Laurion and Vedron Finalize the Amended Option Agreement on the Davidson-Tisdale and Laurion Claims in the Tisdale Township, Ontario.

TORONTO -- Laurion Gold Inc. (TSXV:LAG) ("Laurion") and Vedron Gold Inc. (TSX-V:VG) ("Vedron") announced today that they have finalized the amended and restated option agreement (the "Amended Agreement") which was originally announced on December 15, 2004. The Amended Agreement, which remains subject to the approval of the TSX Venture Exchange, amends the original option agreement between Laurion and Vedron dated March 14, 2003 (the "Original Agreement") pertaining to the exploration property owned by Laurion near Timmins, Ontario (the "Property").

Pursuant to the Amended Agreement, Laurion granted to Vedron the right to earn up to a 60% interest in six of the claims comprising the Property (the "Davidson-Tisdale Claims") by fulfilling the expenditure commitments of the Original Agreement by March 14, 2008; the remaining 19 claims comprising the Property (the "Laurion Claims") are to be held 100% by Laurion. The Original Agreement provided that Vedron could earn up to a 50% interest in all of the claims comprising the Property. The Amended Agreement, however, increases Vedron's potential interest, but reduces the number of claims in which Vedron can earn such interest. The exploration program undertaken on the Property by Vedron has focused and will continue to focus on the Davidson-Tisdale Claims and, as a result of the Amended Agreement, Laurion will have an opportunity to commence an exploration program on the Laurion Claims.

The Amended Agreement also provides that, by paying $1,575,000 to Laurion over a three year period, Vedron can earn up to an additional 15% interest in the Davidson-Tisdale Claims over and above the 60% interest mentioned above. In addition, by paying this amount to Laurion and meeting its expenditure obligations under the Original Agreement, Vedron will earn a back-in right to acquire a 50% interest in up to three exploration properties owned, optioned or acquired by Laurion, including the Laurion Claims. Vedron will be able to exercise its back-in right to acquire a 50% interest in the Laurion Claims by paying 60% of Laurion's expenditures to date on such property. In addition, Vedron will be able to exercise its back-in right to acquire a 50% interest in such other properties by payment to Laurion of the greater of (i) 200% of the exploration expenditures incurred by Laurion on such property and (ii) $35 per ounce of gold times the maximum number of ounces of gold calculated as a mineral resource on such property.

In addition, the Amended Option Agreement provides that Laurion will have a similar back-in right to acquire a 50% interest in certain early stage exploration properties optioned or acquired by Vedron, but excludes Vedron's four development properties, exercisable upon payment to Vedron of the greater of (i) 200% of the exploration expenditures incurred by Vedron on such property and (ii) $35 per ounce of gold times the maximum number of ounces of gold calculated as a mineral resource on such property. Laurion and Vedron will form a joint venture agreement upon Vedron obtaining a 60% interest in the Davidson-Tisdale Claims, provided that Vedron may accelerate the formation of a joint venture upon Vedron achieving a 50% interest in such claims by paying a penalty to Laurion. Laurion and Vedron will also form a joint venture on any property in which both parties acquire an interest by virtue of the exercise of their back-in rights.

Laurion and Vedron will be joint exhibitors at the forthcoming Prospectors and Developers Association of Canada International Convention, Trade Show and Investors Exchange (the "PDAC Convention") to be held March 6 to March 9, 2005 in Toronto, Ontario. Laurion and Vedron will be in booth 5003, Room 203, on Tuesday, March 8, 2005 and Wednesday, March 9, 2005.

Laurion also announced in a press release dated February 15, 2005 that it has agreed to enter into an option agreement with Hornby Bay Exploration Limited ("Hornby Bay") pursuant to which Hornby Bay will grant to Laurion an option to acquire a 50% interest in its East Clavos gold project (the "East Clavos Property") in consideration for certain exploration expenditure commitments undertaken by Laurion. The East Clavos Property, which comprises 20 mining claim units and is approximately 324 hectares in area, is located in the Stock Township of the prolific Porcupine Mining District approximately 45 kilometers east northeast of Timmins, Ontario. Laurion Gold Inc. is a gold exploration company with resource properties located in the North East part of Tisdale Township, approximately 12 km north east of Timmins, Ontario.

Vedron Gold Inc is a mining exploration and development company with advanced exploration gold properties in Timmins, Ontario, Canada. Vedron is actively exploring four developed Timmins gold properties namely the Fuller, the Davidson Tisdale, the Maude Ramp and the Buffalo Ankerite Property with the focus of bringing these properties into production.

To find out more about Vedron Gold Inc. (TSX-V: VG), visit our website at www.vedron.com.

LAURION GOLD INC.

Issued and Outstanding 33,701,350 Common Shares

VEDRON GOLD INC.

Issued and Outstanding 43,308,947 Common Shares

The TSX Venture Exchange has neither approved nor disapproved the information contained herein and does not accept responsibility for the adequacy or accuracy of this release.

Laurion Gold Inc. (TSX VENTURE:LAG)

Vedron Gold Inc. (TSX VENTURE:VG)