Progress Report

Landore Resources Limited
13 November 2006

13 November 2006


                            LANDORE RESOURCES LIMITED

                                  ('Landore')

                           JUNIOR LAKE-NICKEL PROJECT

                                PROGRESS REPORT

Highlights:

• VW Zone: Infill and extension drilling has confirmed the continuity of
  wide zones of sulphide mineralization, extending over 350 metres in length
  and up to 200 metres in depth, with assay results consistently returning
  grades in excess of 1% nickel . The zone is open at both ends and at depth.

• Resource: Landore has engaged Engineering and Consulting Company, Scott
  Wilson Roscoe Postle Associates Inc (Scott Wilson RPA) of Toronto, to carry
  out an estimate of the mineral resources of the VW Zone. The resource will
  be documented in a National Instrument 43-101 (NI43-101) compliant report.

• B4-7 Zone: Drilling on the historic B4-7 nickel-copper-platinum group
  elements (Ni-Cu-PGE) deposit, has extended the mineralization to the west
  with Hole 0406-93 and down dip in the eastern half with Holes 0406-94/95,
  with assay results returning grades of up to 2.10% nickel and 4.48 % copper
  in separate intersections. The deposit remains open to the west and down dip
  in the east.

• Metallurgical studies: Composite ore samples submitted for metallurgical
  testing have returned good recoveries of up to 82% nickel and up to 90 %
  copper.

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

'The result of this summer's drilling campaign and metallurgical testing on the
VW nickel deposit is very encouraging and has significantly advanced it towards
becoming a fully proven nickel resource. Accordingly Landore has initiated a
resource estimate with the aim of commencing scoping studies on the VW Project
early in the new year.

The exploration work, carried out on Junior Lake to date, continues to support
Landore's belief that this property has the potential to host significant
nickel-copper resources.'

Junior Lake:

The Junior Lake properties are located in the province of Ontario, approximately
235 kilometres north-northeast of Thunder Bay and are situated within the
Caribou-O-Sullivan Greenstone Belt in the Wabigoon Subprovince.

During this past summer a diamond drilling campaign, totalling 11,937 metres of
NQ sized core, has been completed on the VW nickel zone, the adjacent B4-7
nickel-copper deposit and other exploration targets on the Junior Lake
properties.

VW Zone Drilling: The latest drilling campaign completed on the VW zone, of 34
holes for 7,478 metres, infilled the previous drilling, carried out in late
2005, to approximately a 50 metre x 50 metre grid and extended the known
mineralization 100 metres to the west. Two of these holes were drilled to obtain
core for metallurgical testing.

Mineralized intersections, not previously reported, include:

      Drill-hole                    From              Width              Nickel
          No                       Metres             Metres                %

        0406-82                    225.7               11.3               0.64
       includes                    229.8                3.0               1.06

        0406-83                    134.2                1.0               1.39

        0406-86                    115.4                2.2               1.65
                                   141.6                7.2               0.41
       includes                    147.7                1.1               1.15
                                   159.2               13.2               0.78
       includes                    165.0                5.8               0.98

        0406-88                    143.7                1.1               1.09
                                   157.4                6.2               0.40
       includes                    158.9                0.5               1.33
                                   194.2                8.3               0.55
       includes                    200.4                2.1               0.99

        0406-97                     96.9                1.5               1.24
                                   120.3                4.5               0.52

        0406-98                    252.0                6.7               0.97
       includes                    252.3                0.3               3.91
       includes                    256.2                2.5               1.68
                                   271.4                7.5               0.65
       includes                    276.0                2.8               1.11

Note: All holes drilled at 45 degrees inclination.

The good results from hole 86 at the eastern extent of the present drilling and
from hole 98 at the western extent shows the mineralization remains robust and
open in both directions and at depth.

Resource Estimate: Landore has engaged Engineering Company, Scott Wilson RPA of
Toronto, to carry out an estimate of the mineral resources of the VW Zone. The
resource will be documented in a National Instrument 43-101 (NI43-101) compliant
report.

Following receipt of the resource statement (scheduled for early 2007), Landore
intends to initiate a 'Scoping study' for the VW Zone which will include the
determination of drilling and metallurgical testing required to take the project
to pre feasibility status.

The drilling for the next stage is scheduled to commence late March 2007.

B4-7 Deposit Drilling: A total of 7 holes, for 1,562 metres of infill and
extension drilling, have been completed in this campaign on the historic B4-7
Ni-Cu-PGE deposit.

Two of these holes were drilled to obtain core for metallurgical testing.

The drilling has extended the mineralization to the west with Hole 0406-93 and
down dip in the eastern half with Holes 0406-94 and 0406-95, with assay results
returning grades of up to 2.10% nickel and 4.48 % copper. The deposit remains
open to the west and down dip in the east.

Mineralized intersections include:

  Drill-hole    From     Width  Nickel  Copper   Platinum   Palladium  Cobalt
      No       Metres   Metres      %       %      g/t         g/t         %

   0406-90       47.4    18.8    0.93    0.59       0.12        0.65    0.12

   0406-91      106.5     5.2    0.80    0.18       0.13        0.55    0.06
                112.8     0.4            2.71

   0406-92      246.3     0.9    1.02
                257.6    21.4    0.83    0.50       0.16        0.78    0.07
                275.7     1.0    1.05

   0406-93      243.2    12.4    0.86    0.47       0.25        0.97    0.06
                253.1     0.6    2.10
                376.5     5.1    0.64    0.27       0.01        0.36    0.05

   0406-94       87.3     4.7    0.37    0.09       0.17        1.58    0.02
                141.0    10.0    0.38    0.51       0.26        0.43    0.04
   includes     147.9     1.2            1.51
                159.3     5.7    0.61    0.55       0.18        0.23    0.08
   includes     160.2     0.3            4.48

   0406-95       95.6    11.6    0.58    0.37       0.26        0.56    0.05

Note: Holes drilled between 55 and 65 degrees inclination.

Metallurgical studies: Preliminary metallurgical testing, carried out on
composite ore material from the VW Zone deposit, has returned good recoveries of
up to 82% nickel and up to 90 % copper. The next phase of metallurgical work is
scheduled to commence in the second quarter of 2007.

A composite of ore from the B4-7 Zone deposit has been submitted for preliminary
metallurgical testing for the recovery of Ni-Cu-PGE minerals. Results are
expected early in 2007.

Exploration: A total of 16 holes, for 2,897 metres of exploration drilling, has
been completed on the Junior Lake properties to test prospective trends along
strike from the VW Zone, the B4-7 Zone and other favourable targets.

Encouraging results were received from the 'Zap' zone with assays returning
grades of up to 0.62% Ni and 0.35% Cu. The 'Zap' zone is adjacent to the highly
prospective Carrot top Horizon discovered in the 2005 program. In addition two
holes drilled 500 metres along strike to the west of the B4-7 deposit
encountered wide horizons of nickel mineralization.

James Garber, (BSc. Hons. Geology, member of APGO) a Director of Landore
Resources Ltd and a qualified person as defined in the Canadian National
Instrument 43-101, has reviewed and verified all scientific or technical mining
disclosure contained in this announcement, which is stated in accordance with
the Canadian Institute of Mining Metallurgy and Petroleum.


For more information please contact:

Bill Humphries, Chairman                            Tel: [phone]
Richard Prickett, Chief Executive                   Tel: [phone]
Landore Resources Limited                           www.landore.com

Simon Raggett                                       Tel: [phone]
Strand Partners Limited

David Bick                                          Tel: [phone]
Holborn Public Relations Limited





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