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Diamond Estates Wines & Spirits Inc. Announces Issuance of Shares

TORONTO, ONTARIO -- (Marketwired) -- 12/16/13 -- Diamond Estates Wines & Spirits Inc. (TSX VENTURE: DWS) (the "Corporation") would like to announce that, further to the Corporation's press release dated November 28, 2013, the Corporation issued a total of 28,320 common shares (the "Bonus Shares") today to an employee at a deemed issuance price of $0.25 per share to satisfy a portion of such employee's bonus entitlement for the last fiscal year, being $7,080. The Bonus Shares may not be traded by the holder until April 17, 2014, being four months plus a day from the date of issuance in accordance with applicable securities laws.

Additional information about the Corporation can be found at www.sedar.com.

Neither TSX Venture Exchange Inc. 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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