Landore Resources Ltd. reported audited consolidated earnings results for the year ended December 31, 2012. For the year, the company’s operating loss was £4,486,027 against £562,538 a year ago. Loss before income tax was £4,362,810 against £485,403 a year ago. Loss attributable to equity holders of the company was £4,330,518 or £0.014 per basic and diluted share against £485,403 or £0.002 per basic and diluted share a year ago. Net cash outflow from operating activities was £4,202,096 against £4,453,871 a year ago. Purchase of property, plant and equipment was £22,890 against £10,760 a year ago.

Landore Resources Ltd. announced a drilling update on its Scorpion Zone Nickel-Copper-Cobalt-PGEs project on the Junior Lake Property, Ontario, Canada. Highlights: Drilling on the exploration target immediately west of the B4-7 deposit within the Scorpion Zone ("Exploration Target") successfully intersected massive sulphide mineralisation, with drill-hole 0413-470 reporting 5 metres at 0.87% Ni, 0.53% Cu, 0.08% Co, and 531ppb Pd. Alpha Zone mineralisation has also been intersected in the Exploration Target, with drill-hole 0413-470 reporting 3 metres at 0.73% Ni, 0.15% Cu 0.04% Co, 3,283ppb Pd, and 240ppb Pt. Landore has initiated Pre-Feasibility Studies on the combined B4-7. Nickel-Copper-Cobalt-PGEs deposit and VW Nickel Deposit. The recently completed drilling program on the Scorpion Zone has confirmed the continuation of the B4-7 massive sulphide mineralisation between the existing intercepts on line 175W and 300W, and further validates the Exploration Target which contains a potential 1.5 Mt to 2.0 Mt of sulphide mineralisation of similar grade range to that which has been outlined to date. Alpha Zone, Drilling on the Exploration Target has also intersected Alpha Zone style disseminated sulphide mineralisation. The Alpha Zone contains significant palladium with elevated nickel, copper, cobalt, platinum and gold. This zone is found in both the open pit and underground portions of the B4-7 deposit. Alpha Zone mineralisation has not been included in the B4-7 resource due to its complexity along strike. Landore Resources has retained RPA Inc, of Toronto, Canada ("RPA") to conduct a study into the Alpha Zone style mineralization so as to better understand the structural, lithological, and genetic characteristics of this style of mineralization. Should these studies provide positive results, the potential exists to consider portions of the Alpha Zone as mineral resources. The Junior Lake property: The Junior Lake property, 100% owned by Landore Resources, is located in the province of Ontario, Canada, approximately 235 kilometres north-northeast of Thunder Bay, and is host to; the Scorpion Zone which contains the B4-7 Nickel-Copper-Cobalt-PGEs deposit, the Alpha Zone and the recently-identified Exploration Target. Junior Lake also contains the VW Nickel deposit and numerous other highly prospective mineral occurrences. The Scorpion Zone: The Scorpion Zone is a distinctive geophysical magnetic anomaly located approximately 3 kilometres to the northwest of the VW deposit and is host to the B4-7 deposit together with the Alpha Zone and Exploration Target. The zone extends 500 metres to the east of the 00 base line of the B4-7 deposit and extends 1,000 metres to the west of line 00 where it is truncated by the Juno Lake shear, and curls north and then to the east around a prominent 150 metre diameter magnetic low. The B4-7 deposit resource estimate and report, completed by RPA in January 2013, identified 2,695,000 tonnes at 1.24% Nickel equivalent (NiEq) for 33,248 tonnes of contained metal, all in the Indicated category. The deposit remains open down plunge at depth and along strike to the west. The report also identified the potential Exploration Target to the immediate west of the B4-7 deposit. The recently completed winter drilling programme, consisting of 14 NQ diamond drill-holes from 0413-463 to 0413-476 for 5,172 metres, was concentrated on the potential Exploration Target, together with its extension to the west. Results are pending for drill-holes 0413-474 to 0413-476 inclusive and will be reported when received.

Landore Resources Ltd. announced that drilling on the western section of the B4-7 deposit from 50W to 200W has intersected broad zones of massive sulphide mineralisation at depth, including drill-hole 0412-450 which intersected 17.26 metres at 0.84% nickel, 0.46% copper, 0.06% cobalt, and 510ppb palladium. The B4-7 massive sulphide deposit, now extending over 700 metres from 500mE of the baseline to 200W, remains open to the west along strike and down dip. Assay and lithology information from drill-holes 0412-449, 0412-450 and 0412-452 have been included in the B4-7 resource estimate upgrade, currently in-progress. Results from this resource estimate are anticipated by early first quarter of 2013. The B4-7 deposit mineralisation is hosted within a sub-vertical massive sulphide vein with stringers, net-textured and disseminated sulphides in the immediate hanging wall. In First Quarter 2010, a NI 43-101 compliant report and resource estimate upgrade was completed for the B4-7 deposit. The resource reported 26,521 tones at 1.02% NiEq.Drilling is currently testing this potential westward extension of the B4-7 massive sulphide mineralisation between lines 200W and 900W. Drill-hole 0412-446 on the 300W line, completed earlier this year, intersected significant massive sulphide mineralization at depth. In addition, previous drilling on the B4-8 prospect has indicated significant copper mineralisation in the vicinity of the shear's deformation zone on the 900W line. Results are pending on drill-holes 0412-455 to 460. Results of the DC Resistivity section of the survey received to date are highly promising indicating the potential extension of the B4-7 mineralisation to 800W of the base line. Final results from this ground geophysics survey are anticipated by early First Quarter 2013, and will assist in drill targeting.