Lakeside Announces Closing of Qualifying Transactions With Unite Capital Corp. and Canada Pacific Capital Corp.

Lakeside Minerals Inc. ("Lakeside") (TSX VENTURE:LAK) is pleased to announce
that it has completed the previously announced transactions with Unite Capital
Corp. (TSX VENTURE:UNT.P) (see press release dated March 12, 2014) and Canada
Pacific Capital Corp. (TSX VENTURE:CPR.H) (see press release dated April 23,
2014). 


Canada Pacific Capital Transaction

Pursuant to the terms of the subscription agreement, dated March 12 2014 (the
"Subscription Agreement") between Lakeside and Canada Pacific Capital Corp.
("Canada Pacific"), Canada Pacific subscribed for 5,800,000 units of Lakeside
(the "Lakeside Units") at a price of $0.05 Lakeside Unit, for aggregate
consideration of approximately $290,000 in cash. Each Lakeside Unit shall
consists of one common share in the capital of Lakeside ("Lakeside Share") and
one-half of one common share purchase warrant (each, a "Warrant") exercisable
into Lakeside Shares at a price of $0.10 per Lakeside Share at any time prior
the third anniversary of issuance. Following the purchase of the Lakeside Units
by Canada Pacific, Canada Pacific distributed the Lakeside Units, on a pro-rata
basis, to its shareholders (the "Distribution") as a return of capital. An
aggregate of 1,411,896 of the Lakeside Shares and 700,950 of the Warrants are
subject to escrow pursuant to the policies of the Exchange and will be released
from escrow in six-month intervals over a period of three years from the closing
of the Canada Pacific transaction. The Lakeside Units distributed to Canada
Pacific's shareholders will be subject to a statutory four month hold period.
The Private Placement and subsequent Distribution and Dissolution constitute
Canada Pacific's Qualifying Transaction pursuant to Policy 2.4 of the TSX
Venture Exchange (the "Exchange"). 


Unite Capital Transaction

Unite Capital Corp. ("Unite"), a capital pool company, listed in the TSX Venture
Exchange, amalgamated (the "Amalgamation") with a wholly-owned subsidiary of
Lakeside. The Amalgamation constituted the Qualifying Transaction of Unite, as
such term is defined in the policies of the Exchange. Lakeside issued an
aggregate of 2,599,753 Lakeside Shares and 1,299,877 Warrants in exchange for
the outstanding common shares of Unite. An aggregate of 1,612,208 of the
Lakeside Shares and 806,104 of the Warrants are subject to escrow pursuant to
the policies of the Exchange and will be released from escrow in six-month
intervals over a period of three years from the closing of the Unite
transaction. All of the outstanding stock options of Unite were cancelled on
completion of the transaction. The Unite transaction was previously described in
a press release dated April 23, 2014 and an Information Circular of Unite in
respect of the shareholders' meeting of Unite held on June 16, 2014.


Registered holders of Unite shares are requested to submit a Letter of
Transmittal (which can be accessed online under Unite's profile at www.sedar.com
or at www.lakesideminerals.com) together with their share certificates in order
to receive certificates representing the Lakeside Shares and Lakeside Warrants
to which they are entitled as a result of the Amalgamation. 


Following the completion of the Canada Pacific transaction and the Unite
transaction, Lakeside now has 24,025,216 Lakeside Shares and 4,199,877 Warrants
outstanding. 


The Exchange has issued a bulletin advising that the Corporation has met the
requirements to be listed on the Exchange as a Tier 2 company. 


ON BEHALF OF THE BOARD 

LAKESIDE MINERALS INC. 

Yannis Banks, CEO and Director

FORWARD-LOOKING STATEMENTS: Certain of the information contained in this news
release may contain "forward-looking information". Forward-looking information
and statements may include, among others, statements regarding the future plans,
costs, objectives or performance of Lakeside Minerals Inc. (the "Company"), or
the assumptions underlying any of the foregoing. In this news release, words
such as "may", "would", "could", "will", "likely", "believe", "expect",
"anticipate", "intend", "plan", "estimate" and similar words and the negative
form thereof are used to identify forward-looking statements. Forward-looking
statements should not be read as guarantees of future performance or results,
and will not necessarily be accurate indications of whether, or the times at or
by which, such future performance will be achieved. Forward-looking statements
and information are based on information available at the time and/or
management's good-faith belief with respect to future events and are subject to
known or unknown risks, uncertainties, assumptions and other unpredictable
factors, many of which are beyond the Company's control. The Company does not
intend, nor does the Company undertake any obligation, to update or revise any
forward-looking information or statements contained in this news release to
reflect subsequent information, events or circumstances or otherwise, except if
required by applicable laws.


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. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Lakeside Minerals Inc.
Yannis Banks
President and CEO
[phone]
[e-mail]
www.lakesideminerals.com