La Quinta Resources Corporation

La Quinta Resources Corporation

October 29, 2007 10:30 ET

La Quinta Receives Conditional Approval of the Acquisition of 7,010 Sq Km in Maniema South Kivu Gold Belt

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 29, 2007) - La Quinta Resources Corporation, ("La Quinta" or "LAQ") (TSX VENTURE:LAQ) is pleased to announce that it has received conditional approval of its application to the TSX Venture Exchange to complete the acquisition of a contiguous group of 32 exploration licences, or Permis de Recherche, in Maniema and South Kivu Provinces in South Eastern DRC, covering some 7,010 square kilometres of the highly prospective Twangiza - Namoya gold belt. (See Press Release dated October 11, 2007.) This acceptance is subject to completion of formal acquisition agreements and meeting of a number of other minor requirements and a funding plan for the acquisition.

Malcolm Swallow, the Company's Chairman said "We as a Board are relieved, after some 15 months of due diligence, to be able to bring this transaction to close and to commence exploration on such a highly prospective piece of ground, in a known gold belt, abutting and between recently discovered major gold deposits. We look forward to working with our partners Wa Balengela Kasai investments sprl to outline and discover new gold projects in this highly prospective gold belt."

The company is currently working adjacent to these claims on the Kampene gold project also in DRC. (See Press Release dated October 16, 2007) In addition the Company is working in Mexico on the Orofino Project in Sonora State. Because of the extent of its current holdings overseas, the Board of La Quinta has taken the decision to allow its holdings in BC, Canada, centered around the Crowsnest and Howell Properties, to lapse on the expiry of its recent agreements.

A map showing the location and extent of the exploration leases; the Company's adjacent Kampene Exploration Licence area, and the overall area's relationship to the Twangiza - Namoya gold belt; plus further discussion of the initiative by La Quinta Resources in the Democratic Republic of Congo and its gold exploration work in Mexico, can be found on the Company's web site at

Malcolm Swallow, the Company's Chairman and CEO and a Qualified Person, both in BC, Canada and in Europe, acted as the Qualified Person for this news release, being responsible for the acquisition of this property. He recently visited the 7,010 Sq Kms, the Kampene property and the Company's Mexico operations.

This Press Release includes forward-looking statements that are subject to risks and uncertainties. All statements within, other than statements of historical fact, are to be considered forward looking. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties.

On Behalf of the board

Malcolm JA Swallow, Chairman and CEO

The TSX - Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release, which has been prepared by management.

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