Lateral Capital Corp. Completes First Tranche of Previously Announced Private Placement

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), further to
its announcement on February 28, 2014, is pleased to announce that it has
completed the first tranche of its previously announced non-brokered private
placement of units ("Units") for total proceeds of $235,500. At closing Lateral
issued 1,308,333 Units (comprised of 1,308,333 common shares of the Company
("Common Shares") and 1,308,333 Common Share purchase warrants ("Warrants")) at
a price of $0.18 per Unit. Each Warrant is exercisable for one Common Share at a
price of $0.18 per share prior to April 16, 2019.


The Common Shares and Warrants issued pursuant to the private placement are
subject to a hold period that expires August 17, 2014. Following closing,
Lateral has 52,744,907 Common Shares issued and outstanding. 


The Company intends to use proceeds of the first tranche of the Unit private
placement for working capital purposes and will continue to seek to complete the
remainder of the private placement in the second quarter of 2014.


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 the use of proceeds of
the private placement 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 Corporation, including, without
limitation, the Company's ability to complete remainder of the private
placement. Although management of the Corporation 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 Corporation 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; 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; 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
Main Phone: [phone]
[phone] (FAX)