bam east gold prospect

O c t o b e r 2 0 1 7 w w w . l a n d o r e . c o m

BAM East Gold Deposi t

The information contained in these slides has been prepared by Landore Resources Limited ("the Company") in connection with a proposed subscription (the "Subscription") and of ordinary shares in the capital of the Company (the "Subscription Shares") and the proposed application for the admission of the Subscription Shares to trading on AIM, a market operated by the London Stock Exchange Plc (the "London Stock Exchange"). The information in these slides is subject to updating, completion, revision, further verification and amendment without notice.These slides have not been approved by the United Kingdom Listing Authority as a prospectus under the Prospectus Rules (made under Part VI of the Financial Services and Markets Act 2000 ("FSMA")) or by the London Stock Exchange. These slides do not constitute or form part of any offer for sale or solicitation of any offer to buy or subscribe for any securities nor shall they or any part of them form the basis of or be relied on in connection with, or act as any inducement to enter into, any contract or commitment whatsoever. No reliance may be placed for any purpose whatsoever on the information or opinions contained in these slides or the presentation or on the completeness, accuracy or fairness thereof.No undertaking, representation, warranty or other assurance, express or implied, is made or given by or on behalf of the Company or any of its respective directors, officers, partners, employees, agents or advisers or any other person as to the accuracy or completeness of the information or opinions contained in these slides or the presentation and no responsibility or liability is accepted by any of them for any such information or opinions or for any errors, omissions, misstatements, negligence or otherwise for any other communication written or otherwise. In addition, in issuing these slides, the Company does not undertake any obligation to update or to correct any inaccuracies which may become apparent in these slides. Notwithstanding the aforesaid, nothing in this paragraph shall exclude liability for any undertaking, representation, warranty or other assurance made fraudulently.The mining results contained in the presentation have been reviewed and verified by Michele Tuomi, (P.Geo., BSc. Geology), Director/VP Exploration of Landore Resources Canada Inc. and a Qualified Person as defined in the Canadian National Instrument 43-101 and the AIM Rules for Companies.The statements contained in these slides and the presentation may include "forward looking statements" that express expectations of future events or results. All statements based on future expectations rather than on historical facts are forward looking statements that involve a number of risks and uncertainties and the Company cannot give assurance that such statements will prove to be correct. Any forward looking statements made by or on behalf of the Company speak only as of the date they are made. The Company does not undertake to update forward looking statements to reflect any changes in expectations, events, conditions or circumstances upon which such statements are made.These slides are for distribution in or from the UK only to persons authorised or exempted within the meaning of FSMA or any order made thereunder or to those persons to whom these slides may be lawfully distributed pursuant to the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 ("Financial Promotion Order") as amended: including investment professionals as defined in article 19(5), high net worth entities as defined in article 49(2) of the Financial Promotion Order, members of the Company and/or any other applicable exempt category of the Financial Promotion Order. Persons who do not fall within any of these definitions should not rely on these slides nor take any action upon them, but should return them immediately to the Company.The Presentation may contain unpublished price sensitive information with regard to the Company and/or its securities. Recipients of the Presentation should not deal or encourage any other any other person to deal in the securities of the Company whilst they remain in possession of such unpublished price sensitive information. Dealing in securities of the Company when in possession of unpublished price sensitive information could result in liability under the insider dealing restrictions set out in the Criminal Justice Act 1993 and the Market Abuse Regulation No. 596/2014.The presentation should not be considered a recommendation by the Company or any of its respective directors, officers, employees, agents or advisers in connection with any purchase of or subscription for securities of the Company.These slides should not be copied or distributed by recipients and, in particular, should not be distributed by any means including electronic transmission, to persons with addresses in the United States of America, Canada, Australia, Republic of Ireland, South Africa or Japan their possessions or territories or to any citizens thereof, or to any corporation, partnership or such entity created or organised under the laws thereof. Any such distribution contrary to the above could result in a violation of the laws of such countries.By accepting receipt of this document, you agree to be bound by the limitations and restrictions set out above.

Landore Resources Ltd.

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Important Notice

Landore Properties - CanadaPolitically Secure and Mining Friendly

Junior Lake

Seeley Lake

West Graham

Miminiska Lake Lessard

QUEBEC

ONTARIO

NEWFOUNDLAND AND LABRADOR

USA

USA

Lake Superior

Thunder Bay

Sudbury

Toronto

Chibougamau

Montreal

Lake Huron

Hudson Bay

CANADA

USA

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Landore Gold Properties - OntarioOne of the Top Ten Mining Jurisdictions in the World

Junior Lake

Miminiska Lake

ONTARIO

Lake Superior

Thunder Bay

Sudbury

Toronto

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Timmins

Red Lake

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Kirkland Lake

Gold Mine Company 2016 Production (ounces of gold)

1 Red Lake Gold Mine

Goldcorp Inc. 324,000

2 MusselwhiteMine

Goldcorp Inc. 261,300

3 Hemlo Mine Barrick Gold Corp. 235,000

4 Detour Lake Gold Mine

Detour Gold Corp. 537,765

5 Porcupine Goldcorp Inc. 285,000

6 MacassaMine

Kirkland Lake Gold Inc. 175,167

7 Young-Davidson Mine

Alamos Gold Inc. 170,000

1

4563

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Junior Lake Property

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Junior Lake

ONTARIOB4-7 Ni/Cu Deposit

VW Ni Deposit

Junior Lake Property

Mining Leases21-year renewable

mining, surface rights

22,497 Hectares

BAM East Gold DepositBAM Gold Prospect

Swole LithiumDespard Lithium

Tape Lake Lithium


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Maiden Mineral Resource Estimate of

301,000 ounces gold

Category Tonnes Grade (g/t Au) Contained Gold (oz)Indicated 4,455,000 1.35 193,000Inferred 2,730,000 1.23 108,000

BAM East Gold Deposit

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Discovery to Resource (Canadian NI43-101)

One year from discovery to Maiden Resource Estimate.Discovery drill-hole 0415-517 drilled in December 2015. Resource cut-off 3rd January 2017

US$5 per ounce of gold discovery cost. Total expenditure for Landore Canada in 2016, US$1.5 million

36 ounces of gold per metre discovery rate. 8,436 metres drilled on the BAM East Gold project, including exploration

Discovery of the Year Award-North West Ontario Prospectors Association ‘Bernie Schnieders’ Award for the Discovery of the Year 2016.


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9,005 metre drilling program to infill and expand the newly defined Central zone

2,055 metre drilling program to test highly prospective targets along the Junior Lake shear zone

Resource upgrade commenced for Q4 completion

Q 2 / 3 2 0 1 7

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Landore Resources Ltd.Additional Works in 2017

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Landore Resources Ltd.Infill and Extension Drilling 2017


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Potential Open Pit Operation• Close to surface +30 metres wide

gold mineralisation

• Consistent gold grades for one kilometre of strike length.

• Step out drilling for a further 500 metres to the east and show similar lithology and grades

• Drilling 1 kilometre to the west has identified a potential satellite deposit

• Open to the east and west along strike and at depth

• Potential for the initial development to be progressed as a low cost, bulk tonnage, open pit operation


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Preliminary Metallurgical Assessment

• Simple processing path

• Maximum recovery

• Low CAPEX and OPEX

Preliminary Metallurgical Tests reported

97 to 99 percent recovery by gravity concentration followed by cyanidation leach extraction of the gravity tail

58 percent gravity concentration feed gold recovery to the pan concentrate

2 to 6 hours to near-peak gold extraction with rapid gold leach kinetics at a nominal primary grind sizing of 75µm K80

Prepar ing fo r Deve lopment

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Junior Lake ProjectPreparing for Development

Mining Leases

• 3 mining leases covering 3,676 hectares • 21 years renewable for further terms of 21

years

Landore has the right, subject to provisions of certain Acts and reservations, to:

• Sink shafts, excavations etc., for mining purposes

• Construct dams, reservoirs, railways, etc., as needed

• Erect buildings, machinery, furnaces, etc., as required and to treat ores

Baseline Studies

• Baseline surface water quality monitoring of area lakes and streams on-going since 2007

• Environmental Baseline study of Vegetation, Wildlife, Fish and Fish Habitat

• Bathymetry Study of Ketchikan Lake (adjacent to VW Deposit)

Performed since 2007 by Golder Associates Ltd.

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Junior Lake Project

Proposed Hydro Station Little Jackfish River Junior

Lake

Good road access

Abundant water

Proposed hydropower generating station (approx.20kms)

Canadian National Rail (approx. 13kms)

Thunder Bay port facilities

Infrastructure

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Landore signs updated Memorandum of Understanding (MOU) with Whitesand First Nation, 2012

And with

Animbiigoo Zaagi iganAnishinaabek (AZA) First Nation, 2013

Junior Lake ProjectSocially Responsible

Jun io r Lake N icke l Pro jec t

19K a t r i n a Z o n e , V W N i c k e l D e p o s i t

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Massive sulphide drill core, B4-7 Deposit

Works Completed Since Last Resource Update Late 2012 to 2015.Drilling• 23,300 metres diamond drilling (16,910 metres of

which on B4-7, VW Deposits)

Geophysics• Ground and borehole geophysics

Studies• Geotechnical works, B4-7 open pit optimization• Mineral potential investigation• Junior Lake geophysics review

Planned Works (Pending Favourable Market Conditions)• Update resource to include the above works• Pre-Feasibility Studies

NI 43-101 Compliant ResourcesB4-7 33,248 tonnes at 1.24% NiEqVW 21,760 tonnes at 0.49% NiEq+B4-7 Exploration Target

~20,000 tonnes at ~1.24% NiEq

Junior Lake Nickel Project

Junior Lake Nickel ProjectB4-7 Deposit – Down Plunge Potential

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Other Proper t ies and Asse ts

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Junior Lake Lithium Prospects

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Occurrences

DespardLithium Occurrence

Swole Lake Lithium Occurrence Spodumene bearing

pegmatite: Discovered by Landore

Drill hole 0411-304 returning intersections of 1.12% Li2O over 3.1m and 1.14% Li2O over 8.8m.

The Tape Lake Lithium Occurrence Rock chip samples from one pegmatite

dyke returning 1.036%, 1.219% and 2.374% Li2O.

MIMINISKA LAKE, ONTARIO (100%)– GOLD

LESSARD, QUEBEC (100%)– COPPER , ZINC, SILVER

• Exploration Target-503,000 tonnes at 5.34g/t for 86,357oz Au

Other Properties and Assets

• Inferred Resource (NI43-101 compliant)-740,000 tonnes at 1.88% Cu + 3.50% Zn + 38.62g/t Ag and 0.84g/t Au for a NSR value of US$206.52/t

• Indicated Resource (NI43-101 compliant) 84mlbs of Ni and 58 mlbs of Cu.

WEST GRAHAM, ONTARIO (30%) – NICKEL, COPPER

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Corpora te In fo rmat ion

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Corporate Strategy

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Focus on the highly prospective Junior Lake Property

Expansion of the existing B4-7 and VW compliant resources to +100,000 tonnes of Nickel Equivalent with objective to either develop in JV partnership or sell outright

Advance the newly-discovered BAM East Gold Deposit to +1 million ounce gold resource and commence pre-feasibility studies in 2018

Sale or JV of non-core assets

Upgrade Mineral Resource estimate

Metallurgical, base line and other studies

Field exploration east-west BAM East strike extension

Geophysics east-west along strike

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Landore Resources Ltd.Works Q3/4 2017

S t u d i e s

L a n dLand acquisition east-west of Junior lake

Landore-Lamaune consolidation

Lamaune mining lease survey

Duel listing on Toronto Stock Exchange by Q1 2018C o r p o r a t e

Appoint Senior Management, together with Project Team for Junior LakeProject

20,000 metre drill program to expand the existing BAM East Gold Depositalong strike to the east and west and down dip with target of +1 millionounces gold

Complete scoping studies including preliminary pit and processing design.Commence Pre-Feasibility studies

Permit and construct 50,000 cubic metre trial Gravity-Heap Leachprocessing plant with associated mining and infrastructure as part of Pre-Feasibility studies

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Landore Resources Ltd.Planned Works and Budget for 2018

O c t o b e r 2 0 1 7 w w w . l a n d o r e . c o m


bam east gold prospect

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