REPEAT: QRS Capital Corp Provides Exploration Update on Vista Hermosa Copper Oxide Project in Chile

QRS Capital Corp. (TSX VENTURE:QRS) ("QRS" or the "Company") is pleased to
provide an update on its ongoing exploration program at the Vista Hermosa copper
oxide project in Chile. 


Program Description 

The program to-date consisted of a new topographic survey, detailed local
geological and structural mapping, surface rock and soil geochemical sampling
and a 57 linear km 3D IP pole-dipole geophysical survey. The results of this
work program are being used to define diamond drill hole targets for the
upcoming diamond drilling program. Results from chip and grab samples, with
grades up-to 4.5% Cu were promising and demonstrate the potential to
significantly expand on the historic resource of 12M tons at 1 % copper (as
disclosed by the company on February 14, 2012 - (i)please see historic resource
cautionary disclosure below). Systematic geochemical sampling results were also
encouraging, indicating that the copper (and silver) content in the underlying
rock sequences could be substantial and possibly very shallow in depth. Lastly,
the ground geophysics demonstrated a structurally controlled formation with
increasing chargeability at depth. The drilling campaign will use the surface
data collected to target potentially mineralized bodies.


Rock and Soil Surface Sampling 

175 chip and grab samples were collected and results returned grades between
0.01 and 4.5% Cu, with 106 samples returning results of greater than 0.4% Cu. Of
these samples, 69 contain greater than 1% Cu, 28 contain greater than 2% Cu, and
6 samples contain greater than 3% Cu. Samples were also tested for silver and
returned encouraging results, with grades ranging between 0.2 and 32 g/t Ag. Of
these samples, 102 contain greater than 1 g/t Ag, 60 contain greater than 5 g/t
Ag, 21 samples returned results greater than 10 g/t Ag and 5 samples contain
greater than 20 g/t Ag. 


554 samples were taken at the superficial soil-bedrock boundary in order to
confirm the presence of mineralization as indicated by the strong results from
surface rock samples. These samples were taken systematically at intervals of
100m from east to west, with intervals of 100m north-south, using the same lines
used for the geophysical 3D IP study conducted in the area. Results range
between 0.001 and 1% Cu. 392 samples achieved grades greater than 0.01% Cu and
of these 21 returned results greater than 0.1% Cu, and 2 results grade at 1% Cu.
For silver, results returned grades between 0.01 and 1.75 g/t Ag, with more than
196 samples grading greater than 0.1 g/t Ag, 10 returned results greater than
0.5 g/t and of these 3 contain greater than 1 g/t Ag. (See Rock and Soil Surface
Sampling Map) 


To view the first map associated with this press release, please visit the
following link: http://media3.marketwire.com/docs/770275_map_1.pdf 


Geophysical 3D Induced Polarization Survey 

The survey was conducted over 57 linear km oriented east to west, divided into
33 individual lines measuring between 1.5 - 2km. The survey consisted of the
acquisition, processing and 3D inversion modeling of 100m Offset Pole-Dipole
Induced Polarization / Resistivity.


The resistivity and chargeability distributions are interpreted to be controlled
by north-south and north-northwest oriented contours with increasing
chargeability at depth. In the shallow depth slices (100 and 200m depth), a
north-south trending contour is observed in the modeled resistivity image. At
300 - 500m depth, resistivity and chargeability features become coarser. Both in
the north and the south of the survey area there are elevated chargeability
anomalies that may be indicative of deep zones of weak to moderate disseminated
mineralization. 


Geology and Structure 

Detailed geological mapping at 1:5,000 scale concluded that Vista Hermosa
comprises a volcanic-sedimentary geological sequence of Mesozoic age. These
intrusive formations are in-places observed to be acting as feeders of
mineral-rich solutions. Overlying the sequence of igneous rocks is a layer of
sedimentary hosted rock which contains an important concentration of copper
mineralization in sulphides. 


Evidence of fracturing, in particular normal faulting, is abundant throughout
the area. The faulting presents itself within locally observed shear zones,
where a concentration of sulphidation is often found indicating that the
mineralization is dominantly structure-controlled. (See Geology Map)


To view the second map associated with this press release, please visit the
following link: http://media3.marketwire.com/docs/770275_map_2.pdf 


Topographic Survey

A topographic survey at 1:10,000 scale covering 334 hectares, included
construction of 33 east-west oriented lines over a total of 57 linear km, with
100m spacing which were used for soil geochemical sampling and the 3D IP
geophysical survey. 


Conclusions 

The overlap of geochemical anomalies and chargeability readings combined with a
clear surface geological expression is typical of mineralized occurrences
associated with disseminated systems and provides positive evidence for the
likelihood of the existence of more than one mineralized zone. An initial 6,000m
diamond drill program is planned, with average drill hole depths in the order of
300m with several deep holes planned for 550 and 600 meters aimed to test for
the presence of a sulphide mineralized system at depth. 


Diego Benalcazar, President, commented "We are very pleased with the results so
far and are eager to begin the drill program to test the targets identified by
the geochemical and geophysical anomalies. We are fortunate to have a near
surface copper oxide asset and look forward to further expanding on current and
historic work done to date." 


(i)Historic Resource 

Only a minor portion of the Vista Hermosa Project has been studied and less than
5% of the mineralized footprint has been explored through drilling. Professional
Geologist Hernan Valenzuela ran the initial exploration and the preliminary
results of the prior drilling identified a historic resource estimate of 12M
tons at a grade of 1% Cu in a report prepared by him and dated December 15,
2005. The work received the support of Victor Alcalde, who is a recognized
Chilean geological system analyst. A qualified person has not done sufficient
work to classify the historical estimate as current mineral resources and QRS is
not treating the historical estimate as current mineral resources. The
historical estimate is relevant for exploration of the project which QRS intends
to undertake and is indicative of mineralization.


Quality Assurance and Quality Control 

Samples are sealed on the property and driven directly to the ALS Chemex
laboratory in Coquimbo, Chile for preparation under constant supervision by QRS
representatives. 


The above information has been prepared under the supervision of geologist Mr.
Allen Maynard, MAIG, MAusIMM, who is designated as a "Qualified Person", and who
has reviewed the information and has verified the authenticity and validity of
the data.


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. The company's currently has
3 drill ready advanced exploration targets, including its flagship Vista Hermosa
asset which is a near surface copper oxide asset located near La Serena, Chile.


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.