QRS Capital Corp. Announces San Felix 100% Option Agreement

QRS Capital Corp. (TSX VENTURE:QRS) ("QRS" or the "Company") is pleased to
announce that it has entered into an option agreement (the "option agreement")
to acquire 100% of the San Felix Project, a 2,435 hectare Copper (oxide)-Silver
and Gold mineralized property at the south-western extension of the El Indio
Mineral Belt, Chile.


Highlights



--  A total of 24 concessions for a total area consisting of 2,435 hectares 
--  A total of 32 grab, channel and panel chip samples were taken with best
    results including: grades of 9% copper, 1,360 g/t silver and 3.1 g/t
    gold 
--  19 samples brought back results of greater than 1% copper, of which 16
    contain greater than 200 g/t silver, and 4 contain greater than 0.5 g/t
    gold 
--  Located within the Pre-cordillera of the Andes in the IV Region of
    Coquimbo, Chile with good access to infrastructure 



QRS's President Diego Benalcazar, stated, "We are very excited to add another
prospective Project to QRS's Portfolio. The San Felix project has demonstrated
incredible copper grades from our sampling program, and this combined with our
magnetometry work to date provides us the confidence to further explore the
property. The geological model and the multiple zones of mineralization
encountered in "San Felix" combined with the size of the land package provide
sufficient opportunities to define significant discoveries."


LOCATION

The San Felix Project is located within the Pre-cordillera of the Andes within
the Province of Limari, IV Region of Coquimbo, Chile. It consists of 24 mining
concessions for a total of 2,435 hectares a can be access from the town of
"Ovalle" via paved road to "Pichascas"(25km) and then some 70km on gravel road
to the limits of the concession. The concessions lies between 2,500 to 3,900
meters above sea level, with abundant water, and power from the Electricity
National Grid located only 5km from the center of the concessions.


The most significant Mining Projects located close proximity to San Felix are
Barrick's El Indio, Teck Cominco's Carmen de Andacollo and Chilean "Los Mantos
de Punitaqui" (see Figure 1).


To view Figure 1, please visit the following link:
http://media3.marketwire.com/docs/qrs0802fig1.pdf.


QRS PRELIMINARY WORK

As part of the technical due diligence, QRS's conducted a rock sampling program,
regional geological and structural mapping, and partial magnetometric survey of
the main trend of the mineralization.


Rock Sampling

Surface rock samples were taken during three separate field campaigns, with a
total of 32 grab, channel and panel chip samples. The best results include
grades of 9% Cu, 1,360 g/t Ag and 3.1 g/t Au. 19 samples brought back results of
greater than 1% Cu, of which 16 contain greater than 200 g/t Ag, and 4 contain
greater than 0.5g/t Au. The table and map below shows results from 28 samples
taken during the 2 main field campaigns (see Table 1 and Figure 2).


Table 1: San Felix Rock Sample Results (QRS 2012)



----------------------------------------------------------------------------
                                             Sample                         
                                 Sample      Length   Cu   Ag   Au   Pb   Zn
Sample   Easting Northing          Type         (m)    %  ppm  ppm    %    %
----------------------------------------------------------------------------
I236464   352188  6621731          Grab             9.03  382 0.04 0.03 0.04
----------------------------------------------------------------------------
I236465   352122  6621570  Channel Chip   0.3 x 0.3 2.98  122 0.01 0.00 0.00
----------------------------------------------------------------------------
I236466   351877  6623098  Channel Chip   1.4 x 0.1 0.33   23 0.02 0.00 0.02
----------------------------------------------------------------------------
I236467   351886  6623061  Channel Chip   0.3 x 0.3 2.71  187 0.01 0.00 0.02
----------------------------------------------------------------------------
I236468   351664  6624043  Channel Chip   1.3 x 0.1 0.63   13 0.55 0.01 0.01
----------------------------------------------------------------------------
I236469   351664  6624043  Channel Chip 0.35 x 0.35 0.03    2 0.02 0.00 0.04
----------------------------------------------------------------------------
I236470   350949  6625004  Channel Chip    4. x 0.1 0.27    1 0.06 0.00 0.00
----------------------------------------------------------------------------
I236471   350950  6625001  Channel Chip   2.9 x 0.1 0.27    1 0.05 0.00 0.00
----------------------------------------------------------------------------
I236472   350970  6625020  Channel Chip    3. x 0.1 0.05    0 0.01 0.00 0.00
----------------------------------------------------------------------------
I236473   350996  6624987  Channel Chip   4.4 x 0.1 0.09    0 0.02 0.00 0.00
----------------------------------------------------------------------------
I236474   350999  6625017  Channel Chip    5. x 0.1 0.16    0 0.02 0.00 0.00
----------------------------------------------------------------------------
I236475   351622  6623164  Channel Chip   0.8 x 0.1 1.88  216 0.16 0.00 0.01
----------------------------------------------------------------------------
I236476   351928  6622788  Channel Chip   2.7 x 0.1 2.13  125 0.16 0.02 0.03
----------------------------------------------------------------------------
I236477   351928  6622804  Channel Chip    2. x 0.1 1.79   85 0.01 0.22 0.12
----------------------------------------------------------------------------
I236478   351649  6622649  Channel Chip   1.4 x 0.1 4.45  215 0.02 0.31 0.37
----------------------------------------------------------------------------
I236479   351517  6622847  Channel Chip   2.2 x 0.1 2.05  139 0.05 0.19 0.05
----------------------------------------------------------------------------
I236480   351530  6622810  Channel Chip   1.3 x 0.1 3.89  181 0.01 0.70 1.00
----------------------------------------------------------------------------
I236481   352200  6622081  Channel Chip   0.8 x 0.1 4.44  426 0.33 0.33 0.03
----------------------------------------------------------------------------
I240089   351492  6624047  Channel chip       3 x 1 7.58 1360 1.40 0.00 0.02
----------------------------------------------------------------------------
I240090   351485  6624042    Panel Chip     7 x 0.5 1.92  218 3.06 0.00 0.04
----------------------------------------------------------------------------
I240091   351474  6624041    Panel Chip   8.5 x 0.1 4.18  387 0.72 0.00 0.05
----------------------------------------------------------------------------
I240092   351464  6624060  Channel chip   5.5 x 0.1 1.22   62 0.44 0.00 0.01
----------------------------------------------------------------------------
I240093   351459  6624047  Channel chip    6. x 0.1 2.25  587 2.41 0.00 0.01
----------------------------------------------------------------------------
I240094   352004  6622710  Channel chip   2.5 x 0.1 1.30   85 0.02 0.00 0.03
----------------------------------------------------------------------------
I240095   351925  6622774          Grab             4.47  375 0.14 0.02 0.02
----------------------------------------------------------------------------
I240096   351903  6653063    Panel Chip     3 x 0.5 0.20   18 0.01 0.02 0.03
----------------------------------------------------------------------------
I240097   351600  6652710  Channel chip   0.6 x 0.1 3.06  128 0.01 0.17 0.07
----------------------------------------------------------------------------
I240098   351547  6622769  Channel chip   1.5 x 0.1 2.65  164 0.07 0.19 0.12
----------------------------------------------------------------------------



To view Figure 2, please visit the following link:
http://media3.marketwire.com/docs/qrs0802fig2.pdf.


Geology and Mineralization

The mineralized structures within the San Felix area are associated with local
faults in-filled with hydrothermal mineralization (Ag, Cu and Au, Pb, Zn). A
pre-Cordillera volcanogenic environment dominates the area of San Felix.
Andesitic-rhyolitic volcanic rocks dominate in the area and the dominant
lithology consists of wide mineralized mantos. The mantos intercalate
agglomerates, lithic and fine tuffs, breccias and andesitic-rhyolitic lavas. At
the center of the system, a clear geomorphological feature depicted by the
presence of a collapsed volcanic caldera reveals a sub-volcanic complex. A
granitic intrusive body outcrops in this area which measures approximately 500m
x 300m and is in contact with a sulphide enriched porphyry and some neck shaped
volcanic breccias containing high grade Ag-Cu veins and veilets. (see Figure 3)


To view Figure 3, please visit the following link:
http://media3.marketwire.com/docs/qrs0802fig3.pdf.


Magnetometry

In March 2012, QRS contracted Argali Geofisicos Chile E.I.R.L. to produce an 85
linear km magnetometric survey (N-S). Forty kilometers were completed with the
remaining 45 km to be undertaken later this year once the winter season finishes
and access to the area regain.


The ground magnetic survey so far outlines a weak to moderate magnetic high in
the northern portion of the grid that is over 1km in strike and open to the
East. Several smaller and weaker magnetic highs in the south are coincident with
topographic ridges and also correlate with target areas based on location of old
workings and exploration roads. The magnetic relief is limited in the southern
portion of the grid indicating underlying hydrothermal alteration. Encouraging
anomalies have been encountered at San Felix and completion of the planned
survey is recommended in the spring when snow melts. (see Figure 4)


To view Figure 4, please visit the following link:
http://media3.marketwire.com/docs/qrs0802fig4.pdf.


TERMS

A total of 24 concessions for a total area of 3158 hectares were acquired in a 2
step process (see Figure 5). Initially, 13 concessions with a total area of 1285
hectares had been optioned from Mr. Felix Gallardo under an Option Agreement for
QRS to have the right to acquire a 100% interest in the San Felix Project by
making the following payments to the vendor:




--  US$50,000 on signing of the option agreement, which amount has been
    paid. 
--  US$100,000 by November 11, 2012. 
--  US$150,000 by May 8, 2013. 
--  US$150,000 by November 11, 2013. 
--  US$200,000 by May 11, 2014. 
--  US$200,000 by November 11, 2014. 
--  US$200,000 by May 8, 2015. 
--  Upon satisfying the above option payments the Company will have the
    right to acquire 100% of the San Felix project under the following
    terms: 

----------------------------------------------------------------------------
RESOURCE SIZE CIM STANDARD PROVEN                                    PAYMENT
----------------------------------------------------------------------------
less than 50M ton @ min 0.5% Cu T                            $ 1,000,000 USD
----------------------------------------------------------------------------
50M less than greater than 75M ton @ min 0.5% Cu T           $ 2,000,000 USD
----------------------------------------------------------------------------
75M less than greater than 100M ton @ min 0.5% Cu T          $ 3,000,000 USD
----------------------------------------------------------------------------
greater than 100M ton @ min 0.5% Cu T                        $ 4,000,000 USD
----------------------------------------------------------------------------



The second set of concessions rights has been purchased from "Inversiones y
Asesorias Limitada".


A total of 11 concessions making up 1,100 additional hectares were traded for
the emission of 100,000 common shares of the Company. All costs of maintenance
and patents are QRS's responsibility.


In connection with the Option Agreement, QRS will pay to an arm's-length third
party a finder's fee of up to the maximum allowed under the policies of the TSX
Venture Exchange in connection with the acquisition. The Option Agreement and
payment of the finder's fee is subject to the approval of the TSX Venture
Exchange.


To view Figure 5, please visit the following link:
http://media3.marketwire.com/docs/qrs0802fig5.pdf.


Quality Assurance and Quality Control

Samples are selected on the property and driven directly to ALS Minerals
Laboratory and Activation Laboratories Ltd. "Actlabs" respectively in La Serena
and Coquimbo IV Region Chile for preparation. Sample pulps of 80 mesh are
assayed for gold Fire Assay, silver and multi-element ICP analysis.


The above information has been prepared under the supervision of geologist Terry
Walker Qualified Professional with Registration # 20116 (Association of
Professional Engineers and Geoscientists of British Columbia) who has reviewed
the data and information and has approved the contents of this release.


About QRS Capital Corp.

QRS Capital (TSX VENTURE:QRS) is a mineral exploration company actively seeking
exploration stage copper, gold, and silver targets, focused on Latin America,
particularly in Chile, Mexico, Colombia, and Brazil.


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.