A prospect generator with a portfolio of mineral properties in South America and Asia, Lara Exploration Ltd., manages risk by focusing on acquisition and exploration and forming joint ventures with companies to fund detailed exploration and project development. “You can not control your rewards in the exploration business, but you can control your risks,” says Miles Thompson, Chairman, CEO & Director, Lara Exploration Ltd. He clarifies, “Lara’s strategy is to build a portfolio of minority interests in projects where we don’t carry the risk.”

Miles Thompson, Chairman, CEO & Director, Lara Exploration Ltd., defines Lara as a prospect generator with a portfolio of mineral properties in Brazil, Columbia, Peru and China. “Lara’s strategy is to build a portfolio of minority interests in projects where we don’t carry the risk,” states Mr. Thompson.

Mr. Thompson explains, “Lara has a very diverse portfolio; a broad range of projects and very broad range of commodities in different jurisdictions, as a way to lower the risk for shareholders. We try to remove the technical and the financing risks from the projects.”

Lara’s diverse portfolio includes phosphate rock, potash, nickel, gold, tin, copper, iron, lead and zinc. Seventeen of Lara’s projects are joint ventures with the exploration funded by third parties.

Projects

“We’re drilling a Copper porphyry in Peru, called the Lara Project. It’s funded through a joint venture with a company called Redzone Resources Ltd. We’ve had a very successful drilling program earlier in the year and we’ve just embarked on another 5,000 meter program, which should lead to an expanded resource,” Mr. Thompson commented.

Under the terms of the joint venture agreement, Redzone could earn up to a 75% interest in the Lara Project in exchange for issuing 850,000 Redzone common shares to Lara over a 3 year term and making a one time cash payment of US$1.5 million on or before January 28, 2015. Lara retains a 1% net smelter royalty on all production.

The Curionópolis IOCG Property (“iron oxide copper gold”) is another important one for Lara. “We’re drilling a very prospective IOCG copper system in Brazil with Codelco, the state company from Chile, where we’ve just completed 3,000 meters drilling which we hope to report before year end,” explains Mr. Thompson. Codelco can earn up to a 75% interest by funding exploration and resource studies for the project.

“The other project I really like is a gold/copper project in Peru called Sami,” declares Mr. Thompson. “We still are working that one ourselves and getting spectacular results from the surface work.”

“We have an iron ore project in Brazil that we’ve vended to a small Brazilian company that is putting it into production,” continues Mr. Thompson. “That should begin producing as a mine and producing a royalty to our company from mid to late next year that will cover most of our running costs as a company.” Vertical, a company owned by a group of Brazilian pig iron producers, will explore and drill this property, which is called the Curionopolis Iron Project.

Management Team

Mr. Thompson, based out of Toronto and Brazil, is a geologist with over 25 years experience, mainly in South America. Mr. Thompson founded Lara Exploration in 2006. His experience, in technical exploration and the commercial side of running exploration businesses, includes time spent with Gold Fields Ltd. working on joint ventures and acquisitions.

Andre Gauthier, President and Director, was the international exploration manager for Cambior Inc. Based out of Vancouver and Lima. Mr. Gauthier has over 30 years experience in the mining exploration industry and has been working in Peru in excess of 10 years.

The Vice President of Exploration is Michael Bennell, a graduate of the University of Tasmania. He has worked in Brazil since the 1970s.

“Andre runs the day-to-day operations in Peru and China. I run the day-to-day corporately and Mike runs the day-to-day in Brazil,” explains Mr. Thompson. “We have local teams in Peru, Brazil, China and Columbia that execute the work programs.”

Financial Information

“We listed as a public company in early 2006. We did a financing at that time which raised us a few million dollars and that’s the only financing that we’ve ever done,” Mr Thompson declares.

Mr. Thompson can attest to the benefits of joint ventures and the positive cash position they provide to Lara. “We’ve done very smart deals over the years. We’ve funded everything out of transactions and joint ventures. We currently have $2.5 million in the bank. We have another $600,000 coming in off the iron ore project over the next 6 to 8 months plus we hold several million dollars of shares in other companies that we got off joint ventures. We have a very tight share structure and we’re comfortably funded for the next year. Plus, once the royalty comes in end of next year it will be a couple of million dollars each year which covers all our overhead.”

Economic Predictions

No one can predict the future, but Mr. Thompson provides his best guess at what’s to come. “There are some serious structural issues globally with the economy, the dynamics of which are going to be hard to predict. If I were to make a guess, I would say there is going to be a tendency for increased volatility for the foreseeable future. People are going to have to look a little bit more carefully at how they invest. I think with commodities, we’ve had 5 or 6 years, up to 2008, where everything went up. I don’t think that the commodity boom is finished, but I think from this point forward you’re going to have to invest in real value. The market won’t save you from your mistakes. Lara’s got a very solid business. I see it as a company that is, if not immune to risk, almost completely de-risked with regards to the business we’re in. So it’s a sustainable business in any market.”

Mr. Thompson finishes saying, “You can not control your rewards in the exploration business, but you can control your risks. We have a strong management team. We have a tight share structure. We’re in multiple jurisdictions, multiple commodities, multiple projects and our exploration programs are funded by third parties. So, we’ve effectively de-risked, in almost every way possible, what we’re doing.”

For more information:

http://www.laraexploration.com

info@laraexploration.com

Corporate Directory

Vancouver Office:

Address:                      501 - 543 Granville Street

Vancouver, BC

Canada V6C 18X

Telephone:                    604-669-8777

Fax:                  604-688-1157

 Toronto Office:

 Address:                     100 Richmond Street West, Suite 414

Toronto, ON

Canada M5H 3K6

 Telephone:                   416-703-0010

 Fax:                 416-964-0823

 Contact:

                         Christopher MacIntyre, Vice President of Corporate Development

cmacintyre@laraexploration.com

Brazil Office:

Address:                      c/o FFA Legal

Av. Jornalista Ricardo Marinho, 360 - Grupo 111/113

Rio de Janeiro,

Brazil - Cep 22631-350

Telephone:                   +55 21 2439-5700

Maxy Gold Corp Beijing Representative Office:

Address:        Room 4128, Floor 4, 36 Yingbin Zhong Road,

                     Huairou District, Beijing, China 101400

Telephone:     +86 10 8494 2612

Maxy Gold Corp Peru Office:

Address:        #390 Tacna St, Miraflores,Lima, Lima 18, Peru

Telephone:     +51 1 446 4545; +51 1 445 0229

Fax:                Ext. 116