Laurion Mineral Exploration Inc. — Proxy Solicitation & Information Statement 2021

Jun 4, 2021

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NOTICE OF ANNUAL AND SPECIAL MEETING OF SHAREHOLDERS

WHEN: WHERE: RECORD DATE: Tuesday, July 6, Virtual only Meeting Thursday, May 27, 2021 at 11:00 a.m. via the TSX Trust Virtual Meeting Platform 2021 (Eastern time) located at: - https://virtual meetings.tsxtrust.com/en Password: laurion2021 (case sensitive)

NOTICE IS HEREBY GIVEN that an annual and special meeting (the “ Meeting ”) of holders (the “ Shareholders ”) of common shares (the “ Common Shares ”) of Laurion Mineral Exploration Inc. (the “ Corporation ”) will be held in a virtual-only format on Tuesday, July 6, 2021 at 11:00 a.m. (Eastern time) via the TSX Trust Virtual Meeting Platform at URL: https://virtual-meetings.tsxtrust.com/en, Meeting ID: 1164 and Password: laurion2021 (case sensitive).

The Meeting will be held for the following purposes:

1. to receive and consider the audited consolidated financial statements of the Corporation for the financial years ended December 31, 2020 and December 31, 2019, together with the reports of the auditor thereon;

2. to elect the directors of the Corporation;

3. to re-appoint RSM Canada LLP, Chartered Professional Accountants, as the auditors of the Corporation for the ensuing year and to authorize the directors of the Corporation to fix their remuneration and the terms of their engagement;

4. to consider and, if deemed advisable, pass a resolution ratifying and approving the renewal of the Corporation’s rolling stock option plan; and

5. to transact such other business as may properly be brought before the Meeting or any adjournment or adjournments thereof.

Accompanying this notice of meeting is the management information circular dated May 27, 2021 (the “ Circular ”), a financial statement request form and a form of proxy. Shareholders will receive by mail copies of the audited annual financial statements of the Corporation for the financial years ended December 31, 2020 and 2019, together with the reports of the auditors thereon, which will be filed by the Corporation in accordance with applicable securities laws. The record date for the determination of those Shareholders entitled to receive the Notice of Meeting is the close of business, being 5:00 p.m. (Eastern time), on May 27, 2021.

The Shareholders will not be able to attend the Meeting in person. At the virtual Meeting, registered Shareholders and duly appointed proxyholders will have an opportunity to participate, ask questions and vote, all in real time through a web-based platform. Non-registered Shareholders must carefully follow the procedures set out in the Circular in order to vote virtually at the Meeting and ask questions. Guests, including non-registered Shareholders who have not been duly appointed as proxyholders, can log into the virtual Meeting as a guest. Guests may listen to the Meeting but will not be entitled to vote at the Meeting.

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Instructions for Attending the Meeting

• In order to attend the Meeting virtually, Shareholders should log in at https://virtual meetings.tsxtrust.com/en at least fifteen (15) minutes prior to the start of the Meeting. Once logged in, registered Shareholders will be required to provide the password (laurion2021) and their control number to vote at the Meeting. Alternatively, Shareholders can take steps to submit their votes by proxy by following the instructions below and as further set out in the Circular.

If you are a registered Shareholder and are unable to attend the Meeting virtually, please complete, sign, date and return the enclosed form of proxy to TSX Trust Company, 301-100 Adelaide Street West, Toronto, Ontario, M5H 4H1, or by facsimile to 416-595-9593, or complete the form of proxy by such other method as is identified, and pursuant to any instructions contained, in the form of proxy. In order to be valid for use at the Meeting, proxies must be received not less than 48 hours (excluding Saturdays, Sundays and holidays) prior to the Meeting or any adjournment(s) or postponement(s) thereof.

If you are a non-registered Shareholder and receive these materials through your broker or through another intermediary, please complete and return the materials in accordance with the instructions provided to you by your broker or such other intermediary. If you are a nonregistered Shareholder and do not complete and return the materials in accordance with such instructions, you may lose the right to vote at the Meeting.

Further information with respect to voting by proxy is included in the accompany Circular. If you have any questions or need assistance with the completion and delivery of your proxy, please contact the Corporation’s President and Chief Executive Officer, Cynthia Le Sueur-Aquin, by email at clesueuraquin@laurion.ca.

DATED at Toronto, Ontario, as of the 27[th] day of May, 2021.

BY ORDER OF THE BOARD OF DIRECTORS

- (signed) Cynthia Le Sueur Aquin Cynthia Le Sueur-Aquin President and CEO