[5] As a yearling Lake Coniston was consigned from the Tullamaine Castle Stud to the Tattersalls sales in October and was bought for 22,000 guineas by the bloodstock agent John Warren.
[9] He made his debut in the Wood Ditton Stakes for previously unraced horses at Newmarket Racecourse in April 1994 when he finished fifth of the nineteen runners behind the John Gosden-trained Airport.
Eleven days after his poor run at Haydock, recorded his first victory in a minor race over six furlongs at Great Yarmouth Racecourse: ridden by Pat Eddery, he led from the start, went clear of his four opponents in the last quarter mile and won by two and half lengths.
[10] On 16 June Lake Coniston was moved up sharply in class for the Cork and Orrery Stakes at Royal Ascot in which he started a 20/1 outsider and finished unplaced behind Owington.
He was dropped back to five furlongs for the Listed Sprint Stakes at Sandown Park Racecourse on 2 July and led for most of the way before being caught in the final strides and beaten a short head by the four-year-old Up and At 'Em.
Two weeks later, the colt made his seventh appearance of the year in the Hackwood Stakes at Newbury Racecourse and started third favourite behind the Gosden-trained pair Nimphidia and Storm Canyon.
[11] Eleven days after his win at Newbury, the colt was dropped back in distance for the King George Stakes over five furlongs at Goodwood Racecourse and finished fourth, two and a quarter lengths behind the six-year-old mare Lochsong.
[12] On his return to England, Lake Coniston, ridden by Pat Eddery, started favourite ahead of First Trump in the Diadem Stakes over six furlongs at Ascot on 24 September when the other runners included Bin Ajwaad (third in the 2000 Guineas) and Hard To Figure (Ayr Gold Cup).
[14] At Royal Ascot Lake Coniston started odds-on favourite for the Cork and Orrery Stakes in which the field split into two groups on either side of the straight.
After disputing the lead for most of the way he was unable to quicken in the final furlong and finished fourth of the six runners behind Cherokee Rose, Branston Abby and Owington.
For his final appearance, Lake Coniston was sent to the United States to contest the Breeders' Cup Sprint on dirt at Belmont Park on 28 October.