Resource Upgrade Statement

Landore Resources Limited
26 March 2008


                            LANDORE RESOURCES LIMITED
                              (AIM Ticker: LND.L)
                                                                                
                                                                 26th March 2008
                         JUNIOR LAKE-VW NICKEL PROJECT
                           RESOURCE UPGRADE STATEMENT

THE RECENTLY COMPLETED EXTENSION AND INFILL DRILLING CAMPAIGN ON THE VW NICKEL
DEPOSIT HAS SUBSTANTIALLY UPGRADED THE RESOURCE:

   •Increasing the global resource base by 48% to 22,407 tonnes Nickel
    Equivalent (NiEq) at 0.2% Nickel cut-off grade.

   •Upgrading the resource significantly with 91% now in the 'Indicated'
    category. The resource estimated in 2007 by Scott Wilson RPA resource was
    all in the 'Inferred' category.

   •Improving the average grade of the resource by 25% to 0.45% NiEq at 0.2%
    Nickel cut-off grade.

   •Mineralization on the VW Nickel Deposit remains open along strike in both
    directions to the east and west as well as at depth.

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

This substantially increased Resource confirms our view of the strong economic
potential of the VW Nickel deposit. We will be moving ahead with the scoping and
feasibility studies with the aim of becoming a Nickel producer whilst continuing
to expand the Resource.

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

VW resource estimate at 0.2% Nickel Cut-Off Grade,

Extract from the resource estimate table produced by Scott Wilson RPA. (See
Appendix A)
+---------------------------------------------------------------------------+
|Indicated Resource                                                         |
+---------+--------+-------+-------+-------+-------+-------+-------+--------+
|Cut-Off  |Tonnes  |Ni%    |Cu%    |Co ppm |Pt ppb |Pd ppb |Au ppb |NiEq%   |
|Grade Ni%|(000's) |       |       |       |       |       |       |        |
+---------+--------+-------+-------+-------+-------+-------+-------+--------+
|0.2%     | 4,490  | 0.393 | 0.054 |  155  |  28   |  36   |  11   |0.453   |
+---------+--------+-------+-------+-------+-------+-------+-------+--------+

+---------------------------------------------------------------------------+
|Inferred Resource                                                          |
+---------+--------+-------+-------+-------+-------+-------+-------+--------+
|Cut-Off  |Tonnes  |Ni%    |Cu%    |Co ppm |Pt ppb |Pd ppb |Au ppb |NiEq%   |
|Grade Ni%|(000's) |       |       |       |       |       |       |        |
+---------+--------+-------+-------+-------+-------+-------+-------+--------+
|0.2%     |  473   | 0.380 | 0.050 |  147  |  30   |  35   |  11   |0.437   |
+---------+--------+-------+-------+-------+-------+-------+-------+--------+
Extract ends.

+--------------------------------------------------------------------------+
|                             Contained Metal                              |
+-----------------+-------+-------+-------+-------+-------+-------+--------+
|                 |  Ni   |  Cu   |  Co   |  Pt   |  Pd   |  Au   |NiEq    |
|                 |Tonnes |Tonnes |Tonnes |Ounces |Ounces |Ounces |Tonnes  |
|                 |       |       |       |       |       |       |        |
+-----------------+-------+-------+-------+-------+-------+-------+--------+
| Total contained |19,443 | 2,661 |  765  | 4,498 | 5,729 | 1,755 |22,407  |
|      metal      |       |       |       |       |       |       |        |
+-----------------+-------+-------+-------+-------+-------+-------+--------+

The contained Nickel in the global resource base increased by 36%. In the 2007
resource estimate cobalt was not included. However, results from drilling in the
recently completed campaign showed a marked increase in cobalt levels in the
western extension of the resource. Accordingly, cobalt has been included in the
new resource estimate and contributes to the increased global resource.

Junior Lake:

The Junior Lake property is located in the province of Ontario, Canada,
approximately 235 kilometres north-northeast of Thunder Bay and is situated
within the Caribou-O-Sullivan Greenstone Belt in the Wabigoon Subprovince. The
VW Nickel Deposit is located at Ketchikan Lake toward the south eastern end of
the Junior Lake property.

During 2007 an infill and extension drill programme, consisting of 63 NQ size
holes (0407-99 to 0407-161,178) for a total of 17,361 metres, was completed on
the VW Nickel Deposit.

Drilling has now tested the VW Nickel deposit at approximately 25 x 50 metre
spacing over a strike length of 450 metres and to a vertical depth of
approximately 300 metres. This close drill spacing has provided sufficient
confidence for the majority of the resource to be advanced to the 'Indicated'
category, a necessary requirement for feasibility studies.

Mineralization on the VW Nickel Deposit remains open along strike in both
directions to the east and west as well as at depth.

Ongoing works. Scott Wilson RPA is currently preparing a Canadian National
Instrument 43-101 (NI43-101) compliant technical report on the resource upgrade
for the VW Nickel deposit.

SGS Lakefield Research Limited of Lakefield, Ontario, is carrying out additional
metallurgical testing in preparation for scoping and pre feasibility studies
scheduled for the second half of 2008.

Following receipt of the Technical report, drilling will re-commence on the VW
Nickel deposit, with 8,000 metres being programmed for further extension and
infill drilling, 1,000metres for geotechnical work on the VW deposit for
open-pit design requirements and a further 3,000 metres for exploration of known
mineralized occurrences on the Junior lake property.

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.

Mr. Richard Routledge, M.Sc., P. Geo., Consulting Geologist with Scott Wilson
RPA, prepared the resource estimate for Landore Resources Canada Inc. Mr.
Routledge is a Qualified Person in accordance with the requirements of the
Canadian National Instrument 43-101.
                                        
                                    - 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]


                                   APPENDIX A

                RESOURCE ESTIMATE PREPARED BY SCOTT WILSON RPA.

VW Zone Resources at Various Cut-Off Grades
Landore Resources Canada Inc. - Junior Lake Project, VW Zone, Ontario

                               Indicated Resource
Cut-Off    Tonnes    Ni%    Cu%    Co ppm    Pt ppb   Pd ppb    Au ppb   NiEq%
Grade Ni%  (000's)
0.2%         4,490   0.393  0.054     155       28       36        11    0.453
0.3%         2,826   0.475  0.061     177       28       40        12    0.542
0.4%         1,581   0.578  0.067     206       30       46        12    0.654
0.5%          837    0.697  0.075     238       30       55        12    0.784
0.6%          502    0.799  0.079     255       32       63        12    0.892
0.7%          322    0.884  0.079     268       33       69        12    0.980
0.8%          181    0.992  0.087     293       31       75        11    1.096
0.9%          117    1.076  0.092     312       31       79        11    1.186
1.0%          69     1.166  0.092     321       30       82        10    1.278

                                Inferred Resource
Cut-Off   Tonnes   Ni%    Cu%    Co ppm   Pt ppb  Pd ppb   Au ppb  NiEq%
Grade Ni% (000's)
  0.2%      473     0.380  0.050   147      30       35      11     0.437
  0.3%      305     0.448  0.057   167      30       38      12     0.512
  0.4%      146     0.562  0.062   197      32       46      12     0.635
  0.5%      77.5    0.669  0.066   222      35       56      12     0.750
  0.6%      48.1    0.742  0.069   236      37       61      13     0.828
  0.7%      28.4    0.812  0.068   239      40       69      12     0.900
  0.8%      9.5     0.944  0.073   269      38       90      11     1.041
  0.9%      4.6     1.052  0.092   303      35       78      12     1.161
  1.0%      2.3     1.167  0.088   317      36       99       9     1.279

Notes:

1.  CIM definitions were followed for Mineral Resource estimation and
    classification.

2.  Mineral Resources are constrained by wireframes constructed at a 
    minimum grade of 0.2% Ni.

3.  Block grades were estimated by inverse distance squared interpolation.

4.  High assay values were capped based on lognormal distribution: Ni at
    2.5%; Cu at 0.8%, Pt at 300 ppb, Pd at 550 ppb and Au at 100 ppb. Cobalt 
    assays were not capped.

5.  Mineral Resources are estimated using average long-term metal prices
    (US$) of $8.00/lb nickel, $2.00/lb copper, $25.00/lb cobalt, $1,200/oz 
    platinum, $350/oz palladium and $750/oz gold.

6.  An open pit discard grade for US$8.00/lb Ni is approximately 0.3% Ni
    whereas for Ni spot prices and futures for Ni of US$12/lb as of January 
    2008, the open pit discard is approximately 0.2% Ni. Scott Wilson RPA 
    recommends reporting resources at the 0.3% Ni cut-off.

7.  US$/C$ exchange rate of 1.05.

8.  Bulk density is 3.01 t/m3.

9.  Resources were estimated to a maximum depth of approximately 315 m.

10. Nickel equivalent factors are: 0.26 x Cu%; 2.38 x Co%, 0.19 x Pt ppm,
    0.06 x Pd ppm; and 0.12 x Au ppm. The low content of the precious metals may 
    not be payable but they contribute to <2% of NiEq grade.



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