QRS Capital Provides Corporate Update

QRS Capital Corp. (TSX VENTURE:QRS)(FRANKFURT:3QR) ("QRS" or the "Company")
provides a corporate update to shareholders.


Over the past several months the QRS management team has reviewed and assessed a
number of exploration and development stage projects in South America, with a
particular focus on copper and gold properties in Chile. Last week the Company
announced the signing of a letter of intent for an option to acquire the Aurum
Copper Project in Chile. The Aurum Copper project is a high grade copper
property, located in the III Region of Atacama, Chile only 12km from Teck
Resources Ltd.'s 1,104 Mt @ 0.41% El Relincho copper-molybdenum deposit. The
company is very excited about the potential of the Aurum Copper project and is
currently finalizing its due diligence over the next 60 days. The due diligence
will consist of an extensive property wide reconnaissance IP to identify the
extensions of the known IP anomalies and to locate additional ones. This will be
followed by more detailed geophysics and surface exploration to identify new
drilling targets with drilling to commence in 2013. The company will focus its
time and resources on further advancing the development potential of the Aurum
Copper property, while looking to divest or JV most of the other properties
within its portfolio.


San Felix

The San Felix high grade copper property remains of significant interest to the
Company. After completing a regional reconnaissance mapping and outcrop sampling
program, multiple vein systems have been identified over important alteration
zones. Surface rock samples were taken during three separate field campaigns,
with a total of 28 grab, channel chip, and panel samples returning excellent
high grades. The best results include grades of 9% Cu from grab sample I236464,
1,360 g/t Ag from channel chip sample I240089 and 3.1g/t Au from panel sample
I240090. 17 of 26 channel and panel chip samples brought back results of greater
than 1% Cu and 4 samples contain greater than 0.5g/t Au (Table 1: San Felix
Sample Results). This was followed up by a 16km2 magnetometry survey in Q2 of
2012 which returned were very encouraging results and warrants further
exploration. While the Company is focused on the Aurum Copper project, the
company plans to continue with some additional geochemical sampling and
geophysics on San Felix in order to depict areas of mineralization, identify
drill targets, and determine the next steps with the property.


Table 1: San Felix Sample Results 



----------------------------------------------------------------------------
                          Sample      Length    Cu     Ag     Au    Pb    Zn
Sample  Easting Northing    Type         (m)     %    ppm    ppm     %     %
----------------------------------------------------------------------------
I240089  351492  6624047 Channel       3 x 1  7.58   1360    1.4     0  0.02
                            Chip                                            
----------------------------------------------------------------------------
I236478  351649  6622649 Channel   1.4 x 0.1  4.45    215   0.02  0.31  0.37
                            Chip                                            
----------------------------------------------------------------------------
I236481  352200  6622081 Channel   0.8 x 0.1  4.44    426   0.33  0.33  0.03
                            Chip                                            
----------------------------------------------------------------------------
I236480  351530  6622810 Channel   1.3 x 0.1  3.89    181   0.01   0.7     1
                            Chip                                            
----------------------------------------------------------------------------
I240097  351600  6652710 Channel   0.6 x 0.1  3.06    128   0.01  0.17  0.07
                            Chip                                            
----------------------------------------------------------------------------
I236465  352122  6621570 Channel   0.3 x 0.3  2.98    122   0.01     0     0
                            Chip                                            
----------------------------------------------------------------------------
I236467  351886  6623061 Channel   0.3 x 0.3  2.71    187   0.01     0  0.02
                            Chip                                            
----------------------------------------------------------------------------
I240098  351547  6622769 Channel   1.5 x 0.1  2.65    164   0.07  0.19  0.12
                            Chip                                            
----------------------------------------------------------------------------
I240093  351459  6624047 Channel    6. x 0.1  2.25    587   2.41     0  0.01
                            Chip                                            
----------------------------------------------------------------------------
I236476  351928  6622788 Channel   2.7 x 0.1  2.13    125   0.16  0.02  0.03
                            Chip                                            
----------------------------------------------------------------------------
I236479  351517  6622847 Channel   2.2 x 0.1  2.05    139   0.05  0.19  0.05
                            Chip                                            
----------------------------------------------------------------------------
I236475  351622  6623164 Channel   0.8 x 0.1  1.88    216   0.16     0  0.01
                            Chip                                            
----------------------------------------------------------------------------
I236477  351928  6622804 Channel    2. x 0.1  1.79     85   0.01  0.22  0.12
                            Chip                                            
----------------------------------------------------------------------------
I240094  352004  6622710 Channel   2.5 x 0.1   1.3     85   0.02     0  0.03
                            Chip                                            
----------------------------------------------------------------------------
I240092  351464  6624060 Channel   5.5 x 0.1  1.22     62   0.44     0  0.01
                            Chip                                            
----------------------------------------------------------------------------
I236468  351664  6624043 Channel   1.3 x 0.1  0.63     13   0.55  0.01  0.01
                            Chip                                            
----------------------------------------------------------------------------
I236466  351877  6623098 Channel   1.4 x 0.1  0.33     23   0.02     0  0.02
                            Chip                                            
----------------------------------------------------------------------------
I236470  350949  6625004 Channel    4. x 0.1  0.27      1   0.06     0     0
                            Chip                                            
----------------------------------------------------------------------------
I236471  350950  6625001 Channel   2.9 x 0.1  0.27      1   0.05     0     0
                            Chip                                            
----------------------------------------------------------------------------
I236474  350999  6625017 Channel    5. x 0.1  0.16      0   0.02     0     0
                            Chip                                            
----------------------------------------------------------------------------
I236473  350996  6624987 Channel   4.4 x 0.1  0.09      0   0.02     0     0
                            Chip                                            
----------------------------------------------------------------------------
I236472  350970  6625020 Channel    3. x 0.1  0.05      0   0.01     0     0
                            Chip                                            
----------------------------------------------------------------------------
I236469  351664  6624043 Channel 0.35 x 0.35  0.03      2   0.02     0  0.04
                            Chip                                            
----------------------------------------------------------------------------
I240091  351474  6624041   Panel   8.5 x 0.1  4.18    387   0.72     0  0.05
----------------------------------------------------------------------------
I240090  351485  6624042   Panel     7 x 0.5  1.92    218   3.06     0  0.04
----------------------------------------------------------------------------
I240096  351903  6653063   Panel     3 x 0.5   0.2     18   0.01  0.02  0.03
----------------------------------------------------------------------------
I236464  352188  6621731    Grab              9.03    382   0.04  0.03  0.04
----------------------------------------------------------------------------
I240095  351925  6622774    Grab              4.47    375   0.14  0.02  0.02
----------------------------------------------------------------------------



Las Leddas

In Q1 of 2012, the Company reviewed and remapped regionally the 5,100 hectare
property. Rock geochemical sampling, IP geophysics and magnetometry were run
over the central mineralized zone were a large 1.5Km x 0.35Km high chargeability
anomaly was identified at shallow depths. This anomaly is coincident to the
vectors of mineralization found in previous historical exploration efforts. The
Company has identified a number of highly prospective drill targets that would
require a large and extensive drill program. Given the size and scope of the
required investment, QRS management believes the project would be better
advanced by a larger resource company and is currently in discussions with
various interested parties regarding a potential joint venture partnership.


Vista Hermosa

After a thorough due diligence on the Vista Hermosa property and a review of the
terms of the option agreement, QRS management remained interested in the Vista
Hermosa property however were not comfortable with the current terms of the
option agreement given the current market environment for the junior mining
sector. As such management did not proceed with the option agreement as proposed
and provided revised terms to the vendor. While the Vista Hermosa property
remains of interest to QRS, the terms and conditions of the option agreement
have not been successfully negotiated and currently there are no negotiations
underway. 


Judith

In 2012, QRS completed a detailed survey program of the Judith silver property
near Chihuahua, Mexico, including geochemical sampling, an induced polarization,
and a magnetometric survey, complemented with 3,300m of diamond drilling in 11
holes. The exploration confirmed the presence of quartz-alunite hydrothermal
alteration in brechia pipes which may indicate the presence of epithermal
systems at depth and would require further exploration. While the results of the
early exploration warrant further testing, at this time QRS management has
decided to focus the Company's resources on its Chilean properties, and is in
active negotiations with various groups regarding the Judith property. In the
event that these negotiations are not successful by year end, QRS intends to
divest of its option contract on Judith in order to focus on the Company's
Chilean properties. 


Corporate Announcement

Lastly, the Board has accepted Mr. Sedgemore's resignation as Director of the
Company, effective immediately. The Board would like to thank Mr. Sedgemore for
his contribution during his term.


President Diego Benalcazar commented, "We are very excited to have found the
Aurum Copper project and look forward to advancing on the historic work
completed to date to identify the full potential of the property. In an effort
maximize shareholder value and focus our resources, it is important that we
rationalize the project portfolio and find appropriate partners for our other
properties in order to allow us to focus on the new Aurum Copper property."


Qualified Person

Mr. Terence Walker, M.Sc., P.Geo., a qualified person within the meaning of
National Instrument 43-101 has reviewed and approved the contents of this news
release. Mr. Walker is an independent consultant to the Company.


About QRS Capital Corp.

QRS is a mineral exploration company focused on exploration and development
stage copper and gold targets in South America, particularly in Chile, Peru, and
Mexico.


ON BEHALF OF THE BOARD OF DIRECTORS

Diego Benalcazar, President and Director

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 acquisitions and
objectives, exploration results relating to the Aurum-Copper property, expected
time of completion of the definitive option agreement, exploration plans for the
Aurum-Copper property and the completion of the acquisition of the Aurum-Copper
property by QRS. 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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Apex Capital Inc.
Brett Allan
416-907-4148
[e-mail]