LRA Lara Exploration Ltd

Lara Exploration Ltd., ("Lara" or the "Company") (TSX VENTURE:LRA) is pleased to
report that its affiliate Andean Coal (BVI) Ltd., has signed a Letter of Intent
with Carbhid S.A.S., whereby Andean Coal can earn a 51% interest in all of
Carbhid's interests in the Escalones Property, in return for investing $830,000
in exploration and development of the property by December 30, 2014. Under the
terms of the agreement, Carbhid will remain the operator of the Property.


The Escalones Property covers a 90.58 hectare portion of Mining Concession
Agreement FGL-111, located in the coal producing Boyaca Region of Central
Colombia. Since December of 2012, Lara Exploration and Andean Coal have invested
approximately US$330,000 (of an approximately US$409,000 commitment) in
development work on the Escalones Property to acquire a 19.9% interest in
Carbhid. These funds were mostly invested to develop the El Diamante and Carbhid
2 mines. El Diamante is currently ramping up production from the current level
of 300 tonnes per month, to reach a production rate of 1,500 tonne per month.
The first operating front at Carbhid 2 mine was completed in early January 2014
and the mine is expected to produce at higher levels than El Diamante. Work is
on-going at Carbhid 2, to access and develop additional deeper coal seams.


On February 5, 2014, Carbhid broke ground on the development of a third inclined
shaft, denominated Carbhid 4, which will access the La Cisquera coal bed, which
has an average thickness of 4.5 metres and that will permit Carbhid to produce
more efficiently and on a larger scale going forward. The long term goal in the
Escalones block is to reach production of 15,000 tonnes per month. 


Andean Coal is owned 50% each by Lara Exploration and its coal alliance partner,
Kiwanda Mining LLP. Under the terms of a deal agreed with Nebo Capital Corp.
(see Lara news release of December 3, 2013 for details), subject to completion
of a financing by Kiwanda and approval by the TSX Venture Exchange, Nebo will
acquire 100% of Andean Coal, which in turn will own direct and indirect (through
its ownership of Carbhid shares) interests in the Escalones Property,
representing a net 60.75% beneficial ownership interest. Andean Coal also holds
an option to acquire a 75% interest in the Pelaya exploration prospect, in the
Cesar district of northern Colombia. The approximately 1,600-hectare Pelaya
prospect lies at the southern end of one of the principal coal-producing basins
of Colombia, covering an area not previously drill tested. 


Quality Control

Andre Gauthier, Lara's President, a member of the Quebec Order of Engineers, is
a Qualified Person as defined by National Instrument 43-101 Standards of
Disclosure for Mineral Projects and has verified, and approved the disclosure
of, the technical information in this news 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 in Brazil,
Peru, Colombia and Chile, where it has signed agreements for twelve Joint
Ventures and Strategic Alliances. 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
www.laraexploration.com

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