Mr. Andrew Howard reports

DIAMOND ESTATES WINES & SPIRITS INC. ISSUES Q1 DSUS

Diamond Estates Wines & Spirits Inc. has issued deferred share units (DSUs) to its directors as of June 30, 2026. Pursuant to the company's deferred share unit plan, an aggregate of 226,785 DSUs at a deemed price per DSU of 14 cents have been issued by the company to non-executive directors, with the exception of directors Vince Timpano and Guy Blanchette (who have renounced their compensation as nominees of Lassonde Industries Inc.), in settlement of $31,750 of deferred director compensation. The DSUs are to be settled in common shares of the company when the director retires from all positions with the company.

About Diamond Estates Wines and Spirits Inc.

Diamond Estates is a producer of high-quality wines and ciders as well as a sales agent for over 120 beverage alcohol brands across Canada. The company operates four facilities (three in Ontario and one in British Columbia) that produce predominantly VQA wines under well-known brand names such as 20 Bees, Creekside, D'Ont Poke the Bear, EastDell, Lakeview Cellars, Mindful, Shiny Apple Cider, Fresh Wines, Red Tractor, Seasons, Serenity and Backyard Vineyards.

Through its commercial division, Trajectory Beverage Partners, the company serves as the sales agent for a wide range of leading international beverage brands.