Mr. Michael Bennell reports

MINSUR TERMINATES ITS OPTION TO ACQUIRE THE LARA COPPER PROJECT IN PERU

Lara Exploration Ltd. has been notified by Minsur SA of its intention to relinquish its option to acquire the company's 45-per-cent-owned Lara copper project in southern Peru.

The Lara copper project comprises mineral rights covering a partly defined copper-molybdenum porphyry deposit, located in the Laramate province of the Ayacucho department, approximately 40 kilometres inland from the town of Palpa on the Panamerican Highway. To date, 9,850 metres of diamond and reverse circulation drilling have been completed, outlining a mineralized footprint of 2,000 metres east to west and between 500 metres and 800 metres north to south.

Lara diamond drilling highlights include:

• LA-10-32, which intercepted 108 metres at 0.81 per cent Cu and 0.015 per cent Mo;
• LA-10-35 intercepted 218 metres at 0.57 per cent Cu and 0.042 per cent Mo.

Drilling results from the Lara project were previously disclosed by Lara in news releases dated Jan. 21, 2008, Jan. 31, 2011, and Feb. 28, 2012, which can be found in the news and projects sections of the company website and filed on SEDAR+.

Michael Bennell, Lara's vice-president, exploration, and a fellow of the Australasian Institute of Mining and Metallurgy (AusIMM), is a qualified person as defined by National Instrument 43-101 (Standards of Disclosure for Mineral Projects), and has approved the technical disclosure and verified the technical information in this news release.

About Lara Exploration Ltd.

Lara is an exploration company, advancing its 100-per-cent-owned Planalto copper-gold project in the Carajas mineral province of northern Brazil, with an open pittable mineral resource detailed in a National Instrument 43-101 technical report filed on Oct. 17, 2024. Scoping studies completed in 2025 are detailed in an NI 43-101 preliminary economic assessment, results of which were published on Oct. 21, 2025. 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 financed 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.