Corporate Update

Lara Exploration Ltd. ("Lara" or "the Company") is pleased to announce the appointment of Mr. Colin K. Benner to the board of directors (the "Board") of the Company.

Mr. Benner, a Professional Engineer, is currently Vice Chairman and a Director of Lundin Mining Corp. Prior to holding his current position, Mr. Benner was Vice Chairman and CEO of the same company and was previously Vice Chairman and CEO of EuroZinc Mining Corp. which merged with Lundin Mining Corp. He is a Professional Engineer with over 40 years of experience in the mining industry. His wide-ranging executive positions have been in mining companies producing precious metals, uranium, potash and base metals. He currently serves on a number of boards including Sherwood Copper Corp., Tahera Diamond Corp., Dundee Precious Metals Inc., Gold Hawk Resources Inc. and Major Drilling International Group.

As part of Mr. Benner's joining the Board, 150,000 incentive stock options exercisable at $1.19 per share for a period of five years have been granted to him.

At the same time, Lara announces the resignation of Mr. Alan Matthews from the Board. Lara wishes to acknowledge Mr. Matthews' contribution to the growth and development of the Company and express its thanks for his work on behalf of Lara.

About Lara

Lara is a well-funded junior exploration company with fourteen (copper-gold-nickel-tin) projects in Brazil and the Lara oxide copper deposit in Peru. Lara's common shares trade on the TSX Venture Exchange under the symbol "LRA".

For further information on Lara Exploration Ltd. please consult our website at www.laraexploration.com or contact: Miles Thompson, President or Kim Casswell, Corporate Secretary at (604) 669-8777.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.