Mr. Chris MacIntyre reports

LARA ANNOUNCES THAT DRILLING RESUMES TO TEST POTENTIAL 3KM EXTENSION OF THE PLANALTO DEPOSITS

Lara Exploration Ltd. has received new drilling permits from the Canaa dos Carajas municipal environmental agency for its Planalto project. Drilling has resumed on the Silica Cap copper mineralized trend.

Initial drill holes will test the strike extension immediately south from the proposed Silica Cap open pit defined in the 2025 Planalto PEA (preliminary economic assessment) study and then will proceed to test the three-kilometre target trend into the recently acquired adjacent Atlantica mineral licence, once drill permits are issued for this mineral licence.

The aim of this program is to test the entire three km trend of the mapped strike extension of this Silica Cap mineralized zone, which follows the contact between the volcanics (to the east) and the Planalto granite intrusive (to the west). Drilling will also test other priority soil copper anomaly targets recently located within the volcanic sequence to the east of the Silica Cap trend, that extend for up to 1,000 metres from the granite contact (see Lara news release of Jan. 19, 2026).

The Silica Cap resource is a single, moderately east-dipping, copper mineralized zone, located within the mafic-intermediate volcanic sequence within 15 m to 25 m from the metasomatized granite contact. The copper grade is higher than the average defined in the main Planalto open pit described in the 2025 Planalto PEA study. Previous drill hole intersections on the Silica Cap trend include the following holes (see Lara news release of July 23, 2019, Nov. 15, 2020, and April 20, 2023):

• PLAN 19-018: 15.8 m at 0.94 per cent Cu (down hole from 32.17 to 48 m);
• PLAN 19-025: 13.1 m at 0.65 per cent Cu (down hole from 72 to 85.1 m);
• PLAN 23-017: 15.36 m at 1.01 per cent Cu (down hole from 141 to 156.36 m).

One drill rig is currently operating on site, and more will be mobilized as required to complete the planned 3,000 m program by the end of April, 2026.

Michael Bennell, Lara's vice-president of exploration, and a fellow of the Australasian Institute of Mining and Metallurgy (FAusIMM), 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, focused on advancing its 100-per-cent-owned Planalto copper-gold project in the Carajas mining district in northern Brazil. Based on the recent Planalto PEA report, it is anticipated that Planalto will be developed as a conventional open pit mine with a low strip-ratio, processing eight Mtpa (million tonnes per annum) via a conventional crushing and grinding circuit followed by froth flotation. A single saleable chalcopyrite concentrate with a minor gold credit is to be transported internationally to third party smelters. During the first six years, the PEA production schedule produces on average 36,000 tonnes (79 million lb) of copper and 7,200 oz of gold per year, and over an 18-year mine life, Planalto will produce 560,000 t (1.2 billion lb) of copper and 111,000 oz of gold. The project is located on private farmland, four kilometres from the state highway with high tension powerlines alongside and close to two major Carajas mining towns within excellent infrastructure.

The company currently also 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.