RCS - Landore Resources Ld - Awarded OJEP Grant

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RNS Number : 8168Y  Landore Resources Limited  31 March 2026

31 March 2026

LANDORE RESOURCES LIMITED

Landore Awarded Ontario Junior Exploration Program (OJEP) Grant

London, United Kingdom - 31 March 2026 - Landore Resources Limited (AIM: LND)
("Landore Resources" or the "Company") is pleased to announce it has been
awarded the maximum allowed non-dilutive funding of C$215,000 from the Ontario
Junior Exploration Programme (OJEP), a provincial initiative designed to
support early-stage mineral exploration and development in Ontario. The OJEP
programme helps junior mining companies defray a portion of eligible
exploration and development costs, accelerating project timelines and creating
employment opportunities in northern and Indigenous communities.

This OJEP funding will be directly applied to enhancing and expediting
Landore's planned field programmes and technical evaluation on priority
targets at Junior Lake. This strategic support not only strengthens Landore's
project momentum but also underscores the Ontario government's confidence in
the Junior Lake Project.

Sale of Shareholding in Storm Exploration

Landore also confirms that it has completed the sale of its entire
shareholding in Storm  Exploration Inc. ("Storm"), a non-core investment
previously held on the Company's balance sheet. The divestment streamlines
Landore's asset base and realises value that can be reallocated to its core
projects. Proceeds from the sale have been received in full.

Landore Resources' CEO, Alexander Shaw, commented:

"The OJEP award coupled with the sale of our non-core interest in Storm
Exploration, is a welcome source of non-dilutive capital that strengthens our
ability to carry out our 2026 field programme. They enhance our financial
flexibility and ensure we remain focused on advancing our principal assets in
Ontario."

 

Please see the March edition of the newsletter for further information:
https://investors.landore.com/newsletter-march
(https://investors.landore.com/newsletter-march)

 

Engage with us by asking questions, watching video summaries and seeing what
other shareholders have to say on our Interactive Investor hub here: Landore
Resources Investor Hub (https://investors.landore.com/)

 

For further information, please contact:

 

 Landore Resources Limited

 Alexander Shaw (CEO)                                        contact@landore.com

 Engage with the company directly                            Landore Resources Investor Hub (https://investors.landore.com/link/XyM8bP)
 Strand Hanson Limited (Nominated Adviser and Joint Broker)

 James Dance / Matthew Chandler / Harry Marshall             Tel: 020 7409 3494
 Hannam & Partners (Joint Broker)

 Andrew Chubb / Matt Hasson                                  Tel: 020 7907 8500
 AlbR Capital Limited (Joint Broker)                         cr@albrcapital.com (mailto:cr@albrcapital.com)

 Colin Rowbury                                               Tel: 020 7469 0930

 Burson Buchanan (Financial PR)

 Bobby Morse / Jude Stokes                                   landore@buchanancomms.co.uk

                                                             Tel: 020 7466 5000

 

Subscribe to our news alert service: https://investors.landore.com/auth/signup
(https://investors.landore.com/auth/signup)

About Landore Resources

Landore Resources (AIM: LND) is the 100% owner of the highly prospective BAM
Gold Project, Northwestern Ontario, Canada, which has an inside pit shell MRE
independently prepared in accordance with the 2019 CIM Best Practice
Guidelines comprising 622.3 koz from 19.1 Mt @ 1.01 g/t Au of Indicated
Resource and 33.7 koz from 1.1Mt @ 0.96 g/t Au of Inferred Resource. Ontario
is Canada's largest gold producing province. Landore Resources' strategic
objective is to crystallise value from its BAM Gold Project as well as
generating additional value from its non-core portfolio of precious and
battery metals projects in eastern Canada and the USA.

 

 

- ENDS -

 

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