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1 23 August 2013 Technical data supports copper porphyry potential Highlights: Data room initiated following unsolicited approaches from major copper resource companies Technical data supports intact high sulphidation system with high copper porphyry potential Focus on Española 1 and Southern Vent copper zones Land access agreements progressing positively with the two remaining community groups Laconia rapidly obtaining stakeholder buy-in and building confidence about long term benefits of its exploration at the Rasuhuilca Project Laconia Resources Limited (ASX: LCR) ( Laconia or the Company ) is pleased to announce that its increasingly systematic review of historical sample and drill data as well as interpretation of recently acquired state of the art satellite alteration data points to a high fully intact high sulphidation coppergold-silver system with strong potential for an underlying mineralised copper porphyry system or associated deposits. Laconia is also pleased to report continued progress in its permitting process for drilling and prioritisation for drilling recently identified copper targets. High grade copper has been identified in underground adits at Fortuna 1 and Española 1 2 prospects. There is approximately 5km of underground development and adits within the Rasuhuilca Project. Geological modeling of the available data points to a strong correlation of the copper anomalism with the large scale Huaco Fault, along which the northern and southern volcanic vent areas are located (Figure 2). Future priority exploration following all necessary drilling and community approvals will focus on the copper porphyry and high grade gold-copper skarn (El Indio) potential of the entire system as represented in Figure 2. The El Indio deposit is considered as a classic high sulphidation epithermal copper-gold-silver deposit. El Indio produced 4.5 Moz of gold, 25 Moz of silver and 472kt of copper produced form 16.8Mt of ore over 23 years of production 3. 1 Refer ASX Release 27 February Refer ASX Release 9 April Refer Barrick presentation October 2008 Spatial and Temporal Zonation at the El Indio Cu-Au-Ag deposit, Chile

2 Laconia has secured access to the entire Ccarhuaraso Epithermal System through its 100% interest in the Rasuhuilca Project and its indirect interest in the Huaco Cucho tenements (seven year option to earn up to 80%) 4. Laconia s priority initial drilling programme has been designed to test these copper targets once all necessary drilling and community approvals have been obtained. Copper Intrinsic Modelling Long Section The two long sections, cut approximately north-to-south along the Huaco Fault, demonstrate the distribution of gold-silver (top) compared to copper (shown in addition to gold-silver on the bottom). The copper has a greater spatial area at lower elevations, possibly reflecting a transition to a lower level of mineralised porphyry system. Figure 1: The two long sections, cut approximately north-to-south along the Huaco Fault, demonstrate the distribution of gold-silver (top) compared to copper (shown in addition to gold-silver on the bottom). The copper has a greater spatial area at lower elevations, possibly reflecting a transition to a lower level of mineralised porphyry system. 4 Refer ASX Release 26 March

3 Figure 2: Identified copper zones and priority copper drilling targets 3

4 Virtual Data Room Since the acquisition of the Rasuhuilca Project, Laconia has compiled a database that contains greater than 3,000 channel samples from approximately 5km of underground development and adits, and more than 40 diamond drill holes, plus associated survey and assay data. Increasingly, Laconia s systematic review of data has highlighted the copper potential of the Rasuhuilca Project area in addition to the existing gold-silver epithermal vein systems that are extensively developed at the Rasuhuilca Project. With the benefit of up to date technology and processes, Laconia is the first worker to systematically collate all available information and construct three-dimensional models of mineralisation which support the views of previous workers, who likened the style and nature of the mineralisation at the Ccarhuarazo Epithermal System to the high grade El Indio deposit in northern Chile. Following a number of unsolicited approaches from major copper focused resource companies looking for advanced copper exploration properties, Laconia has established a Virtual Data Room allowing companies to access technical data under relevant confidentiality agreements. A number of companies that have executed a confidentiality agreement have commenced viewing the data. Community Agreements Changes to the approvals process for the mineral exploration industry in Peru were effected in September Community agreements were not previously a legal requirement for use of community owned land. Signed agreements from recognised community groups prior to starting exploration activities are now required. Drilling at Rasuhuilca Project requires the approval of a category 1 Declaración de Impacto Ambiental study (DIA), which includes a social licence aspect to initiate exploration. Laconia has completed the technical aspects of the DIA and is in the process of lodging this with the relevant Government authorities. Further to Laconia s previous senior Peruvian ministerial discussions, Laconia s Managing Director Ian Stuart this month met with the Minister of Mines and Energy as well as the Minister of Presidential Advisers - National Office of Dialog and Sustainability whom continue to actively provide tangible support Laconia in its dialogue with communities. In Laconia s case it requires agreements with three community groups within the immediate area of impact of the Rasuhuilca Project. One agreement was recently completed with the Yanama Community (refer ASX release 1 July 2013) and Laconia is advanced in concluding negotiations with the two remaining community groups. Meetings have been scheduled with community groups and Laconia looks forward these discussions and working together to reach mutually beneficial outcomes. Laconia has achieved positive steps towards obtaining social licence over the entire Rasuhuilca Project area required for government permitting for drilling. The process shows strong support for Laconia and its advanced copper-gold-silver Rasuhuilca Project and reflects the transparency, respect and confidence Laconia is building with relevant community groups and stakeholders with whom we are working. The process puts the Rasuhuilca Project on a solid path for further exploration with predictable social license costs and commitments. 4

5 Support from the Central and Provincial governments continues to assist Laconia in the objectives identified in gaining social license with the Ministry of Mines and Energy. The National Water Authority and Ministry of Presidential Advisors National Office of Dialog and Sustainability are also contributing with tangible community projects and assistance. Laconia has a 100% interest in the Rasuhuilca copper-gold-silver project in Southern Peru and its exploration efforts have become focused on its Latin American assets. The Company remains committed to gaining social licence in its sphere of activity to further explore and develop its flagship Rasuhuilca Project in Peru. ***ENDS*** For further information please contact: Ian Stuart Managing Director Laconia Resources P: E: istuart@laconia.com.au About Laconia Resources Limited ASX Listed Laconia Resources Limited (ASX: LCR) is a Perth-based precious and base metals exploration and development Company with a Latin American focus. The Company s flagship Rasuhuilca Project in Peru is an advanced copper-gold-silver project in the Ayacucho region of Southern Peru, across 4 permits covering km 2. In addition, the Company has gained access to a further 11 contiguous permits through an Option Agreement, covering km 2. The total area of km 2 hosts the entire Ccarhuaraso volcanic system that is proven to host high sulphidation epithermal gold and silver. In Western Australia, the Company has a portfolio of advanced mineral projects in the Murchison and Pilbara regions, across 22 granted tenements covering an approximate 1,153 km 2. Competent Persons Statement Rasuhuilca Project Peru The information in this announcement that relates to Exploration Results is based on, and fairly represents, information and supporting documentation prepared by Mr Vincent Algar, a Competent Person who is a Member of the Australasian Institute of Mining and Metallurgy. Mr Algar is a Non- Executive Director and consultant of Laconia Resources Limited and has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity currently being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr Algar consents to the inclusion in this announcement of the matters based on his information in the form and context in which it appears. 5

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