ZEOTECH LIMITED — Capital/Financing Update 2014

Mar 27, 2014

28 March 2014

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TRANCHE 1 PLACEMENT COMPLETED

Laconia Resources Limited (ASX: LCR) (“ Laconia ” or “ the Company ”) refers to its announcement of 25 March 2014 in which it announced it had resolved to raise $885,500 via an equity capital raising through the issue of 110,000,000 ordinary shares at an issue price of $0.008. (“ Placement ”)

The Company advises it has issued 51,058,389 fully paid ordinary shares which completes Tranche 1 of the Placement of 82,500,000 ordinary shares. The 51,058,389 ordinary shares have been issued in accordance with ASX Listing Rule 7.1 raising $408,467.11. The shares issued under the Placement have a free attaching option, on the basis of one option for every two shares subscribed for and issued. The issue of options that attach to the shares is subject to shareholder approval.

Managing Director Ian Stuart said: “The Company is delighted to secure funding and will commence exploration programs and preparation for drilling immediately. We believe the Kimsa Orcco Project is large mineralised Copper Gold Silver porphyry system with enormous potential and we look forward to testing this in the near future. ”

Tranche 2 of the Placement, which will be subject to shareholder approval, will consist of the issue of:

• the 27,500,000 ordinary shares,

• the 55,000,000 free attaching options exercisable at $0.06 each on or before 30 September 2018, and

• the 55,000,000 options exercisable at $0.06 each on or before 30 September 2018 at an issue price of $0.0001 per option.

Notice of a General Meeting of the Company, expected to be held during May 2014, will be sent to all shareholders shortly. Tranche 2 will raise an additional $225,500 in equity capital.

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Notice under Section 708A

The Company gives notice pursuant to section 708A(5)(e) of the Corporations Act 2001 (Cth)

( Corporations Act ) that:

1. the Company issued the shares without disclosure under Part 6D.2 of the Corporations Act; and

2. as at the date of this notice, the Company has complied with:

3. a) the provisions of Chapter 2M of the Corporations Act as they apply to the Company; and

4. b) section 674 of the Corporations Act; and

5. as at the date of this notice, there is no information to be disclosed which is excluded information (as defined in section 708A(7) of the Corporations Act) that is reasonable for investors and their professional advisers to expect to find in a disclosure document.

*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 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% owned Laconia Resources Limited’s 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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