Russell Breweries Inc. Closes Private Placement

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES


Russell Breweries Inc. (TSX VENTURE:RB) (the "Company") is pleased to announce
that it has closed the non-brokered private placement (the "Private Placement")
of units announced previously on March 18, 2013.


Under the Private Placement, the Company issued 9,640,000 units (the "Units") at
a purchase price of $0.05 per Unit, for aggregate gross proceeds of $482,000.00.
Each Unit is comprised of one common share ("Common Share") in the capital of
the Company, and one non-transferable share purchase warrant ("Warrant"). Each
Warrant entitles the holder to purchase one additional Common Share at a price
of $0.10 for a period of two years from closing the Private Placement. The term
of the Warrants is subject to an acceleration right at the option of the
Company, provided that the daily volume-weighted average trading price of the
Common Shares is $0.15 or higher for at least 10 consecutive trading days and
the Company has provided Warrant holders with 30 days prior written notice of
the accelerated exercise date. 


The securities issued pursuant to the Private Placement will be subject to a
hold period of four months and one day from the date of issue in compliance with
applicable securities laws and the rules of the TSX Venture Exchange. The net
proceeds from the Private Placement will be used for general working capital
requirements.


Certain directors and officers of the Company have acquired Units under the
Private Placement. Any such participation is considered to be a "related party
transaction" as defined under Multilateral Instrument 61-101 ("MI 61-101"). The
transaction is exempt from the formal valuation and minority shareholder
approval requirements of MI 61-101 as neither the fair market value of any Units
issued to, nor the consideration paid by, such persons exceeds 25% of the
Company's market capitalization.


Russell Breweries Inc. is a leading Western Canadian brewer. It brews, markets,
sells and distributes a diverse portfolio of award-winning beers that are
produced by its wholly-owned regional breweries: Russell Brewing Company in
British Columbia and Fort Garry Brewing Company in Manitoba. Both breweries are
dedicated to producing high-quality, flavourful ales and lagers. Russell
Breweries Inc. is publicly listed on the TSX Venture Exchange (TSX VENTURE:RB). 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Russell Breweries Inc.
Brian Harris
CEO
778.846.2335
604.599.1048 (FAX)
[e-mail]
www.russellbeer.com