Lara Exploration Ltd. (TSX VENTURE:LRA) ("Lara" or the "Company") provides an
update on some of its joint ventures and property portfolio in Brazil and Peru.
A few of the Company's projects have been drill tested over the last 12 months
with disappointing results and some of the exploration partners have failed to
obtain financing, such that the Company has recovered projects that were in
joint ventures, some of which it now intends to drop.


In Brazil, Avenue Resources Ltd., has terminated its earn-in option on both the
North Brazilian Tin Project and Avanco Resources Ltd., has terminated its
earn-in option on the Company's Conceicao Nickel Project. Lara has reviewed
exploration work by its partners and decided that enough work has been done to
test the targets. In light of those results, Lara has elected to relinquish both
projects, along with the Canabrava Polymetallic Project in Goias State, that was
drill tested by a joint venture partner in 2011.


In Peru, Lara has received its Condoroma and Coporaque Copper Projects back from
Halston Exploration Inc., and its Atenea Gold Project back from Alta Resources
Inc. None of the projects were drill tested under those partnership agreements
and Lara has elected to retain all three properties and seek new partners.


About Lara

Lara is an exploration company following the Prospect Generator business model,
which aims to minimize shareholder dilution and financial risk by generating
prospects and then exploring them in joint ventures funded by partners. The
Company currently holds a diverse portfolio of prospects and deposits in Brazil,
Peru, Colombia and Chile, where it currently has twelve Partnership Agreements
and three Strategic Alliances, including one to explore for copper with
Antofagasta in Brazil. Lara's common shares trade on the TSX Venture Exchange
under the symbol "LRA".


Neither the TSX Venture Exchange nor the Investment Industry Regulatory
Organization of Canada accepts responsibility for the adequacy or accuracy of
this release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Lara Exploration Ltd.
Chris MacIntyre
VP Corporate Development
+1 416 703 0010
info@laraexploration.com
www.laraexploration.com
Lara Exploration (TSXV:LRA)
Gráfico Histórico do Ativo
De Abr 2024 até Mai 2024 Click aqui para mais gráficos Lara Exploration.
Lara Exploration (TSXV:LRA)
Gráfico Histórico do Ativo
De Mai 2023 até Mai 2024 Click aqui para mais gráficos Lara Exploration.