ZEOTECH LIMITED — Capital/Financing Update 2014

Mar 24, 2014

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25 March 2014

PARTIAL COMPLETION OF TRANCHE 1 PLACEMENT

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 (“ Placement ”).

The Company advises it has today issued 31,441,611 fully paid ordinary shares (“ Initial Placement ”) out of a total planned Tranche 1 issue of 82,500,000 ordinary shares. The 31,441,611 ordinary shares have been issued in accordance with ASX Listing Rule 7.1A at an issue price of $0.008 per share raising $251,532.89. 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 options have an exercise price of $0.06 per option and are exercisable on or before 30 September 2018. The issue of options that attach to the shares is subject to shareholder approval at a general meeting planned to be held in May 2014.

Information required under ASX Listing Rule 3.10.5A

Further to the issue of the appendix 3B dated 25 March 2014 for the issue of the shares under the Initial Placement, Laconia provides the following information as required under ASX Listing Rule 3.10.5A:

• Dilution to existing shareholders as a result of the Initial Placement under Listing Rule 7.1A is 7.76%.

• Details of the approximate percentage of Laconia’s issued capital following the completion of the Initial Placement (issue of 31,441,611 shares) held by the pre-Placement security holders and new security holders is set out as follows:

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Pre-Placement security holders who did not participate in 86.25% the Initial Placement Pre-Placement security holders who did participate in the 9.46% Initial Placement Participants in the Initial Placement who were not 4.29% previously security holders

• a) CPS Capital Group Pty Ltd (“ CPS ”) has been engaged as lead manager and broker

for the Placement. Laconia will pay CPS 6% (plus GST) of the total funds raised under the Placement as a brokerage fee,

• b) Laconia issued new shares as a placement under Listing Rule 7.1A as it (in consultation with CPS) considered a placement to be the most appropriate and effective transaction for Laconia to raise funds for exploration and general working capital.

• c) No underwriting arrangements are in place for the Placement.

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

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1. 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

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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