LAURION Advances Permitting for Ishkōday Gold Project in Ontario

LAURION Mineral Exploration Inc. (TSX-V: LME | OTC: LMEFF | FSE: 5YD) has provided shareholders with an update on the environmental, technical, and regulatory work supporting the continued advancement of its 100%-owned Ishkōday Gold and Polymetallic Project in the Beardmore-Geraldton Greenstone Belt of Northwestern Ontario. The company is advancing two complementary initiatives at the historical Sturgeon River Mine: the recovery and remediation of the historical surface waste rock stockpile, and a proposed Advanced Exploration Project focused on dewatering, rehabilitating, and evaluating the historical mine shaft and underground workings. Over the past five years, LAURION has undertaken a comprehensive program of environmental baseline studies, technical investigations, and Indigenous and regulatory consultation to characterize existing site conditions and support project planning.

For the surface stockpile recovery, LAURION has submitted an application for a Recovery of Minerals Permit to the Ministry of Energy and Mines, including a Recovery and Remediation Plan, under section 152.1 of Ontario’s Mining Act and Ontario Regulation 463/24. The proposed work would involve removing and processing the mineralized material off-site, followed by remediation of the stockpile area. Separately, the Advanced Exploration Project would involve removing the existing shaft cap, rehabilitating the shaft collar, and installing a temporary exploration headframe and hoisting plant to allow for safe access, controlled dewatering, and progressive rehabilitation. LAURION is preparing a Permit to Take Water application for submission to the Ministry of the Environment, Conservation and Parks in Q4 2026, and an Advanced Exploration Closure Plan targeted for early 2027. The company has also completed extensive environmental baseline studies, including terrestrial ecology, aquatic, groundwater, and archaeological assessments.

Management commentary from President and CEO Cynthia Le Sueur-Aquin emphasized the diligence of the team and the value-additive nature of the projects. Linda Byron, Director at Blue Heron Environmental, expressed support for the advancement of the Ishkōday Project. The technical contents of the release were reviewed and approved by Dr. Trevor Boyd, a Qualified Person under NI 43-101. LAURION’s strategy focuses on disciplined exploration, systematic technical advancement, and positioning the project for a potential future Mineral Resource Estimate. The company continues to engage with Indigenous communities, including Animbiigoo Zaagi’igan Anishinaabek First Nation, Bingwi Neyaashi Anishinaabek First Nation, and Biinjitiwaabik Zaaging Anishinaabek First Nation, through an Indigenous Joint Steering Committee. For more information, visit http://www.LAURION.ca.