Back To Latest NewsLaurentian Goldfields Re-prices Options and Warrants February 27, 2013

Vancouver, British Columbia -- February 27, 2013 - Laurentian Goldfields Ltd. (TSX-V: LGF) ("Laurentian" or the "Company") announces that the board of directors has resolved to reduce the exercise price of all of the Company's outstanding options and warrants, issued prior to the share consolidation that took effect on November 23, 2012, to $0.20 in order to more closely reflect the current trading range of the Company's common shares. Laurentian received shareholder approval at its Annual and Extraordinary Meeting held on November 19, 2012 to re-price all of its outstanding options held by insiders. The warrant term has also been extended three months and will now expire June 4, 2013. If the closing price of the Company's shares is $0.25 or greater for a period of 10 consecutive trading days, then the warrant holders will have 30 days to exercise their warrants, otherwise the warrants will expire on the 31st day. The re-pricing of all options and warrants as well as the extension of the warrant term remains subject to approval by the TSX Venture Exchange.

About Laurentian Goldfields Ltd.

Laurentian is a team of highly skilled professionals focused on the identification, acquisition, and development of high quality exploration projects. A solid technical foundation, partnered with major mining companies through exploration alliances and joint venture agreements, provides significant exploration exposure for shareholders while minimizing shareholder dilution. Laurentian is committed to delivering shareholder growth by utilizing its extensive industry experience to identify and acquire exceptional exploration and development opportunities.

ON BEHALF OF THE BOARD OF DIRECTORS,

"Darin Labrenz"
Darin Labrenz, P.Geo.
President and CEO

Neither the 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.

For further information, please contact:

Darin Labrenz
President and CEO
Tel: (604) 646-8000
Fax: (604) 646-8088
info@laurentiangoldfields.com

Marla Lede
Manager, Corporate Communications
Tel: (604) 697-2412
Fax: (604) 646-8088
mlede@laurentiangoldfields.com