QUEBEC CITY, QUEBEC--(Marketwire - March 28, 2012) - Mario Jacob, President, CEO and Secretary of CJL Capital Inc. ("CJL") (TSX VENTURE:CJL.P), a capital pool company, is pleased to report that Alta Resources Inc. ("Alta") signed an Option Agreement with Lara Exploration Ltd ('Lara') granting Alta an option to earn up to a 75% interest in Lara's Atenea Gold Project in southern Peru, by making payments to Lara of US$1.5 million, expending US$6.75 million on exploration of the Project and delivering a Pre-Feasibility Study within seven years.

Alta can earn an initial 55% interest by paying Lara US$500,000 (all or part of which may, subject to Exchange approval, be paid in shares) and spending US$2.75 million on exploration over three years. Once it has earned the 55% interest, Alta can elect to earn an additional 20% interest by paying Lara US$1 million and spending a further US$4,000,000 on exploration over a three year period and completing a Pre-Feasibility Study by the fourth anniversary of such election.

The Atenea Gold Project comprises three mining concessions covering 3,000 hectares and located in southern Peru about 120 kilometres southeast Cuzco. The Project lies within the Andahuaylas-Yaury skarn-porphyry belt and between the Constancia and Tintaya copper mines. Atenea is hosted by Tertiary volcanics at higher elevations than the skarn-porphyry deposits in the belt and has the typical indications of a high-sulphidation epithermal gold-silver system and artisanal miners work several quartz-veins off to the northwest of the Project. Lara has completed mapping and rock chip sampling on the Project, which suggests that it is in the Steam Heated zone (high in the epithermal system) with alteration characterized by granular and brecciated silica, with low but anomalous gold, silver and pathfinder element values. For maps and an extended summary of exploration results, please refer to the Lara's website at [ www.laraexploration.com ]. M. André Gauthier, P. Eng., is a qualified person under National Instrument 43-101 Standards of Disclosure for Mineral Projects and has approved the technical data regarding the Atenea Gold Project

Alta and CJL will now file an amended filing statement with the regulatory authorities in order to complete their Qualifying Transaction. Alta and CJL are confident that this new transaction with

Lara Exploration Ltd adds great value to their transaction and will help the completion of the qualifying transaction with the regulatory authorities.

Completion of the Qualifying Transaction remains subject to a number of conditions, including without limitation, the consent of the TSX Venture Exchange ("Exchange") and the AMF, the approval of the boards of CJL and Alta and a private placement conducted by Alta, sufficient to meet the minimum listing requirements of the TSX Venture Exchange (TSX-V). There can be no assurance that the qualifying transaction will be completed as proposed or at all.

The Exchange has not commented on the merits of the proposed Qualifying Transaction and has neither approved nor disapproved the contents of this press release. A more detailed press release will be published later in order to provide additional details on the contemplated Qualifying Transaction. Therefore, the trading on the common shares of CJL will remain halted until the issuance of a press release announcing the resumption of trading.

Investors are cautioned that, except from the information disclosed in the filing statement prepared by the management for purposes of the Qualifying Transaction, any information released or received with respect to the Qualifying Transaction may not be accurate or complete, so investors should not rely on them. Trading in the securities of a capital pool company should be considered highly speculative.

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.

Prospectus CJL Capital inc. can be found on the SEDAR website at: [ http://www.sedar.com ]

Contributing Sources

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