Diamond Estates Wines & Spirits Issues Deferred Share Units to Employees

Niagara-on-the-Lake, Ontario--(Newsfile Corp. - August 31, 2026) - Diamond Estates Wines & Spirits Inc. (TSXV: DWS) ("Diamond Estates" or "the Company") announces today that it has issued deferred share units ("DSUs") to certain of its employees as of August 31, 2026. Pursuant to the Company's bonus plan, an aggregate of 1,881,585 DSUs at a deemed price per DSU of $0.15 have been issued by the Company to certain employees in settlement of $282,237.75 of bonuses owing. The DSUs are to be settled in common shares of the Company within 90 days of the employee leaving from all positions with the Company. "Our employees are the key drivers to our success and we are very pleased to be paying out bonuses to our team and the deferred share units keep their interests aligned with the Company," said Andrew Howard, President and CEO of Diamond Estates. About Diamond Estates Wines and Spirits Inc.: Diamond Estates is a producer of high-quality wines and ciders as well as a sales agent for over 120 beverage alcohol brands across Canada. The Company operates four facilities, three in Ontario and one in British Columbia, that produce predominantly VQA wines under such well-known brand names as 20 Bees, Creekside, D'Ont Poke the Bear, EastDell, Lakeview Cellars, Mindful, Shiny Apple Cider, Fresh Wines, Red Tractor, Seasons, Serenity and Backyard Vineyards. Through its commercial division, Trajectory Beverage Partners ("Trajectory"), the Company serves as the sales agent for a wide range of leading international beverage brands. Wine Portfolio: Trajectory represents renowned wine brands, including Fat Bastard and Gabriel Meffre from France; Kaiken from Argentina; Kings of Prohibition from Australia; Yealands, Kono, Tohu, and Joiy Sparkling Wine from New Zealand; Talamonti, Cielo and Valdo from Italy; Bodegas Muriel from Spain; Porta 6, Julia Florista, Boas Quintas, Catedral and Cabeca de Toiro from Portugal; Fowles Wines from Australia; Empress Wines from Croatia; as well as C.K. Mondavi & Family, Charles Krug, Line 39, Harken, FitVine and Rabble from California. Trajectory also represents a broad portfolio of wines sold exclusively to restaurants, bars and private consumers. Spirits Portfolio: The Company also represents distinguished spirit brands such as Cofradia Tequila, Siempre Tequila, Chisme Tequila, Hussong's Tequila, Solmano Mezcal and Chica Chida Agave Spirit from Mexico, Islay Mist and Waterproof blended Scotch whiskies from Scotland, Glen Breton Canadian whiskies from Nova Scotia, Five Farms Irish Cream Liqueur from the UK, Tequila Rose Strawberry Cream, 360 Vodka and Holladay Bourbon from the USA, Giffard Liqueurs from France, Zubrowka Vodka from Poland and Becherovka from the Czech Republic. Beer, Cider, and RTD Portfolio: In the beer, cider, and ready-to-drink (RTD) categories, Trajectory represents Darling Mimosa, Protini Beverages from Ontario, ESA Cocktails, Solmano Craft Cocktails, Stickler Shrub Cocktails, Sunday Session RTDs and Jasper Brewing Company from Alberta, and Warsteiner and Konig Ludwig from Germany. For more information, please contact: Andrew Howard President & CEO, Diamond Estates Wines & Spirits Inc. [email protected] Contact Number : 905-685-5673 Basman Alias, CPA CFO, Diamond Estates Wines & Spirits Inc. [email protected] 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. To view the source version of this press release, please visit https://www.newsfilecorp.com/release/312352 Source: Diamond Estates Wines & Spirits Inc.