LAURION Starts defining Gold Mineralization North and Northeast of the Brenbar Shaft, Highlighting 2.68 g/t Au over 1.05 m from 117.6 m to 118.65 m

The most recent news release, dated November 4, 2025, announces initial drilling results from LAURION Mineral Exploration Inc.'s 7,700-metre Summer 2025 Drill Exploration Program at its 100%-owned Ishkôday Project. The results cover 954 metres from two drill holes (LME25-061 and LME25-062) located north and northeast of the historic Brenbar Shaft.

Key intercepts highlighted include: - LME25-062: 2.68 g/t Au over 1.05 m (from 117.6 m to 118.65 m) - LME25-062: 2.3 g/t Au over 0.5 m (from 168 m to 168.5 m) - LME25-062: 1.625 g/t Au over 1.1 m (from 454.4 m to 455.5 m) - LME25-061: 0.881 g/t Au over 2.25 m (from 213.85 m to 216.1 m)

The company's President and CEO, Cynthia Le Sueur-Aquin, stated that these intercepts confirm the continuity of gold-bearing structures near the Brenbar Shaft and highlight the advanced understanding of the Ishkôday Project. The use of fully oriented core allows for precise structural interpretation and integration into their 3D geological model, which is deemed critical for defining the geometry and scale of the mineralized system.

The news also notes that the reported intervals represent core length, with true widths estimated at approximately 70-90% of the reported intervals.

The drill results from the initial two holes of the Summer 2025 program present positive, but routine, progress for LAURION Mineral Exploration. The grades, while showing gold mineralization and confirming structural continuity near the Brenbar Shaft, are not "game-changer" in terms of grade-width combinations when compared to some of the high-grade intercepts previously reported. For instance, earlier news highlighted intercepts such as 68.50 g/t Au over 0.50 m (Jan 8, 2025), 37.70 g/t Au over 0.50 m (Dec 11, 2024), and 16.00 g/t Au over 0.50 m (Sep 23, 2025). The highest grade in this release, 2.68 g/t Au over 1.05 m, is good for an exploration project but indicates incremental rather than transformative success.

The emphasis in the CEO's statement is on "confirming continuity" and "advancing understanding" of the geological model through oriented core data. This is crucial for systematic exploration and moving towards resource definition, which aligns with the company's stated long-term objectives. However, this type of confirmation, while positive, is an expected outcome of a well-planned drill program and does not significantly exceed prior expectations set by the company's ongoing exploration narrative.

The news indicates that only 954 metres out of a planned 7,700-metre Summer 2025 program have been reported (from two holes), suggesting more results are pending. Earlier news (September 23, 2025) stated 93% of the 2025 drill program was completed, implying a significant portion of results are still to be released. This current release, therefore, provides a partial update and does not fundamentally alter the investment thesis. It maintains momentum but does not introduce new material information that would drastically change the company's valuation or risk profile.

In the context of LAURION's ongoing strategic review and efforts to attract partners or investors (as highlighted in several previous releases), consistent positive results are beneficial. However, these specific intercepts, while affirming, do not appear to be of the magnitude that would immediately trigger a significant re-rating of the stock.

LAURION Mineral Exploration Inc. (TSX.V: LME, OTCPINK: LMEFF) is a Canadian gold and base metal exploration company. The company boasts a long history, being one of the TSX-V's longest-listed companies (65 years). Its flagship asset is the 100%-owned Ishkôday Project, located approximately 220 kilometers northeast of Thunder Bay, near Greenstone, Ontario.

The Ishkôday Project is described as a district-scale gold-polymetallic (gold, zinc, silver, copper) system covering a significant area of 57 square kilometers, with proximal infrastructure and year-round access. The project hosts over 22 delineated mineralized structures within a prospective corridor measuring 6 kilometers in strike length and 2.5 kilometers in width, which remains open at depth and along strike.

LAURION's exploration strategy involves combining modern geophysical surveys (Deep DCIP and Magnetotelluric (MT) inversions capable of imaging up to 2.5 kilometers depth), structural mapping, and historical drilling data to refine its 3D geological model and identify high-confidence targets. Key target areas within Ishkôday include the historic Sturgeon River Mine and Brenbar Mine corridors, as well as the A-Zone, McLeod Zone, and Twin Falls areas. The company's goal is to advance understanding, expand mineralization, and progress toward a future mineral resource estimate and potentially early-stage production (with an Advanced Exploration Permit for bulk sampling).