Vertical granted pilot mining license for the Curionopolis iron project

Lara Exploration is pleaseramesh ji baewar ball mill manufacturerd to report that Vertical Mineracao, has been granted a Trial Mining License for the Curionopolis Iron Project in northern Brazil, where Lara retains a royalty interest.

Vertical has concluded 115 diamond drill holes, for approximately 9,000 metres to date, outlining iron formations along six targets extending for approximately 8.5 kilometers and with thicknesses of up to 150 metres within the property.

The Company has been advised by Vertical that it plans to file its final exploration report to the Brazilian Department of Mines by the end of this month.

Under the terms of the agreement with Vertical, an area of 1,348 hectares of the Curionopolis Property was ceded in exchange for cash payments to Lara of US$868,256 paid and the remainder due by August 2012), production royalties of US$1.50/ton on sales of granular iron ore and US$0.75/ton on sales of fine-grained iron ore from the Project.

Michael Bennell, Lara's Vice President Exploration and a Fellow of the Australasian Institute of Mining and Metallurgy, 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.