("Laurion" or the "Corporation") is announcing that it has decided to grant, on December 31, 2013, a total of 1,870,000 stock options (the "Options") to its board of directors (the "Board"). The Corporation's Compensation Committee will issue the Options to the Board as compensation for each director's respective contributions to Laurion over the last year.
Each of these Options will have a ten year term and an exercise price of $0.05. One-third of the Options will vest immediately, one-third of the Options will vest on the first anniversary of their date of grant and the remaining one-third of the Options will vest on the second anniversary of their date of grant.
On October 29, 2013, 700,000 stock options which were previously issued to three directors of Laurion at$0.10 per share expired.
About Laurion Mineral Exploration Inc.
Laurion Mineral Exploration Inc. is a junior mining company focusing on the discovery and upside of its100%-owned Ishkoday Property, a high impact VMS project, having a primary focus on gold and base metals.
With proven ability to develop early stage projects and create shareholder value by monetizing its discoveries and assets, Laurion has realized a total of $6.35 million in the last two years from monetization of its assets.
The Corporation's current emphasis is on resource development at the Ishkoday Property, located inBeardmore, Ontario, approximately 220 km northeast of Thunder Bay.
FOR FURTHER INFORMATION, CONTACT:
Laurion Mineral Exploration Inc. Cynthia Le Sueur-Aquin - President Tel: 1-705-788-9186
Neither the TSX Venture Exchange (the "TSX-V") nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this news release.
This news release includes certain forward-looking statements concerning the future performance ofLaurion's business, operations and condition, as well as management's objectives, strategies, beliefs andintentions. 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. Laurion and its management assume no obligation to revise or update these forward looking statements