LCP

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A
VIOLATION OF U.S. SECURITIES LAWS.


Lateral Capital Corp. (the "Corporation") (TSX VENTURE:LCP) is pleased to
announce that it successfully closed its previously announced brokered private
placement offering (the "Private Placement") of a total of 21,917,269 common
shares ("Common Shares"), including the issuance of 488,697 Common Shares
pursuant to the exercise of an over-allotment option, at a price of $0.14 per
Common Share for total gross proceeds of $3,068,417. The net proceeds from the
Private Placement will be used for working capital purposes. 


The Private Placement was co-led by Stonecap Securities Inc. and Wolverton
Securities Ltd. (the "Co-Lead Agents"). The Co-Lead Agents received a cash
commission of 10% of the gross proceeds of the Private Placement and broker
warrants (the "Broker Warrants") equal to 10% of the number of Common Shares
issued pursuant to the Private Placement. A total of 2,191,727 Broker Warrants
were issued to the Co-Lead Agents, which entitle the Co-Lead Agents to acquire
common shares of the Corporation at a price of $0.14 for a period of 24 months
from the closing date. 


The Common Shares are subject to a statutory hold period ending on March 23, 2013.

FOR FURTHER INFORMATION PLEASE CONTACT: 
Lateral Capital Corp.
Corbin Blume
President and Chief Executive Officer
(403) 975-4009

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