Mitsubishi LANCER Owner's Manual page 173

Features and controls
To apply
3
1- Pull the lever up without pushing the button at the end of
hand grip.
When the parking brake is set and the ignition switch is in
the "ON" position, the brake warning light in the instrument
cluster will come on.
Before driving, be sure to release the parking brake.
3-78
To release
1- Pull the lever up slightly.
2- Push and hold the button at the end of the hand grip.
3- Push the lever downward.
When parking on a hill, apply the parking brake and turn the
front wheels toward the curb on a downhill grade, away from
the curb on an uphill grade.