Landore Resources Limited - West Graham-First Nickel option



    (AIM Ticker: LND.L)

    DRILLING REPORT

    TORONTO, April 3 /CNW/ - First Nickel Inc. ("First Nickel") has entered
into an option agreement with Landore Resources Canada Inc. to acquire a 70
per cent. interest in the West Graham property which is strategically located
immediately to the south of the East Zone of the Lockerby Mine within the
Sudbury basin.
    First Nickel is carrying out exploration on Landore's West Graham
property and in December 2006 completed its second drilling programme. The
following is an extract from their recently published results:
    "April 2 2007 - Toronto, Ontario - First Nickel Inc. (FNI - TSX) is
pleased to report the results of 21 diamond drill holes representing 9,731
metres of diamond drilling on the West Graham Property during the 2006
exploration program.
    First Nickel's exploration program was successful in discovering "no
seeum" or low sulphide type platinum group element (PGE) mineralization,
hosted in the footwall granites stratigraphically below the Conwest Deposit
and associated with a Subury breccia and less than 5% sulphides. FNI2020,
drilled sub parallel to the Sudbury Igneous Complex (SIC) contact in the
footwall of the Conwest Deposit, intersected several zones of elevated PGE
mineralization including 1.35 metres of 1.82 gpt Pt, 1.17 gpt Pd and 0.77 gpt
Au and 0.57 metres of 2.7 gpt Pt, 1.93 gpt Pd and 0.13 gpt Au. All assay
intervals reported are core length and do not represent true widths (defined
as being measured at right angles to the direction of extension of the
sulphide body).
    This low sulphide, PGE zone represents a new mineralization style not
previously recognized on the West Graham Property. Limited exploration has
been focused on footwall-hosted mineralization on the West Graham property and
the discovery of this new zone of "noseeum" style PGE mineralization
emphasizes the potential of the West Graham property to host additional
footwall zones. Surface mapping has identified Sudbury breccia extending
several hundred metres into the footwall granites that will require further
follow-up exploration.
    First Nickel was also successful in extending the disseminated sulphide
zone associated with the Conwest Deposit approximately 125 metres to the east
of the previously interpreted edge. Several holes intersected significant
widths of disseminated nickel-copper 2 mineralization, including hole FNI2028
that intersected 71.50 metres of 0.51% Ni and 0.34% Cu including 4.80 metres
of 1.04% Ni and 0.31% Cu, and FNI2016 that intersected 19.05 metres of 0.52%
Ni and 0.48% Cu.
    The reconnaissance drill hole program was designed to test the SIC
contact on 50 metres by 150 metres centres to the east of the Conwest Deposit.
The 2006 exploration program has confirmed the presence of a large mineralized
system associated with the SIC. The Conwest deposit has been interpreted as
the up-plunge extension of the Lockerby East system. Although dominated by
lower grade mineralization, the West graham Property remains of considerable
interest to First Nickel given the high nickel tenors associated with the
sulphide mineralization (on average greater than 6% Ni in 100% sulphide), and
the footwall potential of the granites to the south of the Conwest Deposit and
the Lockerby East Zone.


    
    -------------------------------------------------------------------------
    Hole     From    To      Length Ni    Cu    Co     Au    Pt    Pd    Ag
    -------------------------------------------------------------------------
                 Metres             %     %     %      ppm   ppm   ppm   Gpt
    -------------------------------------------------------------------------
    FNI2010  450.00  451.10  1.10   1.79  0.20  0.040  0.05  0.46  0.08  1.00
    -------------------------------------------------------------------------
    FNI2011  425.95  426.45  0.50   1.59  0.07  0.030  0.01  0.34  0.09  0.70
    -------------------------------------------------------------------------
    FNI2012  297.90  309.10  11.20  0.43  0.36  0.016  0.04  0.08  0.03  1.78
    -------------------------------------------------------------------------
    and      374.20  374.30  0.10   0.12  2.20  0.001  1.63  0.01  0.03 13.30
    -------------------------------------------------------------------------
    FNI2013  448.10  453.80  5.70   0.45  0.63  0.015  0.07  0.40  0.11  2.60
    -------------------------------------------------------------------------
    and      460.60  465.20  4.60   0.93  0.61  0.027  0.14  0.18  0.09  2.35
    -------------------------------------------------------------------------
    Incl.    460.60  461.30  0.70   1.98  0.41  0.060  0.15  0.06  0.18  1.60
    -------------------------------------------------------------------------
    FNI2015  378.30  379.60  1.30   1.39  0.65  0.040  0.09  0.17  0.37  3.40
    -------------------------------------------------------------------------
    FNI2016  430.80  449.85 19.05   0.52  0.48  0.019  0.05  0.09  0.03  2.23
    -------------------------------------------------------------------------
    Incl.    447.25  447.60  0.35   3.77  0.36  0.090  0.01  0.36  0.04  2.70
    -------------------------------------------------------------------------
    FNI2020  663.60  664.95  1.35   0.18  0.14  0.001  0.77  1.82  1.17  3.31
    -------------------------------------------------------------------------
             673.70  674.00  0.30   0.08  0.04  0.001  0.24  1.05  0.56  0.70
    -------------------------------------------------------------------------
             675.43  676.00  0.57   0.21  0.07  0.001  0.13  2.70  1.93  2.10
    -------------------------------------------------------------------------
             683.95  684.90  0.95   0.06  0.00  0.001  0.04  1.00  0.69  1.00
    -------------------------------------------------------------------------
             733.30  736.20  2.90   0.38  0.45  0.005  0.26  0.64  0.37  4.94
    -------------------------------------------------------------------------
    FNI2028  163.00  234.50 71.50   0.51  0.34  0.018  0.02  0.06  0.02  1.70
    -------------------------------------------------------------------------
    Incl.    189.00  203.30 14.30   0.83  0.44  0.029  0.02  0.07  0.03  1.85
    -------------------------------------------------------------------------
    Incl.    189.00  189.70  0.70   2.29  0.93  0.080  0.02  0.06  0.06  4.00
    -------------------------------------------------------------------------
    Incl.    198.50  203.30  4.80   1.04  0.31  0.033  0.02  0.07  0.03  1.29
    -------------------------------------------------------------------------
    FNI2029  157.70  169.70 12.00   0.51  0.31  0.023  0.02  0.06  0.02  1.53
    -------------------------------------------------------------------------
    Significant Drill Intercepts in the 2006 West Graham Diamond Drill Hole
    Programs
    

    A $900,000 exploration program has been proposed for the West Graham
Property in 2007. The exploration program will consist primarily of diamond
drilling with associated borehole geophysics and may include a component of
surface stripping and trenching."
    %SEDAR: 00008466E




For further information:

For further information: Bill Humphries, Chairman, 07734 681262; Richard
Prickett, Chief Executive, 07775 651421, Landore Resources Limited; Simon
Raggett, 020 7409 3494, Strand Partners Limited; David Bick, 07831 381201


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