Lateral Capital Corp.: Corporate Update

Lateral Capital Corp. ("Lateral" or the "Company") (TSX VENTURE:LCP) - Mr.
Corbin Blume, President and Chief Executive Officer of Lateral, announces it has
accepted the resignation of Steve Nikiforuk as interim Chief Financial Officer.


The company will make an announcement shortly about the appointment of a chief
financial officer.


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
[phone]
[phone] (FAX)


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