Parkside Resources completes inaugural drill program and amends private placement terms

TORONTO, April 12, 2013 - Parkside Resources Corporation (TSXV: PKS) (the "Company") is pleased to announce that it has completed its inaugural drill program on its Forester Lake gold property. The 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 of gold per tonne; ground magnetic survey data; and, reviewing the wealth of geological and structural knowledge from Goldcorp's Musselwhite Mine, which is located 35 km northwest of the Company's Forester Lake Gold Property. Photos of the drill program can be found on the Company's website at www.parksideresources.com under the "Photo Gallery" tab within the "Projects' section. The Company is looking forward to the release of the assay results later this spring.

The Company also announces that is has amended the terms of its non-brokered private placement announced on February 15, 2013 to be comprised of 5,000,000 Non-Flow-Through Units ("Unit") at a price of $0.08 per Unit; and 2,000,000 Flow-Through Units ("FT Unit") at a price of $0.10 per FT Unit for gross proceeds of up to $600,000 (the "Offering"). Each Unit will consist of one common share and one share purchase warrant (a "Warrant"), entitling the holder to purchase one common share at $0.15 per share at any time until the close of business on the day which is 24 months from the date of issue of the Warrant. Each FT Unit will consist of one flow-through common share and one Warrant. Closing of the Offering is anticipated to occur on or before May 31, 2013 and is subject to receipt of applicable regulatory approvals including the approval of the TSX Venture Exchange. Finder's fees may be payable in connection with the Offering, in accordance with the policies of the Exchange.

This press release is not an offering of securities for sale in the United States. The common shares have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an exemption from the registration requirements of that Act.


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.

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For further information:

Richard Goldman, CFO
Tel: 416-862-1500: Fax: 416-862-1501
Email:rgoldman@parksideresources.com
Website: www.parksideresources.com