Lara Exploration Ltd.: Drilling Restarts at Liberdade in Northern Brazil

Lara Exploration Ltd., (TSX VENTURE:LRA) ("Lara" or the "Company") is pleased to
report that joint venture partner Codelco do Brasil Mineracao Ltda. ("Codelco")
has resumed drilling at the Company's Liberdade Copper Project in the Carajas
District of northern Brazil. 


Codelco has mobilized two rigs to site, a diamond drilling rig that started work
in late April and subsequently a reverse circulation rig. The current program
comprises drill holes targeting extensions on and infill of the Fortuna target,
where significant mineralized intercepts have already been made (see Company new
release of March 1st, 2013 for details) and holes to test other targets.
Additional magnetometry and geochemical surveys are underway in various part of
the property, both to better define drill targets and test other areas. 


The Liberdade Copper project comprises an Exploration License of 8,491 hectares,
located in the Municipality of Sao Felix do Xingu, Para State, at the western
end of the prolific Carajas District. Codelco can earn an initial 51% interest
in the property by investing US$3 million in exploration over a four-year period
and may then elect to earn a further 24% interest by sole-funding such
additional exploration works as are necessary to define a minimum resource of at
least 500,000 tons of copper equivalent, independently reported under National
Instrument 43-101 guidelines. 


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 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 primarily
in Brazil and Peru, where it has signed agreements for fourteen Joint Ventures
and three Strategic Alliances. Lara's common shares trade on the TSX Venture
Exchange under the symbol "LRA". 


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

Lara Exploration (TSXV:LRA)
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