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TORONTO,
March 7, 2013 /CNW/ - Parkside
Resources Corporation (TSX-V: PKS) (the "Company") is pleased
to announce that the first core samples from its 1,200 metre Winter
2013 drill program on its Forester Lake gold project have been
received. Nine drill targets were identified after the compilation
of data from over 8,200 metres of core from 78 previously drilled
holes, with historic grades as high as 16 grams per ton, ground
magnetic survey data, and reviewing the wealth of geological and
structural knowledge from Goldcorp's Musselwhite Mine, 35km
northwest of the Forester Lake property. The drill program is
expected to be completed this spring, with assay results to
follow.
Donald Goldman,
President and CEO of Parkside Resources Corporation, commented,
"This is an important day in the history of the Company and for its
shareholders. We have followed through on our commitment to take
the Company public, raise additional capital in a difficult
financial market, and commenced our inaugural drill program to
re-test two areas that produced historically high grade gold
intercepts. We look forward to the release of the assay
results."
In addition, Parkside Resources continues to
market its $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.
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 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