Russell Breweries Inc. announced the appointment of Mr. Derrick Ma and Mr. Benjamin Yu to its Board of Directors subject to TSX.V Exchange approval. (Derrick) Dongbing Ma is a Partner at FVI Capital Inc. He is also founder and Chairman of the Board of the Anyi Group. (Benjamin) Li Yu is a Partner at FVI Capital Inc. He also serves as a Partner for International Business at the Anyi Group. Ben brings a wealth of multinational knowledge and experience in areas of investment and finance, as well as sales and marketing.

Russell Breweries Inc. announced that a test brewery and brewpub restaurant is scheduled to open this summer in Hefei, China.

Russell Breweries Inc. reported earnings results for the first half ended December 31, 2012. Net sales for the period were $3,317,319 up $186,660 or 6% compared to $3,130,659 for 2012. The increase in the sales volumes of the company's premium and super premium brands were key drivers for the increase in gross and net revenue, which reflects the company's recent marketing strategy with a focus on premium brands. The company had a net loss of $151,101 for 2013 compared to the net loss of $369,321 for 2012. The decrease in net loss is primarily a result of $252,725 increase in gross margin, and $9,315 decrease in other expenses, which is offset by $38,061 increase in selling, general and administrative expenses. The company is $230,131 EBITDA positive for the first half of fiscal 2013 compared to EBITDA of $28,725 for the first half of fiscal 2012. The company also achieved earnings of $202,835 after adjusting for items not affecting cash for the first half of fiscal 2013 compared to a loss of $13,976 for the comparable period of fiscal 2012, an improvement of $188,859.