/THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT INTENDED FOR
DISTRIBUTION TO UNITED STATES
NEWSWIRE SERVICES OR DISSEMINATION IN THE
UNITED STATES./
TORONTO, May 3, 2019 /CNW/ - LAURION Mineral
Exploration Inc. (TSX.V: LME) and (OTCPINK: LMEFF) ("Laurion" or
the "Corporation") is pleased to announce the appointment of
Miles Nagamatsu as the new Chief
Financial Officer of the Corporation.
Mr. Nagamatsu is a Chartered Professional Accountant with over
35 years of experience. He has served as the Chief Financial
Officer of numerous public and private companies, primarily in the
mineral exploration and investment management sectors.
"We are very pleased to welcome Miles to the LAURION team",
stated Cynthia Le Sueur–Aquin, President and Chief Executive
Officer of LAURION. "Miles has many years of finance experience and
a very comprehensive understanding of the mining industry."
In connection with Mr. Nagamatsu's appointment, the Corporation
has accepted the resignation of Douglas
Bolton as Chief Financial Officer of the Corporation. Mr.
Bolton has also resigned as a director of the Corporation. LAURION
would like to express its sincere appreciation for Mr. Bolton's
dedication and contributions to LAURION during his seven years with
the Corporation, and wishes him the best in his future
endeavours.
The Corporation also announces that pursuant to its stock option
plan, subject to TSX Venture Exchange approval, LAURION will grant
incentive stock options to Mr. Nagamatsu to acquire a total of
250,000 common shares of the Corporation, exercisable for a period
of ten years at an exercise price of $0.11, subject to vesting requirements.
About Laurion Mineral Exploration Inc.
The Corporation is a junior mineral exploration and development
company listed on the TSX-V under the symbol LME and on the OTCPINK
under the symbol LMEFF. LAURION now has 143,630,084 outstanding
shares of which 59.4% are owned and controlled by Insiders and
within the "friends and family" category. The Corporation's
emphasis is on the development of its flagship project, the 100%
owned mid-stage Ishkoday Gold-Polymetallic Project containing a
significant upside potential.
LAURION's current exploration is focussed on Ishkoday's near
term potential of major near surface mineral resources in both gold
and base metals based on the network of un-developed quartz veins
similar to those observed at other gold deposits in the immediate
region and in other greenstone belts.
Mr. Jean Lafleur, P. Geo.
(APGO, OGQ), LAURION 's Technical Advisor to the Board of
Directors, is a Qualified Person as defined by National Instrument
43-101 guidelines, and has reviewed and approved the content of
this news release.
Follow us on Twitter: @LAURION_LME
Caution Regarding Forward-Looking Information
This press release contains forward-looking statements, which
reflect the Corporation's current expectations regarding future
events, including with respect to LAURION 's business, operations
and condition, management's objectives, strategies, beliefs and
intentions, the details, anticipated timing and completion of the
transactions and other matters described in this press release,
including without limitation, the issuance of stock options to Mr.
Nagamatsu and the future results of the Corporation's exploration
program at Ishkoday. The forward-looking statements involve risks
and uncertainties. Actual events and future results, performance or
achievements expressed or implied by such forward-looking
statements could differ materially from those projected herein
including as a result of a change in the trading price of the
common shares of LAURION , the interpretation and actual results of
current exploration activities, changes in project parameters as
plans continue to be refined, future prices of gold and/or other
metals, possible variations in grade or recovery rates, failure of
equipment or processes to operate as anticipated, the failure of
contracted parties to perform, labor disputes and other risks of
the mining industry, delays in obtaining governmental approvals or
financing or in the completion of exploration, as well as those
factors disclosed in the Corporation's publicly filed documents.
Investors should consult the Corporation's ongoing quarterly and
annual filings, as well as any other additional documentation
comprising the Corporation's public disclosure record, for
additional information on risks and uncertainties relating to these
forward-looking statements. The reader is cautioned not to rely on
these forward-looking statements. Subject to applicable law, the
Corporation disclaims any obligation to update these
forward-looking statements.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICE
PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX
VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR
ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.
SOURCE Laurion Mineral Exploration Inc.