Lakeview Hotel Investment Corp. announces Purchase of Shares by LHL Holdings Ltd.

/NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S NEWS WIRE SERVICES/

WINNIPEG, June 20, 2013 /CNW/ - Lakeview Hotel Investment Corp. ("LHIC") announced today that LHL Holdings Ltd. ("LHL") of 600-185 Carlton Street, Winnipeg, Manitoba, R3C 3J1 has, through a series of transactions between August 15, 2012 and June 20, 2013 acquired an aggregate of 521,000 Common Shares of LHIC through the facilities of the TSX Venture Exchange.  The weighted average purchase price of the Shares is $0.338 per Share.  As a result, LHL owns or controls, along with those parties acting jointly or in concert with it, including Lakeview Management Inc., 11,384,685 Shares representing 58.21% of the outstanding Shares.

A copy of the early warning report will be available on SEDAR at www.sedar.com.

LHIC is a real estate investment company, which is listed on the TSX Venture Exchange under the symbol "LHR".  LHIC receives income from ownership, management and licensing of hotel properties.

Neither 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.

SOURCE: Lakeview Hotel Investment Corp

Keith Levit, President, or Avrum Senensky, Executive Vice President

Tel: [phone], Fax: [phone], Email [email protected]