Lounor Acquires a Platinum-Palladium Property

Lounor Acquires a Platinum-Palladium Property

Lounor Exploration Inc. announce the acquisition of 2 Mineral Claims in Fiedmont Township in the Val-d’Or mining distinct, province of Québec.

Lounor will pay $40,000 and issue 300,000 common shares over a three-year period to acquire a 100% interest in the property. The Optionors have retained a 2% NSR in the property. The acquisition is subject to regulatory approval.

The Fiedmont Property is contiguous to the platinum-palladium property of Kinbauri Gold Corp. A few years ago, Kinbauri Gold Corp. intersected platinum-palladium values over 1 g/t and over a few metres in Fiedmont Township. Recently Kinbauri Gold Corp. optioned its Fiedmont property to Pacific North West from Sudbury.

The Fiedmont property is contiguous to the Kinbauri’s property. The geophysical mag survey has been completed. Numerous targets have been delineated. Lounor plans on drilling this property in January 2009.

Lounor Exploration Inc. is a Canadian-based natural resources company with mineral holdings in Ontario and Quebec and is currently focused on exploration in the Abitibi Greenstone Belt. The belt is found in both provinces of Ontario and Quebec with approximately 33% in Ontario and 67% in Quebec. The Belt has produced in excess of 180,000,000 ounces of gold, 450,000,000 tonnes of base metal ore over the last 100 years. The Company is headquartered in Quebec.

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