RB

Further to the agreement signed with FVI Capital Inc. ("FVI") in October 2012,
Russell Breweries Inc. ("RBI") (TSX VENTURE:RB) announces that a test brewery
and brewpub restaurant is scheduled to open this summer in Hefei, China. Hefei
is the largest city of Anhui Province of Eastern China with a population of 5.7
million. It is a booming industrial city that has had very strong economic
growth and is open to international investment. 


"Our partners in China have broken ground on building its test brewery and
adjoining brewpub-style restaurant in the city of Hefei," said Brian Harris, CEO
Russell Breweries Inc. "Scheduled to open this summer, the brewery will be the
first in the region to offer high-end, small-batch beers to North American craft
brewing standards."


On October 9th, 2012, Russell Breweries Inc. signed a definitive agreement with
FVI Capital Inc. for a non-exclusive technology and trade mark license agreement
to import, produce, package, use, market, sell and distribute Russell brands in
China, Hong Kong and Taiwan. Under the terms of the agreement, a new Company
named Russell Breweries China Inc. ("RBCI") has been established and Russell
Breweries Inc. has subscribed for a 20% equity position. FVI Capital Inc. is a
Vancouver based private equity company and a member of the Anyi Capital Group in
Shanghai, China. 


"The principal terms of the agreement included an initial up-front licensing fee
and ongoing royalties based on volume of beer produced and sold in China,"
explained Brian Harris. "We look forward to the opening of this test brewery and
to continuing to build on the relationship with FVI Capital and Russell
Breweries China to optimize opportunities in China and North America."


About Russell Breweries Inc.

Russell Breweries Inc. is 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
604.596.1048 (FAX)
bharris@russellbeer.com
www.russellbeer.com

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