AIM Admission

Landore Resources Limited
06 April 2005




6 April 2005

                           Landore Resources Limited
                                Admission to AIM
           Placing of 28,571,429 Ordinary Shares at 7 pence per share

Landore Resources Limited ('Landore' or 'the Company' or, together with its
subsidiaries, 'the Group'), which is involved in mineral exploration and
development, predominantly in Eastern Canada, announces the admission today of
its ordinary shares of 1p each in the Company ('Ordinary Shares') to trading on
AIM under the ticker symbol LND.L.

Landore has raised £2 million gross (£1.625 million net of expenses) through the
placing of 28,571,429 new Ordinary Shares ('Placing') at 7 pence per share
('Issue Price') to certain of the Directors, institutions and other investors.
Based on the total number of shares in issue of 85,881,310, Landore is
capitalised at approximately £6 million, at the Issue Price. Strand Partners
Limited is acting as the Group's Nominated Adviser and W.H. Ireland as its
Broker.

Enquiries, please contact:

William Humphries/Richard Prickett
Landore Resources Limited
020 7409 7444

Simon Raggett/Angela Peace
Strand Partners Limited
020 7409 3494

This announcement does not constitute, or form part of, any offer or invitation
to sell, allot or issue, or any solicitation of any offer to purchase or
subscribe for, any securities, nor shall it (or any part of it) or the fact of
its distribution form the basis of, or be relied upon in connection with, or act
as any inducement to enter into, any contract or commitment for securities,
which should only be made on the basis of information contained in the admission
document issued in connection with the Placing.

Notes to editors
KEY INFORMATION

Introduction and History

Landore is the holding company of Landore Resources Inc ('Landore Canada'), a
Canadian based company engaged in mineral exploration and development, with the
present focus of its operations being mineral exploration in Ontario, Quebec and
New Brunswick, Canada. Landore Canada's principal properties are the 'Junior
Lake Property' and the 'Miminiska Lake Property', both located in the Thunder
Bay Mining District, Ontario, Canada. Landore Canada is also the owner of other
properties in Canada containing gold and base metal drill intersections.

Landore is a newly incorporated company, formed in February 2005 for the purpose
of effecting a court approved arrangement ('Arrangement') with Landore Canada
pursuant to which the Company's shares have been admitted to trading on AIM.
Pursuant to the Arrangement all of the Landore Canada shareholders have
exchanged the shares that they held in Landore Canada for Ordinary Shares in the
Company and the Company is now the sole shareholder of Landore Canada.

Landore Canada was incorporated in March 1996 and has a wholly owned subsidiary,
Brancote US Inc, which holds 10 mineral properties in Nevada in the US. These
properties include grass roots exploration areas as well as defined drill
targets. Landore Canada has financed its activities to date principally through
a series of private placements. The funds previously raised by Landore Canada
have been used to finance exploration and development activities on Landore
Canada's properties in Canada and the US.

Strategy and Prospects

The Group's objective is to become a successful mineral explorer and create
capital growth for Shareholders through the discovery of economic mineral
deposits.

Landore Canada will continue to focus on the continuing exploration of the
Junior Lake Property and the Miminiska Lake Property. The funds raised in
connection with the Placing will be used to explore and develop Landore Canada's
properties and fund the Group's general and administrative expenses.

During the second half of 2005, the Directors intend to establish a natural
resources fund administered from an offshore jurisdiction and managed by the
Group. The objectives of the fund will be to identify development stage projects
in the natural resources sector that are possibly, but not exclusively, seeking
a flotation onto AIM. The Directors believe that with their background and track
record in the natural resources sector and network of contacts they are well
placed to launch such a fund and to add significant value to any such
investments. It is intended that Landore would receive fees and performance
related remuneration in return for the management and administration of the
proposed natural resources fund.

Background to and reasons for Admission

Given that the majority of Landore Canada's shareholders were based in the UK
and Europe and in light of the executive management's experience in London,
specifically through AIM listed companies, the Board decided to de-list the
shares in Landore Canada from the TSX-V, to implement the Arrangement and to
apply for the Ordinary Shares to commence trading on AIM.

The Board believes that admission of the Company's shares to trading on AIM will
provide a number of benefits to Shareholders, including the opportunity to raise
further exploration funds in the future. Whilst the Company has no current plans
for raising additional capital following completion of the Placing, it is
possible that it will seek to raise further funds in the future.

The Board also believes that a listing on AIM will result in greater
institutional support being available to the Company and better retail
shareholder interest, which in turn will improve liquidity in the Company's
Ordinary Shares, providing a mechanism for shareholders to realise value and
trade their shares if they so wish.

Details of the Placing

So as to provide additional funding for the ongoing working capital requirements
of the Group and for further exploration and development expenses on in respect
of the Miminiska Lake and Junior Lake properties which the Company expects to
incur, the Company has raised £2 million gross (£1.625 million net of expenses)
by the issue of 28,571,429 Ordinary Shares ('Placing Shares') pursuant to the
Placing.

The Company's brokers, W.H. Ireland, have placed the Placing Shares with certain
of the Directors and institutional and other investors at the Issue Price.
William Humphries (Chairman), Richard Prickett (Chief Executive Officer) and
Charles Wilkinson (Non-executive Director) have subscribed for, in aggregate,
4,142,857 Placing Shares pursuant to the Placing, representing an aggregate
investment by the Directors of £290,000, at the Issue Price. The Placing Shares
represent 33.3 per cent. of the enlarged issued share capital of the Company.

Exchange procedures, admission, settlement and dealings

The Directors have applied for the Ordinary Shares to be admitted to CREST with
effect from today and CRESTCo has agreed to such admission. Accordingly,
settlement of transactions in the Ordinary Shares may take place within the
CREST system if the relevant shareholder so wishes. CREST is a paperless
settlement procedure enabling securities to be evidenced other than by
certificate and transferred other than by written instrument.

CREST is a voluntary system and holders of Ordinary Shares who wish to receive
and retain share certificates will be able to do so.

Any share certificate which represented an outstanding share in Landore Canada
that has been exchanged for an Ordinary Share has ceased to represent a claim or
interest of any kind or nature against Landore Canada and now represents only
the right to receive share certificates for the Ordinary Shares. Former
shareholders in Landore Canada are now entitled to receive share certificates in
respect of the Ordinary Shares to which such holders are entitled. The Ordinary
Shares will be registered in the names of the relevant shareholders and it is
expected that certificates in respect of the Ordinary Shares will be dispatched
to relevant Shareholders by first class post at their own risk by 15 April 2005
or, if appropriate, delivery will be made to their CREST accounts.

Pending the issue of definitive share certificates in respect of the Ordinary
Shares (other than in respect of those shares settled through CREST), transfers
will be certified against the register.

Copies of the AIM admission document are available to the public free of charge
during normal business hours on any day (Saturdays, Sundays and public holidays
excepted) at the registered office of Landore at La Tonnelle House, Les Banques,
St. Sampson, Guernsey GY1 3HS and at the offices of Lawrence Graham LLP, 190
Strand, London WC2R 1JN for a period of one month.



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