Quia Announces Close of San Lucas Gold Property and Grant of Stock Options

TORONTO, ONTARIO--(Marketwired - Jul 18, 2014) - Quia Resources Inc. ("Quia" or the "Company") (TSX VENTURE:QIA) announces that it has closed the previously announced sale of its subsidiary, San Lucas Gold Corp, which holds the San Lucas gold property in Colombia, as an expedited acquisition under policy 5.3, section 3.1. (see press release dated June 19, 2014). The transaction is an arm's-length transaction and no finder's fee is payable in connection with the agreement.


Stock Option Granted

The Company has granted 1,525,000 incentive stock options for the purchase of a total of 1,525,000 common shares of the Company at a price of $0.10 per share, vesting quarterly until fully invested and expiring on July 17, 2019 pursuant to the terms of the Company's stock option plan.


About Quia Resources Inc.

Quia Resources is a mineral exploration and development company that is focused on agrominerals, including the Murdock Mountain direct application phosphate project in Nevada. The Company is also actively evaluating additional business opportunities in the agricultural sector.


Forward-Looking Statements

This press release contains or refers to forward-looking information based on current expectations that involve a number of business risks and uncertainties. Factors that could cause actual results to differ materially from any forward-looking statement include, but are not limited to, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, political risks, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects and the other risks involved in the mineral exploration and development industry. Forward-looking statements are subject to significant risks and uncertainties, and other factors that could cause actual results to differ materially from expected results. Readers should not place undue reliance on forward-looking statements. These forward-looking statements are made as of the date hereof and the Company assumes no responsibility to update them or revise them to reflect new events or circumstances other than as required by law.

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.



Contact

Quia Resources Inc.
Yannis Banks, Chief Executive Officer
(416) 777-6169
ybanks@foundationmarkets.com