LRA Lara Exploration Ltd

Lara (TSX VENTURE:LRA) announces the expiration of the letter of intent dated
November 29, 2013 whereby Lara and privately held Kiwanda Mines (NA) LLC agreed
to sell to Nebo Capital Corp. (TSX VENTURE:NBO.P) their interests in certain
coal properties and assets in Colombia, comprising:


1. A 19.91% equity interest in Carbhid SAS, a coal producer which holds an
operating contract on the Escalones concession in the Boyaca district, where it
is developing underground coal mining operations targeting thermal and
metallurgical-grade coal; 


2. The option to earn a 51% interest in all of Carbhid's interests in the
Escalones Property, in return for investing $830,000 in exploration and
development of the property by December 30, 2014;


3. The option to acquire a 75% interest in the Pelaya exploration prospect, in
the Cesar district of northern Colombia for payments of US$ 3.8 million over
five years and exploration work commitments; and


4. A 100% interest in Andean Coal Alliance (BVI) Ltd, a company incorporated in
the British Virgin Islands and owned by Lara (50%) and Kiwanda (50%).


Lara and Kiwanda may re-examine the proposed transaction with Nebo in the coming
weeks, but in any case intend to continue to seek a transaction to advance and
develop the Colombian interests. 


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 twelve Joint
Ventures and 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
info@laraexploration.com
www.laraexploration.com

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