Laurion Announces Aggressive Drill Program on Bell Mountain Gold Project, Nevada

Wednesday, August 25th 2010

Laurion Mineral Exploration Inc. announced the commencement of an aggressive drill program on the Bell Mountain gold project located in Churchill County, Nevada.

“This drill program is designed to expand and confirm the resource on two zones that have the best potential to significantly increase gold-silver resources to generate a NI 43-101 compliant resource estimate prior to year end. The majority of the drilling will be completed on the bulk of the known resource in the Varga zone with additional drilling planned on the Spurr zone located west of the Varga.” announced Laurion’s President and CEO, Cynthia Le Sueur-Aquin.

The reverse circulation (“RC”) drill program of 11,600 ft., involves drilling 52 holes ranging from 100 ft. to 350 ft. in depth. A comprehensive historical resource (non NI 43-101 compliant) of 2.1 Mt @ 1.3 g/t gold and 37.6 g/t silver was defined by N.A. Degerstrom (“Degerstrom”) in 1992 on the Varga and Spurr zones. Degerstrom completed a detailed feasibility study and permitted for production, the design and construction of three open pits and heap leaching and processing facilities. Falling metals prices caused Degerstrom to shelve the project.

Note: The historical estimate above should not be relied upon. A qualified person has not done sufficient work to classify the historical estimates as current mineral resources or reserves and the Company is not treating the historical estimates as current mineral resources or reserves.

A careful review of existing drilling data on the Varga reveals that the zone is open to depth and along strike to the east and west. The drill holes are sited to test the apparent extensions of known mineralization both along strike and to greater depths. It is likely that the previously designed Degerstrom Varga pit can be extended from 60 to 100 ft. deeper in the center and to similar depths to the east and west, below existing drilling, over the 800 ft. strike length of the pit. Additionally it is expected that the drilling program will extend the mineable mineralization to at least 160 ft. to the east of the pit. The western portion of the Varga vein system, above the Varga adit, was not included in the original Degerstrom pit plan. Assay results from sampling of the vein in the adit and on surface and from six scattered Degerstrom drill holes suggest that systematic drilling will demonstrate that this 650 ft of strike length may be added to the resource.

The Spurr zone located 650 ft. west of the Varga adit has a known mineralized strike length of 850 ft. This Spurr zone was drilled on a sufficiently close spacing for resource estimation and was included in Degerstrom’s mining plan. The body of mineralization remains open with depth. Twelve holes have been planned with the objective of testing the extension of mineralization for another 100 ft. down dip. Two additional holes are planned to test an apparent mineralized, but not previously drilled vein segment located between the Spurr and Varga zones. A total of 3,150 ft of drilling is required to complete the Spurr drilling program.