La Quinta Resources Corporation
TSX VENTURE : LAQ
FRANKFURT : LQK

La Quinta Resources Corporation

August 15, 2011 09:30 ET

La Quinta Resources Completes a Positive Due Diligence on Carruthers Pass Massive Sulfide, B.C.

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 15, 2011) - La Quinta Resources Corporation (TSX VENTURE:LAQ)(FRANKFURT:LQK) ("La Quinta" or the "Company") is pleased to report that it has completed a positive due-diligence review of the Carruthers Pass volcanogenic massive sulfide project, situated in north-central British Columbia. La Quinta reviewed the project in the field with representatives of Cariboo Rose Resources Ltd. ("Cariboo Rose") during the week of August 8, 2011. The Carruthers Pass project contains 8 claims covering 3,250 hectares (7,850 ac) in the Omineca Mineral District of British Columbia. In April 2011, Cariboo Rose agreed to grant La Quinta an option to acquire the project under a Letter of Intent ("LOI"), subject to favorable due diligence. Under the terms of the LOI, the Company can acquire 90% of the project from Cariboo Rose over a six (6) year term by spending $2 million in work commitments on the project, and making payments of $470,000 cash and issuing 2 million shares of the Company's common stock to Cariboo Rose. The Company further has opportunity to acquire the remaining 10% interest from the Vendor at fair market value. The project is subject to a 2.5% royalty, which may be reduced to 1% royalty by purchase from the underlier, Phelps Dodge Corporation of Canada, for $1.5 million.

CEO Glen Watson said "We were impressed with the quality of visible massive sulfide mineralization on the project. The scant drilling that had been done previously showed favorable returns from drillholes scattered over a large geographic area. We look forward to defining the extent of the mineralized horizons identified in previous work. We suspect that several other horizons of mineralization are yet to be discovered on this exciting project".

The information contained in this news release has been reviewed, approved and deemed relevant by Walter Martin, the Company's President, C.P.G., a qualified person as defined under Standards for Disclosure of Mineral Projects (National Instrument 43-101).

About La Quinta Resources Corporation

La Quinta is a junior precious metals exploration company actively seeking mineral opportunities for the benefit of our stakeholders. Currently the Company is focused on exploring for gold, silver and copper on the Easter Project and its Black Jack properties, Nevada and on Carruthers Pass, British Columbia. The Easter Project is underlain by an epithermal quartz-adularia vein stockwork system hosted within Tertiary volcanic rocks of the Caliente Caldron Complex of southeastern Nevada. Numerous drill programs were conducted over the past 27 years by several operators. The resultant 121 holes and five adits were used to outline a 43-101 compliant resource of 2.6 million tons at 1.3 g/t gold (0.038 oz/t) and 14 g/t silver (0.4 oz/t) within an area of gold mineralization with a strike length of at least 6,450 feet (1,966 m) and drill-defined widths up to 90 feet (27.4 m). Significant prior intercepts include up to 0.194 oz. Au / ton over 90 feet (6.6 g/t over 27.4m true thickness) (including 0.549 oz. Au / ton over 15 feet [18.8 g/t over 4.5m]) and 0.084 oz. / ton over 110 feet (including 0.534 oz. Au / ton over 5 feet) [2.88 g/t over 33.5 m w/internal 18.3 g/t in 1.52 m]. The Black Jack property, an early-stage exploration target in NE Nevada, consists of old mine workings that contain silver- gold-base metals veins hosted in Ordovician limestones that overlie nearby Cambrian shale. The Carruthers Pass property is a massive sulfide project with copper, gold and silver located 70km south of Kemess copper-gold mine. The project consists of 8 claims covering 3,250 hectares. No resources have been identified in either Black Jack or Carruthers Pass properties.

On behalf of the board

Glen Watson, CEO and Director

This document includes forward- looking statements. When used in this document, the words "potential", "plan", "could", "estimate", "expect", "intend", "may", "should", and similar expressions are intended to be among the statements that identify forward-looking statements. Although La Quinta believes that their expectations reflected in these forward-looking statements are reasonable, such statements involve risks and uncertainties and no assurance can be given that actual results will be consistent with these forward-looking statements.

SEC 12G file#82-35061

"Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."

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