Placing

Landore Resources Limited 16 November 2006 16 November 2006 Landore Resources Limited Placing Raises £705,000 Landore Resources Limited (the 'Company'), the mineral exploration and development company, predominantly based in Eastern Canada, today announces that it has placed 7,343,748 new ordinary shares of 1p each in the Company ('Placing Shares') at a placing price of 9.6p per share (the 'Placing') to finance working capital and exploration expenditure. The following Directors have subscribed for Placing Shares: Director Placing Shares Shareholding Percentage of subscribed immediately enlarged issued following share capital % admission of the Placing Shares Bill Humphries 781,250 9,823,314 9.79 Richard Prickett 781,250 5,632,524 5.61 Charles Wilkinson 208,333 854,047 0.85 Helen Green 52,083 99,083 0.10 James Garber 52,083 52,083 0.05 The Placing is conditional on admission of the Placing Shares to AIM. Application has been made for admission of the Placing Shares to trading on AIM, and is expected to take place on 23 November 2006. In total the Directors have subscribed for 25.5% of the Placing Shares, the balance being placed with private and institutional investors. Enquiries: Bill Humphries, Chairman Tel: 07734 681262 Richard Prickett, Chief Executive Tel: 07775 651421 Landore Resources Limited www.landore.com Simon Raggett Tel: 020 7409 3494 Strand Partners Limited David Bick Tel: 07831 381201 Holborn Public Relations Limited This information is provided by RNS The company news service from the London Stock Exchange
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