Cease Trade Order

The Nova Scotia Securities Commission has ordered that all trading shall cease in respect of all securities of the Maritime Beer Company Inc. until the company has satisfied the commission that it is in compliance with the Nova Scotia Securities Act. As an exception to the cease trade order, the order allows the company to make an offering of non-transferable rights to its common shareholders to purchase additional common shares of the company made pursuant to and in accordance with the Nova Scotia Securities Act.

The order follows the failure of the company to file with the commission audited financial statements for the financial year ended March 31, 1999, as required by the act.

The order is effective as of today, Oct. 26, 1999.