ZEOTECH LIMITED — Capital/Financing Update 2013

Apr 28, 2013

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29 April 2013

Laconia Announces Shareholder Entitlement Offer

and Placement raising $1.4M

Highlights:

• 1 – for – 3 Non-renounceable Entitlement Offer (including 1 free option for every 2 Entitlement Shares subscribed for)

• Funds raised to enable Laconia pursue the finalisation of Community Access agreements prior to planned drilling at Flagship Rasuhuilca Project, Peru

• Completion of Resource update on Rasuhuilca Project planned for the current quarter

• Compliments Board decision to implement cost cutting initiatives and review core expenditure

Laconia Resources Limited (ASX: LCR) (“ Laconia ” or “ the Company ”) is pleased to announce that it has resolved to raise approximately A$1.4M through an entitlement share and option plan issue and placement of options (together Capital Raising).

Proposed Transaction

The proposed transaction comprises:

1. a proposed non-renounceable pro rata entitlement issue of 91,585,297 fully paid ordinary shares in the Company (Shares) at an issue price of $0.015 per Entitlement Shares , together with one free attaching option to acquire a Share (Option) for every two Entitlement Shares subscribed for, exercisable at $0.06 on or before 30 September 2018 (Entitlement Options), to shareholders of the Company, raising $1,373,780 (Entitlement Offer); and

2. a proposed placement of 45,792,649 Options, exercisable at $0.06 on or before 30 September 2018 (Placement Options) at an issue price of $0.001 per Placement Option, raising $45,793 (Placement), together Capital Raising.

Mr Ian Stuart the Company’s Managing Director said “Despite the challenging financial market conditions it is pleasing to announce the Capital Raising which is aimed at rewarding supportive shareholders as well as welcoming some new security holders. The Company has delivered a significant additional asset with the signing of the Huaco Cucho Option agreement.”

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Mr Stuart added: “We expect this Capital Raising to lead to the conclusion of long-term sustainable Community Access agreements, a process, which is the remaining item prior to formally obtaining the necessary drilling approvals at the Rasuhuilca Project and thereafter rapid progress in exploration.”

Use of Proceeds

The Capital Raising proceeds will enable the Company to focus on finalising the necessary Community Access Agreements required prior to regulatory approval being granted to execute the planned drilling campaign. The funds will also be applied to completion of a resource update focussing on a re-modelling of the Rasuhuilca GoldSilver Resource and inclusion of new Copper-Gold-Silver targets defined recently by the Company.

Board Announces Review of Operations

As an integral part of the Company’s ongoing operations, and in recognition of the current uncertainty in global financial markets, the Board has resolved to a review of its current cost structures and implement certain cost saving measures including a temporary reduction of executive and non-executive remuneration. The Board remains committed to success at the flagship Rasuhuilca project and will announce details of the outcome of this review of operations once the review has been completed. During this period, the Company will also seek potential Joint Venture partners.

Lead Manager

Indian Ocean Capital Pty Ltd will act as Lead Manager for the Capital Raising. Further information regarding the Entitlement Issue, including the proposed timetable, will be announced once the prospectus and additional information is completed.

ENDS

For further information please contact:

Ian Stuart

Managing Director

Laconia Resources Limited

P: +61 8 9486 1599

E: istuart@laconia.com.au

or visit our website at 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.

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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