LRA Lara Exploration Ltd

Lara Exploration Ltd. ("Lara" or the "Company") (TSX VENTURE:LRA) is pleased to
report advances towards a mining permit for its Curionopolis Iron Project and
encouraging results from mineralogical studies on its Itaituba
Iron-Titanium-Vanadium Project; both projects are located in Para State,
northern Brazil.


Curionopolis Iron Project

The Brazilian Department of Mines ("DNPM") has approved the Final Exploration
Report ("RFP") for the Curionopolis Iron Project. The report, filed in early
2013, detailed resource calculations and preliminary economic studies for the
project. Work now continues on completion of environmental and engineering
studies in order to apply for a full Mining License. Lara is entitled to
royalties of US$1.50/ton on sales of granular iron ore and US$0.75/ton on sales
of fine-grained iron ore produced from the Curionopolis Project.


Itaituba Iron-Titanium-Vanadium Project

Mineralogical studies have been carried out on behalf of the Company by SGS
Lakefield Oretest in Perth, Western Australia on a representative, relatively
unweathered sample of mineralization from the Company's 100%-owned Itaituba
Iron-Titanium-Vanadium Project.


QUEMSCAN analyses have confirmed the presence of potentially economic contents
of iron, titanium and vanadium. Three size fractions were studied (-850+500um,
-500+106 um and -106 um) with analyses indicating an iron content ranging from
43.48 to 49.19%, titanium content from 12.16 to 15.21% (20.2 to 25.3% titanium
dioxide) and vanadium content from 0.26 to 0.27% (0.46 to 0.48% vanadium
pentoxide) with the highest values for all elements reporting to the two coarser
fractions and the lowest values reporting to the finest fraction. QUEMSCAN also
indicates better than 90% liberation of titanium-rich magnetite ("Ti-magnetite")
as free grains or grains locked with ilmenite in all the size fractions, whereas
ilmenite is at best (85%) liberated in the finest fraction.


Mineralogical studies indicated that the sample is dominated by titanium-rich
magnetite making up 85.2% of the rock, ilmenite 6.28%, goethite 5.5% and silica
gangue of micas and clays less than 3%. Total sulphide content is less that 0.2%
and the trace content of phosphorous-bearing apatite is less than 0.01%.
Magnetite and hematite constitute only 0.13% and 0.49% of the rock,
respectively.


The Itaituba Project is located 30 km southeast of the town of Itaituba on the
Tapajos River and is cut by the paved Santarem-Cuiaba highway. To date
geological mapping and geophysical surveys undertaken by Lara have outlined a
cluster of more than fifteen Ti-magnetite bodies, with widths up to 50 metres
and strike lengths from 50 to more than 150 metres, that occur as sub-vertical
and sub-parallel dyke-like or sheeted bodies in the central part of a
north-south trending gabbro intrusion.


Quality Control: 

QUEMSCAN is an automated electron beam mineralogical technique, based on a
Scanning Electron Microscope (SEM) with four light-element energy dispersive
X-ray spectrometers (EDS). Qualitative descriptions and quantitative
measurements are based on observations made in two dimensional sections through
polished blocks of the sample. Optical microscope studies were applied to
differentiate between magnetite and hematite which cannot be reliably
distinguished by QUEMSCAN alone, and chemical analyses are carried out to
reconcile the QUEMSCAN results.


Michael Bennell, Lara's Vice President Exploration and a Fellow of the
Australasian Institute of Mining and Metallurgy (AusIMM), is a qualified person
as defined by the National Instrument 43-101 Standards of Disclosure for Mineral
Projects and is responsible for the preparation and verification of the
technical information in this 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 twelve Joint
Ventures and Strategic Alliances. Lara's common shares trade on the TSX Venture
Exchange under the symbol "LRA". 


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
info@laraexploration.com
www.laraexploration.com

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