Lakeside Steel Inc said that it has an intention to purchase a maximum of 3.03 million common shares, representing approximately 5% of the issued and outstanding common shares of Lakeside, by way of a normal course issuer bid.

Lakeside currently has 60.56 million common shares issued and outstanding. Purchases may commence on October 27th 2009 and will terminate no later than October 26th 2010.

No director or senior officer of Lakeside currently intends to sell common shares of Lakeside during the period of this Notice.

(Sourced from www.heatingoil.com)