Laurentian Goldfields Upsizes Previously Announced Private Placement to C$15 Million

NOT FOR DISTRIBUTION OR TRANSMISSION BY ANY MEANS INTO THE UNITED STATES

Laurentian Goldfields Ltd. ("Laurentian" or the "Company") (TSX VENTURE:LGF) is
pleased to announce that it intends to increase the size of its previously
announced best efforts private placement financing from C$10.0 million to C$15.0
million (the "Offering"). A syndicate of agents led by Macquarie Capital Markets
Canada Ltd. and including Canaccord Genuity Corp. and Axemen Resource Capital
Ltd. (the "Agents"), is conducting the Offering on a best efforts basis on the
same terms as announced on January 24, 2014. The Agents will have the option to
sell up to an additional 15,000,000 units for additional gross proceeds of up to
C$3.75 million, exercisable in whole or in part at any time up to 48 hours
before the closing date of the Offering. 


The net proceeds of the Offering shall be used to complete the acquisition of
the Madsen Gold Project (the "Madsen Acquisition"), for working capital and
general corporate purposes.


The Offering is expected to close on or about February 18, 2014, and is subject
to certain conditions including, but not limited to, the receipt of all
necessary approvals, including the approval of the TSX Venture Exchange and
completion of the Madsen Acquisition. All securities of the Company issued in
connection with the Offering will be subject to a hold period in Canada of four
months and one day from the date of issuance.


The securities being offered have not been and will not be registered under the
U.S. Securities Act of 1933, as amended, and may not be offered or sold in the
United States absent registration or applicable exemption from the registration
requirements. This press release shall not constitute an offer to sell or the
solicitation of an offer to buy nor shall there be any sale of the securities in
any jurisdiction in which such offer, solicitation or sale would be unlawful.
Any public offering of securities to be made in the United States must be made
by means of a prospectus containing detailed information about the Company and
management, as well as financial statements.


ON BEHALF OF THE BOARD OF DIRECTORS,

Darin Labrenz, P.Geo., President and CEO

This news release does not constitute an offer to sell or a solicitation of an
offer to buy the securities described herein in the U.S., or in any jurisdiction
in which such an offer or sale would be unlawful. The securities described
herein have not been and will not be registered under the U.S. Securities Act of
1933, as amended, or any U.S. state securities laws and may not be offered or
sold in the U.S. or to the account or benefit of a U.S. person or a person in
the U.S. absent registration or an applicable exemption from the registration
requirements. 


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. 


Cautionary Statement on Forward-Looking Information

This news release contains certain forward-looking information and statements.
All statements, other than statements of historical facts, are forward-looking
information and statements. The words "believe", "expect", "anticipate",
"contemplate", "target", "plan", "intends", "continue", "budget", "estimate",
"may", "will" and similar expressions identify forward-looking information and
statements Forward-looking information and statements are necessarily based upon
a number of estimates and assumptions that, while considered reasonable by the
Company, are inherently subject to significant business, economic and
competitive uncertainties and contingencies. Known and unknown factors could
cause actual results to differ materially from those projected in the
forward-looking information and statements. Such factors include, but are not
limited to, fluctuations in the price of gold and other commodities, changes in
government legislation, taxation, controls, regulations and political or
economic developments in Canada, risks associated with mining or development
activities, the speculative nature of exploration and development, including the
risk of obtaining necessary licenses and permits. Many of these uncertainties
and contingencies can affect the Company's actual performance and could cause
actual performance to differ materially from those expressed or implied in any
forward-looking information and statements made by, or on behalf of, the
Company. Readers are cautioned that forward-looking information and statements
are not guarantees of future performance. There can be no assurance that such
statements will prove to be accurate and actual results and future events could
differ materially from those acknowledged in such statements.


The Company disclaims any intention or obligation to update or revise any
forward-looking information and statements whether as a result of new
information, future events or otherwise, except to the extent required by
applicable laws.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Laurentian Goldfields Ltd.
Darin Labrenz
President and CEO
[phone]
[phone] (FAX)
[e-mail]
www.laurentiangoldfields.com