Announcement PDF RNS Number : 8788U Landore Resources Limited 08 April 2021 8 April 2021 Landore Resources Limited ("Landore Resources" or the "Company") Disposal of 30% Interest in West Graham Property London, United Kingdom - 8 April 2021 - Landore Resources Limited (AIM:LND) announces that through its wholly owned subsidiary, Landore Resources Canada Inc., it has disposed of its 30% interest in the West Graham Property ("West Graham") to SPC Nickel Corp. (TSX.V - SPC)(the, "Disposal"). As a result of the Disposal, Landore no longer has an interest in West Graham. Following Completion of the Disposal, Landore has received: · CAN$250,000 in cash; · 1,000,000 warrants in SPC Nickel Corp., with each warrant convertible to one common share in SPC Nickel Corp. at a price of CAN$0.25 within a period of one year from December 7, 2020; and · A 1% net smelter return royalty on West Graham. West Graham is a Ni Cu property located in the Sudbury Mining District of Ontario, Canada, and was 30% owned by Landore Resources Canada Inc, which is in turn 100% owned by Landore Resources Limited. In Landore's financial statements as at 30th June 2020, West Graham had a book value of nil, and in the year ended 31 December 2019 there was £3,609 expenditure undertaken on the West Graham property. The Board of Landore considered the Company's 30% interest in West Graham to be noncore to its property portfolio and believes that evaluation of West Graham will be optimally progressed now it is 100% owned by SPC Nickel Corp. SPC Nickel Corp is a battery metals company focused on nickel and copper exploration in the Sudbury Mining Camp and now owns a 100% interest in West Graham. More information about SPC Nickel Corp. can be found on its website www.spcnickel.com The cash consideration received by the Company from the Disposal will be applied towards its working capital requirements. -ENDSFor more information, please contact: Landore Resources Limited Bill Humphries, Chief Executive Officer Tel: 07734 681262 Glenn Featherby, Finance Director Tel: 07730 420318 Cenkos Securities (Nominated Advisor and Broker) Derrick Lee / Peter Lynch Tel: 0131 220 9100 This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com. RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy. END DISUPUMUCUPGGCR