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TORONTO,
Feb. 21, 2013 /CNW/ - Parkside
Resources Corporation (TSX-V: PKS) ("Parkside Resources" or the
"Company"), a gold exploration company active near Pickle Lake in northwest Ontario, is pleased to provide the following
corporate update for its shareholders.
Parkside Resources is pleased to announce that
the Company, the Mishkeegogamang First Nation, and the hunters and
families of the Forester Lake property have agreed to cooperate in
the spirit of goodwill and respect regarding the Company's Winter
2013 drill program. Parkside Resources is committed to building and
maintaining a strong and positive working relationship with the
First Nations communities as it plans current and future
exploration work on the Forester Lake property.
Parkside Resources has engaged Vital Drilling
Services to commence a 1,200 metre Winter 2013 drill program on its
Forester Lake project. Nine drill targets have been identified
after the compilation of data from 78 historic drill holes, ground
magnetic survey data completed by the Company, and by reviewing the
wealth of geological and structural knowledge learned from
Goldcorp's Musselwhite Mine, 35km northwest of the property. The
drill program will commence by the end of February 2013 and is planned to be a month in
duration. Assay results are expected to be released in May 2013. Details of the historic drilling
results and the upcoming Winter 2013 drill program can be reviewed
in the NI43-101 Technical Report for the Forester Lake Property and
the Parkside Resources Corporate Presentation, respectively, that
are available on the Company's website at
www.parksideresources.com.
Parkside Resources has commenced with the
marketing of a $500,000 non-brokered
private placement, comprised of issuing 4,000,000 Non-Flow-Through
Units at $0.10 and 833,333
Flow-Through Units at $0.12. Both the
Non-Flow-Through and Flow-Through Units come with a full Warrant
with an exercise price of $0.20 for a
24 month period from the closing date of the private placement
financing, which is projected to be on, or before, March 29, 2013.
Finally, Parkside Resources is pleased to
announce James M. Macintosh has been
appointed to its Board of Directors and to chair the Audit
Committee. Mr. Macintosh is currently President and CEO of
Continental Mining and Smelting Limited, an emerging North American
gold and silver producer. Mr. Macintosh has over 26 years of
experience in the mining industry and as a mining analyst.
For the past 20 years he has held various executive and directorial
positions with numerous public and private companies in
Canada and the United States. Mr. Macintosh sits on the
Board of Directors and chairs the Audit Committees of Carlisle Goldfields Limited (TSX:CGJ) and GTA
Resources and Mining Inc. (TSXV:GTA). Mr. Macintosh is also a
Director of Continental Mining and Smelting Limited, Atlas Precious
Metals Inc. and CircuitMeter Inc. Mr. Macintosh graduated
from Queen's University with a B.Sc. (Honours, Geological Sciences)
and now sits on the Queen's University Geology Council.
About Parkside Resources Corporation
Parkside Resources Corporation is a Canadian
based mineral exploration company dedicated to building shareholder
value through focused exploration, discovery and development of
high quality precious and base metal projects. The Company
has entered into an Option and Joint Venture Agreement with Benton
Resources Corporation to explore the Forester Lake Gold Property
which is located approximately 100km north of Pickle Lake, Ontario and roughly 35km
southeast of Goldcorp's Musselwhite Gold
Mine. Incorporated in 2005 Parkside Resources Corporation is
a reporting issuer in the provinces of British Columbia and Alberta, the common shares of which are listed
for trading on the TSX Venture Exchange under the symbol TSX-V:
PKS.
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.
Forward Looking and other Cautionary
Information
This release includes certain statements that
may be deemed "forward‐looking statements". All statements in this
release, other than statements of historical facts that address
exploration drilling, exploitation activities and other related
events or developments are forward‐looking statements. Although the
Company believes the expectations expressed in such forward‐looking
statements are based on reasonable assumptions, such statements are
not guarantees of future performance and actual results or
developments may differ materially from those in the forward
looking statements. Factors that could cause actual results to
differ materially from those in forward‐looking statements include
market prices, exploration and exploitation successes, continuity
of mineralization, uncertainties related to the ability to obtain
necessary permits, licenses and title and delays due to third party
opposition, changes in government policies regarding mining and
natural resource exploration and exploitation, continued
availability of capital and financing, and general economic, market
or business conditions. Investors are cautioned that any such
statements are not guarantees of future performance and actual
results or developments may differ materially from those projected
in the forward‐looking statements.
SOURCE Parkside Resources Corporation