La Quinta Resources Corporation, ("La Quinta," "LAQ," or the "Company") (TSX
VENTURE:LAQ) together with its partner in the Democratic Republic of Congo, Wa
Balengela Kasai Investments Congo sprl, (WBK) are pleased to announce that they
have signed formal agreements completing the formation of a Joint Venture
Company which will option and explore a contiguous group of 32 exploration
licences, or Permis de Recherche, granted to WBK by the Cadastre Minier under
the Mining Code of the Democratic Republic of Congo. The Research Permits or
Exploration Licenses are located in Maniema and South Kivu Provinces in South
Eastern DRC abutting and covering all the ground between Banro Corporation's
(TSX:BAA) Lugushwa and Namoya gold properties. The WBK Licenses cover some 7,010
square kilometres of the highly prospective Twangiza - Namoya gold belt and
extends some 120 kilometres to the West. Banro Corporation has indicated the
discovery of multi-million ounce deposits of gold on both Lugushwa and Namoya.


Malcolm Swallow, La Quinta's Chairman said "Both we and WBK are delighted to
have finally completed this transaction and we both look forward to working
together to commence exploration on such a highly prospective piece of ground in
a known gold belt, abutting and between recently discovered major gold deposits.
The issuance of the signed Exploration Permits to WBK on March 10th 2008 by the
Congolese Government removes any uncertainty as to title and we look forward to
working with our partners Wa Balengela Kasai to outline and discover new gold
projects in this highly prospective gold belt."


This transaction was originally contemplated in an MOU signed between the
parties in August 2006 (See Press Release dated August 28, 2006) and has been
delayed pending completion of formal agreements and the receipt by WBK of the
signed Permis de Recherche for the 32 exploration licenses which were finally
received by WBK on the 10th of March 2008, signed by the DRC Government. The
Option and Joint venture Agreement was conditionally approved by the TSXV for
filing in October 2007, and the signed Agreements have now been submitted to the
TSXV for final acceptance.


The formal Agreements give La Quinta the option to earn up to 80% in the Joint
Venture Company with WBK, by funding US$ 10 million in exploration expenditure
over five years, with a minimum expenditure of $2 million per year. Upon
completion of a feasibility study within the five year period, the Joint Venture
will be entitled develop the properties within the 7,010 square kilometre
exploration licence areas by converting them to an Exploitation Licence or
licences, in accordance with the Mining Code of the Democratic Republic of
Congo.


Upon the commencement of the Joint Venture, La Quinta will hold a 10% interest
in the joint venture company and WBK will hold 90% and La Quinta shall have the
right to increase its interest in the joint venture company to an 80% interest
by making payments to WBK totalling US$1,500,000 and issuing 8,000,000 shares of
La Quinta over the first three years of the agreement. Upon completion of all
share issuances and cash payments, La Quinta will be vested with an 80% interest
and WBK with a 20% interest in the Joint Venture Company.


During the exploration period ownership of the concessions shall remain vested
with WBK and will be transferred to the Joint Venture Company on completion of
the Feasibility Study as contemplated in the formal documentation. WBK shall be
responsible with assisting the Joint Venture Company with government relations,
local liaison and local management and expediting of the projects in the DRC.


On any gold production, the Joint Venture Company shall pay WBK a net smelter
return of 2.5%. La Quinta has agreed to pay Finders or Agents fees in respect of
the transaction in the amount of 550,000 shares payable by La Quinta in six
instalments, over the first three years of the agreement; prorated and made at
the same time as La Quinta is required to make share payments to WBK. There is
an Area of Mutual Interest (AMI) established stretching 20 kilometres from the
outside borders of any of the rights held in the Joint Venture Company. The
parties have also agreed that the Joint Venture Company will establish
operating, local relations and finance committees with representatives of each
of the parties. As part of the agreement, LAQ will offer two representatives of
WBK representation on the Board of LAQ.


The WBK properties to be optioned and acquired by the Joint Venture Company will
form the primary focus of the Company's exploration work in Congo. The Company
is currently working adjacent to the WBK Licences on the Kampene gold project
also in DRC. (See Press Releases dated April 17, 2007) In addition the Company
is working in Mexico on the Orofino Gold Project in Sonora State. The Company
has already established a considerable presence in the DRC and has exploration
staff and equipment ready to commence work immediately on the much larger
Maniema - South Kivu area.


A map showing the location and extent of the exploration leases and the overall
area's relationship to the Twangiza - Namoya gold belt, plus certified copies of
the relevant Permis de Recherche can be found on the Company's web site at
www.laquintaresources.com.


Malcolm Swallow, the Company's Chairman and CEO and a Qualified Person, both in
BC, Canada and in Europe, acted as the Qualified Person for this news release,
being a signatory of the final agreements and also being responsible for the
acquisition of this property.


This Press Release includes forward-looking statements that are subject to risks
and uncertainties. All statements within, other than statements of historical
fact, are to be considered forward looking. There can be no assurances that such
statements will prove accurate and, therefore, readers are advised to rely on
their own evaluation of such uncertainties.


On Behalf of the board

Malcolm JA Swallow, Chairman and CEO