LMEFF Laurion Minerals Exploration Inc (PK)

Laurion Mineral Exploration Inc. (TSX VENTURE: LME)(OTCQX: LMEFF) ("Laurion" or the "Corporation") issued a press release on February 24th, 2011, announcing that it had entered into a letter of intent with James E. Bond II and Russell P. Renner (collectively, "Bond and Renner"), whereby Laurion would acquire an undivided 100% interest in 13 mining claims totaling 179 units and primarily located in Pifher Township of the province of Ontario, contiguous to the Corporation's Sturgeon River property.

Laurion is pleased to announce that it has received all necessary corporate and regulatory approvals with respect to the above transaction with Bond and Renner, and confirms that the transaction has now closed.

About Laurion Minerals Exploration Inc.

The Corporation's focus is to make the transition from explorer to near-term producer and envisages the realization of shareholder value and wealth through monetization of its discoveries and assets. Laurion's exploration horizons are focused primarily on gold with a secondary interest in base metals and PGEs with key interests in prospective mining properties located in Ontario and Churchill County, Nevada USA.

This news release includes certain forward-looking statements concerning the future performance of Laurion's business, operations and financial performance and condition, as well as management's objectives, strategies, beliefs and intentions. Such statements include, but are not limited to, statements concerning Laurion's acquisition of the property from Bond and Renner as described above. Forward-looking statements are frequently identified by such words as "may", "will", "plan", "expect", "anticipate", "estimate", "intend" and similar words referring to future events and results. Forward-looking statements are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of mineral exploration and development, fluctuating commodity prices, competitive risks and the availability of financing, as described in more detail in our recent securities filings available at www.sedar.com. Actual events or results may differ materially from those projected in the forward-looking statements and Laurion cautions against placing undue reliance thereon.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contacts: Laurion Mineral Exploration Inc. Cynthia Le Sueur-Aquin President 1-888-212-4070 or 1-705-788-9186 1-705-788-9187 (FAX) Laurion Mineral Exploration Inc. Karen Doxsee Vice President, Corporate Communications 1-888-212-4070 or 1-705-788-9186 1-705-788-9187 (FAX) www.laurion.ca