Lara Updates Progress Of Permitting and Development Work at the Maravaia Copper Deposit

VANCOUVER - Lara Exploration Ltd.reported an update on permitting and development work being undertaken by partner Tessarema Resources Inc. at the Maravaia Copper Project, located in the Carajas District of Northern Brazil. On the permitting front, Tessarema has now been issued with the Installation License for its tailings facility and filed its Feasibility Study (known in Brazil as "Plano de Aproveitamento Economico") with the Department of Mines. Tessarema's consultants are currently working to secure the Operating Licenses that will allow the start of commercial production.

Construction of the processing plant is also now well advanced, with the remaining large items of the crushing circuit installed in December. Please see the projects section of the Lara website (www.laraexploration.com) for an updated set of photographs of the construction work.

Tessarema can complete its earn-in to 100% by starting commercial production at a rate of not less than 500 tonnes per day and making a final US$750,000 payment to Lara. Thereafter, Lara will retain a net smelter returns royalty of 2%.