Quia Resources Reviews Strategic Alternatives

Quia Resources Inc. ("Quia" or the "Company") (TSX VENTURE:QIA) announces that
its Board of Directors has commenced a review of strategic alternatives for the
Company with the objective of enhancing shareholder value. As part of the
strategic review process, the Company will be examining a number of alternatives
including, but not limited to, joint ventures, strategic partnerships, mergers,
acquisitions, and the sale of the Company or other corporate transactions to
enhance shareholder value. There can be no assurance that any transaction will
result. In the mean time, the Company will continue pursuing financing to
continue exploration of its San Lucas project in Colombia. 


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. 


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 includfe, 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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Quia Resources Inc.
Yannis Banks
Chief Executive Officer
(416) 777-6169
ybanks@quiaresources.com

Quia Resources Inc. (TSXV:QIA)
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