Lara Exploration to Raise up to an Aggregate of C$33,750,000 Pursuant to a C$20,250,000 Brokered Private Placement and a Concurrent C$13,500,000 Non-Brokered Private Placement

Vancouver, British Columbia--(Newsfile Corp. - March 10, 2026) - Lara Exploration Ltd. (TSXV: LRA) (OTC Pink: LRAXF), ("Lara" or the "Company") announces that it has entered into an agreement with SCP Resource Finance LP (the "Lead Agent"), pursuant to which the Lead Agent has agreed to act as lead agent for and on behalf of a syndicate of agents (the "Agents") in connection with a "best efforts" brokered private placement of up to 6,750,000 common shares of the Company ("Common Shares") at a price of C$3.00 (equivalent to US$2.22 based on an exchange rate of $1.35 CAD per USD) per Common Share (the "Issue Price") for maximum gross proceeds to the Company of up to approximately C$20,250,000 (equivalent to US$15,000,000 based on an exchange rate of $1.35 CAD per USD) (the "Brokered Private Placement").