Brasil Mineração Ltda. (“Atlantica”), to acquire an exploration license adjacent to Lara’s Planalto Copper- Gold Project in the Carajás Mineral Province in northern Brazil. The 345 -hectare license lies along strike from and has the potential to add to Lara’s Silica Cap resource.
October 14, 2025 (TSX Venture: LRA) - Lara Exploration Ltd. (“Lara” or the “Company”) is pleased to report
that its wholly owned Brazilian subsidiary has signed a purchase and sale agreement with Atlantica do
Brasil Mineração Ltda. (“Atlantica”), to acquire an exploration license adjacent to Lara’s Planalto Copper-
Gold Project in the Carajás Mineral Province in northern Brazil. The 345 -hectare license lies along strike
from and has the potential to add to Lara’s Silica Cap resource.
Lara has agreed to drill a minimum of 2,000 metres and to prepare a NI-43-101-compliant Technical
Report (“TR”) by the end of 2027. Under the terms agreed with Atlantica, Lara will make the following
staged payments, based predominantly upon exploration success:
1. CAD$375,000 in Lara shares to Atlantica on acceptance of the agreement by the TSX Venture
Exchange. The number of shares will be based on the 20 -day volume weighted average price of
Lara’s shares preceding the issuance date.
2. By December 2027, Lara will pay a Success Fee equivalent to US$0.06/lb of copper contained in
Measured and Indicated Resources in the TR.
3. By December 2028, Lara will pay an additional Success Fee on the same terms on any additional
Measured and Indicated Resources included in an updated TR.
4. On any additional Measured and Indicated Resources estimated in any subsequent TR after the
end of 2028, the Success Fee will be calculated at a rate of US$0.08/lb of copper.
The Success Fee can be paid in installments annually, in either cash or Lara shares at Lara’s discretion ,
with a maximum of US$1.25 million due in any one year. There is a minimum payment of US$500,000
regardless of the resource size discovered due at the end of 2027. Atlantica and an underlying vendor will
each be entitled to a 1% net smelter return royalty on any production derived from the license.
About Lara Exploration
Lara is an exploration company , advancing its 100%-owned Planalto Copper-Gold Project in the Carajás
Mineral Province of northern Brazil, with an open pitable mineral resource detailed in a 43-101 Technical
Report filed on October 17, 2024. Lara follows the Prospect and Royalty Generator business model, which
aims to minimize shareholder dilution and financial risk by generating prospects and exploring them in
joint ventures funded by partners, retaining a minority interest and or a royalty. The Company currently
holds a diverse portfolio of prospects, deposits and royalties in Brazil , Peru and Chile. Lara’s common
shares trade on the TSX Venture Exchange under the symbol "LRA".
For further information on Lara Exploration Ltd. please consult our website www.laraexploration.com, or
contact Chris MacIntyre, VP Corporate Development, at +1 416 703 0010.
Lara Signs Agreement to Acquire License Adjacent to its Planalto Project
TSX-Venture: LRA
Suite 501-543 Granville Street
Vancouver BC, Canada
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www.laraexploration.com
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News Release
Neither the 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. No stock exchange,
securities commission or other regulatory authority has approved or disapproved the information contained herein.
Cautionary Statement on Forward-Looking Information
This news release contains “forward -looking information” within the meaning of applicable Canadian securities
legislation based on expectations, estimates and projections as at the date of this news release. Any statement that
involves predictions, expecta tions, interpretations, beliefs, plans, projections, objectives, assumptions, future events
or performance are not statements of historical fact and constitute forward -looking information. This news release
may contain forward -looking information pertainin g to the Planalto Copper -Gold Project, including, among other
things, the ability to identify additional resources and reserves (if any) and exploit such resources and reserves on an
economic basis; the preparation of a Preliminary Economic Assessment; the conduct of additional drilling; and
upgrading of current mineral resource estimates.
Forward-looking information is not a guarantee of future performance and is based upon a number of estimates and
assumptions of management, in light of management’s experience and perception of trends, current conditions and
expected developments, as well as other factors that management believes to be relevant and reasonable in the
circumstances, including, without limitation, assumptions about: favourable equity and debt capital markets; the
ability and timing of funding to advance the development of the Planalto Project and pursue planned exploration and
development; future spot prices of copper, gold and other minerals; the timing and results of exploration and drilling
programs; the accuracy of mineral resource estimates; production costs; political and regulatory stability; the receipt
of governmental and third party approvals; licenses and permits being received on favourable terms; sustained labour
stability; stability in financial and capital markets; availability of mining equipment and positive rel ations with local
communities and groups. There is no assurance that all or any of the Warrants will be exercised. Forward-looking
information involves risks, uncertainties and other factors that could cause actual events, results, performance,
prospects and opportunities to differ materially from those expressed or implied by such forward-looking information.
Factors that could cause actual results to differ materially from such forward -looking information are set out in the
Company’s public disclosure record on SEDAR+ (www.sedarplus.ca) under the Company’s issuer profile. Although
the Company believes that the assumptions and factors used in preparing the forward -looking information in this
news release are reasonable, undue reliance should not be placed o n such information, which only applies as of the
date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or
at all. The Company disclaims any intention or obligation to update or revise any forward - looking information,
whether as a result of new information, future events or otherwise, other than as required by law.