Exercise of Warrants

Landore Resources Limited
22 November 2005


                                        
                            LANDORE RESOURCES LIMITED
                                  ('Landore')

                              Exercise of Warrants

Landore is pleased to announce that £776,298 (before and after expenses) has
been raised following the exercise of 7,122,000 warrants at 10.9p per share,
representing approximately 71% of the warrants available for exercise. The
balance of the outstanding warrants have now lapsed.

Application has been made for admission of 7,122,000 ordinary shares of 1p each
to trading on the Alternative Investment Market of the London Stock Exchange plc
and it is expected that dealings in the new ordinary shares will commence at
8.00 a.m. on 23 November 2005.

Mr. William Humphries, Chairman, subscribed for 1,000,000 warrants which has
therefore increased his shareholding to 8,792,064 ordinary shares representing
9.45% of the enlarged issued ordinary share capital.

Mr. Richard Prickett, Chief Executive commented that
'We are very pleased with the support shown by major shareholders. These extra
funds increase the Company's bank balances to approximately £2.25 million and
will enable Landore to significantly expand the drilling programme on its Nickel
Project at Junior Lake, Ontario. Further drilling results from the Junior Lake
Project are expected in December 2005.'


For more information please contact

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

David Bick
Tel: [phone]



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