ZEOTECH LIMITED — Capital/Financing Update 2013

Feb 13, 2013

==> picture [596 x 99] intentionally omitted <==

13 February 2013

Laconia Consolidates 701 Mile Project Ground Position

Highlights:

• Deal completes tenement rationalisation with Shaw River Manganese on 701 Mile and Barramine Projects

• Laconia’s local exploration knowledge will be applied to expanded 701 Mile Project.

• Further strengthens Laconia’s ability to focus on near-term development potential at flagship Rasuhuilca Project, Peru

Perth based exploration company Laconia Resources Limited ( ASX: LCR ) (“ Laconia ” or “ the Company ”) is pleased to announce it has entered into a Mining Property Sale Agreement with Shaw River Manganese (ASX: SRR) (“Shaw River”) divesting Laconia’s Barramine tenements and consolidating its ground position at its 701 Mile Project. Terms of the transaction are as follows:

Laconia has agreed to sell and Shaw River has agreed to buy:

• Three Barramine tenements (E45/3233, E45/3234, E45/3312), together with all information in relation to those tenements which is currently in the possession of Laconia.

• A 2.5% revenue royalty on 701 Mile tenements (E52/2688, E52/2232) for Iron and Manganese only.

• A 2.5% revenue royalty on Weelarana tenements (E52/2664, E52/2702) for “All Minerals”.

In addition, Shaw River has agreed to sell and Laconia has agreed to buy:

• Shaw River’s 70% Iron and Manganese mineral rights over 701 Mile tenements (E52/2688, E52/2232), together with all information in relation to those tenements which is currently in the possession of Shaw River.

• The Weelarana tenements (E52/2664, E52/2702) including all mineral rights, together with all information in relation to those tenements which is currently in the possession of Shaw River.

• A 2.5% revenue royalty on base and precious metals on the Barramine tenements (E45/3233, E45/3234, E45/3312).

• Shaw River will waive its first right of refusal with Pandell Pty Ltd in respect of its 30% Iron and Manganese mineral rights on 701 Mile tenements (E52/2688, E52/2232).

Laconia’s Managing Director Ian Stuart commented: “The Company is delighted to have reached a mutually beneficial agreement with Shaw River. It enables Laconia to further rationalise its Western Australian tenement packages and further concentrate on the near–term development of its flagship Rasuhuilca gold-silver Project in Peru. The broadly clustered nature of silver anomalism along a 25 kilometre strike length at 701 Mile Project is considered to be highly significant. The Project has outstanding exploration potential, and the Company will continue to explore utilising state-of-the-art exploration techniques”.

==> picture [596 x 111] intentionally omitted <==

Laconia Resources Limited – February 2013 ASX/Media Release

About the 701 Mile Project

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 now has an 80% interest in base and precious metals and a 70% interest in manganese and iron on its existing tenements. Laconia holds 100% interest in all minerals on the acquired Weelarana tenements. The acquisition of the two Weelarana tenements bring the total tenement are to 944 km[2] .

The region hosts a number of significant discoveries, which include base metals deposits at ‘Kumarina’ and ‘Abra’ as well as Independence Group’s (ASX:IGO) Karlawinda Gold Project. Independence Group recently reported an Inferred Mineral Resource at the Karlawinda Gold Project of 18.5Mt @ 1.1g/t gold for 674,300 ounces of contained gold[1] .

Laconia’s exploration programs at the 701 Mile Project to date (auger geochemical programs, geological mapping and aeromagnetic interpretation) indicate considerable potential for various mineralisation styles including: structurally controlled polymetallic lodes and veins associated with faults and the margins of mafic intrusives.

The Company has completed two recent exploration programs with surface auger sampling and geochemical sampling identifying highly anomalous silver grades up to a maximum of 20 g/t silver from surface auger samples[2] . Silver anomalism and associated lead anomalism at the project extends for a strike length greater than 25km in length, indicative of a large mineralizing system .

Laconia was also granted $150,000 in funding for its 701 Mile project in a co-founding arrangement under the WA State Government Exploration Incentive Scheme in June 2012[3] . Laconia will be required to match the $150,000 funding grant on a dollar-for-dollar basis on direct drill spending at 701 Mile.

==> picture [291 x 273] intentionally omitted <==

Figure 1: Tenement location plan. Grid used is GDS94, Zone 50.

1 Refer to Independence Group NL ASX announcement 28 June 2012.

2 Refer to ASX Release 10 July 2012

• 3 Refer to ASX Release 15 June 2012

==> picture [596 x 65] intentionally omitted <==

2

Laconia Resources Limited – February 2013 ASX/Media Release

ENDS

For further information please contact:

Ian Stuart

Sam Burns

Managing Director Media and Investor Relations Laconia Resources Six Degrees P: +61 8 9486 1599 M: + 61 400 164 067 E: istuart@laconia.com.au E: sam.burns@sdir.com.au

or visit our website at www.laconia.com.au

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 26 granted tenements covering an approximate 1,589 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).

==> picture [596 x 65] intentionally omitted <==

3