QRS Capital Corp.

QRS Capital Corp.

December 12, 2012 22:00 ET

QRS Capital San Felix Land Claim Correction

THUNDER BAY, ONTARIO--(Marketwire - Dec. 12, 2012) - QRS Capital Corp. (TSX VENTURE:QRS) ("QRS" or the "Company") wishes to correct previous statements made regarding its San Felix Project in Chile. It has been brought to the Company's attention that its legal due diligence and landman service in Chile incorrectly identified a concession named San Agustin 1-10 covering a total of 90 hectares as being part of the Company's San Felix Project. The Company would like to clarify that the option agreement through which the Company holds the San Felix Project does not include the land covered by the San Agustin 1-10 concession and the Company does not have any right or title to such concession. The Company's San Felix Project still consists of 23 mining concessions for a total of 2,380 hectares.

The following samples were incorrectly reported in the Company's news release dated August 2, 2012 and in the Company's interim Management Discussion & Analysis dated November 28, 2012 as forming part of the San Felix Project. These samples form part of the San Agustin 1-10 concession and are not part of the San Felix Project.

Sample Easting Northing Sample
I236468 351664 6624043 Channel Chip 1.3 x 0.1 0.63 13 0.55 0.01 0.01
I236469 351664 6624043 Channel Chip 0.35 x 0.35 0.03 2 0.02 0.00 0.04
I240089 351492 6624047 Channel Chip 3 x 1 7.58 1360 1.40 0.00 0.02
I240090 351485 6624042 Panel chip 7 x 0.5 1.92 218 3.06 0.00 0.04
I240091 351474 6624041 Panel chip 8.5 x 0.1 4.18 387 0.72 0.00 0.05
I240092 351464 6624060 Channel Chip 5.5 x 0.1 1.22 62 0.44 0.00 0.01
I240093 351459 6624047 Channel Chip 6 x 0.1 2.25 587 2.41 0.00 0.01

Quality Assurance and Quality Control

Samples are selected on the property and driven directly to ALS Minerals Laboratory and Activation Laboratories Ltd. "Actlabs" respectively in La Serena and Coquimbo IV Region Chile for preparation. Sample pulps of 80 mesh are assayed for gold Fire Assay, silver and multi-element ICP analysis.

The above information has been prepared under the supervision of geologist Terry Walker Qualified Professional with Registration # 20116 (Association of Professional Engineers and Geoscientists of British Columbia) who has reviewed the data and information and has approved the contents of this release.

About QRS Capital Corp.

QRS is a mineral exploration company actively seeking exploration stage copper, gold, and silver targets, focused on Latin America, particularly in Chile, Mexico, Colombia, and Brazil.


John Seaman, Chairman & CEO

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