Lara Exploration Ltd. (TSX VENTURE:LRA), ("Lara" or the "Company") and a wholly
owned subsidiary of Antofagasta plc ("Antofagasta"), are pleased to report that
permitting has been completed for the first round drill program at the Sami
Gold-Copper Project in southern Peru, with an initial 1,000 metre program now
scheduled to commence shortly. 


Authorization has been received from the General Mining Directory of the
Ministry of Mines and Energy in accordance with the new regulations implemented
in July 2012. The Company and Antofagasta have also secured a water use permit
from the National Water Authority (Autoridad Nacional de Agua) and signed a
one-year work agreement with the local Huancasancos community.


Andre Gauthier, President of the Company commented, "The permitting process took
approximately five months from the start in mid July 2013 and Lara is very
grateful for the support received from the people of the Huancasancos community,
the government entities and the various professionals that have contributed to
this complex but ultimately successful process." 


The Sami Gold-Copper Project, located in the Ayacucho and Huancavelica
departments of southern Peru, comprises approximately 50,000 hectares of mineral
rights. Lara has completed exploration work outlining 20 gold-copper targets
associated with high and low sulphidation epithermal style alteration
assemblages, with quartz veining, siliceous bodies, hydrothermal breccias and
oxidized vein stockworks, which are interpreted as being related to possible
underlying porphyry systems that the Company and Antofagasta are now targeting
with this program. 


Under the Agreement with Lara, Antofagasta has the option to invest US$6 million
in exploration over four years to earn an initial 55% interest in the project,
of which the first year expenditures of US$500,000 are a firm commitment.
Thereafter, Antofagasta can elect to earn an additional 5% interest over two
years by completing a Preliminary Economic Assessment and a further 15% (for a
total of 75%) by completing a Feasibility Study within nine years. Antofagasta
is the project operator, with Lara providing continuity and support with
community relations and permitting. 


Quality Control

Andre Gauthier, Lara's President, a member of the Quebec Order of Engineers, is
a Qualified Person as defined by National Instrument 43-101 Standards of
Disclosure for Mineral Projects and has verified, and approved the disclosure
of, the technical information in this news release.


About Lara

Lara is an exploration company following the Prospect Generator business model,
which aims to minimize shareholder dilution and financial risk by generating
prospects and then exploring them in joint ventures funded by partners. The
Company currently holds a diverse portfolio of prospects and deposits in Brazil,
Peru, Colombia and Chile, where it has signed agreements for eleven Joint
Ventures and three Strategic Alliances. Lara's common shares trade on the TSX
Venture Exchange under the symbol "LRA". 


For further information on Lara Exploration Ltd. please consult our website
www.laraexploration.com.


Neither the TSX Venture Exchange nor the Investment Industry Regulatory
Organization of Canada accepts responsibility for the adequacy or accuracy of
this release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Lara Exploration Ltd.
Chris MacIntyre
VP Corporate Development
+1 416 703 0010
www.laraexploration.com
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