ZEOTECH LIMITED — Capital/Financing Update 2012

Sep 2, 2012

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3 September 2012

Laconia Announces Placement and Shareholder Entitlement Offer

Perth based exploration company Laconia Resources Limited ( ASX: LCR ) (“ Laconia ” or “ the Company ”) is pleased to announce it has completed a placement of 23,643,751 million fully paid ordinary shares in the Company at an issue price of 2 cents per share to raise approximately $0.47 million (Placement).

The Placement, made to sophisticated and professional investors, occurred pursuant to the Company’s 15% placement capacity under ASX Listing Rule 7.1 and accordingly shareholder approval will not be sought.

In recognition of shareholder support, Laconia is also pleased to announce that it also intends to offer a fully underwritten non-renounceable Shareholder Entitlement Rights Issue (Rights Issue) of one (1) new share for every two (2) existing shares held by shareholders at an issue price of $0.02 per share. The Rights Issue will raise approximately A$1.81 million (before costs of the Issue) and result in the issue of 90,634,380 new shares.

At the end of the June 2012 quarter, the Company had $0.9 million in cash at bank. The Placement and the Rights Issue will enable the Company to complete its next phase of exploration, including its recently announced 2,200m underground diamond drilling program at its Peru Rasuhuilca Project. This drilling program is designed to test mineralisation between the existing mine levels, and thus validate the existing resource model.

Indian Ocean Capital (IOC) acted as lead manager to the Placement. IOC will also act as lead manager to the Rights issue, and underwriter subject to finalisation of agreements with subunderwriters.

Further information regarding the Rights Issue, including the proposed timetable, will be announced as soon as documentation is finalised.

*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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About Laconia Resources

Laconia Resources 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 Laconia aims to bring it into production as a highgrade, 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. The company 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 targeted exploration of its project areas, and further definition and expansion of its Resource base at its advanced projects.

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