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Lounor Grants Stock Options

Listing (TSXV = LO Frankfurt = LE2A)

ROUYN-NORANDA, QC, March 14, 2013 /CNW Telbec/ - LOUNOR EXPLORATION INC. (TSXV: LO) (Frankfurt: LE2A) is pleased to announce that the Corporation has granted 3,850,000 new stock options to directors, officers and consultants of the Corporation, which can be exercised at a price of $0.10 per share expiring on March 14, 2016.

During a directors' meeting held on March 11, 2013, the Board of directors of Lounor appointed the following directors to the Audit Committee: Mr. Gilles Fiset, Mr. Robin Harvey and Mr. Laurent Hallé.

The following officers were also appointed: Mr. Gilles Fiset, as President and Chief Executive Officer, Mr. Rodrigue Tremblay as Chief Financial Officer and Ms. Julie Godard as Corporate Secretary.

About Lounor Exploration

Lounor Exploration Inc. is a Canadian-based natural resources company with mineral holdings in Ontario and Quebec and is currently focused on exploration in the Abitibi Greenstone Belt. The belt is found in both provinces of Ontario and Quebec with approximately 33% in Ontario and 67% in Quebec. The Belt has produced in excess of 180,000,000 ounces of gold, 450,000,000 tonnes of base metal ore over the last 100 years. The Company is headquartered in Quebec.

LOUNOR EXPLORATION INC. is a publicly traded company on the TSX-Venture (TSXV-LO) and on the Frankfurt Exchange (LE2A).

This press release was prepared by Lounor Exploration Inc. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This document may contain forward-looking statements relating to Lounor's operations or to the environment in which it operates. Such statements are based on operations, estimates, forecasts and projections. They are not guarantees of future performance and involve risks and uncertainties that are difficult to predict and may be beyond Lounor's control. A number of important factors could cause actual outcomes and results to differ materially from those expressed in forward-looking statements, including those set forth in other public filling. In addition, such statements relate to the date on which they are made. Consequently, undue reliance should not be placed on such forward-looking statements. Lounor disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, save and except as may be required by applicable securities laws.

SOURCE LOUNOR EXPLORATION INC.

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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