LAURION MINERAL EXPLORATION INC.

San Gold and Laurion Mineral Exploration reported to have signed a Letter of Intent to purchase all of Laurion’s property interests in Tisdale Township, in the Timmins, Ontario mining camp in consideration of a payment to Laurion of $1,000,000 and 1,000,000 common shares of San Gold. The Tisdale Township properties consist of a 31.5% ownership in the Davidson-Tisdale gold deposit and a 100% interest in the North Tisdale property. The purchase of the Davidson-Tisdale will be outright and free of any royalty while Laurion will retain a 2% NSR on the North Tisdale property. A formal agreement will be entered into between Laurion and San Gold upon completion of standard due diligence, expected to take approximately 60 days. The remaining 68.5% of the Davidson-Tisdale deposit is currently owned by VG Gold.