Drilling Report

Landore Resources Limited
12 October 2005


12 October 2005

LANDORE RESOURCES LIMITED

                     DRILLING JUNIOR LAKE AND LAMAUNE LAKE

                          SIGNIFICANT NICKEL DISCOVERY

A significant Nickel discovery has been confirmed by drilling at Ketchikan Lake
toward the southeastern end of the Junior Lake property, Ontario Canada.

Drilling Results from Junior Lake Property

Drilling intersected a 150 metre wide shear-zone, designated the 'VW Zone',
hosting five nickel dominant mineralized horizons varying in apparent thickness
from 4 to 21 metres with nickel values of up to 0.95%.

Mineralized intersections within the shear-zone include

  Drill-hole            From          Width            Nickel           Copper
          No           Metres         Metres                %                %
       0405-35         28.9             16.1             0.30             0.06
      Includes                           3.0             0.68             0.08
       0406-36         36.0              7.5             0.21             0.05
           And         90.0             18.0             0.22             0.02
       0406-37         31.5             26.5             0.31             0.06
      Includes                           4.5             0.80             0.08
           And         63.0              4.5             0.27             0.09
           And         75.0              7.5             0.44             0.05
      Includes                           1.5             0.95             0.03
                    (All holes were inclined at -45degrees)

Consultant's Opinion

Following a property visit and review of drill core from the Ketchikan area,
Geological Consultant Dr. J Mungall from Toronto University commented that
further work should be directed on the Ketchikan occurrence ('VW' zone),
indicating that the occurrence 'has the appearance of a deformed, peripheral
portion of a better mineralized komatiite-hosted system nearby.' His
recommendations include additional prospecting and sampling along the strike
extension of the known occurrence and drilling the known structure where high
conductance anomalies are evident.

Characteristics of Junior Lake Property

Exploration work over the last several years has indicated that the contiguous
Junior Lake - Lamaune Lake properties have excellent potential to host a
nickel-copper-platinum group elements (Ni-Cu-PGE) massive sulphide deposit of
the Noril'sk-Talnakh/Voiseys Bay type and/or a nickel (Ni) dominant komatiite
hosted massive sulphide deposit of the Kambalda-type as well as the potential to
host shear zone related lode gold deposits.

The Junior Lake property (100%) is located in the province of Ontario,
approximately 235 kilometres north-northeast of Thunder Bay and is situated
within the Caribou-O-Sullivan Greenstone Belt in the Wabigoon Subprovince. The
Ketchikan Lake discovery is approximately 20 kilometres from the Auden siding on
the Trans Canada railway.

The drill campaign completed on the Junior Lake property in June of this year
consisted of 13 diamond drill NQ holes (0405-25 to 0405-37), for 1,707 metres,
on five separate target areas including the 3-hole fence on the 'VW zone' at
Ketchikan Lake.

Two other areas drilled, the 'New' and the 'PQ' zones, returned significant
results with values up to 1.2% copper and 0.2 % nickel in sub-metre to metre
intervals within mineralised zones exceeding 80 metres wide.

The 'VW zone' is situated in the Carrot Top sequence, a laterally extensive
complex 300 to 600 metres thick, of mafic metavolcanic flows, ultramafic
schists, clastic and chemical metasedimentary rocks, which has a known strike
length of approximately 14 kilometres and is host to several Ni-PGE, Cr, and
Zn-Cu occurrences.

The 5 mineralized horizons in the 'VW zone' appear to be sub vertical to
northerly dipping and are hosted in a sheared sequence of ultramafic and mafic
volcanics with minor poorly defined magnetite iron formation. Mineralization
consists of pyrrhotite-pentlandite and minor chalcopyrite in breccia and
fracture filler with lesser net-textured, disseminated, laminated and veined
sulphides.

Further Drilling

Following the highly encouraging results from this drilling campaign, 3000 to
3500 metres of additional drilling is planned to start mid October to further
evaluate the 'VW' zone in the Ketchikan Lake area and strike extensions of the
mineralized structure focusing on areas where high conductance anomalies are
evident, as recommended by Dr J. Mungall. A few holes will be reserved to test
AeroTEM airborne anomaly picks not yet drilled. Landore is fully funded for the
new drilling programme.

In addition, 9 claims, totalling 1,184 hectares, have been staked along the
southern boundary of the Junior Lake and Lamoune Lake properties, plus 2 claims,
totalling 352 hectares, at the east end of the property have been acquired from
prospectors to ensure complete coverage of the known Carrot Top sequence. The
Junior Lake property now comprises 34 claims totalling 5,637 hectares.

The Junior Lake property already hosts a Ni-Cu-PGE massive sulphide deposit
('B4-7' zone of 2.3 million tons at 0.87%Ni and 0.58%Cu, International Mogul
Mines, 1969). Landore has completed two confirmation and up-dip extension
drilling campaigns in 2001 and 2003. Until recently this deposit has been
considered sub-economic due to its size.

However the substantial increase in metal prices over the last two years,
particularly nickel and copper, together with the nearby Ketchikan Lake
discovery, has provided sufficient encouragement for management to commission a
redefinition of the B4-7 zone to an acceptable standard in readiness for
possible development studies.

Drilling Results from Lamaune Lake Property

The Lamaune Lake property (51%) abuts the Junior Lake property to the west and
comprises 8 claims, totalling 1,616 hectares.

The drill campaign completed on the Lamaune Lake property in May/June of this
year consisted of 17 diamond drill NQ holes (1105-01 to 1105-17) totalling 2,599
metres, on four separate target areas.

The main target area drilled, designated the 'Carrot Top Zone' is also within
the Carrot Top sequence, approximately 11 kilometres along strike and to the
north west of the Ketchikan lake discovery, in an area previously sampled by
Landore in 2003 returning encouraging values of 0.33% Ni, 0.34% Cu, 200 ppm
cobalt, 1,200 ppb palladium and 260 ppb platinum. 11 holes were drilled to test
this target with the remaining 6 testing three AeroTEM airborne anomaly picks.

Drilling at the Carrot Top zone has been most successful having intersected
several zones of nickel-copper mineralization with elevated cobalt and palladium
values.

Mineralized intersections within the Carrot Top zone include

  Drill-hole            From          Width            Nickel           Copper
          No           Metres         Metres               %                %
       1105-01         52.7             11.3             0.25             0.19
      Includes                           1.1             0.34             0.64
       1105.02        186.5             11.5             0.11             0.07
       1105.08         42.6             35.6             0.11             0.06
      Includes                           1.5             0.45             0.20
       1105.09         49.9              0.7             0.25             0.70

Drill holes intersected variably altered and brecciated ultramafic rocks, mafic
volcanics, leuco and melagabbro, iron rich sediments and magnetite iron
formation. Sulphide mineralization is typically dominated by pyrrhotite and
lesser chalcopyrite as fracture filler, breccia matrix, disseminations and blebs
hosted in altered ultramafic schists and melagabbro.

Following completion of the recent drilling campaign Landore, had met all
requirements to fulfill the first stage of the option agreement to earn 51% of
the Lamaune property. The transfer of title, to the 8 claims, to Landore
Resources Canada Inc. was confirmed October 3, 2005.

Commenting on this drilling report, Chairman of Landore Resources, Bill
Humphries, said:

'While there is considerably more work to be done before we see a fully proven
nickel resource on the Junior Lake property, these results are very encouraging
and continue to provide evidence that it might contain a major mineable reserve.
We will update the market again once the next phase of the drilling has been
completed.'

END

For more information please contact:

Bill Humphries, Chairman 
Tel: [phone]

Richard Prickett, Chief Executive 
Tel: [phone]
Landore Resources Limited

Simon Raggett
Strand Partners Limited 
Tel: [phone]

David Bick Tel: [phone]

Note to Editors:

Landore Resources Limited (LND.L) was admitted to the Alternative Investment
Market (AIM) in April 2005 and raised £2m gross in a Placing. The Company has
been established to explore for and develop precious and base metal properties
in North America. The Company's exploration properties are located in Ontario,
Quebec and New Brunswick, Canada, and Nevada in the US. The principal of these
are currently Junior Lake and Miminska Lake in the Thunder Bay mining district
in Ontario.

The management of the company is led by the Chairman, Bill Humphries, and Chief
Executive, Richard Prickett, who were formerly Managing Director and Chairman
respectively of Brancote Holdings, a gold exploration company that had a market
capitalization on AIM equivalent to US$3m in 1998 and was sold in 2002 for
US$368m.



                      This information is provided by RNS
            The company news service from the London Stock Exchange