LRA Lara Exploration Ltd

Lara Exploration Ltd. ("Lara" or the "Company") (TSX VENTURE:LRA) is pleased to
report that it has signed an amendment to extend the option given to Aguia
Resources Ltd. ("Aguia"), to acquire Lara's Sergipe Potash Project in northeast
Brazil.


Under the terms of the amendment, Aguia has committed to pay US$400,000 in
stages to Lara (US$100,000 of which was paid on signing) by June 30, 2015 and
issue four million new Aguia shares to Lara by March 31, 2014. Aguia has also
committed to complete a drill hole on the property before June 30, 2015 or
failing that issue to Lara a further eleven million Aguia shares. In the event
that Aguia completes the drill hole ahead of the June 30, 2015 deadline, it may
then elect to issue Lara eleven million Aguia shares to acquire a 100% interest
in the project.


Lara's Sergipe Potash Project comprises 21,483 hectares of exploration licenses
that are adjacent and complementary to the licenses already held by Aguia,
covering northern extensions of the potash-bearing sedimentary units of the
Taquari-Vassouras Mine (operated by Vale SA). These license areas have been
explored for oil and gas in the past and a database of seismic surveys and
exploration drilling is available through the Brazilian National Petroleum
Agency ("ANP"). This data includes eight wells drilled within Lara's license
areas, several of which intercepted potash, with the best drilled intercept a
cumulative 37.6 meters of potash mineralization in ten separate sedimentary
units between 1,710 and 1,806 meters depth. Aguia holds approximately 68,700
hectares of licenses covering both northern and southern extensions of this
potash producing basin, in addition to an exciting new phosphate discovery in
southern Brazil.


Quality Control

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". 


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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