ZEOTECH LIMITED — Capital/Financing Update 2013

May 15, 2013

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16 May 2013

PRO-RATA NON-RENOUNCEABLE ENTITLEMENT ISSUE AND PLACEMENT – DESPATCH OF PROSPECTUS COMPLETED

Laconia Resources Limited ( ASX:LCR ) (" Laconia " or " the Company ") advises that it has completed the despatch of its prospectus in respect of its:

• (a) pro-rata non-renounceable entitlement issue of 1 fully paid ordinary share in the capital of the Company (Share) for every 3 Shares held (together with 1 free attaching option, exercisable at $0.06 each on or before 30 September 2018 for every 2 new Shares subscribed for) at an issue price of $0.015 per Share, to raise up to approximately $1,373,780; and

• (b) 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 to raise up to $45,793.

If you have any queries concerning the above matters, please contact your financial advisor or the Company Secretary Mr Matthew Edmondson on +61 8 9486 1599.

Yours sincerely

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Ian Stuart Manager Director LACONIA RESOURCES LIMITED

ENDS

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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 Company now has a Peruvian project portfolio covering 8,387 Ha, including the Rasuhuilca gold-silver development project, in addition to the Company’s portfolio of precious and base metal projects in Western Australia. A Feasibility Study was completed at Rasuhuilca in 2008 and Laconia aims to bring it 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 955km[2] . The Company has determined JORC compliant resources 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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