Mr. Eric Schnabel reports

JONES SODA CO. ANNOUNCES NON-BROKERED PRIVATE PLACEMENT OF UP TO US$765,000

Jones Soda Co. intends to complete a non-brokered private placement of up to 2,318,182 units of the company at a price of 33 U.S. cents per unit for aggregate gross proceeds of up to $765,000 (U.S.). This raise in conjunction with the recently closed offer to U.S. investors will bring the total funds raised to $2.5-million (U.S.).

Each unit will be composed of one common share in the authorized share structure of the company plus one-half of one share purchase warrant. Each whole warrant will entitle the holder thereof to purchase one share at an exercise price of 45 U.S. cents per warrant share for 36 months following the completion of the offering. If, at any time prior to the expiry time, the closing trading price of the underlying common shares on either the OTCQB Venture Marketplace or other stock exchange or over-the-counter market in the United States where the common shares are then trading exceeds 47 U.S. cents (provided that such price shall be adjusted in the same manner as the exercise price as provided for in the terms of the warrants) for a period of five consecutive trading days, the corporation may deliver a notice to the holders of outstanding warrants accelerating the expiry time of the warrants to the date that is 30 calendar days following the date of such notice and, if an acceleration event occurs, any unexercised warrants will automatically expire at the end of the accelerated exercise time.

Proceeds from the offering are intended to be used for general working capital purposes.

The units and the underlying securities issued pursuant to the offering will be subject to a four-month-plus-one-day hold period from closing of the offering in accordance with applicable securities legislation, and completion is subject to receipt of applicable regulatory approvals, including the approval of the CSE. The proceeds from the offering will be used for general working capital purposes.

About Jones Soda Co.

Jones Soda is a leading craft soda manufacturer. The company markets and distributes premium craft sodas under the Jones Soda brand. Jones's mainstream soda line is sold across North America in glass bottles, in cans and on fountain through traditional beverage outlets, restaurants and alternative accounts. The company is headquartered in Seattle, Wash.

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