Canada: Big Rock Brewery Income Trust announces record earnings and increase to monthly distribution

Big Rock Brewery Income Trust is pleased to report to unit holders its consolidated financial results for the three months and year ended December 31st, 2006, Market Wire announced March 26. These results reflect the consolidated operations of the Trust, Big Rock Brewery Ltd. and its wholly owned subsidiary Pine Creek Brewing Company Ltd.

As a result of record earnings for 2006, the Trust is pleased to announce that it will increase its monthly cash distribution to Unitholders by $0.02 to $0.13 per unit. The increase will take effect for the May 15, 2007 distribution paid to all Unitholders of record on April 30, 2007. The trust units will commence trading on an ex-dividend basis on April 26, 2007. The increase results in an annualized distribution of $1.56 per trust unit.

Financial Highlights for the year ended December 31, 2006 are as follows:

Net income for the year ending December 31, 2006 was $8,380,065 compared to $6,619,876 for the year ended December 31, 2005, a 27% increase.

Net income per unit increased to $1.39 for the year ended December 31, 2006 compared to $1.12 last year.

Distributable cash per unit increased to $1.54 for the year ended December 31, 2006 compared to $1.35 last year (after providing for productive capacity maintenance).

Cash distributions declared to Unitholders for the year ended December 31, 2006 were $7,947,575 or $1.32 per unit (86% of distributable cash) up from $7,655,208 or $1.29 per unit (96% of distributable cash) in 2005.

For the year ended December 31, 2006, sales revenue decreased $1,862,505 (5%) to $38,700,675 from $40,563,180 in 2005. The reduction in sales revenue resulted from a planned significant reduction in selling and marketing expenses during the year. Selling expenses decreased by $1,522,782 (13%) to $10,146,950 compared to $11,669,732 last year resulting in the improved bottom line.

Big Rock has $4,336,830 in cash and cash equivalents at year-end (December 31, 2005 - $5,722,465) and no drawings on operating or long-term debt facilities.

On November 15, 2006 the Toronto Stock Exchange approved a Normal Course Issuer Bid whereby Big Rock Brewery Income Trust may repurchase up to 2% of the outstanding trust units in any 30 day period to a maximum of 5% of the issued and outstanding trust units during any 12 month period. During 2006, the Trust expended $470,000 to repurchase and cancel 34,600 units at an average price of $13.58/unit.

Financial Highlights for the three months ended December 31, 2006 are as follows:

Net income for the three months ended December 31, 2006 was up $185,108 (11%) to $1,883,998 from $1,698,890 for the same period last year.

During the 4th quarter ended December 31, 2006 net sales revenue decreased by $1,404,083 (14%) from $10,007,311 to $8,603,228 in the same quarter last year. The decrease was a result of the volume decrease due to a planned reduction of sales programs. Accordingly, selling expenses for the three months ended December 31, 2006 were down $418,988 (16%) to $2,240,567 from $2,659,555 in the same quarter last year.

The net income increase is comprised of a $297,131 decrease in gross profit, a $54,585 increase in general and administrative expense offset by a $203,341 decrease in income tax expense.

Net income per unit for the three months ended December 31, 2006 was $0.30 up 3% from $0.29 in the same quarter last year.

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