Update on Option Agreement

London, United Kingdom - 19 August 2024 - Landore Resources Limited (AIM: LND) ("Landore Resources" or the "Company"), further to its previous announcement of 3 July 2024 in relation to the Option Agreement to dispose of a 100% interest in its Miminiska Lake and Keezhik Lake properties in the Thunder Bay Mining District, Northern Ontario between Landore Resources Canada Inc. ("Landore") and Storm Exploration Inc. (TSX-V: STRM) ("Storm"), announces that it has agreed a rescheduling and extension of up to 18 months in respect of the remaining amount payable by Storm to Landore.

The remaining payments due to Landore are now scheduled for receipt as follows*:

Notes:

* - all amounts shown are in Canadian dollars.

** - Storm can elect to make Convertible Cash payments in cash or new Storm shares with the number of shares to be determined by reference to the 30-day volume weighted average price prior to the date of election.

All other details of the Option Agreement remain unaltered and a further update will be provided in due course as appropriate.

The Company's primary focus remains on the further exploration and development of its 100% owned BAM Gold Project, Northwest Ontario, Canada, on which a separate progress update will be provided in the near term.