Lakeside Minerals Inc. Announces a Financing and Debt Settlement

Lakeside Minerals Inc. (TSX VENTURE:LAK) ("Company" or "Lakeside") is pleased to
announce a financing and shares for debt agreement.


Subscription Agreement with Canada Pacific Capital Corp.

Lakeside announces that that it has entered into a subscription agreement, dated
March 12th, 2014, with Canada Pacific Capital Corp. ("CPCC"), a capital pool
company listed on the TSX Venture Exchange (the "Exchange"), for a private
placement of 5,800,000 Lakeside units (the "Units"), at a price of $0.05 per
Unit (the "Private Placement"), for aggregate consideration of $290,000 in cash.
Each Unit consists of one common share in the capital of Lakeside ("Lakeside
Share") and one-half of one share purchase warrant (each "Lakeside Warrant")
exercisable for three years at a price of $0.10 per Lakeside Share.


Lakeside Units issued pursuant to the Private Placement will be issued after
completing 4 for 1 share consolidation ("Share Consolidation"), previously
announced by the Company in the press release dated March 3, 2014.


The Units in the Private Placement form part of CPCC's Qualifying Transaction
pursuant to the capital pool company policy of the Exchange and will be
distributed to the CPCC shareholders ("Distribution"). Thereafter, CPCC will be
delisted from the Exchange and dissolved ("Dissolution"). Any Units distributed
to the shareholders of CPCC who are currently holding common shares in the
capital of CPCC ("CPCC Shareholders") in escrow, will continue to be held in
escrow. It is anticipated that all the Units distributed to CPCC Shareholders
will be subject to a statutory four month hold period. These transactions are
subject to Exchange approval and approval by the CPCC shareholders.


Pursuant to the Private Placement, CPCC anticipates it will invest all of its
available cash reserves in the purchase of the Lakeside Units. Lakeside is
expected to pay the anticipated costs relating to the Private Placement, as well
as Distribution and Dissolution.


The Private Placement and CPCC's Qualifying Transaction are not a non-arm's
length transaction for the purposes of the Exchange. The parties have one (1)
common director and officer, being Adam Szweras, a director of CPCC and
corporate secretary of Lakeside. Adam Szweras currently holds or controls
638,000 common shares in the capital of CPCC ("CPCC Shares") of the current
10,550,000 total outstanding CPCC Shares and holds or controls 1,819,754
Lakeside Shares of the 40,798,282 total current outstanding pre-Share
Consolidation.


Debt Settlement

Further to the debt settlements announced by Lakeside in the press release dated
March 3 rd, 2014, Lakeside wishes to clarify that following the completion of
Share Consolidation Lakeside will also issue 108,651 Lakeside Warrants to arm's
length parties. No Lakeside Warrants will be issued to non-arm's length parties.


Lakeside announces that in addition debt settlements announced in the press
release dated March 3rd, 2014; Lakeside has entered into additional shares for
debt agreement in the amount of $77,883.82, with an arm's length party ("Debt
Settlement"). Following the Share Consolidation a total of 1,557,676 Lakeside
Shares and 778,838 Lakeside Warrants will be issued to Forages M. Rouillier
Drilling Inc ("Forages"), a Quebec-based underground and surface drilling
company. Prior to the Debt Settlement, on post-Share Consolidation basis Forages
owned 1,000,000 Lakeside Shares and 1,000,000 Lakeside Warrants exercisable at a
price of $0.20 per Lakeside Share. Immediately following the Share
Consolidation, the Debt Settlement and the Private Placement, Forages will
exercise ownership and control over a total of 2,557,676 Lakeside Shares
representing approximately 13.14% of Lakeside Shares outstanding, on an
undiluted basis, and approximately 17.11% assuming Forages exercises its
1,778,838 Lakeside Warrants.


The issuance of the Lakeside Shares to Forages will not result in a change of
control of the Company, will be subject to a four-month hold period from the
date of settlement, and will be subject to the approval of the TSX Venture
Exchange.


About Lakeside Minerals Inc.

Lakeside Minerals Inc. is engaged in acquiring, exploring, and developing
mineral properties. The Company's flagship Launay property is 102.5 km2 land
package located in the heart of the Abitibi, 48 km northeast of Rouyn-Noranda.
The Launay property straddles nearly 22 km of the Macamic deformation zone: a
major deformation zone in the Abitibi subprovince located north of the
Porcupine-Destor deformation zone. Claims cover a 17 km long trend of known gold
occurrences, several of which display significant historical and recent gold
drill intersections.


Completion of the transaction is subject to a number of conditions, including
but not limited to, Exchange acceptance and if applicable pursuant to Exchange
Requirements, majority of the minority shareholder approval. Where applicable,
the transaction cannot close until the required shareholder approval is
obtained. There can be no assurance that the transaction will be completed as
proposed or at all.


Investors are cautioned that, except as disclosed in the management information
circular or filing statement to be prepared in connection with the transaction,
any information released or received with respect to the transaction may not be
accurate or complete and should not be relied upon. Trading in the securities of
a capital pool company should be considered highly speculative.


The TSX Venture Exchange Inc. has in no way passed upon the merits of the
proposed transaction and has neither approved nor disapproved the contents of
this press release."


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