Laurion Mineral Exploration Inc. ("Laurion" or the "Company") (TSX-V: LME; OTCPINK: LMEFF) announced today that it has terminated, for non-payment by Lincoln Mining Corporation ("Lincoln"), the purchase and sale agreement dated November 28, 2012, as amended (the "Purchase Agreement") and announced in a press release dated September 9, 2014. Pursuant to the Purchase Agreement, Lincoln was to pay Laurion a cash purchase price of $2,350,000 according to a prescribed payment schedule as consideration for the acquisition of certain mining claims, and an option to earn a 100% interest in the Bell Mountain property located in Churchill County, Nevada ("Bell Mountain Project"). As of December 31, 2014, the outstanding payments and obligations on the Bell Mountain Property total approximately $1.1 million www.laurion.ca/s/newsreleases.asp?ReportID=694764