Lara Signs Option to Acquire the Planalto Copper Project in Northern Brazil

Lara Signs Option to Acquire the Planalto Copper Project in Northern Brazil 
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 02/25/13 -- Lara
Exploration Ltd. (TSX VENTURE:LRA) ("Lara" or the "Company") is
pleased to report that it has signed an Option Agreement to acquire
the Planalto Copper Project, in the Carajas District of northern
Brazil. The project comprises three exploration licenses, totalling
4,726 hectares in area, that lie approximately 10 kilometres to the
west of Vale S.A.'s Cristalino deposit. Under the terms of option to
acquire the Planalto Copper Project, Lara has made a payment upon
signing of US$25,000 and will fund exploration and make the following
additional payments in order to complete the purchase of a 100%
interest in the properties: 


 
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Option Payment Terms                                                    US$
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Upon Signing the Definitive Agreement                                25,000
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Upon Completion of a Third-Party JV                                  25,000
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12 months from Signing of the Definitive Agreement                  100,000
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12 months from the Completion of a Third-Party JV                   100,000
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24 months from the Completion of a Third-Party JV                   100,000
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Approval by the DNPM of Final Exploration Report                    150,000
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Net Smelter Return ("NSR") Royalty (i)                                   2%
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(i) Lara has the right to acquire 50% the NSR for US$2 million             
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The geology of Planalto Copper Project comprises
meta-volcano-sedimentary sequences and intrusives of early
Proterozoic-age that are deeply weathered and have an extensive
lateritic cover. Data provided by the vendors, includes reports of
previous exploration work including soil sampling and two diamond
drill holes. The Company does not have access to the drill cores or
samples to confirm these historic results, but they are included here
for information purposes in that they were the basis for the decision
by the Company to enter into the option agreement. Lara plans to
conduct its own work, making the staged purchase payments (tabled
above) to the underlying owners, only if the results and the
exploration potential of the property can be verified. 
The historic surface sampling outlined two copper-in-soil anomalies
with values in excess of 300 parts per million ("ppm") copper, one of
which is approximately 1.3 kilometres ("km") by 0.9 km in size, the
other 2.9 km by 0.3 km. The historical reporting also includes
results of two drill holes executed approximately 100 metres ("m")
apart on the same East-West section on one of the copper-in-soil
anomalies. Hole FD-73 has a reported intercept value of 188m of 0.4%
copper, including 15m at 0.67%, 14m at 0.68% and 10m at 1.18% copper.
Hole FD-74 has a reported intercept of 50m at 0.38% copper, including
21m at 0.6% copper.  
Quality Control 
Certain information and data in this news release concerning the
Planalto Copper Project and past work done thereon and results there
from is historical. The reliability of the historical data is unknown
but is considered relevant by Company management. The historical data
may not be compliant with National Instrument 43-101 and should not
be relied upon. It is the Company's intention to verify the
historical data, however confirmation work may produce results that
differ substantially from the historic results. There is a risk that
current exploration and test work will not result in the Company
replicating historical results. 
Michael Bennell, Lara's Vice President Exploration and a Fellow of
the Australasian Institute of Mining and Metallurgy (AusIMM), is a
Qualified Person as defined by National Instrument 43-101 Standards
of Disclosure for Mineral Projects and is responsible for the
preparation and verification of the technical information in this
release. 
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 primarily in Brazil and
Peru, where it has signed agreements for fourteen Joint Ventures and
three Strategic Alliances. Lara's common shares trade on the TSX
Venture Exchange under the symbol "LRA". 
Neither the TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release. 
Contacts:
Lara Exploration Ltd.
Chris MacIntyre
VP Corporate Development
+1 416 703 0010
www.laraexploration.com