25 July 2022

Landore Resources Limited

("Landore Resources" or the "Company")

Exercise of Options, PDMR Dealing, Issue of Equity and Total Voting Rights

Landore Resources Limited (AIM: LND) announces it was notified on 25 July 2022 that William Humphries, Chief Executive Officer, exercised options in respect of 300,000 ordinary shares of no par value at an exercise price of 16.1 pence each ("Share Options"), for which funds of £48,300 have been received by the Company.

Following the exercise of the Share Options, William Humphries has an interest in 5,916,041 ordinary shares, representing 5.13 per cent. of the enlarged issued share capital of the Company, and has 3,450,000 share options outstanding.

Issue of Equity and Admission

Application will be made for the admission of the new ordinary shares pursuant to the exercise of the Share Options (the "New Ordinary Shares") to trading on AIM ("Admission"). The New Ordinary Shares will rank pari passu with the existing Ordinary Shares and it is expected that Admission will become effective on or around 8.00 a.m. on 29 July 2022.

Following Admission, the Company's issued share capital will consist of 115,346,391 Ordinary Shares with voting rights. Landore Resources does not hold any Ordinary Shares in treasury. This figure of 115,346,391 may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they require to notify their interest in, or a change to their interest in, the share capital of the Company under the UK Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

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