Laurion arranges $1.6-million private placement

Ms. Cynthia Le Sueur-Aquin reports LAURION ANNOUNCES PROPOSED PRIVATE PLACEMENT OF FLOW-THROUGH UNITS Laurion Mineral Exploration Inc. is proposing to complete a flow-through private placement on a non-brokered basis. The corporation intends to raise up to approximately $1.6-million in gross proceeds by issuing up to approximately 4,848,485 flow-through units (FT units) at a price of 33 cents per FT unit. Each FT unit will consist of one common share of the corporation to be issued as a flow-through share (as defined in Subsection 66(15) of the Income Tax Act (Canada)) and one-half of one common share purchase warrant. Each warrant will entitle the holder thereof to acquire one non-flow-through common share of the corporation at a price of 39 cents per share for a period of 24 months from the date of issuance. The gross proceeds raised from the FT units will be used to incur eligible Canadian exploration expenses (CEE) at the corporation's flagship Ishkoday project that qualify as flow-through mining expenditures, as such terms are defined in the tax act. Laurion intends to allocate the proceeds from the private placement to advance the corporation's 2026 drill program on the Ishkoday property, focusing on the gold and base metal A-Zone to the McLeod and CRK corridor (approximately 1.9-kilometre strike) and the proximal orogenic Sturgeon River mine area, located within the 6.0 by 2.5 km mineralized corridor. The program will include systematic infill and stepout drilling to define continuity of known mineralized envelopes and test depth and strike extensions where mineralization converges. Laurion's exploration strategy aims to build resource potential within the A-Zone and Sturgeon River mine corridors. The closing of the private placement, as well as the payment of any finders' fees in connection therewith, are subject to the approval of the TSX Venture Exchange. The corporation intends to close the private placement on or about Dec. 19, 2025, subject to receipt of all necessary regulatory approvals. In connection with the private placement, the corporation may pay finders' fees. All securities issued pursuant to the private placement will be subject to, among other things, a hold period of four months and one day in accordance with applicable Canadian securities laws. Qualified person The technical contents of this release were reviewed and approved by Jean-Philippe Paiement, PGeo, MSc, a consultant to Laurion and a qualified person as defined by National Instrument 43-101 -- Standards of Disclosure for Mineral Projects. About Laurion Mineral Exploration Inc. The corporation is a mid-stage junior mineral exploration and development company listed on the TSX Venture Exchange under the symbol LME and on the OTC Pink under the symbol LMEFF. Laurion now has 274,097,283 outstanding shares, of which approximately 73.6 per cent are owned and controlled by insiders who are eligible investors under the "friends and family" categories. Laurion's emphasis is on the exploration and development of its flagship project, the 100-per-cent-owned mid-stage 57-square-kilometre Ishkoday project, and its gold-rich polymetallic mineralization. Laurion's chief priority remains maximizing shareholder value. A large portion of the corporation's focus in this regard falls within the scope of its mineral exploration activities and more specifically, advancing the Ishkoday project. A consequence of Laurion's success and advancement over the past several years is that the corporation has become positioned as an acquisition target for appropriate potential acquirors. Accordingly, the corporation's board of directors is aware that possible strategic alternatives and transactional opportunities may arise and/or could be procured in the short or medium terms. The corporation will promptly issue a press release if any material change occurs. We seek Safe Harbor.