Lakeview Hotel REIT announces grant of options

    




 NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S.  NEWS WIRE SERVICES 

 WINNIPEG, May 3, 2012 /CNW/ - Lakeview Hotel Real Estate Investment  Trust ("Lakeview REIT") announced today that pursuant to the provisions  of its stock option plan, it has granted an aggregate of 105,000  options to certain trustees, officers and employees of Lakeview REIT  (the "Options").  The Options have an exercise price of $0.25 per unit  and expire on May 3, 2017.  Stock option grants are subject to  necessary regulatory approvals. 

 Lakeview REIT maintains a fixed stock option plan reserving for issuance  up to 1,000,000 units of Lakeview REIT.  Following the grant of the  above options, there will be an aggregate of 993,750 options  outstanding under Lakeview's stock option plan. 

 Neither TSX Venture Exchange nor its Regulation Service Provider (as the  term is defined in the policies of the TSX Venture Exchange) accepts  responsibility for the adequacy or accuracy of this release. 

Lakeview Hotel Real Estate Investment Trust


CONTACT:  Keith Levit, President, or Avrum Senensky, Executive VicePresidentTel: [phone], Fax: [phone],Email [e-mail] 


    

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