Mr. Richard Goldman reports

PARKSIDE ANNOUNCES FINANCING AND COMMENCES EXPLORATION ON TWO RECENTLY OPTIONED GOLD PROPERTIES

Parkside Resources Corp. has commenced prospecting, mapping and sampling programs on its two recently optioned properties near Savant Lake in Northwestern Ontario. Please refer to the company's news release dated Aug. 20, 2014, for further details of the Savant Lake and the Wiggle Creek purchase option agreement, which has been accepted by the TSX Venture Exchange. These properties are subject to a 2-per-cent net-smelter-return royalty retained by the optionors, and the company has the option to purchase 1 per cent of the NSR for the sum of $1-million. The properties are also subject to a 1.0-per-cent NSR to the Ontario Exploration Corp. for financing provided for exploration work on the properties.

Previous work by other companies on the Wiggle Creek gold property has returned significant high-grade gold assays in surface sampling and diamond drilling, including historical grab samples of 78 grams per tonne gold and 15.5 g/t Au over an interval of 0.4 metre (true width unknown). The current prospecting program will focus on locating historic diamond drill holes and associated trenches, as well as locating and sampling other outcrops and trenches in the area. An additional focus will be on identifying and mapping the thickness and mineralization of iron formation packages on the Wiggle Creek property. With regard to the Savant Lake gold property, the company's focus will be on the Snowbird Lake vein, where it has been previously reported that assays of up to 24.88 g/t Au, including significant visible gold, have been located and traced along a strike length of 1,200 metres. Note, the consistency and continuity of these assays, as well the true thickess of the drill intercept, are not known. The proposed work program will provide a better range of assays which will be reported by the company once received.

The company also announces a non-brokered private placement comprising 15 million non-flow-through units at a price of two cents per unit and 12 million flow-through units at a price of 2.5 cents per FT unit for gross proceeds of up to $600,000. Each unit will consist of one common share and one share purchase warrant, entitling the holder to purchase one common share at five cents per share at any time until the close of business on the day which is 36 months from the date of issue of the warrant. Each FT unit will consist of one flow-through common share and one warrant. The company intends to use the gross proceeds from the sale of the units and FT units to finance a planned 1,000-metre winter 2015 drill program on the company's Forester Lake property and for general working capital purposes. Closing of the offering is anticipated to occur on or before Nov. 8, 2014, and is subject to receipt of applicable regulatory approvals, including the acceptance of the exchange. Finders' fees may be payable in connection with the offering in accordance with the policies of the exchange. The securities to be issued in connection with the offering will be subject to resale restrictions prescribed by applicable securities laws.

The company further announces that it has received exchange acceptance to settle financial obligations owed to certain of its directors, officers and arm's-length consultants in the aggregate amount of $139,036 by issuing an aggregate of 2,780,730 common shares to such persons at a deemed value of five cents per share. The settlements primarily represent payments for consulting fees, but will also settle various other liabilities, including legal fees.

The geological information reported has been reviewed and approved by Steve Siemieniuk, PGeo, of Clark Exploration Consulting, consulting geologist for Parkside Resources, who is a qualified person under the definitions established by National Instrument 43-101.

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