ZEOTECH LIMITED — Capital/Financing Update 2015

Nov 11, 2015

Level 45, 108 St Georges Terrace, Perth, WA, 6000, Australia PO Box 1151, West Perth, WA, 6872, Australia T : +61 8 9486 7066 F : +61 9486 8066

==> picture [286 x 72] intentionally omitted <==

12 November 2015

Dear Option Holder

Non-Renounceable Rights Issue of Shares

On 9 November 2015, the directors of Laconia Resources Limited ( Company ) announced a one (1) for three (3) pro rata non-renounceable rights issue ( Rights Issue ) to shareholders.

The Rights Issue will be offered to existing eligible shareholders on the basis of one new share ( New Share ) for every three shares held at the record date, at an issue price of $0.002 per share, to raise up to approximately $490,175 before costs.

The Company is making the Offer available to eligible shareholders, being persons who are registered as shareholders of the Company on the Record Date and have a registered address in Australia or New Zealand.

Based on the Company’s current issued capital the Rights Issue will result in up to 245,087,553 New Shares being issued, increasing the total issued share capital on completion of the Rights Issue, assuming it is fully subscribed, to 980,350,213 shares.

The Company has set 5.00pm WST on 19 November 2015 as the Record Date for the purpose of determining shareholders entitled to participate in the Rights Issue.

Under the terms of the options you currently hold, there is no entitlement to participate in the Rights Issue, unless you convert your options and are entered onto the register as a shareholder on or before the Record Date.

If you wish to participate in the Rights Issue, it will be necessary for you to exercise all or part of your options, and the shares issued on the exercise of those options must have been allotted to you before the Record Date. If you wish to do so, you should complete a Notice of Exercise of Options and lodge that notice with the Company, together with your payment for the number of shares you wish to take up on or before the Record Date of 19 November 2015.

If you wish to clarify any taxation consequences relating to the exercise of your options, please consult with your professional advisers.

If you do not wish to participate in the Rights Issue in respect of your options, you do not need to take any action.

If you require further information please contact the company on (08) 9486 7066 during normal business hours.

Yours faithfully

==> picture [86 x 38] intentionally omitted <==

N J Bassett Company Secretary

==> picture [595 x 70] intentionally omitted <==