ZEOTECH LIMITED — Capital/Financing Update 2013

Sep 8, 2013

9 September 2013

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Completion of Shortfall of Entitlements Offer and Placement of Options

Highlights:

• Entitlement Offer and Placement of Options raises $961,645

• Funds targeted for completion of community agreements and obtaining drilling permit

Laconia Resources Limited (ASX: LCR) (“ Laconia ” or “ the Company ”) refers to its announcement on 7 June 2013 regarding its re-issued prospectus for an entitlement issue of (1) share (New Share) at an issue price of 1 cent per New Share for every three (3) shares held on the 19 June 2013, together with one (1) free attaching option exercisable at $0.06 each on or before 30 September 2018 for every one (1) New Share subscribed for and issued (New Option) (Entitlement Offer), to raise a maximum of $915,852. The prospectus also provided for the issue of 45,792,649 options (Placement Options) exercisable at $0.06 each on or before 30 September 2018 at an issue price of $0.001 per Placement Option to raise $45,793. Shareholders approved the issue of the Placement Options at a general meeting held on 21 June 2013.

The Company is pleased to confirm the finalisation of the shortfall comprising 59,091,930 New Shares and New Options. The Company previously announced on 9 July 2013, it had received valid applications for 32,493,270 New Shares and New Options raising $324,933. In addition the Company also confirms the issue of 45,792,649 Placement Options.

Funds raised (before costs of the offer) through the shortfall of the Entitlement Offer and the Issue of the Placement Options is $636,712. The Directors of Laconia express their appreciation for the support provided by participants in the capital raising.

The funds raised from the Entitlement Offer and Shortfall will be predominately used for completion of Community Access Agreements and obtaining drilling permit for Rasuhuilca copper-gold-silver Project.

Laconia is also pleased to report continued progress in its permitting process for drilling and prioritisation for drilling recently identified copper targets[1] . Laconia’s increasingly systematic review of historical sample and drill data as well as interpretation of recently acquired ‘state of the art’ satellite alteration data points to a high fully intact high sulphidation copper gold-silver system with strong potential for an underlying mineralised copper porphyry system or associated deposits.

1 Refer ASX Release 23 August 2013

Laconia is also pleased to report continued progress in its permitting process for drilling and prioritisation for drilling recently identified copper targets[2] and will update the market accordingly as this progresses.

Laconia’s priority initial drilling programme has been designed to test these copper targets once all necessary drilling and community approvals have been obtained.

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Figure 1: Identified copper zones and priority copper drilling targets

2 Refer ASX Release 23 August 2013

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Since the acquisition of the Rasuhuilca Project in July 2012, Laconia has compiled a database that contains greater than 3,000 channel samples from approximately 5km of underground development and adits, and more than 40 diamond drill holes, plus associated survey and assay data. Increasingly, Laconia’s systematic review of data has highlighted the copper potential of the Rasuhuilca Project area in addition to the existing gold-silver epithermal vein systems that are extensively developed at the Rasuhuilca Project.

Laconia has a 100% interest in the Rasuhuilca copper-gold-silver project in Southern Peru and its exploration efforts have become focused on its Latin American assets. The Company remains committed to gaining social licence in its sphere of activity to further explore and develop its flagship Rasuhuilca Project in Peru.

*ENDS***

For further information please contact:

Ian Stuart

Managing Director

Laconia Resources

P: +61 8 9486 1599 E: istuart@laconia.com.au www.laconia.com.au

About Laconia Resources Limited

ASX Listed Laconia Resources Limited (ASX: LCR) is a Perth-based precious and base metals exploration and development Company with a Latin American focus. The Company’s flagship Rasuhuilca Project in Peru is an advanced copper-gold-silver project in the Ayacucho region of Southern Peru, across 4 permits covering 27.65 km[2] . In addition, the Company has gained access to a further 11 contiguous permits through an Option Agreement, covering 62.22 km[2] . The total area of 89.87 km[2] hosts the entire Ccarhuaraso volcanic system that is proven to host high sulphidation epithermal copper gold and silver.

In Western Australia, the Company has a portfolio of advanced mineral projects in the Murchison and Pilbara regions, across 22 granted tenements covering an approximate 1,153 km[2] .

Competent Persons Statement

Rasuhuilca Project Peru

The information in this announcement that relates to Exploration Results is based on, and fairly represents, information and supporting documentation prepared by Mr Vincent Algar, a Competent Person who is a Member of the Australasian Institute of Mining and Metallurgy. Mr Algar is a Non-Executive Director and consultant of Laconia Resources Limited and has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity currently being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Mr Algar consents to the inclusion in this announcement of the matters based on his information in the form and context in which it appears.

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