Mr. Benjamin Yu reports

RUSSELL BREWERIES INC. ANNOUNCES REVISED RETURN OF CAPITAL PAYMENT DATE

Further to the press release on March 21, 2017, Russell Breweries Inc. has revised the payment date for Russell's cash distribution by way of a return of capital from April 14, 2017, to April 13, 2017.

The return of capital will be in the amount of five cents per Russell common share, subject to any withholding tax, if any, to be paid to all registered shareholders of record as at the close of business on April 4, 2017.

The return of capital will be made in accordance with the due-bill trading procedures of the TSX Venture Exchange. The purpose is to have traded shares carry the value of the return of capital until it is paid. A due bill will notionally represent the return of capital of five cents per Russell share that a holder of a Russell share is entitled to receive. A due bill will attach to each Russell share traded from the second trading day before the record date for the return of capital until the payment date, being the date the return of capital is paid. Based on the revised payment date, the due-bill period for the return of capital will be March 31, 2017, to April 13, 2017. Anyone acquiring the Russell shares up to and including April 13, 2017, will be entitled to receive the return of capital. The Russell shares will commence trading on an ex distribution basis (without an attached due-bill entitlement), effective from the opening of trading on April 17, 2017, the next trading day following the payment date. The due-bill redemption date will be April 19, 2017 (the second trading day after the ex distribution date, when all trades with due bills attached have settled).

Shareholders do not need to take any action. Computershare Investor Services Inc., the company's transfer agent, will send to registered shareholders funds representing the return of capital, and beneficial shareholders will have their brokerage accounts automatically updated to reflect the return of capital.

Eligible shareholders are strongly cautioned to consult with their financial, broker, legal, tax and/or investment advisers regarding any matters pertaining to the return of capital and the tax consequences associated therewith.

About Russell Breweries Inc.

Russell Breweries was a leading Western Canadian brewer that brewed, marketed, sold and distributed a diverse portfolio of award-winning beers, which has now sold substantially all of its assets and does not have any current operations.

We seek Safe Harbor.