TORONTO, Nov. 27,
2022 /CNW/ - LAURION Mineral Exploration Inc.
(TSXV: LME) (OTCPINK: LMEFF) ("LAURION" or the
"Corporation"), announces that, further to a continuous
disclosure review by Corporate Finance Department staff of the
Ontario Securities Commission (the "OSC"), the Corporation
is issuing the following news release regarding its technical
disclosure. The Corporation has made corrective disclosure with
respect to LAURION's 2022 Corporate Presentation and the contents
of its website (www.laurian.ca).
Specifically, corrective disclosure was made to:
(a)
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include the name and
relationship to the Corporation of the qualified person who
prepared or approved the scientific or technical information
disclosed in the aforementioned corporate presentation and website,
pursuant to subsection 3.1 of National Instrument 43-101
Standards of Disclosure for Mineral Projects ("NI
43-101");
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(b)
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on the website, remove
reference to a historical mineral resource estimate amount in order
to comply with subsection 2.3(1)(a) of NI 43-101; and
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(c)
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on the website, remove
the 2018 Fundamental Research Report in order to comply with
National Policy 51-201 Disclosure Standards.
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Additionally, to avoid confusion, the Corporation has elected to
remove the Corporation's "fact sheet" from its website, as it
included outdated information and had not been circulated by the
Corporation for a number of years.
As a result of such corrective disclosures, the Corporation will
be placed on the public list of Refiling and Errors in accordance
with OSC Staff Notice 51-711 (Revised) – Refilings and
Corrections of Errors.
About LAURION Mineral Exploration
Inc.
The Corporation is a junior mineral exploration and development
company listed on the TSXV under the symbol LME and on the OTCPINK
under the symbol LMEFF. LAURION now has 256,069,855 outstanding
shares of which approximately 80% 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.
Website: http://www.LAURION .ca
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, and the Corporation's ability to advance the Ishkoday
Project, as well as the Corporation's expectation that it will be
added to the OSC's Refiling and Errors list. 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.