Lateral Capital Announces the Appointment of Donald A. Wright to Its Board of Directors

Lateral Capital Corp. ("Lateral" or the "Company") (TSX VENTURE:LCP) - Mr.
Corbin Blume, President and Chief Executive Officer of Lateral, is pleased to
announce the appointment of Donald A. Wright to the board of directors effective
February 21, 2013, subject to customary TSX Venture Exchange acceptance.


Mr. Wright is the President and Chief Executive Officer of The Winnington
Capital Group Inc. Mr. Wright's career has spanned over 40 years in the
investment industry and is an active investor in both the private and public
equity markets. Mr. Wright has held a number of leadership and senior positions
with domestic and global firms working both in Canada and internationally,
including President of Merrill Lynch Canada, Executive Vice President, director
and member of the executive committee of Burns Fry Ltd., Chair and Chief
Executive Officer of TD Securities Inc., and Deputy Chair of TD Bank Financial
Group. He was the past Chairman of the Board of VIA Rail Canada and Mr. Wright
serves as Chair of the board of directors of Cinaport Capital Inc., Equity
Financial Holdings Inc., GMP Capital Inc., Tuscany International Drilling Inc.,
Richards Packaging Inc., and Chair of the board of trustees of Richards
Packaging Income Fund. In addition, Mr. Wright serves as a director of numerous
other companies. He actively supports numerous charitable organizations and is a
past member of the board of trustees of The Hospital for Sick Children. 


Corbin Blume, Lateral's CEO, said of the appointment: "Don's appointment is a
fantastic addition to our organisation with his wealth of expertise. Not only
has Don established himself as a proven leader in capital markets, but his
unique mix of corporate and operational experience combined with his strategic
vision makes him ideally suited to join Lateral's board of directors."


Cautionary and Forward-Looking Statements

This news release contains forward-looking statements and forward-looking
information within the meaning of applicable securities laws. These statements
relate to future events or future performance. All statements other than
statements of historical fact may be forward-looking statements or information.
Forward-looking statements and information are often, but not always, identified
by the use of words such as "appear", "seek", "anticipate", "plan", "continue",
"estimate", "approximate", "expect", "may", "will", "project", "predict",
"potential", "targeting", "intend", "could", "might", "should", "believe",
"would" and similar expressions.


The forward-looking statements and information contained in this news release
are made as of the date hereof and no undertaking is given to update publicly or
revise any forward-looking statements or information, whether as a result of new
information, future events or otherwise, unless so required by applicable
securities laws or the TSX Venture Exchange. The forward-looking statements or
information contained in this news release are expressly qualified by this
cautionary statement.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Lateral Capital Corp.
Corbin Blume
President & CEO
Main Phone [phone]
[phone] (FAX)


Lateral Capital Corp.
1000, 205 - Fifth Avenue SW
Calgary, Alberta T2P 2V7