Lake Forest Development Corp. Acquires Shares of Kensington Court Ventures Inc. pursuant to a Share Purchase Agreement

PRESS RELEASE – FOR IMMEDIATE RELEASE

Lake Forest Development Corp. Acquires Shares of Kensington Court Ventures Inc. pursuant to a Share Purchase Agreement

Vancouver, British Columbia – April 23, 2013: Lake Forest Development Corp. (“Lake Forest”) announces that effective April 23, 2013, it has acquired an aggregate of 14,800,000 common shares (the “Transaction Shares”) in the capital of Kensington Court Ventures Inc. (“KCT”) owned by Eagle Mountain Gold Corp. (“EMGC”) pursuant to the terms of a share purchase agreement (the “SPA”) among Lake Forest, KCT, and EMGC (the “Transaction”). The Transaction Shares represent 52.7% of KCT's existing issued and outstanding share capital.

Lake Forest is now the majority shareholder and control person of KCT. Details of the acquisition are contained in a joint news release issued by KCT and EMGC on April 16, 2013.

KCT owns the Tucuma mineral property located in Para State, Brazil.

The Transaction Shares are made up of 4,075,000 free trading common shares and 10,725,000 common shares subject to escrow restrictions, which shares were transferred within escrow. The Transaction Shares are the only securities of KCT owned by Lake Forest. Lake Forest is wholly owned by KCT's chief executive officer, C. Geoffrey Hampson, who personally holds 1,135,000 common shares (4.05%) of KCT.

Pursuant to the Transaction, Lake Forest and C. Geoffrey Hampson now, together, own 15,935,000 common shares (56.8%) of KCT.

Lake Forest acquired the Transaction Shares for investment purposes.

For further information, including a copy of the corresponding report filed with Canadian securities regulators, contact:

C. Geoffrey Hampson Chief Executive Officer Lake Forest Development Corp.

1691 Palm Ave Winter Park, FL USA 32789 Telephone: (312) 420-0690 E‐mail: [email protected]