Canyon Creek Food Company Ltd.
TSX VENTURE : CYF

December 15, 2015 08:00 ET

Canyon Creek Provides Sales Update

- Calendar Q1 2016 year-over-year revenues to increase by approximately 250 percent

- Company expects to be EBITDA positive in calendar Q1 2016

EDMONTON, ALBERTA--(Marketwired - Dec. 15, 2015) - December 15, 2015 - Canyon Creek Food Company Ltd., ("Canyon Creek" or "the Company") (TSX VENTURE:CYF), a North American food processor, focused on the preparation, sale and distribution of high quality, natural, preservative-free, fresh soups, and other food products today provided an update on the Company's sales and marketing initiatives, which have led to a material year-over-year increase in revenues and volumes.

Pursuant to recent Company announcements concerning new sales initiatives and product launches, and an overall increase in sales and distribution initiatives, Canyon Creek has received shipment commitments amounting to approximately $2.5 million for the January to March 2016 period, representing an increase of approximately 250 percent when compared to the corresponding period in 2015. The Company also anticipates generating positive EBITDA during the same period in 2016.

"I am extremely pleased to see our growth strategy unfold as planned, following a phase of relentless focus on building a state-of-the-art facility, complemented with healthy recipes of high quality food products, which are being embraced at a rapid rate by a growing number of North America's well recognized food retailers," noted Terry Alty, President and CEO of Canyon Creek. "We expect the trend that we are experiencing in the first quarter of calendar 2016 to continue as we focus on launching new product initiatives in the coming months."

ABOUT CANYON CREEK

Canyon Creek is a food processing company based in Edmonton, Alberta, providing fresh soups and other prepared food products for today's health conscious consumer. The Company offers its fresh food product line to both grocery retailers and a broad range of food service establishments including restaurant chains and public institutions throughout Canada.

This news release contains forward-looking statements which involve known and unknown risks, delays, and uncertainties not under the Company's control which may cause actual results, performance or achievements of the Company to be materially different from the results, performance or expectations implied by these forward-looking statements.

The TSX Venture Exchange has neither approved nor disapproved of the contents of this press release.

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