Lara Exploration Ltd., TSX.V : LRA., Vancouver, BC., Lara focuses on building a portfolio of exploration, mining and royalty interests in South America using the Project Generator business model which negotiates joint ventures to fund exploration to reduce technical risk and minimize shareholder dilution.

The Company is concentrating its efforts on exploring for gold, phosphates, nickel, tin and copper in Brazil but retains an opportunistic approach for projects in neighboring countries and other commodities.

SOUTH AMERICAN PROSPECT GENERATOR

Projects:

• 9 metals projects (gold, copper, nickel, tin, iron and zinc.
• one diamond project.
• 120,000 hectares of phosphate and potash claims.

The Company’s more advanced projects are the Lara Copper Deposit in Peru and the Araguaia Nickel Project in Brazil, which includes the Vila Oito nickel laterite discovery. Central Brazilian projects include Campos Verdes Gold and Canabrava Zinc-VMS.

In NW Brazil the Company is exploring the old São Lourenço tin mine and evaluating two diamondiferous kimberlites at Concord.

Lara has significant exploration rights for gold, iron and copper in the Carajás and Tapajos districts of Brazil. Currently the Company has roughly $16m in joint venture deals signed, with partners including Teck Cominco and Sprott Resource Corp.

Fertiliser Alliance – Sprott Resource Corp - $3m in exploration to earn a 63%interest.

Large shareholders -Rick Rule 11%, Lukas Lundin 8% (and 1.5m warrants) and Trimark Capital 5%

Looking forward:

• $4.5m in cash
• $3.0m of shares of Sprott Resource Corp
• Budget $2.0m per year
• Potential third-party investment of >$14m
• AraguaiaNickel–TeckCominco- $0.6m cash and $8m in exploration to earn 75% interest
• CanabravaZinc–Votorantim-$2.5m of exploration, BFS and project financing for a 75% interest
• Building portfolio of prospective fertilizer projects in Brazil and Colombia
• Emerging tin discovery at Sao Lourenco
• Iron ore target with potential to generate cashflow
• Cut exploration spending and preserve treasury
• Focus on M&A and acquisition opportunities