Progress Report

Landore Resources Limited
23 June 2005


                      Landore Resources Limited ('Landore')

                                Progress Report

Highlights

   •Junior Lake-Lamaune Lake. A 3,500 metre diamond drilling program has
    commenced to test encouraging mineral occurrences identified by recent
    geological surveys.


   •Miminiska Lake. The recently completed drilling campaign succeeded in
    proving the depth extension of the targeted mineralised zones to a vertical
    depth of -250 metres with high grade gold intersected in most holes.

The Junior Lake-Lamaune 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.

The Junior Lake property is host to a nickel-copper-platinum group elements
(Ni-Cu-PGE) deposit ('B4-7' zone of 2.3 million tons at 0.87%Ni and 0.58%Cu), at
least 8 other Ni-Cu-PGE occurrences, a recently discovered gold occurrence
('BAM' zone), several copper-zinc occurrences and a chromium occurrence. These
occurrences are hosted by several complex sequences of Archean-age supracrustal
and intrusive rocks.

In May 2004, a high-resolution, Aeroquest-AeroTEM, helicopter-borne
electromagnetic (EM) survey was flown over the entire 20 kilometre strike length
of the Junior Lake and Lamaune Lake properties in search of additional Ni-Cu-PGE
mineralization, successfully identifying at least twenty-five high conductance
targets. Follow up trenching and sampling on several of these targets confirmed
the presence of significant mineralisation with grab samples returning values of
up to 0.84% nickel, 2.7% copper and 850ppb palladium.

A diamond drilling program totalling 3,500 metres of NQ sized core is currently
being conducted to test various targets within the prospective sequences. Core
samples have been sent to the assay laboratory and when full results are
available a further report will be issued.

Miminiska Lake. Landore recently completed a drill program comprising 13 NQ
diamond drill holes totalling 3921 metres on its wholly owned Miminiska Lake
property located 115 kilometres east of Pickle Lake, Ontario. The drill program
was designed to test the down-dip and plunge extensions of iron formation
hosting high-grade gold intersections returned from the previous drill campaign
including 9.8 gpt over 3.5m in hole 0604-33, 132.1 gpt over 0.5 metres in hole
0604-32 and 6.0 gpt over 3.5m in hole 0603-31.

The current program succeeded in proving the depth extension of the targeted
mineralized zones to a vertical depth of -250 metres with high-grade gold zones
intersected in most holes. The best intersections include 8.7 gpt Au over 0.6 m
in hole 0604-36, 6.6 gpt Au over 1.5 m in hole 0605-42 and 9.7 gpt Au over 1.1m
in hole 43. Drill hole 0604-37, designed to test the up-plunge extension of
mineralization in hole 0604-33, also intersected the target zone 80 metres
up-plunge, returning an assay of 6.0 gpt Au over 2.0 metres.

Significant Gold Assays: >1.0 gpt.
------------------------------------------------------------------------------
Drill Hole       From            To           Intersection          Gold Assay
               metres        metres                 metres                 gpt
------------------------------------------------------------------------------
0604-35          62.0          64.0                    2.0                 3.8
(includes)       62.0          63.0                    1.0                 6.4
------------------------------------------------------------------------------
0604-36          90.2          91.7                    1.5                 2.8
(includes)       90.2          90.7                    0.5                 6.4
                224.8         225.3                    0.6                 8.7
------------------------------------------------------------------------------
0604-37          87.3          91.2                    2.0                 6.0
(includes)       90.0          90.9                    0.9                11.1
------------------------------------------------------------------------------
0605-41         112.7         113.3                    0.5                 6.0
------------------------------------------------------------------------------
0605-42         333.8         335.2                    1.4                 6.6
------------------------------------------------------------------------------
0605-43         263.5         264.6                    1.1                 9.7
------------------------------------------------------------------------------
0605-44         263.3         264.0                    0.7                 5.0
------------------------------------------------------------------------------

Results of the drilling on the Miminiska property continue to reveal the
abundance of gold in the area. Consequently, Landore plans to conduct a detailed
review of all Miminiska drill hole data and continue with exploration of the
eastern Uchi Subprovince in the vicinity of the Miminiska Lake property.

For more information please contact

Bill Humphries / Richard Prickett
Landore Resources Limited
Tel:[phone]
Tel [phone]

Simon Raggett
Strand Partners Limited
Tel: [phone]




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