Diamond Estates Wines & Spirits Ltd.

Diamond Estates Wines & Spirits Ltd.

November 25, 2014 08:41 ET

Diamond Estates Wines and Spirits Inc. Issues Stock Options to Key Personnel

NIAGARA-ON-THE-LAKE, ONTARIO--(Marketwired - Nov. 25, 2014) - Diamond Estates Wines & Spirits Inc. ("Diamond Estates" or "the Company") (TSX VENTURE:DWS), today announced it has issued stock options to key management personnel. These personnel include those employed by Kirkwood Diamond Canada Partnership ("KDC"), the entity that houses the agency business that Diamond Estates merged with that of The Kirkwood Group on October 1, 2014. Diamond Estates has a 50.01% interest in KDC.

The Company considers stock options to be a key incentive to align its management team with the objective of building shareholder value over the long term. Consistent with this philosophy, the following employees have been granted options:

Employee Position Grant Date Options Strike Price
Tom Green VP, Operations November 24, 2014 250,000 $0.11
Melanie Green Controller November 24, 2014 100,000 $0.11
Andrew Green VP, Business Development November 24, 2014 250,000 $0.11
Gordon Haist CEO, Kirkwood Diamond November 24, 2014 250,000 $0.11
Peter Kirkwood VP Sales, Kirkwood Diamond November 24, 2014 200,000 $0.11

Each option is exercisable for the purchase of one common share for up to five years from the date of issuance at which time they expire. The options vest at the rate of 20% on each anniversary of the issuance date.

"The employees that were granted stock options are integral to the continuing execution of Diamond Estates' strategic plan," stated J. Murray Souter, President & CEO of Diamond Estates, "We are building a culture that rewards performance given the significant pace of change taking place in the Company and the industry. Our greatest asset and our strength is in our people, so aligning their success with the Company is important."

About Diamond Estates Wines and Spirits Inc.

Diamond Estates Wines and Spirits Inc. is a producer, marketer and distributor of wines and spirits in Canada. The company operates two wineries in the Niagara region of Ontario producing VQA and blended wines under such well-known brand names as 20 Bees, EastDell, Lakeview, Dois Amigos, Dan Aykroyd, Benchmark and Seasons. Through its partnership, Kirkwood Diamond Canada, the company also imports fine wines and spirits from around the world and serves as the marketing and sales agent for these brands in all regions of the country. These brands include Fat Bastard wines from France, Fireball Whiskey Shooter from Canada, Hpnotiq Liqueur from France, Anciano wines from Spain, Francois Lurton wines from France and Argentina and a number of top bourbons. For further information on the company, please visit the company's SEDAR profile at www.sedar.com.

Diamond Estates Wines & Spirits Inc. common shares trade on the TSX Venture Exchange (symbol DWS).

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.

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