ZEOTECH LIMITED — Capital/Financing Update 2013

Jun 6, 2013

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7 June 2013

Updated Pro-rata Non-renounceable Entitlement Issue and Placement

Laconia Resources Limited (ASX: LCR) (“ Laconia ” or “ the Company ”) advises that that further to its announcement on 6 June 2013, that the Board of Directors has resolved to re-issue its pro-rata non-renounceable entitlement issue and placement prospectus on the following basis:

1. a non-renounceable entitlement issue of one (1) new Share for every three (3) Shares held by those Shareholders registered at the Record Date at an issue price of $0.01 per Share to raise up to $915,852 (based on the number of Shares on issue as at the date of this Prospectus) ( New Shares ) (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 )) ( Offer );

and

1. the issue by way of placement of 45,792,649 options exercisable at $0.06 each on or before 30 September 2018 at an issue price of $0.001 per option ( Placement Options ) to raise up to $45,793. Following the Company’s June 2013, the Board of Laconia Resources Limited (“ Laconia ” or “ the Compan y”) has resolved to re-price the non-renounceable rights issue of up to 91,585,297 new fully paid shares in the Company ( New Shares ) at an issue price of $0.01 on the basis of one (1) New Share for every three (3) shares held on the 19 June 2013 ( Record Date ), 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) ( Rights Issue ).

The Rights Issue is being made to all holders of fully paid ordinary shares in the capital of the Company ( Shares ) named on its register of members at 5.00pm (WST) on the Record Date whose registered address is in Australia or New Zealand ( Eligible Shareholders ).

New Shares will rank equally with all Shares already on issue.

The Rights Issue is not underwritten. Indian Ocean Capital Pty Ltd has been appointed Lead Manager to the Rights Issue and Placement.

A Prospectus relating to the Rights Issue ( Prospectus) will be sent to Shareholders on 20 June 2013. A copy of the Prospectus will be available on the ASX’s and the Company’s website.

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Use of Funds

The Rights Issue and Placement will raise a maximum of $961,645 before costs of the Offer. The Company intends to apply the funds raised from the Rights Issue to:

• (a) Completion of Community Access agreements and obtaining drilling permit for Rasuhuilca gold-silver project;

• (b) Repayment of short term finance facility (if drawn);

• (c) Completion of a resource update for Rasuhuilca gold-silver project;

• (d) Expenses of the Offer and Placement; and

• (e) Working capital and project evaluation.

Details of the application of funds raised is detailed in the Prospectus.

It is important to recognise that the use of funds may be subject to change in line with results, circumstances and other opportunities.

Timetable

Timetable
Event	Date
Lodgement of Prospectus with the ASIC	7 June 2013
Lodgement of Prospectus & Appendix 3B with ASX	7 June 2013
Notice sent to Optionholders	7 June 2013
Notice sent to Shareholders	11 June 2013
Ex date	13 June 2013
Record Date for determining Entitlements	19 June 2013
Prospectus despatched to Shareholders & Company announces despatch has been completed	20 June 2013
Closing Date for the Offer and the Placement	4 July 2013
Securities quoted on a deferred settlement basis	5 July 2013
ASX notified of under subscriptions	9 July 2013
Issue and despatch of holding statements	11 July 2013
Deferred settlement trading ends	11 July2013
Quotation of Securities issued under the Offer	12 July 2013

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• Subject to the Listing Rules, the Directors reserve the right to extend the closing date of the Rights Issue at their discretion. Should this occur, the extension will have a consequential effect on the anticipated date of issue for the New Shares.

Yours sincerely

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Ian Stuart

Manager Director

LACONIA RESOURCES LIMITED

ENDS

For further information please contact:

Ian Stuart

Managing Director Laconia Resources Limited 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 emerging precious and base metals exploration and development Company with a South American focus. The recently acquired Rasuhuilca goldsilver development project in Peru complements the Company’s existing portfolio of precious and base metal projects in Western Australia.

In Western Australia, the Company has a portfolio of advanced mineral projects in the Murchison and Pilbara regions, across 24 granted tenements covering an approximate 987 km[2] . The Company has determined JORC Compliant Resources at its Lennons Find Project, (Cu-Ag-Pb-Zn-Au), and more recently its Rasuhuilca Project in Peru (Au-Ag).

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