Resource Statement

Landore Resources Limited
19 February 2007


                            LANDORE RESOURCES LIMITED
                              (AIM Ticker: LND.L)

                           JUNIOR LAKE-NICKEL PROJECT

                 RESOURCE STATEMENT-PROPOSED WORK PROGRAM 2007

VW Zone Nickel Inferred Resource:

Scott Wilson Roscoe Postle Associates Inc. (Scott Wilson RPA), Toronto, was
retained by Landore Resources Canada Inc. ('Landore') to independently carry out a
resource estimate for the VW zone located at Landore's Junior Lake project,
Ontario, and to prepare a National Instrument 43-101 compliant technical report.

VW Zone Inferred Resource at 0.2% Nickel Cut-Off Grade,
Tonnes      Ni%        Cu%              Nickel Tonnes            Copper Tonnes
4,202,776   0.34       0.05                 14,300                    2,100

Based on Scott Wilson RPA's review of metal prices, mill recoveries, generic
smelter recoveries and terms, preliminary transport costs and estimate of
preliminary open pit mine operating costs likely to apply at the VW Zone site,
the 0.2% Ni cut-off grade is reasonable for the statement of Inferred Resources
at this time.

Mineral resources were estimated by Scott Wilson RPA using assumed long term
metal US$ prices of $7.00/lb nickel (Ni), $1.50/lb copper (Cu), $875/oz platinum
(Pt), $300/oz palladium (Pd) and $500/oz gold (Au).
(The average spot prices for January 2007 were, nickel $17.00/lb and copper
$2.50/lb.)

Scoping Study:

Landore is very encouraged with the above results, particularly as the Inferred
resource has been delineated on just 300 metres (m) of strike length and to an
average depth of approximately 250m. The VW Zone remains open along strike at
both ends and to depth where there is potential to develop additional resources.
Landore is further encouraged with the successful in-fill and extension drilling
completed late last year on the adjacent B4-7 Ni-Cu Zone

Accordingly, Landore has engaged Scott Wilson RPA to undertake a scoping study
(preliminary assessment) to determine potential economics for mining the VW and
B4-7 Zones and to identify the target resource base that will support mining at
the Junior Lake project.

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 significantly advanced both
the VW Zone nickel deposit and the adjacent B4-7 nickel-copper deposit towards
possible mining development.

The VW Zone Ni Resource, discovered only in November 2005, is located at the
southeastern end of the Junior Lake property. The Zone has been drilled with 45
diamond NQ drill holes for a total of 11,366m at a general grid spacing of 50m x
50m over 300m of strike length x 200m wide and to an average depth of
approximately 250m.

The VW Zone contains 5 sub-zones, the widest and most continuous being
'Katrina', which lies along the southern contact with the ultramafic sequence.
The western section of three holes drilled on the VW Zone have some of the best
intersections on 'Katrina' returning a number of +1% Ni grades.
'Katrina' remains open to the east and west and at depth.

Scott Wilson RPA has recommended that additional exploration drilling to expand
the resources to depth, particularly on the northern side of the VW deposit
where the sub-zones are tested to shallower depths compared to the southerly
sub-zones, and on the west side, following which the VW Zone modeling and
resource estimate should be updated.

Contingent on results from the above drilling and the outcome of the Scoping
Study, Scott Wilson RPA has recommended to carry out in-fill drilling where
necessary to bring the spacing in the VW Zone to 25m x 25m in order to upgrade
resources to Indicated Resources.

The B4-7 Ni-Cu Deposit, lies 3 kilometres west of the VW zone and has been
delineated by 63 diamond drill holes, drilled over a period from 1969 to 2006,
for a total of 14,388m over 520m of strike length and to an average depth of
approximately 250m.

An independent estimate of exploration potential was prepared for the B4-7 zone
by Scott Wilson RPA in March 2006. 3D computer block modeling and cut-off grade
of 0.25% nickel equivalent were used for the estimate.

B4-7 Deposit Estimate of potential Tonnage and Grade:
Tonnes     Ni%    Cu%     Coppm    Au ppb   Pt ppb   Pd ppb   Nickel   Copper
Millions                                                      Tonnes   Tonnes
1.5        0.6    0.40     606       40       90       460     9,000    6,000
To
2.0        0.7    0.48     670       50       95       525    14,000    9,600

Scott Wilson RPA reviewed metal prices, mill recoveries, generic smelter
recoveries and terms, preliminary transport costs and estimate of preliminary
open pit mine operating costs likely to apply at the B4-7 Zone site to determine
the nickel equivalent cut-off grade.
The estimate of the exploration potential in March 2006, assumed long term metal
US$ prices of $3.50/lb nickel (Ni), $1.10/lb copper (Cu), $750/oz platinum (Pt),
$275/oz palladium (Pd) and $400/oz gold (Au).

The potential quantity and grade of the B4-7 Zone is conceptual in nature and
there has been insufficient exploration, primarily metallurgical work, to permit
defining a mineral resource. It is uncertain if further exploration work will
result in the B4-7 Zone being delineated as a mineral resource.'

Scott Wilson RPA recommended at the time that additional drilling be carried out
to in-fill gaps in the zone and to provide material for modern metallurgical
work to improve nickel recovery.
A 7 hole diamond drill program was completed late last year on the B4-7 deposit
which successfully in-filled several of the gaps and extended the deposit to the
west.
A composite of ore has been submitted for preliminary metallurgical testing for
the recovery of Ni.-Cu.-PGE minerals. Results are pending.

Proposed Works Program 2007.

A 15,000m NQ diamond drill campaign is scheduled to commence in mid-March on the
VW and B4-7 deposits, of which: 9,000m is allocated for extension and partial
in-fill on the VW deposit; 3,000m for in-fill on the B4-7 deposit; 2,000m for
metallurgical testing on both deposits and 1,000m for geotechnical work on the
VW deposit for open-pit design requirements.

Additional metallurgical flotation testing is scheduled for the VW and the B4-7
deposits to optimize recovery and concentrate grades.

Golder Associates have been retained by Landore to carry out Base Line Aquatic
studies on the lakes and drainage tributaries in the vicinity of the Junior Lake
projects. These studies will commence in late February.

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

'The general consensus within the mining and metals industries is that the price
of nickel will remain strong and fundamental supply restraints should limit
downward pressure on nickel prices. It is Landore's aim to take full advantage
of the favourable conditions by advancing the Junior Lake Nickel Project to
production as rapidly as possible.

Mr. Richard Routledge, M.Sc., P. Geo., Consultant Geologist with Scott Wilson
Roscoe Postle Associates Inc. and the author of the report entitled ' Technical
Report on the Resource Estimate for the VW Zone, Junior Lake Project, Northern
Ontario Canada' prepared for Landore Resources Canada Inc., dated January 22,
2007, is the Qualified Person in accordance with the requirements of the
Canadian National Instrument 43-101.

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.


- ENDS -


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




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