QRS Capital Corp. Announces Non-Brokered Private Placement to Raise Up to $4,500,000

QRS Capital Corp. ("QRS" or the "Company") (TSX VENTURE:QRS) is pleased to
announce that it intends to complete a non-brokered private placement of up to
8,000,000 units (the "Units") to subscribers resident in Canada and certain
offshore jurisdictions at a price of $0.50 per Unit for gross proceeds of up to
$4,000,000, subject to the option of the Company to issue an additional
1,000,000 Units for additional gross proceeds of $500,000 (the "Offering"). Each
Unit will consist of one common share and one half of one common share purchase
warrant (each whole warrant, a "Warrant"). Each such Warrant will entitle the
holder to purchase one common share of the Company at a price of $0.75 per
common share for a period of 24 months from the closing date of the Offering.
Securities issued under the Offering will be subject to a four month hold period
which will expire four months from the date of closing. 


In connection with the Private Placement, QRS may pay a finder's fee, payable in
cash, to certain arm's length parties in an amount equal to 7% of the aggregate
gross proceeds raised under the Private Placement from subscribers introduced to
the Company by such parties, and may issue finder's warrants equal to 7% of the
aggregate number of Units sold to subscribers introduced to the Company by such
parties. Each finder warrant will entitle the holder to purchase one common
share of the Company at a price of $0.51 per common share for a period of 24
months from the closing date of the Offering. In addition, the Company may also
pay, in accordance with the rules of the TSX Venture Exchange, a success fee,
payable in Units, to certain arm's length parties in an amount equal to 3% of
the number of Units sold under the Offering. 


The Offering is subject to acceptance by the TSX Venture Exchange and other
customary conditions for transactions of this nature. The net proceeds from the
Offering will be used to continue the mineral exploration activities of the
Company and for general working capital purposes.


About QRS Capital Corp. 

QRS Capital (TSX VENTURE:QRS) is a Canadian publicly-listed mineral exploration
company actively exploring copper, gold, and silver properties within Latin
America, particularly in Chile, Mexico, Colombia, and Peru. The company
currently has 3 drill ready advanced exploration properties, including its
flagship Vista Hermosa property which is a near surface copper oxide asset near
La Serena, Chile. The property has significant copper oxidization throughout,
historic drilling which demonstrates encouraging copper and silver grades, as
well as recent exploration which further highlights potential mineralization.
The company is planning a combined 81,000m drill program over the next 2 years,
and is focused on its corporate strategy of finding advanced stage exploration
projects for minimal upfront costs and allowing the drilling to determine the
value.


ON BEHALF OF THE BOARD OF DIRECTORS

John Seaman, Chairman & CEO

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION: This news release
includes certain information that may constitute "forward-looking information"
under applicable Canadian securities legislation. Forward-looking information
includes, but is not limited to, statements about future results of exploration
and objectives and expected date of commencement of drilling. Forward-looking
information is necessarily based upon a number of estimates and assumptions
that, while considered reasonable, are subject to known and unknown risks,
uncertainties, and other factors which may cause the actual results and future
events to differ materially from those expressed or implied by such
forward-looking information, including the risks identified in the Company's
disclosure documents. There can be no assurance that such information will prove
to be accurate, as actual results and future events could differ materially from
those anticipated in such information. Accordingly, readers should not place
undue reliance on forward-looking information. All forward-looking information
contained in this press release is given as of the date hereof and is based upon
the opinions and estimates of management and information available to management
as at the date hereof. The Company disclaims any intention or obligation to
update or revise any forward-looking information, whether as a result of new
information, future events or otherwise, except as required by law.