Progress Report

Landore Resources Limited
07 February 2006


                            LANDORE RESOURCES LIMITED
                                  ('Landore')

                                PROGRESS REPORT

JUNIOR LAKE DRILLING REPORT

The remaining results from the drilling campaign, completed in December on the
recently discovered VW nickel zone located at the southeastern end of the Junior
Lake property, Ontario, Canada, have confirmed the continuation of extensive
sulphide mineralisation, containing significant nickel values, to the east and
west of the high grade discovery holes (0405-35 to 40 with grades of up to 3.7%
nickel).

In addition there are several narrow intersections within the nickel
mineralisation reporting high-grade copper grades of up to 1.18% and gold grades
of up to 0.68g/t.

Mineralized intersections in the VW zone not previously reported include:

+----------------+-----------+---------------+---------------+---------------+
|Drill-hole      |From       |Width          |Nickel         |Copper         |
+----------------+-----------+---------------+---------------+---------------+
|No              |Metres     |Metres         |            %  |            %  |
+----------------+-----------+---------------+---------------+---------------+
|0405-38         |    216.2  |          2.5  |         0.40  |         0.04  |
+----------------+-----------+---------------+---------------+---------------+
|Includes        |           |          0.4  |         1.01  |         0.16  |
+----------------+-----------+---------------+---------------+---------------+
|0405-41         |     82.1  |          4.0  |         0.43  |         0.04  |
+----------------+-----------+---------------+---------------+---------------+
|                |    199.6  |          3.2  |         0.44  |         0.05  |
+----------------+-----------+---------------+---------------+---------------+
|0405-42         |    199.5  |          6.0  |         0.39  |         0.04  |
+----------------+-----------+---------------+---------------+---------------+
|0405.43         |    144.0  |          0.4  |         0.12  |         1.16  |
+----------------+-----------+---------------+---------------+---------------+
|                |    153.0  |          2.8  |         0.47  |         0.12  |
+----------------+-----------+---------------+---------------+---------------+
|                |    223.5  |         12.5  |         0.39  |         0.02  |
+----------------+-----------+---------------+---------------+---------------+
|                |    264.0  |          1.5  |         0.41  |         0.02  |
+----------------+-----------+---------------+---------------+---------------+
|                |    277.5  |          1.8  |         0.40  |         0.05  |
+----------------+-----------+---------------+---------------+---------------+
|0405.46         |    188.4  |          3.6  |         0.46  |         0.03  |
+----------------+-----------+---------------+---------------+---------------+
|                |    277.8  |          0.2  |         0.09  |         1.18  |
+----------------+-----------+---------------+---------------+---------------+
|                |    378.0  |          3.0  |         0.43  |         0.07  |
+----------------+-----------+---------------+---------------+---------------+
                    (All holes were inclined at -45degrees)

All drill core was photographed prior to being cut for assaying. Samples were
analyzed at Accurassay Laboratories, Thunder Bay, Ontario, by geochemical
analysis with atomic absorption finish (Ni). All samples reporting results of 1%
nickel or higher were re-analysed by the assay method with atomic absorption
finish. Twenty-nine element ICP analyses were completed on each sample. Check
assays, standards and laboratory duplicates were performed on a systematic basis
at Accurassay Laboratories. ALS Chemex Laboratory in Vancouver, BC also
completed systematic checks. Core is stored at site and in Landore's facilities
in Thunder Bay, Ontario. Rejects are stored at Accurassay Laboratories and in
Landore's facilities in Thunder Bay.

Collar co-ordinate details for the 2005 drilling campaigns on Junior Lake and
Lamaune Lake appear in appendix A

A 6,000 metre NQ diamond drill programme is scheduled to commence in early
April, and this will test the up-dip extensions of the high-grade intersections,
infill between the sections to determine the geometry of the mineralisation and
provide core for metallurgical testing. Work is in progress upgrading the camp
and infrastructure.

A further 3,000 metres of drilling will be carried out on the highly prospective
PQ zone, located to the east of the existing B4-7 nickel/copper deposit and the
Carrot Top zone on the Lamaune Lake property.

FROND LAKE: ACQUISITION

Landore has purchased outright the Frond Lake property which consists of 24
patents for a total area of 485 hectares from Tandem Resources Ltd of Toronto,
Canada, and Yangarra Resources Ltd of Calgary, Canada, in consideration of
payment of C$ 75,000. (A patented claim gives both mineral and surface rights to
the owner.)

Frond Lake is located in north-western Ontario, approximately 115 kilometres to
the east of Pickle Lake and 180 kilometres to the southeast of the Placer
Dome-Kinross Musselwhite mine, and is contiguous with Landore's Miminiska-Wottam
gold properties.

Landore now holds 5,445 hectares of mineral claims, including 52 patents, in
this highly prospective area, along a strike length of approximately 12
kilometres,

Frond Lake contains a historic resource estimate of 278,000 tonnes @ 7.4 g/t
gold for 66,000 ounces of contained gold. This resource is not compliant with
the National Instrument 43-101 of Canada. The mineralisation at
Miminiska-Wottam-Frond is hosted in an iron formation in a similar geological
setting to the Musselwhite gold deposit that has produced over 1.4 million
ounces of gold.

A 2,000 metre diamond drill programme is scheduled to commence in October on the
Frond Lake property to confirm the historical drilling and to test the strike,
down-dip and plunge extension of the resource.

WEST GRAHAM: FIRST NICKEL OPTION

The West Graham property consists of one patented lot, owned outright by Landore
Resources, of 130 hectares and is favourably located on the southern rim of the
Sudbury Intrusive in southern Ontario, Canada.

In November 2005, First Nickel Inc of Toronto, Canada, entered into an agreement
with Landore Resources to earn an interest of 70% in the West Graham property.
The agreement provides for First Nickel to pay Landore Resources C$150,000 plus
carry out exploration expenditure to the value of C$6,000,000 over four years.

First Nickel has initiated exploration and the following is an extract from
their recently published results.

A total of 2,654 metres of diamond drilling in 9 holes have been completed on
First Nickel's 'West Graham' property, currently under option from Landore
Resources Limited. The drill program was focused on the down plunge potential
from the known sulphide mineralization and the near surface potential of the
higher grade central portion of the 'Conwest' deposit.

Analytical results have been received for the first three holes of the diamond
drill program. Both, FNI-2002 and FNI-2003 intersected a higher grade zone, 9.85
metres (32.3 feet) of 1.22% Ni and 0.54% Cu at a drill depth of 310.15 metres
and 8.75 metres (28.7 feet) of 1.30 % Ni and 0.39% Cu at a drill depth of 356.45
metres, respectively, within a broader zone of weaker mineralization. The nickel
sulphide mineralisation is located approximately 20 to 60 metres above the basal
contact of the SIC and is generally disseminated in nature with lesser amounts
of veined and blebby sulphides. The nickel sulphide is intriguing on the West
Graham property given the high nickel tenors are similar to the Lockerby East
zone. Analytical results are pending for the remaining 6 holes on the West
Graham property.

An exploration program is being developed to drill untested gradient IP
anomalies along the portion of the SIC contact to the northeast contained within
the property boundary. The exploration program will also include testing the
footwall potential into the underlying granites that cover approximately 75% of
the West Graham property. An additional 5,000 metres of diamond drilling is
scheduled for this property in 2006.

James Garber, (BSc. Hons. Geology, member of APGO) a Director of Landore
Resources Ltd and a qualified person as defined in National Instrument 43-101,
has reviewed and verified all scientific or technical mining disclosure
contained in this press release excluding the extract from First Nickel's
published results which was reviewed and verified by their qualified person.


- ENDS -


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]

                                   Appendix A

+-------------------------------------------------------------------------------------------+
|                      Junior Lake Project Diamond Drilling - 2005                          |
+---------+-----------+----------+--------+--------+---------+---------+--------+-----------+
|Hole #   |  utmN     |  utmE    |Grid E  |Grid N  |Azimuth  |Incl.    |Length  |Elevation  |
+---------+-----------+----------+--------+--------+---------+---------+--------+-----------+
|         | Z16N83    | Z16N83   |        |        |(degrees)|(degrees)| (m)    | (m ASL)   |
+---------+-----------+----------+--------+--------+---------+---------+--------+-----------+
|0405-25  |5581390.3  |433769.6  |  1300  |   0.0  |    177  |  -45    |   102  |    300.0  |
+---------+-----------+----------+--------+--------+---------+---------+--------+-----------+
|0405-26  |5581438.0  |433768.3  |  1300  |  50.0  |    177  |  -45    |    99  |    300.0  |
+---------+-----------+----------+--------+--------+---------+---------+--------+-----------+
|0405-27  |5581486.9  |433766.7  |  1300  | 100.0  |    177  |  -45    |   102  |    300.0  |
+---------+-----------+----------+--------+--------+---------+---------+--------+-----------+
|0405-28  |5581539.7  |433764.9  |  1300  | 150.0  |    177  |  -45    |   102  |    300.0  |
+---------+-----------+----------+--------+--------+---------+---------+--------+-----------+
|0405-29  |5581335.2  |433275.1  |  2150  |   0.0  |    177  |  -45    |   150  |    300.0  |
+---------+-----------+----------+--------+--------+---------+---------+--------+-----------+
|0405-30  |5581404.9  |433271.8  |  2150  |  75.0  |    177  |  -45    |   150  |    295.0  |
+---------+-----------+----------+--------+--------+---------+---------+--------+-----------+
|0405-31  |5581424.6  |434567.0  |   800  | -35.0  |    177  |  -45    |   150  |    300.0  |
+---------+-----------+----------+--------+--------+---------+---------+--------+-----------+
|0405-32  |5581497.9  |434564.3  |   800  |  40.0  |    177  |  -45    |   150  |    300.0  |
+---------+-----------+----------+--------+--------+---------+---------+--------+-----------+
|0405-33  |5582046.2  |433442.8  |  1000  | 175.0  |    177  |  -45    |   102  |    300.0  |
+---------+-----------+----------+--------+--------+---------+---------+--------+-----------+
|0405-34  |5582153.2  |433439.7  |  1000  | 275.0  |    177  |  -45    |   177  |    300.0  |
+---------+-----------+----------+--------+--------+---------+---------+--------+-----------+
|0405-35  |5580725.5  |435764.0  |  3275  |-760.9  |    177  |  -45    |   150  |    308.2  |
+---------+-----------+----------+--------+--------+---------+---------+--------+-----------+
|0405-36  |5580774.8  |435762.1  |  3275  |-711.6  |    177  |  -45    |   123  |    306.6  |
+---------+-----------+----------+--------+--------+---------+---------+--------+-----------+
|0405-37  |5580773.4  |435761.9  |  3275  |-713.0  |    177  |  -45    |   150  |    306.6  |
+---------+-----------+----------+--------+--------+---------+---------+--------+-----------+
|0405-38  |5580848.1  |435759.2  |  3275  |-638.0  |    177  | -43.6   |   294  |    300.7  |
+---------+-----------+----------+--------+--------+---------+---------+--------+-----------+
|0405-39  |5580950.7  |435754.9  |  3275  |-535.3  |    177  | -49.2   |   471  |    303.2  |
+---------+-----------+----------+--------+--------+---------+---------+--------+-----------+
|0405-40  |5580856.5  |435685.3  |  3200  |-625.0  |    177  | -43.3   |   423  |    300.0  |
+---------+-----------+----------+--------+--------+---------+---------+--------+-----------+
|0405-41  |5580870.2  |435834.2  |  3350  |-625.0  |    177  | -43.7   |   309  |    301.3  |
+---------+-----------+----------+--------+--------+---------+---------+--------+-----------+
|0405-42  |5580954.1  |435680.0  |  3200  |-525.0  |    177  |  -47    |   543  |    300.2  |
+---------+-----------+----------+--------+--------+---------+---------+--------+-----------+
|0405-43  |5580849.3  |435585.6  |  3100  |-625.0  |    177  | -45.9   |   438  |    299.6  |
+---------+-----------+----------+--------+--------+---------+---------+--------+-----------+
|0405-44  |5580895.4  |436030.9  |  3550  |-608.7  |    177  | -43.2   |   351  |    305.6  |
+---------+-----------+----------+--------+--------+---------+---------+--------+-----------+
|0405-45  |5580643.8  |435235.8  |  2734  |-808.0  |    177  | -42.1   |   324  |    306.4  |
+---------+-----------+----------+--------+--------+---------+---------+--------+-----------+
|0405-46  |5580943.5  |435581.3  |  3100  |-530.0  |    177  | -42.4   |   449  |    302.9  |
+---------+-----------+----------+--------+--------+---------+---------+--------+-----------+
|0405-47  |5580966.2  |435828.3  |  3350  |-525.0  |    177  | -47.7   |   270  |    303.7  |
+---------+-----------+----------+--------+--------+---------+---------+--------+-----------+
                        (23 holes totalling 5579 metres)

+---------------------------------------------------------------------------------------------+
|                      Lamaune Lake Project Diamond Drilling - 2005                           |
+---------+------------+-----------+--------+--------+---------+---------+--------+-----------+
|Hole #   |   utmN     |  utmE     |Grid E  |Grid N  |Azimuth  |Incl.    |Length  |Elevation  |
+---------+------------+-----------+--------+--------+---------+---------+--------+-----------+
|         |  Z16N83    | Z16N83    |        |        |(degrees)|(degrees)| (m)    | (m ASL)   |
+---------+------------+-----------+--------+--------+---------+---------+--------+-----------+
|1105-01  |5583370.59  |424477.43  | 11350  | 10044  |    205  |  -45    |   192  |      300  |
+---------+------------+-----------+--------+--------+---------+---------+--------+-----------+
|1105-02  |5583467.19  |424519.40  | 11350  | 10150  |    205  |  -45    |   268  |      308  |
+---------+------------+-----------+--------+--------+---------+---------+--------+-----------+
|1105-03  |5583527.33  |424164.06  | 11000  | 10058  |    205  |  -45    |   201  |      300  |
+---------+------------+-----------+--------+--------+---------+---------+--------+-----------+
|1105-04  |5583574.00  |424182.36  | 11000  | 10100  |    205  |  -45    |   102  |      300  |
+---------+------------+-----------+--------+--------+---------+---------+--------+-----------+
|1105-05  |5583621.84  |424204.44  | 11000  | 10150  |    205  |  -45    |   138  |      306  |
+---------+------------+-----------+--------+--------+---------+---------+--------+-----------+
|1105-06  |5583662.20  |424220.08  | 11000  | 10200  |    205  |  -45    |   180  |      309  |
+---------+------------+-----------+--------+--------+---------+---------+--------+-----------+
|1105-07  |5583710.05  |424241.53  | 11000  | 10250  |    205  |  -45    |   129  |      309  |
+---------+------------+-----------+--------+--------+---------+---------+--------+-----------+
|1105-08  |5583348.10  |424494.96  | 11375  | 10030  |    205  |  -45    |   102  |      299  |
+---------+------------+-----------+--------+--------+---------+---------+--------+-----------+
|1105-09  |5583338.31  |424518.77  | 11400  | 10030  |    205  |  -45    |    99  |      299  |
+---------+------------+-----------+--------+--------+---------+---------+--------+-----------+
|1105-10  |5583336.09  |424541.41  | 11425  | 10045  |    205  |  -45    |    99  |      302  |
+---------+------------+-----------+--------+--------+---------+---------+--------+-----------+
|1105-11  |5584881.67  |420635.66  |  7285  |  9875  |    205  |  -45    |   150  |      300  |
+---------+------------+-----------+--------+--------+---------+---------+--------+-----------+
|1105-12  |5584923.40  |420663.30  |  7285  |  9925  |    205  |  -45    |   156  |      300  |
+---------+------------+-----------+--------+--------+---------+---------+--------+-----------+
|1105-13  |5581846.80  |427974.42  | 15250  | 10150  |    255  |  -45    |   150  |      300  |
+---------+------------+-----------+--------+--------+---------+---------+--------+-----------+
|1105-14  |5581874.87  |428028.91  | 15300  | 10250  |    205  |  -45    |   102  |      300  |
+---------+------------+-----------+--------+--------+---------+---------+--------+-----------+
|1105-15  |5584253.24  |421369.83  |  8150  |  9610  |    205  |  -45    |   150  |      300  |
+---------+------------+-----------+--------+--------+---------+---------+--------+-----------+
|1105-16  |5584973.12  |420685.37  |  7285  |  9975  |    205  |  -45    |   231  |      300  |
+---------+------------+-----------+--------+--------+---------+---------+--------+-----------+
|1105-17  |5583605.54  |423806.21  | 10637  |  9983  |    205  |  -45    |   150  |      300  |
+---------+------------+-----------+--------+--------+---------+---------+--------+-----------+
                        (17 holes totalling 2599 metres)



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