Big Rock Brewery Ltd., (NASDAQ: BEERF; TORONTO STOCK EXCHANGE: BR) one of North America's leading specialty brewers today announced its results for the first quarter ended June 30, 2000.

Net sales for the quarter increased by 3.08% or $189,095 compared with same period last year. Net income decreased by $79,937 due primarily to an aggressive first quarter advertising initiative to maintain the company's competitive position in its Alberta home market. Earnings per share were $0.11 compared to $0.12 for the 1999 first quarter.

The company continues to outperform the industry in Alberta with volume increases of 6.5%. In addition to continued growth in Alberta the company experienced very strong growth in British Columbia and Saskatchewan. In the U.S. Pacific Northwest emphasis has been placed on expanding the company's distribution network in order to better position the company and improve sales results in this region.

The company purchased 26,700 shares during the quarter as part of its Normal Course Issuer bid. To date the company has purchased 410,400 shares in open market transactions. These shares have been cancelled as prescribed in the terms of the bid. The number of shares outstanding as of June 30, 2000, is 4,633,875.

Founded by Ed McNally in 1985 Big Rock Brewery has become one of Canada's leading specialty regional breweries. The core brands of the company are; Traditional, Grasshopper, Warthog and Chinook ales, and Kold premium lager brewed with glacial spring water. Big Rock products are distributed in Canada from British Columbia to Ontario, and in the United States.



Big Rock Brewery Ltd

BALANCE SHEET


(Canadian $) (unaudited)

June 30
------------------------
2000 1999
ASSETS
Current Assets $ 5,811,543 $ 5,236,123
Capital Assets 25,345,967 24,833,624
Other Assets 58,230 84,074
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TOTAL ASSETS $31,215,740 $30,153,821
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LIABILITIES AND EQUITY
Current liabilities $ 5,813,510 $ 2,605,283
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5,813,510 2,605,283

Long-term debt 4,219,916 7,254,500
Deferred taxes 4,198,200 3,320,400
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14,231,626 13,180,183
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Share capital 10,014,739 10,436,735
Retained earnings 6,969,375 6,536,903
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16,984,114 16,973,638
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TOTAL LIABILITIES AND EQUITY $31,215,740 $30,153,821
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Big Rock Brewery Ltd
STATEMENT OF EARNINGS

(Canadian $) (unaudited)
Three Months Ended
June 30
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2000 1999

GROSS SALES $8,820,863 $ 8,527,592
LIQUOR CONTROL BOARD
COMMISSIONS 1,602,098 1,561,983
EXCISE TAXES 898,593 834,532
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NET SALES 6,320,172 6,131,077

COST OF SALES 2,512,504 2,373,221
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GROSS PROFIT 3,807,668 3,757,856
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EXPENSES:
Selling, general and administrative 2,531,533 2,326,219
Amortization 300,000 300,000
Interest 152,594 153,959
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Total expenses 2,984,127 2,780,178
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EARNINGS BEFORE INCOME TAXES 823,541 977,678

INCOME TAXES
Current 20,000 14,000
Deferred 292,800 373,000
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312,800 387,000
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NET EARNINGS 510,741 590,678

Retained earnings, beginning of period 6,551,550 5,975,448

Redemption of common shares (92,916) (29,223)
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Retained earnings, end of period $6,969,375 $ 6,536,903
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EARNINGS PER SHARE $0.11 $0.12
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VOLUME (HL) 32,878 30,857
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