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TORONTO, May 15, 2020 /CNW/ - Laurion Mineral
Exploration Inc. (TSX.V: LME and OTCPINK: LMEFF) ("LAURION" or the
"Corporation") announces that, as a result of ongoing
concerns related to the spread of COVID-19, and in order to enable
greater participation of its shareholders and a better forum for
communication, the Corporation has decided to hold its annual and
special meeting of shareholders (the "Meeting") on
September 17, 2020.
In light of the foregoing, and in accordance with Ontario
Instrument 51-504 Temporary Exemptions from Certain Requirements
to File or Send Securityholder Materials of the Ontario
Securities Commission, LAURION will be delaying the filing of its
executive compensation disclosure until the filing of its
management information circular in connection with the Meeting (the
"Circular").
Further information related to the Meeting will be included in
the Circular, which will be made available on SEDAR at
www.sedar.com closer to the date of the Meeting.
The Company will continue to monitor conditions in light of
COVID-19 and the changing expectations and restrictions on the
number of people who can safely congregate, and reserves the
ability to alter the format and conduct of this year's Meeting
based on changing conditions.
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 181,125,977 outstanding
shares of which approximately 59% are owned and controlled by
Insiders who are eligible investors under the "Friends and Family"
categories.
LAURION's emphasis is on the development of its flagship
project, the 100% owned mid-stage 47 km2 Ishkoday Project, and its
gold-silver and gold-rich polymetallic mineralization with a
significant upside potential. Ishkoday has a project-wide database
(2008 to 2019) that includes 307 diamond drill holes totaling
48,879 m, geological mapping, ground
and airborne geophysics, and 21,800 individual samples with assays
and geochemical analysis. The mineralization on Ishkoday is open at
depth beyond the current core-drilling limit of -200 m from surface, based on the historical
mining to a -685 m depth, in the past
producing Sturgeon River Mine. The recently acquired Brenbar
Property, which is contiguous with the Ishkoday Property, hosts the
historic Brenbar Mine and LAURION believes that the mineralization
to be a direct extension of mineralization from the Ishkoday
Property.
Mr. David Lewis, P. Geo.
(APGO, OGQ), LAURION 's Exploration Manager and 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 technical content of this news release.
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 management's anticipated timing,
format and conduct of the Meeting, LAURION's
business, operations and condition, and management's objectives,
strategies, beliefs and intentions. 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 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.