Quia Resources Provides Corporate Update

Quia Resources Inc. ("Quia" or the "Company") (TSX VENTURE:QIA) is pleased to
provide a corporate update.


Since the Company announced a strategic review process on May 15, 2013, the
Company is continuing discussions with several interested parties. There is no
assurance that a transaction may be forthcoming. 


At the same time, the Company is examining cost-effective ways to add value to
its San Lucas asset including re-interpreting its existing data with outside
experts, furthering plans to increase ease of access to the property in the
future, and partnering with an experienced high grade vein miner to develop
production at the project at no cost to Quia, in addition to more traditional
joint ventures being discussed as part of the strategic review process. If and
when the Company undertakes any of these activities it is considering, the
Company will communicate further detail at that time. 


The Company is also reviewing additional business opportunities which would be
synergistic with San Lucas, that could enhance the portfolio of the Company and
provide greater flexibility to the Company in undertaking mineral exploration in
a capital constrained market environment. 


Over the past 6 months, the Company has implemented significant cost-cutting
measures to reduce its burn rate to a minimum and is pursuing further
initiatives in this regard, to ensure to the greatest extent possible the
maintenance of its flagship asset in the context of a continued and prolonged
downturn in equity markets for junior exploration companies.


Yannis Banks, Quia's CEO, commented, "While the downturn in equity markets for
junior exploration companies has made it difficult to significantly move San
Lucas forward over the past year, our conviction regarding the geological
potential of San Lucas has not changed. In fact, our view has been further
re-enforced as we have had a chance to present and discuss the project to many
prominent companies and their technical teams, and conduct further review of the
data ourselves."


Mr. Banks continued: "At the moment, most gold producers have retrenched to
focus on brownfield exploration around existing operations, and away from
frontier exploration, which has made it difficult to attract a partner and
funding for San Lucas. Our approach, however, continues to remain consistent
with when we started exploration at San Lucas, being that frontier jurisdictions
have greater potential for significant discoveries owing to their less explored
nature. Furthermore, several of the most significant discoveries over the past 2
decades in South America, including in Colombia, have occurred within or
proximal to large artisanal mining districts that had seen little or no modern
exploration, which are characteristics shared by Quia's San Lucas project.
Ultimately the need for new discoveries can be put off only for so long. Thus
our key responsibility at the moment is to preserve this great asset until the
time returns for renewed efforts in the gold industry to find new deposits,
while looking for cost-effective ways we can add value to the project."


As part of its cost-reduction measures, the Company has terminated the option
agreement on the DKS081 and DLV092 concessions and will focus on its 100% owned,
core San Lucas concessions comprising approximately 7,000 hectares.


Lastly, the Company has appointed Marco Guidi as CFO, who replaces Andres
Tinajero. The Company wishes to thank Mr. Tinajero for his significant
contribution to the Company and wishes him well in his future endeavours.


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
[phone]
[e-mail]