LRA Lara Exploration Ltd

Lara Exploration Ltd. (TSX VENTURE:LRA) announces the adoption by its Board of
Directors of an Advance Notice Policy in respect of the election of directors. 


Advance Notice Policy

The purpose of the Policy is to provide shareholders, directors and management
of the Company with a clear framework for nominating persons for election as
directors of the Company. No person will be eligible for election unless
nominated in accordance with the Policy.


The Policy was adopted to further the Company's commitments to: (i) facilitating
an orderly and efficient annual general or, where the need arises, special
meeting, process; (ii) ensuring that all shareholders receive adequate notice of
the director nominations and sufficient information regarding all director
nominees; and (iii) allowing shareholders to register an informed vote after
having been afforded reasonable time for appropriate deliberation. 


The Policy requires advance notice to the Company where nominations of persons
for election to the Board of Directors are made by shareholders. The Policy
fixes a deadline by which nominations of potential directors must be submitted
to the Company prior to any annual or special meeting of shareholders and sets
forth the information that must be included in the notice to the Company. 


For annual general meetings of shareholders, notice to the Company of
nominations of potential directors must be made not less than 35 days and not
more than 60 days prior to the date of the meeting but if the annual meeting is
to be held on a date that is less than 50 days after the date on which the first
public announcement of the date of the annual meeting was made, notice may be
made not later than the close of business on the 10th day following such public
announcement.


For special general meetings of shareholders called for the purpose of electing
directors (whether or not called for other purposes), notice to the Company of
nominations of potential directors must be made not later than the close of
business on the 15th day following the day on which the first public
announcement of the date of the special meeting was made.


Pursuant to the terms of the Policy, the Company will seek shareholder
ratification of the Policy at its next annual general meeting of shareholders,
which has been called for May 28, 2014. The Company also intends to formalize
the Policy by incorporating its terms into its Articles, subject to obtaining
shareholder approval at that meeting. 


The full text of the Policy is available under the Company's profile at
www.sedar.com and on the Company's website (www.laraexploration.com).


Appointment of new President

Lara also announces that Miles Thompson has replaced Andre Gauthier as President
of the Company. Andre will continue as a member of the Board of Directors of the
Company and remain involved in the Company's business development in Peru and
the Andean Region.


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. 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 7603 0010
www.laraexploration.com

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