News 2006

Appointment Of New Director And Granting Of Stock Options

Mar 16, 2006

Lara Exploration Ltd. ("Lara" or the "Company") announces the resignation of Mr. Brian Bayley from the board of directors effective today and the appointment of Dr. Craig Bow as a director of the Company.

Dr. Bow is a precious-metals-oriented geologist with over 25 years experience in domestic and international exploration. Dr. Bow has worked for Gold Fields Exploration, Inc. as a Senior Geologist and Exploration Manager, North America as well as Newcrest Resources Inc., Exploration Manager, South America.

The Company also announces that pursuant to the Company's Stock Option Plan, 715,000 incentive stock options exercisable at $1.35 per share for a period of five years have been granted to certain directors, officers, employees and consultants of the Company.

Lara focuses on the acquisition, discovery and exploration of gold and base metal deposits, and holds exploration properties in Brazil and Peru.

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For further information contact:

Lara Exploration Ltd.
Miles Thompson, President
(604) 488-8711

Lara Exploration Ltd.
Kim Casswell, Corporate Secretary
(604) 488-8711

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