Mr. David Kinder reports

BIG ROCK BREWERY INC. CLOSING OF PRIVATE PLACEMENT AND DEBT SETTLEMENT

Big Rock Brewery Inc. has closed its previously announced settlement of all indebtedness and liabilities owing by the corporation to VN Capital Fund I LP, being the corporation's lender under its second lien term facility. Big Rock has also closed its concurrent private placement of common shares in the capital of the corporation at a price of $1 per common share for gross proceeds of $8.4-million.

The private placement, together with the debt settlement, provides Big Rock with immediate financial stability as the completion of these transactions allows Big Rock to address its significant working capital deficiency, settle all amounts owing under the second lien facility and provide operating capital to Big Rock, allowing Big Rock to continue as a going concern.

"We are grateful and appreciative of the overwhelming support that we have received, from our current shareholders, such as VN Capital and the McNally family, our senior leadership team and our new shareholders. We believe that the strong demand for the private placement, which resulted in an upsizing of the private placement, is a reflection of the belief in our new management team, our board, our people and our business.

"Closing of the transactions is critical for the future growth of our business as the transactions allow us to:

• Prioritize and commit capital and resources;
• Increase both our capabilities and capacity in the ready-to-drink segment;
• Continue to improve and embrace our roots in the craft beer market.

"In summary, we believe closing of the transactions marks an important step forward for Big Rock, as we continue to work to grow revenues consistent with our strategic plan," stated David Kinder, president and chief executive officer of Big Rock.

About Big Rock Brewery Inc.

In 1985, Ed McNally founded Big Rock to contest the time's beer trends. Three bold, European-inspired offerings -- bitter, porter and traditional ale -- forged an industry at a time heavy on easy-drinking lagers and light on flavour. Today, the company's extensive portfolio of signature beers, continuing seasonal offerings, six ciders (Rock Creek Cider series), custom-crafted private label products and other notable, licensed alcoholic beverages keeps Big Rock at the forefront of the craft beer revolution and still proudly contesting the beer and alcoholic beverage trends of today. Big Rock has brewing operations in Calgary, Alta., and Toronto, Ont. Big Rock trades on the TSX under the symbol BR.

We seek Safe Harbor.