ZEOTECH LIMITED — Capital/Financing Update 2014

Nov 18, 2014

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19 November 2014

Company Update

Laconia Resources Limited (ASX Code: LCR) ( Laconia or the Company ) provides the following update concerning its Kimsa Orcco Project in Peru.

Administrative Appeal against Drilling Approval

Laconia has received notification of an administrative appeal hearing against its Kimsa Orcco drilling approval. The matter is set down to be heard on 25 November 2014 before the Mining Council (Consejo de Mineria), part of the Ministry of Mines. The Company believes the appeal will be dismissed and the Company will defend its position vigorously against what it sees as a vexatious claim.

The Company will advise the market of the outcome of the administrative appeal, once the decision is received.

Kimsa Orcco and Corporate Update

The Kimsa Orcco project has continued to attract inbound interest from industry participants resulting in a number of confidential discussions taking place. A number of parties have commented on the high quality of data, both from the work undertaken by previous explorers and Laconia. A number of parties are presently at various stages of due diligence and review of the data and the Kimsa Orcco project.

The Company believes that partnership at a project level is an important and prudent way of unlocking shareholder value in the Company, in these difficult times of raising equity capital. In early November 2014, interested parties visited the Kimsa Orcco Project and Laconia continues to work with these parties.

The Company continues in its efforts to seek further capital to enable exploration work to continue as planned.

*ENDS***

Email: info@laconia.com.au

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 Kimsa Orcco Project in Peru is an advanced copper-gold-silver project in the Ayacucho region of Southern Peru, across four 100% Laconia Resources Ltd permits covering 27.65 km[2] and a further 11 contiguous permits through an 80% earn in option agreement, covering 56.22 km[2] . The total area of 83.87 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 mineral projects across two granted tenements covering an approximate 98.7 km[2] in the Pilbara and Northern Gascoyne regions.

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