Lateral Capital Corp. Announces Engagement of Capital Markets Advisors

NOT FOR DISSEMINATION IN THE UNITED STATES. FAILURE TO COMPLY WITH THIS
RESTRICTION MAY CONSTITUTE A VIOLATION OF UNITED STATES SECURITIES LAW


Lateral Capital Corp. ("Lateral" or the "Company") (TSX VENTURE:LCP) announces
that the Company has engaged D&D Securities Inc. ("D&D") as exclusive agent and
D&D and Imperial Capital, LLC as financial advisors to the Company with respect
to a proposed commercially reasonable efforts offering of equity or debt
securities on a private placement basis in certain provinces of Canada and in
the United States. The Company is currently assessing opportunities to acquire
assets, and if the Company is able to reach agreement to acquire assets (details
of which will be provided if agreement is reached) it intends to offer
securities on a private placement basis to complete any such acquisition. Any
such private placement will be subject to acceptance of the TSX Venture
Exchange.


D&D is a full service investment dealer specializing in investment banking and
institutional sales and trading, and has been providing financial advisory
services to the Canadian capital markets since 1929. Since 2006, after the
Canadian partners bought management control from Dominick and Dominick (a family
business dating to 1870), D&D has successfully raised over $1 billion of
investment capital, while participating in over 100 financings. D&D is a member
of The Canadian Investor Protection Fund, the Investment Industry Regulatory
Organization of Canada and is a participating organization in all principal
Canadian marketplaces and exchanges.


About Lateral

Lateral's business strategy is to seek to provide shareholders with growth by
exploiting existing assets in a financially disciplined manner and by acquiring
additional (predominantly) light oil assets. As part of its corporate strategy
of acquiring additional assets, the Company is typically in the process of
evaluating several potential transactions at any time which individually or
together could be material. The Company cannot predict whether any current or
future opportunities will result in one or more transactions involving the
Company. The Company may complete financings of equity or debt or issue equity
or utilise debt facilities to finance all or a portion of any such potential
acquisitions.


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.


This press release does not constitute an offer of the securities of the Company
for sale in the United States. The securities of the Company have not been
registered under the United States Securities Act of 1933, (the "1933 Act") as
amended, and may not be offered or sold within the United States absent
registration or an exemption from registration under the 1933 Act. This press
release shall not constitute an offer to sell or the solicitation of an offer to
buy nor shall there be any sale of the securities in any state in which such
offer, solicitation or sale would be unlawful.


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.
More particularly and without limitation, this news release contains
forward-looking statements and information relating to opportunities to acquire
assets and raise capital as well as the Company's corporate strategy. The
forward-looking statements and information are based on certain key expectations
and assumptions made by management of the Company, including, without
limitation, the Company's ability to identify suitable asset acquisition
opportunities, reach agreement for the acquisition of assets and obtain
financing on acceptable terms or at all. Although management of the Company
believes that the expectations and assumptions on which such forward looking
statements and information are based are reasonable, undue reliance should not
be placed on the forward-looking statements and information since no assurance
can be given that they will prove to be correct.


Forward-looking statements and information are provided for the purpose of
providing information about the current expectations and plans of management of
the Company relating to the future. Readers are cautioned that reliance on such
statements and information may not be appropriate for other purposes, such as
making investment decisions. Since forward-looking statements and information
address future events and conditions, by their very nature they involve inherent
risks and uncertainties. Actual results could differ materially from those
currently anticipated due to a number of factors and risks. These include, but
are not limited to, the Company's ability to identify and complete additional
suitable acquisitions to further the Company's growth as well as risks
associated with the oil and gas industry in general such as operational risks in
development, exploration and production delays or changes in plans with respect
to exploration or development projects or capital expenditures; the uncertainty
of reserve estimates; the uncertainty of estimates and projections relating to
reserves, production, costs and expenses; health, safety and environmental
risks; commodity price and exchange rate fluctuations; marketing and
transportation; loss of markets; environmental risks; competition (including for
capital, assets and skilled personnel); incorrect assessment of the value of
acquisitions and failure to realize the anticipated benefits of acquisitions;
ability to access sufficient capital from internal and external sources on
acceptable terms or at all; failure to obtain required regulatory and other
approvals and changes in legislation, including but not limited to tax laws,
royalties and environmental regulations. Accordingly, readers should not place
undue reliance on the forward-looking statements, timelines and information
contained in this news release. Readers are cautioned that the foregoing list of
factors is not exhaustive.


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
[phone]
[phone] (FAX)