GEOSAM CAPITAL INC. ANNOUNCES INCREASED INVESTMENT IN LAKEVIEW HOTEL REAL
ESTATE INVESTMENT TRUST

TORONTO, Nov. 15 /CNW/ - Geosam Capital Inc. ("Geosam") announces that on November 15, 2010 it acquired 1,000,000 Lakeview Hotel Real Estate Investment Trust ("Lakeview") trust units at a cost of $0.255 per trust unit, representing approximately 5.25% of the outstanding trust units of Lakeview.

Immediately after the transaction, Geosam owns 1,943,000 trust units and Cdn$29,000 in aggregate principal amount of Lakeview Series D convertible redeemable subordinated debentures due May 31, 2013 representing approximately 10.24% of the outstanding trust units of Lakeview on a converted basis.

The purchase of the trust units by Geosam was made through the facilities of the TSX Venture Exchange for investment purposes. Geosam may, from time to time, acquire additional trust units or other securities of Lakeview, dispose of some or all of the existing or additional trust units or other securities of Lakeview, or continue to hold trust units or other securities of Lakeview in the normal course of Geosam's investment activities.

For further information:

Garen Mikirditsian
Vice President
Geosam Capital Inc.
t: [phone]
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