La Quinta Resources Corporation

La Quinta Resources Corporation

October 12, 2006 14:05 ET

La Quinta Resources Corporation: Crowsnest Project Update, 1600-Metre Gold Bearing Structure Indicated

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Oct. 12, 2006) - In June and July La Quinta Resources Corporation (TSX VENTURE:LAQ) completed a program of mechanical trenching and drill road construction on the Crowsnest project located adjacent to the Flathead Forest Service road south of Fernie BC. The Crowsnest and the nearby Howell projects, are both owned by Eastfield Resources Ltd. and under option to La Quinta. The Projects are unique, containing the only significant known areas of intrusive rocks in the Front Ranges of the Eastern Rocky Mountains. The intrusive bodies, which are alkalic in composition, are associated with gold mineralization. Dome Exploration Canada Limited (later Placer Dome Canada Limited) started exploration on the Crowsnest property in the mid 1980's, and Eastfield purchased the claims through an option agreement in 1998, making the final payment in August of this year.

Despite a considerable amount of prior drilling and surface grid work, the source of numerous high-grade samples of rubble has remained a mystery. The high-grade rubble, which includes a number of samples exceeding 100 grams per tonne gold, occurs intermittently over 1,600 metres. Several hypotheses have been utilized to predict the source areas for the mineralization with limited success.

The La Quinta 2006 surface trenching program, which has not yet been compiled, located several new areas of anomalous gold in syenite bodies but did not locate new high-grade showings. Nevertheless, La Quinta feels that it has identified a feature that may define the trace of the "mother structure" responsible for the high-grade mineralization several hundred metres up the slope to the south of the existing road system. Hole 03-04, the most recent drill hole completed at Crowsnest in 2003, is believed to have intersected this structure and bottomed in mineralized syenite at 102.7 metres. The last 3.3 metre sample from this hole while returning only an anomalous gold value, returned 240.0 grams per tonne silver (7.0 ounces per ton). Hole 03-04 was located down slope from a mineralized sample of syenite float that returned a value of 9.36 g/t gold. The current model concludes that the discovery trench (trench TK-1), which returned 8.30 g/t gold over 16.5 metres, is on the same structure a further 800 metres to the northwest. A pronounced linear feature separating syenite from limestone defines this feature over a 250-metre interval. Investigation in 2006 of the area which is the southern projection of the structure, resulted in the discovery of mineralized syenite float that returned an assay of 3.49 g/t gold and is anomalous in tellurium which is the signature of gold mineralization at the discovery trench 1600 metres to the northwest. Future work will endeavour to expose this feature.

On the nearby Howell property, diamond drilling is currently in progress with the drill now testing the fourth target. No assays have yet been received for the drilling which is expected to continue to the end of October.

To earn a 60% interest in either property, La Quinta must complete $900,000 in work on Howell and $800,000 on Crowsnest before Dec 2008.

J.W. Morton, PGeo, is the qualified person who has reviewed and takes responsibility for this news release.

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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