Laconia Resources Limited announced that Electromagnetic and Magnetic Modelling have been completed for exploration targets KB01 and KB05 on its 100% owned Kraaipan Gold-Nickel-Copper-PGM Project in southern Botswana. The positive results from this geophysical modelling have been interpreted to strengthen the prospectivity of these exploration targets. As a result, targets KB01 and KB05 have been ranked as Highest Priority and drill holes have been planned. Geophysical Modelling Results: Electromagnetic Target KB01 is an excellent EM anomaly that coincides with a north-northwest to south-southeast trending relatively high magnetic anomaly, interpreted to be a BIF rock unit. Along strike of this relatively high magnetic anomaly is a gold anomalous zone of at least 1.4 kilometres long and up to 600 metres wide. Electromagnetic Target KB05 is a relatively poorly constrained EM anomaly that coincides with a north-south trending relatively high magnetic anomaly interpreted to be a BIF rock unit. Adding to the prospectivity of this exploration target is the observation that a northeast-southwest trending gold anomalous zone of at least 3km long, up to 150m wide crosses the north-south trending relatively high magnetic anomaly exactly where KB05 is situated. Due to the prospectivity of the KB01 and KB05 exploration targets, drill holes have been planned and both targets will be tested during Laconia's upcoming drill program scheduled to start in early November.