ZEOTECH LIMITED — Capital/Financing Update 2012

Dec 5, 2012

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6 December 2012

Laconia divests Kookynie Base Metal Project

Perth-based exploration company Laconia Resources Limited ( ASX:LCR ) (" Laconia " or “ the Company ”) is pleased to announce the completion of the sale of 100% of its WA Kookynie Project to Rubianna Resources Limited (ASX: RRE) ("Rubianna").

Laconia originally acquired the Kookynie Project licences to follow up open file and GSWA base metal targets situated in the region of the Melita 1: 1,000,000 geological map sheet.

Subsequent to the acquisition of Kookynie, Laconia has acquired a 100% in the Rasuhuilca Gold Silver project in Southern Peru and its exploration efforts are increasingly focused on the advancement and development of the Rasuhuilca Project.

Rubianna has stated its purpose is the exploration for gold and base metals in the Murchison district of WA. It is understood that Rubianna has a team of geologists in place to focus its exploration efforts on the discovery of gold and base metals in this prospective region. Rubianna's acquisition of the Kookynie project for 1,300,000 shares in Rubianna allows Laconia shareholders to retain exposure to, and gain a direct benefit from the exploration in the region.

*ENDS***

For further information please contact:

Ian Stuart Sam Burns Managing Director Media and Investor Relations Laconia Resources Six Degrees Investor Relations P: +61 8 9486 1599 M: 0400 164 067 E: istuart@laconia.com.au E: sam.burns@sdir.com.au www.laconia.com.au

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Location of Kookynie Project, WA

About Laconia Resources Limited

Laconia Resources Limited is a Perth-based emerging precious and base metals exploration and development Company with a South American focus. The recently acquired Rasuhuilca gold-silver development project in Peru complements the Company’s existing portfolio of precious and base metal projects in Western Australia. A Feasibility Study was completed at Rasuhuilca 2008 and is currently under review, with Laconia aiming to bring the Project into production as a high-grade, small-tonnage operation, and utilise the project’s revenues to unlock its exploration upside.

In Western Australia, the Company has a portfolio of advanced mineral projects in the Murchison and Pilbara regions, across 35 granted tenements covering an approximate 955km2. Laconia has reported resources in accordance with the JORC code at its projects at Lennons Find, (Cu-Ag-Pb-Zn-Au), and most recently at Rasuhuilca in Peru (Au-Ag). The Company is focused on the systematic exploration of its project areas, and further definition and expansion of its resource base at its advanced projects.

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