ZEOTECH LIMITED — Capital/Financing Update 2014

Mar 24, 2014

25 March 2014

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$0.88 MILLION PLACEMENT

Highlights

 Placement raises $885,500

 Funds to progress Company’s maiden field exploration programs in Peru

Laconia Resources Limited (ASX: LCR) (“ Laconia ” or “ the Company ”) is pleased to announce it has resolved to raise $885,500 via an equity capital raising (“Placement”) in accordance with Section 708 of the Corporations Act, 2001. CPS Capital Group Pty Ltd has been appointed Lead Manager to the Placement.

The funds raised through the Placement will be used primarily to progress the exploration programs of the Company at its flagship Kimsa Orcco Project in Peru including meeting related option obligations[1] as well as providing working capital.

The Company has recently announced it has obtained the necessary Social License[2] and that it is expecting final drill approval in early April 2014[3] , enabling it to commence its maiden drilling program in Peru. Surface geochemical studies over the Favi Vent zone, and at the Northern Kimsa Orcco prospects[4] , will further characterise the zones of alteration, and allow finer vectoring to the centre of the altered systems, in preparation for drill testing for copper porphyry mineralisation.

Managing Director Ian Stuart said: “Laconia looks forward to commencing sampling and mapping programs in April in anticipation of its maiden drilling campaign.”

1 Refer ASX Release 26 March 2013 2 Refer ASX release 4 March 2014

3 Refer ASX Release 5 March 2014

4 Refer ASX Release 11 March 2014

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Details of the Placement

Under the Placement, 110,000,000 ordinary shares will be offered at an issue price of $0.008, together with one (1) free attaching option exercisable at $0.06 each on or before 30 September 2018 for every one (1) ordinary share subscribed for and issued. A further 55,000,000 options exercisable at $0.06 each on or before 30 September 2018 will also be placed at an issue price of $0.0001.

The Placement is being completed in two tranches with up to 82,500,000 ordinary shares being issued pursuant to the Company’s 15% capacity under ASX Listing Rule 7.1 and it’s 10% capacity pursuant to ASX Listing rule 7.1A in Tranche 1.

Tranche 2, which will be subject to shareholder approval will comprise placement 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.

*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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