Quia Resources Announces Non-Brokered Private Placement of Up to $500,000

Quia Resources Inc. (TSX VENTURE:QIA) ("Quia" or the "Company") is pleased to
announce that it intends to complete an offering ("Offering") for aggregate
gross proceeds of up to $500,000 consisting of up to 100,000,000 common shares
("Common Shares") at a price of $0.005 per Common Share. 


Finders will be entitled to a cash commission in the amount of 8% ("Finder's
Fee") of the gross proceeds received from the sale of the Common Shares, and
Finder's Warrants ("Finder's Warrant") equal to 8% of the Common Shares issued
pursuant to the Offering. Each Finder Warrant will be exercisable into Common
Shares at a price of $0.05 ("Finder Warrant Exercise Price") exercisable at any
time until 24 months from the Closing Date. All shares issued pursuant to the
Offering, and any shares issued pursuant to the exercise of Finder's Warrants
will be subject to a four-month hold period from the Closing date.  


The proceeds of the Offering will be used for working capital, property canon
payments and ancillary property related obligations, and to satisfy various
liabilities. 


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 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. 


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release. 


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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