Added Capital announces John W. Welton appointed to Board of Directors

    WELLAND, ON, June 23 /CNW/ - Added Capital Corp. ("Added") (TSX-V: LS) is
pleased to announce that John W. Welton has been appointed to the Board of
Directors, bringing the total number of Added Directors to five. Mr. Welton
also joins Added's Audit and Compensation committees.
    Mr. Welton has over 50 years of experience in business in Canada and the
United States, as a residential and commercial developer with interests in
several other areas including a junior oil and gas producer in Calgary,
Alberta. Mr. Welton was also a principal of a limestone quarry operation in
Newfoundland which delivered aggregate by self-unloading ships to the United
States along the eastern seaboard. Mr. Welton is also involved with a Canadian
company, expanding into the United States, producing environmentally-friendly,
biodegradable kraft paper containers for yard and leaf waste as well as
recyclable kitchen waste bags. He is the former President and Director of a
4,500 member tennis, squash and fitness facility in Mississauga, Ontario.
    "We are delighted to welcome John to our Board. The depth of experience
that John brings to Added's board is an asset to the company," stated Vic
Alboini, Chairman and Chief Executive Officer of Added.

    About Added Capital Corp.

    Added is the parent company of Lakeside Steel Corporation ("Lakeside").
Lakeside, located in Welland, Ontario, is a diversified steel pipe and tubing
manufacturer. Lakeside's list of customers includes large oil and gas, mining,
automotive and commercial and industrial supply companies. In addition to
supplying its products in these industries, Lakeside manufactures pipe and
mechanical tubing for the resale market, which is sold to distributors in
Eastern Canada and the Northeastern United States. Lakeside manufactures a
variety of products for these industries including oil well tubing and casing,
mechanical tubing, pressure tubing, automotive tubing, hollows for redraw,
line pipe, heating and plumbing pipe, drill rod and specialty tubing. Lakeside
serves customers worldwide, either directly or indirectly, in Canada, China,
Australia and the United States.

For further information:

For further information: Kyler Wells, Corporate Secretary, Added Capital
Corp., (416) 644-8177, Fax: (416) 644-0271, e-mail:

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