REPEAT: QRS Signs Option Contract for Las Leddas Gold Project in Chile

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 Las Leddas Project located in the Maricunga District of
Chile. The project consists of 5,100 hectares across 24 individual concessions
and is an epithermal gold porphyry system, showing a number of geological,
structural and alteration similarities to the gold-bearing porphyry systems
which characterize the Maricunga District in Chile. 


QRS's CEO, John Seaman, stated, "We are very excited to add another high quality
project to the QRS portfolio. Our President Diego Benalcazar's relationships and
experience in Latin America has proven invaluable in the review of over 147
projects and then selecting and negotiating transactions that provide QRS with
tremendous upside potential with limited up-front costs. The Company continues
to utilize its corporate model of low up-front costs to help minimize risk
during the early stages of project development. It is our belief to let drill
results establish the value of projects prior to committing substantial capital.
With three advanced exploration stage projects that represent three distinct
markets; gold, silver, and copper, QRS is in a position to execute on its
business model of developing advanced exploration assets into significant
resources throughout Latin America." 


Location and Surrounding Area

The Las Leddas Project is located in the prolific Maricunga Belt in the Atacama
Region of Chile approximately 200km southeast of the city of Copiapo and is
accessible by a well-maintained gravel road which also leads to the Cerro Casale
Mine, the Quebrada Seca deposit and eventually to the border between Chile and
Argentina.


The Maricunga Belt contains multiple large tonnage world class porphyry
gold-copper deposits such as Barrick/Kinross' Cerro Casale project and Kinross'
Maricunga project. The Maricunga Belt also contains high-sulphidation type
epithermal deposits with higher gold grades and no copper, such as Kinross'
Lobo-Marte deposit. 


Historic Work

The Las Leddas property has an overburden from modern ash flows and was
originally discovered and believed to be prospective, due to erosion exposing
mineralization at the base of creeks. The property was explored by Kinross Gold
Corporation (Kinross) from 2008-2010 where rock geochemical analysis from
trenching and road cut sampling was undertaken. In 2009 a 3,000m reverse
circulation (RC) drill program, consisting of 13 holes, was carried out to test
for potentially mineralized zones of granodiorite. Drill hole depth averaged
230m, with significant mineralization intersected in holes:




--  LED-02: 52 m at 0.38 g/t Au 
--  LED-04: 10 m at 0.79 g/t Au 
--  LED-09: 50 m at 0.52 g/t Au and 26 m at 0.9 g/t Au 
--  LED-11: 6 m at 0.52 g/t Au. 



True widths are not known. Rock chip sampling carried out by Kinross indicated
grades of outcropping mineralization. 217 surface samples were taken and
analyzed by ALS Chemex Coquimbo IV Region Chile. Grades range between 0.02 and
2.19 g/t Au. A complete summary of the historical drill results and rock samples
will be available on the Company's website at www.qrscapital.com.


A ground magnetic survey was also carried out by Kinross. The data indicates a
significant elliptical anomaly in the central portion of the property. The
anomaly consists of an inner weak magnetic anomaly approximately 600m in length
which is surrounded by a magnetic low halo approximately 200 to 400m in width. 


The Company is of the view that given the project's location and historic work,
an exploration program seeking to define the potential extension or the presence
of a separate covered gold porphyry deposit (or deposits) is warranted. 


QRS's President, Diego Benalcazar, stated, "We were very fortunate to acquire
such great property in an established mining area with a number of world-class
deposits around us. The results from the previous exploration drilling are very
encouraging and provide an excellent starting point for us to build on." 


Terms of Agreement

Under the terms of the Option Agreement, QRS has the right to acquire a 100%
interest in the Las Leddas Project by making the following payments to the
vendor as follows: 




--  US$15,000 on signing of the option agreement, which amount has been paid
--  US$10,000 by March 15, 2012 
--  US$250,000 by March 30, 2012 (the "First Option Payment Date") 
--  US$250,000 within 6 months from the First Option Payment Date 
--  US$250,000 within 12 months from the First Option Payment Date 
--  US$350,000 within 18 months from the First Option Payment Date 
--  US$400,000 within 24 months from the First Option Payment Date 
--  Upon satisfying the above option payments the Company will have the
    right to acquire 100% of the Leddas project by making a cash payment of
    US$13,465,000 within 990 days of the First Option Payment Date, subject
    to a 1.5% Net Smelter Return royalty (NSR) payable to the vendor. 



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.


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 data and information and has approved the contents of this
release.


About QRS Capital Corp.

QRS is a mineral exploration company actively seeking exploration stage copper
and gold targets in South America, particularly in Chile, Mexico, Colombia,
Brazil, and Ecuador. 


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 the completion the acquisition
of the Las Leddas Project and the exploration results relating to the Las Leddas
Project. 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.