Lounor amends the expiry date of the warrants issued on August 21, 2009 and September 18, 2009

ROUYN-NORANDA, QC, Aug. 16, 2011 /CNW/ --
Listing (TSXV = LO Frankfurt = LE2A)

ROUYN-NORANDA, QC, Aug. 16, 2011 /CNW Telbec/ - Lounor Exploration Inc. (TSXV: LO) (FSE: LE2A) announces that its Board of Directors has approved the extension of the
expiry date of the 2,208,335 common share purchase warrants issued on
August 21, 2009 for an additional year.  The warrants will now expire
on August 21, 2012 and their exercise price of $0.15 remains the same. 
This modification is subject to approval of TSX Venture Exchange.

None of these warrants has been exercised and insiders of the Company do
not hold any of them.

The Company also announces that its Board of Directors has approved the extension of the
expiry date of the 1,901,666 common share purchase warrants issued on
September 18, 2009 for an additional year.  The warrants will now
expire on September 18, 2012 and their exercise price of $0.155 remains
the same.  This modification is subject to approval of TSX Venture
Exchange.

None of these warrants has been exercised and insiders of the Company do
not hold any of them.

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.

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