Lara Exploration Ltd.: Corporate Update

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 22, 2011) - Lara Exploration Ltd. (TSX VENTURE:LRA) ("Lara" or the "Company") is pleased to announce the appointment of Christopher MacIntyre to the position of Vice President Corporate Development. Mr. MacIntyre's responsibilities will include corporate and project finance, strategic development, and corporate communications.

Mr. MacIntyre is also Vice President Corporate Development for Reservoir Capital Corp. (TSX VENTURE:REO) and was Manager Corporate Development with Universal Power Corp. (TSX VENTURE:UNX) from October 2008 until March 2010. Mr. MacIntyre holds an Honours Bachelor of Commerce Degree from the Queen's School of Business at Queen's University in Kingston, Ontario.

Pursuant to the terms and conditions of the Company's Stock Option Plan, Mr. MacIntyre has been granted 50,000 incentive stock options exercisable at $1.76 per share for a period of five years.

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 China, with eight actively funded joint ventures. 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.