Mr. Jean Gosselin reports

PRIME DRINK GROUP ANNOUNCES FIRST CLOSING OF PRIVATE PLACEMENT

Prime Drink Group Corp. has completed the first closing of its previously announced non-brokered private placement offering of units of the company for gross proceeds of $1,349,200. As a result, the company issued 26,984,000 common shares in the capital of the company and 26,984,000 warrants. Each warrant entitles the holder to purchase one common share at a price of 10 cents per share for a period of two years from the issuance date.

The securities underlying the units issued pursuant to the unit offering are subject to resale restrictions, including a hold period of four months and one day from the date of issuance, in accordance with applicable Canadian securities laws. The unit offering is subject to the final approval of the Canadian Securities Exchange and any other applicable regulatory approvals.

The company intends to allocate $1.0-million of the net proceeds of the unit offering to finalize its agreed settlement with creditors and release of security, and the balance to general working capital purposes.

Jean Gosselin, chief financial officer of Prime, commented: "This strong vote of confidence from key shareholders, including Mr. Olivier Primeau, reinforces our belief in Prime's strategic direction and provides further support for the company's promising outlook and long-term growth prospects."

The company will pay cash finders' fees in connection with the closing of the unit offering equal to 6 per cent of the proceeds received by the company from subscribers to the unit offering introduced to the company by such arm's-length finders.

About Prime Drink Group Corp.

Prime Drink Group is a Quebec-based corporation focused on becoming a leading diversified holding company in the beverage, influencer media and hospitality sectors.

We seek Safe Harbor.