Lara Exploration Ltd.: Antofagasta Relinquishes Sami Option

Lara Exploration Ltd. ("Lara" or the "Company") (TSX VENTURE:LRA) reports that
Antofagasta Minerals S.A. ("Antofagasta") has dropped its option to earn up to a
75% interest in the Company's Sami Gold-Copper Project in southern Peru. 


The Sami Project, located in the Ayacucho and Huancavelica departments of
southern Peru, comprises approximately 50,000 hectares of mineral rights.
Exploration work completed in 2011-12 by the Company outlined 20 gold-copper
targets associated with epithermal and porphyry style alteration assemblages
with quartz veining, siliceous bodies, hydrothermal breccias, oxidized vein
stockworks. This exploration work included systematic alteration, geological and
structural mapping and 1,862 rock chip samples, focused primarily on a high
sulphidation epithermal gold anomaly at Pitusaja, over 2 kilometres in length
and which probably extends through shallow cover to the nearby Condorutca and
Pitusaja Sur targets that are interpreted as being part of the same alteration
system.


Lara plans to review data from the geophysics and the drill hole completed by
Antofagasta on the Sami East target and to seek a new partner for the project.


Quality Control

Andre Gauthier, a member of the Quebec Order of Engineers, is a Qualified Person
as defined by National Instrument 43-101 Standards of Disclosure for Mineral
Projects and has verified, and approved the disclosure of, the technical
information in this news 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 in Brazil,
Peru, Colombia and Chile. Lara's common shares trade on the TSX Venture Exchange
under the symbol "LRA". 


Neither the TSX Venture Exchange nor the Investment Industry Regulatory
Organization of Canada accepts responsibility for the adequacy or accuracy of
this release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Lara Exploration Ltd.
Chris MacIntyre
VP Corporate Development
[phone]
[e-mail]
www.laraexploration.com