Quia Resources Announces Agreement To Acquire Two Adjacent Concessions

Quia Resources Inc. ("Quia" or the "Company") (TSX VENTURE:QIA) announced today
that it has entered into an agreement to acquire two concessions totaling 2,158
hectares adjoining its San Lucas property. Upon closing of the acquisition,
which is expected to occur upon completion of a 60 day due diligence period, the
two concessions would bring Quia's property holdings to a total of 9,138
hectares in the Guamoco district of the San Lucas gold belt. 


The two concessions adjoin Quia's current concessions and in particular they
fill in an approximate 4 km by 2 km gap between the current Rueda South and
Durmiente target areas and a previously held concession (22023) 2 km to the
south. Previously completed soil sampling and geophysics have suggested some of
the target trends continue across the newly acquired ground. The acquisition
also extends the company's holdings approximately 5 km to the north of the
current area of focus and also contains additional areas to the north-east and
north-west. 


Yannis Banks, Quia's CEO commented: "This acquisition has dramatically increased
the scale potential of our already significant targets and adds more highly
prospective ground to our portfolio. It also further positions us to be a
consolidator by extending coverage over the heart of this district which we
believe has the potential to become one of Colombia's major gold camps." 


Based on previously completed soil sampling and geophysics, this acquisition
appears to consolidate the Durmiente trend over more than 2.5 km from the
current area of focus trending south-west across the newly acquired concession
and onto concession 22023 to the south. The Durmiente trend is defined by a
magnetic high, gold-in-soil anomalies, and a series of artisanal mines that can
be traced for more than 3 km. The new acquisition also appears to contain the
extension of the Rueda South targets. 


The company is planning to complete a soil sampling and geological mapping
program over the newly acquired area in order to better define the extensions of
the Rueda South and Durmiente targets. 


Per the terms of the agreement, Quia, through a wholly-owned subsidiary, will
pay consideration of US $2,000,000 over a period of 4 years and pay bonus
payments of US $325,000 within 30 days of completing a Preliminary Economic
Assessment, US $1,300,000 within 30 days of completing a Pre-Feasibility Study
and pay US $5 per ounce of gold reserves as defined in a definitive Feasibility
Study (as such terms are defined by the Canadian Institute of Mining, Metallurgy
and Petroleum), payable within 60 days of filing. In addition, the Company has
agreed to pay a finder's fee with respect to the acquisition, subject to
regulatory approval, of COP 20,000,000 (approximately CA $11,268) and issue
250,000 common shares of the Company.


About Quia Resources Inc. 

Quia Resources is a gold exploration Company focused in Colombia and its
100%-owned San Lucas property in the San Lucas gold belt. The San Lucas gold
belt is among the least explored and most prospective gold belts in Colombia.
Quia is an early-mover into this belt and has established a key property
position and a strong base of technical knowledge in the area. 


Iain Kelso, P. Geo., is the Qualified Person for the information contained in
this press release and is a Qualified Person within the terms defined by
National Instrument 43-101.


Forward-Looking Statements

This press release contains or refers to forward-looking information, including
statements regarding exploration results, potential mineralization, exploration
plans and timing of the commencement of drilling, and is based on current
expectations that involve a number of business risks and uncertainties. Factors
that could cause actual results to differ materially from any forward-looking
statement include, but are not limited to, delays in obtaining or failures to
obtain required governmental, environmental or other project approvals,
political risks, uncertainties relating to the availability and costs of
financing needed in the future, changes in equity markets, inflation, changes in
exchange rates, fluctuations in commodity prices, delays in the development of
projects and the other risks involved in the mineral exploration and development
industry. Forward-looking statements are subject to significant risks and
uncertainties, and other factors that could cause actual results to differ
materially from expected results. Readers should not place undue reliance on
forward-looking statements. These forward-looking statements are made as of the
date hereof and the Company assumes no responsibility to update them or revise
them to reflect new events or circumstances other than as required by law.
Quia Resources Inc. (TSXV:QIA)
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