La Quinta Resources Corporation
TSX VENTURE : LAQ

La Quinta Resources Corporation

October 23, 2006 20:00 ET

La Quinta Defends its Right to Enter Into Agreement in DRC

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Oct. 23, 2006) - La Quinta Resources Corporation (TSX VENTURE:LAQ) -

The Company reports further to its new release of September 15, 2006 that Banro Congo Mining SPRL, a subsidiary company of Banro Corporation, a TSX listed company, has commenced an action against the company claiming that it has a prior agreement with W.B Kasai Investment Congo SPRL (WBK) to acquire the mineral property interests which are the subject of the Memorandum of Understanding (MOU) between the Company and WBK dated Aug. 28, 2006 as reported in the Company's news release dated August 28, 2006.

The Company has been assured by WBK that it is has the right to enter into the MOU and as a consequence the Company will be filing a defense to protect its interests. Company chairman Malcolm Swallow is currently in the DRC supervising the Company's due diligence review of the properties and related matters.

ON BEHALF OF THE BOARD

Glen R. Watson, President

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

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