Russell Breweries Inc. Announces Results for the First Nine Months of Fiscal 2014

Russell Breweries Inc. (TSX VENTURE: RB), a producer of premium craft beer,
releases its financial results for the first nine months of Fiscal 2014, ended
March 31, 2014.


"We are pleased with the continuing improvement of the Company over Q3 of 2014
fiscal year," says Benjamin Li Yu, CEO. "We have continued to go in the right
direction in a highly competitive market. Our margins have improved and cost
controls and other initiatives implemented have resulted in improved bottom line
in the last three quarters consecutively. The Company is $663,277 EBITDA
positive for the nine months of fiscal 2014 compared to EBITDA positive of
$450,466 in the same period of fiscal 2013."


First Nine Months of Fiscal 2014 Highlights 

Russell Breweries Inc. generated $7,063,571 gross revenue for the first nine
months of fiscal 2014 ("2014F YTD"), up $835,250 or 13% compared to $6,228,321
for the same period of fiscal 2013 ("2013F YTD"). Net revenue for 2014F YTD were
$5,565,663 up $708,657 or 15% compared to $4,857,006 for 2013F YTD. The increase
is mainly due to increased pricing and volumes, optimized product mix and the
addition of sales personnel to service wider geographical area.


The gross margin for 2014F YTD increased by $368,810 or 13% to $3,166,326
compared to $2,797,516 for 2013F YTD. The gross margin percentage of 2014F YTD
was down 1% to 57% compared to 58% for 2013F YTD. The decrease is mainly due to
the higher cost of raw materials and packaging materials.  


Selling, general and administration expenses for 2014F YTD were $2,738,568 up
$151,483 or 6% compared to $2,587,085 for 2013F YTD. 


The Company had a net income of $248,263 for Q3 2014F compared to the net loss
of $77,505 for the nine months ended March 31, 2013 ("2013F YTD). The increase
in net income is primarily due to an increase in gross margin of $368,810, which
is offset by increase in selling, general and administrative expenses of
$151,483 and decrease in other expenses of $72,263. 


For further details the Company's complete MD&A and financial statements for the
three and nine months ending March 31, 2014 and 2013 are available on SEDAR at
www.sedar.com and the Company's web site at www.russellbeer.com.


Russell Breweries Inc. produces premium beers in Western Canada in breweries
located in BC and Manitoba. All products are held to the highest quality
standards, brewed without any preservatives, ensuring that the passion that goes
into crafting the beers comes through in the taste. Russell Breweries Inc. is a
public company trading on the TSX Venture Exchange under the symbol "RB".


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.



FOR FURTHER INFORMATION PLEASE CONTACT: 

For more information, please contact:
Benjamin Li Yu  
CEO
Russell Breweries Inc.
Tel: 604.599.1190
Fax: 604.596.1048
benjamin.yu@russellbeer.com

Russell Breweries Inc. (TSXV:RB)
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