Lara Exploration Ltd. ("Lara" or the "Company") (TSX VENTURE:LRA) is pleased to
report that it has signed a Definitive Mining Assignment and Option Agreement
with Compania Minera Ares S.A.C. ("Ares"), a subsidiary of London-listed
Hochschild Mining plc., to purchase the Company's Corina Gold Project in
southern Peru. Under the proposed terms, Ares has the option to acquire Corina
from Lara for staged cash payments totalling US$4,150,000 (US$150,000 of which
was paid on signing), carrying out up to US$2,000,000 in exploration in order to
keep the Assignment and Option Agreement in good standing, and paying a 2% net
smelter return royalty on any future production (see Company news release of
June 23, 2014 for details).


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. 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
www.laraexploration.com.


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
604.688.1157 (FAX)
info@laraexploration.com
www.laraexploration.com
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