Quia Announces Acquisition and Strategic Entry into Organic Agricultural Input Markets

Quia Resources Inc. ("Quia" or the "Company") (TSX VENTURE:QIA) is pleased to
announce that subject to regulatory approval (including TSX-V approval) and due
diligence, the Company will acquire 2243734 Ontario Limited ("2243734") which
holds an option to earn a 65% interest in the Murdock Mountain phosphate project
in Nevada. 


Historical sampling completed at Murdock Mountain and analysis carried out by
industry experts on the geochemistry of Murdock Mountain indicate that the
project has the potential to be among the cleanest known sources of phosphate,
with very low concentrations of radioactive elements and heavy metals (details
are provided below under Murdock Mountain Geochemical Properties). 


Due to its cleanliness and other properties, the Company believes phosphate from
Murdock Mountain could be used in direct raw rock applications in organic
agricultural markets, which are rapidly growing. Furthermore, the Company
believes controlling one of the cleanest known sources of phosphate will be an
increasingly important strategic asset as concerns grow over heavy metal
accumulation in the food chain and environmental issues with conventional
soluble phosphate fertilizers. 


Yannis Banks, Quia's CEO, commented: "The Murdock Mountain acquisition positions
Quia at the forefront of a massive shift that is taking place in agriculture
with respect to more sustainably, healthily and safely meeting the nutritional
needs of a growing global population and a more aware consumer, as well as the
essential role minerals have to play in this emerging new paradigm. It
significantly enhances our asset portfolio." 


Mr. Banks continued, "Our objective with this project is to rapidly bring it to
production and mine phosphate for direct rock application, thus not requiring
large facilities or use of chemicals for processing, thereby giving us the
opportunity to bring this project into production with a relatively modest
capital cost and relatively low levels of technical and permitting complexity.
Furthermore, the project's location is ideal, being located 6km from rail and on
the doorstep of California, one of the largest organic agricultural markets. I
am truly excited for Quia to be launching this strategy and see tremendous
potential within this sector" 


A feasibility study has not been completed and there is no certainty the
proposed operation will be economically viable. 


In addition to the advancement of the Murdock Mountain and San Lucas assets, the
Company may look to leverage its early mover status, research and relationships
in progressive agricultural markets to potentially pursue further synergistic
mineral exploration and development opportunities within the sector where the
Company believes a tremendous amount of innovation is occurring with respect to
the interaction between minerals, soils, agricultural productivity and food
quality. The Company may also look at other favourable mineral markets with
strong long-term fundamentals and deep value acquisition opportunities.


San Lucas Update 

The Company has been continuing with further technical studies aided by external
consultants with significant experience in Colombia. The Company recently
completed a new structural and geological interpretation of the entire Guamoco
area which has generated two new priority 1 targets and four new priority 2
targets for follow-up. 


The study involved a new, detailed regional lineament analysis using high
quality digital elevation model imagery. An analysis was carried out to identify
permeability nodes or structural intersections that conceptually hold a higher
probability to generate zones for the preferential entrapment of mineralized
fluids. Two metallogenic associations were considered, one related to the Norosi
Batholith and the other to the Segovia-Remedios Batholith. In consideration for
the work to complete the interpretation, Quia has agreed to issue to a third
party consultant 1,500,000 (pre-consolidation) common shares at a deemed price
of $0.05 per common share. The securities are subject to a four month hold
period expiring March 12, 2014. 


Mr. Banks commented, "San Lucas remains an important asset for the company and
one we fully believe we will realize significant value from. Our efforts over
the past year through these challenging market conditions have been to maintain
the asset and continue deepening our geological understanding of the project,
while advancing strategic discussions with a view to enabling further
exploration to be completed."


Murdock Mountain Geochemical Properties 

Sampling completed by TIGREN INC., in 2011, as shown in Table 1 below, from
areas around historical trenches demonstrated values of low heavy metals and
radioactive elements as for example with the values for Arsenic, Cadmium,
Thorium and Uranium.




Table 1: Samples by TIGREN, Inc. Submitted November 22, 2011                
----------------------------------------------------------------------------
Sample      P2O5 ppm        As ppm       Cd ppm         Th ppm         U ppm
----------------------------------------------------------------------------
27263          11000            30  Less than 5  Less than 100  Less than 50
27264           7500            10  Less than 5  Less than 100  Less than 50
27265          13100            30  Less than 5  Less than 100  Less than 50
27266          52100            10  Less than 5  Less than 100  Less than 50
27267          11100  Less than 10  Less than 5  Less than 100  Less than 50
----------------------------------------------------------------------------
27268          16100            10  Less than 5  Less than 100  Less than 50
27269          22800  Less than 10  Less than 5  Less than 100  Less than 50
27270           7200  Less than 10  Less than 5  Less than 100  Less than 50
27271           5400  Less than 10  Less than 5  Less than 100  Less than 50
27272           7700            10  Less than 5  Less than 100  Less than 50
----------------------------------------------------------------------------
27273          15400  Less than 10  Less than 5  Less than 100  Less than 50
27274          15000  Less than 10  Less than 5  Less than 100  Less than 50
27275           5600  Less than 10  Less than 5  Less than 100  Less than 50
27276          13700            10  Less than 5  Less than 100  Less than 50
27277   Greater than            10  Less than 5  Less than 100  Less than 50
              115000                                                        
----------------------------------------------------------------------------
27278          13300            20  Less than 5  Less than 100  Less than 50
27279          19400            10  Less than 5  Less than 100  Less than 50
27280           7700  Less than 10  Less than 5  Less than 100  Less than 50
27281          14100  Less than 10  Less than 5  Less than 100  Less than 50
27282           8900  Less than 10  Less than 5  Less than 100  Less than 50
----------------------------------------------------------------------------
27283          29200            10  Less than 5  Less than 100  Less than 50
27284           3200  Less than 10  Less than 5  Less than 100  Less than 50
27285   Greater than  Less than 10  Less than 5  Less than 100  Less than 50
              115000                                                        
27286           5800  Less than 10  Less than 5  Less than 100  Less than 50
27287          10200  Less than 10  Less than 5  Less than 100  Less than 50
----------------------------------------------------------------------------
27288         108500            10  Less than 5  Less than 100  Less than 50
27289         111500  Less than 10  Less than 5  Less than 100  Less than 50
----------------------------------------------------------------------------



Based on the encouraging results, the project was further sampled by Boreal
Agrominerals ("Boreal"), a private company with expertise in agriculture
minerals and organic markets. Table 2 presents the results from six samples
taken by Boreal.




Table 2: Samples by Boreal Agrominerals, Submitted June 14, 2012            
----------------------------------------------------------------------------
Sample                                                                      
 Number     P2O5 ppm        As ppm       Cd ppm         Th ppm         U ppm
----------------------------------------------------------------------------
P-01    Greater than             8         1.69            1.2         18.10
               22900                                                        
P-02    Greater than            17         2.32            1.3         14.20
               22900                                                        
P-03    Greater than            14         0.86            1.4         12.95
               22900                                                        
P-04            1670             2         1.05            1.0          1.04
P-05    Greater than             5         1.65            1.2          8.17
               22900                                                        
P-06    Greater than             4         1.30            2.0          6.17
               22900                                                        
----------------------------------------------------------------------------



The results from the Boreal sampling similarly returned very low values of
Arsenic, Cadmium, Thorium and Uranium relative to other known phosphate
deposits, a survey of which was documented in a paper titled Rock Phosphate
Evaluation dated March 12th, 2002, authored by Agricultural Mineral Prospectors
Inc., a private company that has completed extensive research on agricultural
minerals, and whose principals formed Boreal Agrominerals. 


Samples taken by TIGREN Inc. and Boreal Agrominerals were assayed by ICP by ALS
Minerals in Reno, Nevada.


Murdock Mountain Acquisition Terms 

Under the terms of the option agreement and subject to closing the acquisition,
Quia will have the right to earn a 65% interest by investing an aggregate of
$1,000,000 into the development of the project. As an initial step, Quia can
earn 10% by funding $102,000 towards technical and environmental studies which
are already in process, creditable against the $1,000,000 work commitment, and
then earn an additional 55%, for a total of 65%, by funding the balance of the
$1,000,000. Quia shall have 2 years from the date of the option agreement to
complete the earn-in and can obtain two extensions to the earn-in period of 6
months each, for a total of 3 years, by paying $30,000 for each extension. 


Quia has entered into an agreement to acquire the option on the Murdock Mountain
property through the acquisition of 2243734, which is a private company that
holds the option on Murdock Mountain. This transaction is a non-arm's length
transaction as Yannis Banks is an insider of both the Corporation and 2243734,
as he is a shareholder of 2243734 and the CEO and Director of Quia. In addition,
a family trust whose beneficiaries are the minor children of the Corporate
Secretary and Director of Quia, is also a shareholder of 2243734. Such
participation is considered to be a "related party transaction", as defined
under Multilateral Instrument 61-101 ("MI 61-101"). The transaction will be
exempt from the formal valuation and minority shareholder approval requirements
of MI 61-101 as neither the fair market value of the shares issued to or the
consideration paid by such persons will not exceed 25% of Quia's market
capitalization. 


As consideration for the acquisition, Quia agreed to issue 1 million shares on a
post-consolidation basis subject to a consolidation being approved at the
Company's annual general meeting and the board of the company approving a
consolidation, as well as an additional 500,000 post-consolidation shares upon
fulfillment of the option terms and an additional 500,000 post-consolidation
shares upon commencement of production. The consideration set out above assumes
that the consolidation occurs on the basis of one post-consolidation common
share for up to ten pre-consolidation common shares. In the event Quia effects
the consolidation at a different ratio, the shares issuable shall be adjusted
accordingly. 


Prior to completing the acquisition, the Company established an independent
committee to consider the acquisition and to negotiate with 2243734 for the
purchase. Neither Yannis Banks nor Adam Szweras were involved in the
negotiation. The independent committee considered the acquisition in the
Company's best interests and the purchase price fair and reasonable, and thus
recommended the acquisition to the Company's board, which approved the
transaction. 


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.

About Quia Resources Inc. 

Quia Resources is a mineral exploration and development company which owns 100%
of the San Lucas gold property in Colombia and has entered into an agreement to
acquire an option to earn 65% of the Murdoch Mountain phosphate deposit in
Nevada, with a view to entering organic agricultural input markets. 


Forward-Looking Statements

This press release contains or refers to forward-looking information, including
statements regarding completion of the acquisition of 2243734, completion of the
consolidation at Quia's upcoming meeting, 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, failure to receive shareholder approval of the consolidation,
failure to receive TSXV approval of the acquisition of 2243734, 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
[phone]
[e-mail]