ZEOTECH LIMITED — Capital/Financing Update 2011

Jul 19, 2011

==> picture [502 x 39] intentionally omitted <==

Laconia Resources Limited ACN 137 984 297

Level 1, 41-43 Ord Street West Perth WA 6005

T: +61 8 9486 1599

E: info@laconia.com.au

ASX/Media Release

20 July 2011

RC Drilling Program to commence at Lennons Find Base Metals Project

EM Ground Surveys completed at project

Key points

• Laconia Resources to commence targeted RC drilling program at Lennons Find base metals project

• The program will be a 2,000 metre RC program on the Tiger, Hammerhead South, Hammerhead North, Shovel Nose, Mako and Bronze Whaler EM anomalies

• The Lennons Find project currently has a JORC Code inferred Resource of 853,000t @ 7.7% Zn, 1.8% Pb, 0.7% Cu and 115g/t Ag, at the Hammerhead zone

• The Company’s intent is to increase the Resource base at the project

• Also, a comprehensive Fixed Loop EM ground survey has been completed over the favourable stratigraphy at Lennons Find

• The interpreted EM targets appear as subtle electrical conductors similar to what would be expected from high sphalerite (ZnS) content ore

• The EM conductors coincide with Zn, Pb, Cu and Ag soil anomalism and are located parallel to partial outcropping gossaneous veins.

Perth based exploration company Laconia Resources Limited (ASX: LCR) is pleased to announce that it plans to commence its maiden drilling program at its Lennons Find base metals project, near Marble Bar in West Australia on Tuesday July 26 2011.

The Company is intent on increasing the Resource base at Lennons Find. The drill program will be a 2,000 metre RC program, which will test the Tiger, Hammerhead South, Hammerhead North, Shovel Nose, Mako and Bronze Whaler EM anomalies. Results from the drill program will be released as soon as they become available.

The project currently has a JORC Code Inferred Resource of 853,000 tonnes grading 7.7% Zn, 1.8% Pb, 0.7% Cu and 115g/t Ag, at the Hammerhead sulphide zone.

Laconia is also pleased to announce the results of its recently completed EM Fixed Loop ground survey at the Lennons Find project. The EM survey has defined a series of subtle conductive areas which are aligned with known geochemical anomalies, and in accord with subcropping to outcropping gossaneous veining.

The Lennons Find project area has the potential to host VMS/VHMS type base metals and silver deposits. These style deposits often occur in clusters, and the Company is of the view that there may be the potential for significant tonnages of ore at the Tiger, Hammerhead South and Bronze Whaler prospects, where there are ore grade intercepts in historic drilling to a vertical depth of 20-30 metres below gossaneous and copper oxide stained outcrop.

There is also the potential for new discoveries to be made on coincident EM and geochemical targets at Shovel Nose and Mako, at the same stratigraphic horizon as the current resource at Hammerhead.

==> picture [458 x 313] intentionally omitted <==

Figure 1: Lennons Find Project, EM targets over maximum down hole copper in existing drill holes and Cu in soils anomalism, June 2011.

Laconia acquired a 95% interest in the Lennons Find project (M45/368) from Jabiru Metals Limited in March 2011. At the same time it announced the acquisition of the nearby Yandicoogina base metals project from Shaw River Resources (ASX: SRR). The two projects are located approximately 40 km from Marble Bar on the southern edge of the Mt Edgar Granitoid Complex, in the East Pilbara region of Western Australia (see Projects Loaction Map attached).

Within the project areas outcropping gossaneous veins with elevated base metals grades occur at a consistent horizon in the Duffer Formation, and it is this horizon which is the current focus for Laconia’s base metals exploration.

ENDS

For further information please contact:

Ian Stuart James Moses Managing Director Media and Investor Relations Laconia Resources Mandate Corporate P: +61 8 9486 1599 M: 0420 991 574 E: istuart@laconia.com.au E: james@manadatecorporate.com.au www.laconia.com.au

About Laconia Resources

Laconia Resources is a Perth-based advanced gold and base metals exploration company. The Company has a portfolio of advanced gold and base metals projects near Kalgoorlie and in the Murchison and Pilbara regions in Western Australia, across 35 granted tenements covering an approximate 955km[2] .

Laconia has a significant base metal ground position in the Pilbara including the Lennons Find Project. Lennons Find is an advanced base metal exploration project, which has a JORC Code Inferred Resource of 853,000 tonnes grading 7.7% Zn, 1.8% Pb, 0.7% Cu and 115g/t Ag.

The Company is focused on targeted exploration of its project areas, and further definition and expansion of its Resource base at its advanced projects.

Competent Persons Statement

Mr Ernie Poole who is a member of the Australasian Institute of Mining and Metallurgy has compiled the information within this presentation that relates to mineralisation. Mr Poole is a full time employee of Laconia Resources Limited and has sufficient experience relevant to the style of mineralisation and type of deposits under consideration and to the activity currently being undertaken to qualify as a Competent Person as defined in the 2004 edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves and consents to the inclusion of this information in the form and context in which it appears in this report .

Lennons Find and Yandicoogina Base Metals Project Location Map

==> picture [354 x 401] intentionally omitted <==

Laconia Resources Projects Location Map

==> picture [252 x 370] intentionally omitted <==