Maiden Copper-Gold Resource For Planalto Project

VANCOUVER - Lara Exploration Ltd. reported the initial resource estimate of the Planalto Copper-Gold Project in the Carajás Mineral Province of northern Brazil. GE21 Consultoria Mineral Ltda. (GE21), an independent mining and geological consulting company, estimated the Mineral Resources for the Planalto project. Indicated Resources are estimated to be 47.7 million tonnes (Mt) at an average grade of 0.53% copper (Cu) and 0.06 grams per tonne (g/t) gold (Au), or 0.56% copper-equivalent (CuEq), containing 253 thousand tonnes (0.56 billion pounds) Cu or 267 thousand tonnes (0.59 billion pounds) CuEq. Inferred Resources are estimated to be 154 Mt at an average grade of 0.36%Cu and 0.04g/t Au, or 0.38%CuEq, containing 549 thousand tonnes (1.2 billion pounds) Cu or 585 thousand tonnes (1.3 billion pounds) CuEq.