Lara Exploration Ltd.

Lara Exploration Ltd.

May 21, 2009 17:08 ET

Lara Exploration Ltd.: Appointment of Chief Financial Officer

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 21, 2009) - Lara Exploration Ltd. (TSX VENTURE:LRA) ("Lara" or the "Company") is pleased to announce that David L. Miles has been appointed Chief Financial Officer of the Company replacing Michael Sadhra who has resigned his position.

Mr. David Miles is a Chartered Accountant with a B.Sc. in Geology who has over 20 years experience in a large multinational corporate environment, primarily with Cominco Ltd. While with Cominco, he held various positions in corporate finance and was most recently Exploration Controller, responsible for the financial reporting of the corporation's eight international exploration subsidiaries as well as reporting for Canadian based exploration. From 2002 to 2004, Mr. Miles was the corporate controller for Quest Capital Corp. (formerly Viceroy Resource Corporation). Mr. Miles is currently the CFO of Esperanza Silver Corporation, Nevgold Resource Corp. and Colombian Mines Corporation.

The Company would like to thank Mr. Sadhra for his contribution to the growth and development of Lara.

The Company also announces that pursuant to the Company's Stock Option Plan, 65,000 incentive stock options exercisable at $0.40 per share for a period of five years have been granted to Mr. Miles.

About Lara

Lara is a well-funded prospect generator, with a multi-commodity exploration portfolio in Brazil, Colombia and Peru. Lara's common shares trade on the TSX Venture Exchange under the symbol "LRA".

Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Lara Exploration Ltd.
    Miles Thompson
    (604) 669-8777
    Lara Exploration Ltd.
    Kim Casswell
    Corporate Secretary
    (604) 669-8777
    (604) 688-1157 (FAX)