Maxy Gold Corp.: Press Release

MAXY GOLD CORP. (TSX VENTURE:MXD) is pleased to report that it has signed a
Letter of Intent ("LOI") with the Tier 1 TSX Venture Exchange listed company,
Lara Exploration Ltd. (LRA, "Lara"), respecting the merger of Maxy into, or
acquisition of Maxy by, Lara at an exchange ratio of one Lara share for eight
Maxy shares. With Lara's shares closing at $0.70, the exchange ratio being
offered by Lara represents a premium of 35% to the closing price of Maxy's
shares on September 22, 2009. The transaction will involve Lara issuing
4,307,733 shares to Maxy shareholders, so that, following completion, Lara will
have 23,554,234 issued shares of which 18.29% will be held by the former
shareholders of Maxy. It is intended that Maxy's President, Andre Gauthier, will
join Lara's Board of Directors and become its President on closing. The
transaction has been approved by the Boards of Directors of both companies, but
remains subject to approval of Maxy's shareholders and the TSX Venture Exchange.


The proposed transaction will unite Maxy and its highly prospective exploration
portfolio in Peru, and property interests in China with Lara, a well-funded
prospect generator with a multi-commodity exploration portfolio focused on
Brazil but with significant property holdings in Colombia and Peru. Maxy
shareholders are encouraged to review Lara at its website:
www.laraexploration.com


Andre Gauthier, Maxy President and CEO stated : "The proposed merger will allow
Maxy shareholders to participate in a well funded Company with an exciting
multi-commodities exploration program in three of the most promising mineral
exploration countries of South America, together with exposure to the business
relationships Maxy carefully cultivated in China in recent years."


About Maxy

Maxy is a publicly traded junior exploration company focused on mineral
acquisition, exploration and development in China and Peru. Maxy has
internationally recognized Management and Exploration Teams, with a large
diverse network of contacts throughout China and South America. Maxy's common
shares trade on the TSX Venture Exchange under the symbol "MXD".


Statements in this press release other than purely historical information,
including statements relating to the Company's future plans and objectives or
expected results, constitute forward-looking statements. Forward-looking
statements are based on numerous assumptions and are subject to all of the risks
and uncertainties inherent in the Company's business, including risks inherent
in resource exploration and development. As a result, actual results may vary
materially from those described in the forward-looking statement.