QRS CAPITAL CORP. APPOINTS DIEGO BENALCAZAR TO BOARD

VANCOUVER, Feb. 7 /CNW/ - QRS CAPITAL CORP., (the "Company") (TSX Venture: QRS) announced today that Diego Benalcazar, the Company's President, has been appointed to the Corporation's Board of Directors (the "Board"), effective February 4, 2011. Mr. Benalcazar replaces Colin Bowkett who resigned from the Board, effective on the same date.

Mr. Benalcazar has been involved in mineral exploration, mining property evaluation and acquisitions throughout Latin America and the Caribbean. He has held managerial and consulting positions with several international mining companies, including Homestake International Minerals Ltd., Pancontinental Mining Ltd. and the U.S. subsidiary of Belgium-based Union Miniere. Mr. Benalcazar was also general manager for several subsidiaries of the Swiss Holderbank Cement Group. He has additionally served as director of ready-mixed concrete for HolcimCementos Caribe SA in Venezuela and CemetosBoyaca SA in Colombia, which included responsibilities in the Caricom trade market. In the past three years, Mr. Benalcazar served as country manager for several Ecometals Ltd. subsidiary companies in Ecuador. As a former president and member of the board of directors of the Ecuadorian Chamber of Mines, Mr. Benalcazar has actively represented the mining industry in discussions with government authorities. Mr. Benalcazar holds a BA in geology from North Carolina State University and has completed the program for management development at Harvard Business School.

ON BEHALF OF THE BOARD OF DIRECTORS

"John Seaman"
John Seaman
Chairman & CEO

About QRS Capital Corp.
QRS is a mineral exploration company that holds an 80% beneficial interest in the Judith Property which consists of six mining lots and concessions that cover a combined area of approximately 597.5 hectares located in the City of Aldama, Chihuahua State, Mexico and is entitled to 70% of any net profits from the Judith Property. QRS also holds an option to purchase the remaining 20% beneficial and legal interest in the Judith Property for a payment of US$1.5 million before December 1, 2013. In the event QRS elects to exercise the option, a 20% interest in the Judith Property will vest in Norma Mines S.A. de C.V., a Mexican corporation that transferred its interests in the Judith Property to QRS pursuant to the terms of an Assignment, Assumption and Amending Agreement dated July 6, 2009, as amended. QRS is actively seeking additional exploration stage copper and gold targets in South America, particularly in Colombia, Brazil, Chile and Equador.

Neither 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

SOURCE QRS Capital Corp.

For further information:

John Seaman, Chairman/CEO, QRS Capital Corp., (807) 474-9898

Profil de l'entreprise

QRS Capital Corp.

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