ZEOTECH LIMITED — Capital/Financing Update 2012

Jun 14, 2012

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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

15 June 2012

Laconia Awarded Government Co-funded Exploration Grant for 701 Mile Project

Perth based exploration company Laconia Resources Limited (ASX: LCR) is pleased to announce it has been granted $150,000 in funding for its 701 Mile project in a co-funding arrangement under the WA State Government Exploration Incentive Scheme.

Laconia will be required to match the $150,000 funding grant on a dollar-for-dollar basis on direct drill spending at 701 Mile.

The Company is delighted by this further recognition of the prospectivity of the 701 Mile project and the further validation of its innovative exploration programs conducted on the project to date[1] .

Laconia plans to expand its auger drill coverage and also conduct an infill auger drill program at 701 Mile during 2012. It will then undertake geophysical surveys over the most promising areas.

The co-funded drill testing of coincident geochemical and geophysical targets is planned for Q2, 2013 (see figure 1 for silver anomalism in augers and infill auger drilling targets).

The 701 Mile project consists of two granted exploration licences covering a contiguous area of 342 km[2] , and is located approximately 80 km southeast of Newman in WA. The Company has 100% interest in all minerals other than manganese and iron.

The region hosts a number of significant discoveries which include base metals deposits at ‘Kumarina’ and ‘Abra’, as well as basement-hosted gold at ‘Karlawinda Bore’.

Laconia’s exploration programs at the 701 Mile project to date (auger geochemical programs, geological mapping and aeromagnetic interpretation) indicate that the project has considerable potential for various mineralisation styles. These include:

• Copper-Nickel-Platinum Group Elements sulfide mineralisation associated with the basal sections of large mafic sills,

• Structurally controlled polymetallic lodes and veins associated with faults and the margins of mafic intrusives,

• Rare Earth Element deposits in discrete alkaline intrusives,

• Gold developed at depth in basement Archaean greenstones.

The project is located proximal to the regional scale Tangadee Lineament and is hosted within sedimentary rocks and mafic intrusives of the Collier Basin.

The Collier Basin and the Edmund Basin overlie basement rocks that were deformed and/or metamorphosed during the Capricorn Orogeny, which resulted from the collision of the Pilbara and Yilgarn Cratons, and the basins are overprinted by multiple tectonic events (see figure 2 for conceptual crosssection).

ENDS

1 Refer to Laconia Quarterly Report March 2012

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

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 .

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Figure 1: 701 Mile Silver anomalism and fill auger drilling targets May 2012

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Figure 2: Conceptual cross-section looking NE across the 701 Mile project.