December 02, 2008

Mr Clutterbuck appointed as president and CEO of Lakeside Steel

Lakeside Steel Corporation announced the appointed of Mr Tim Clutterbuck as President and Chief Executive Officer of the Company effective October 1st 2007.

Mr Clutterbuck is a steel executive with 27 years of industry experience. He was a senior executive with Ryerson Canada. He has also served in various roles, including vice president and General Manager at Atlas Specialty Steels.

Mr Vic Alboini chairman of Lakeside said that “Tim Clutterbuck joins Lakeside with an excellent track record as a strong and motivated leader with very good communication and analytical skills. We are very confident that Tim will be a substantial contributor to Lakeside moving to the next level.

Mr Sam Di Michele who was hired as president & CRO will remain with the Company as a restructuring advisor until completion of his one year contract on March 4th 2008 together with his business partner Olga Budimirovic, who will also become a restructuring advisor.