CLEARLY CANADIAN BEVERAGE UPDATE.

VANCOUVER, BC--(BUSINESS WIRE)--July 12, 1995-- Clearly Canadian Beverage Corporation (the "Company") wishes to announce that it will not be proceeding with any further acquisitions of its common shares in accordance with its normal course issuer bid. The issuer bid entitles the Company to purchase up to a maximum of 1,314,735 shares until February 13, 1996. From February 14, 1995 to May 26, 1995, the Company purchased a total of 108,600 shares. The Company currently owns 1,583,600 shares of its own capital acquired under its current and prior normal course issuer bids.

The Company has determined to direct its financial resources into marketing programs for the brand "Clearly Canadian", new product development and for possible brand acquisition opportunities.

Further to its news release of May 2, it has issued a non- transferable share purchase warrant (the "Warrant") to its wholly owned U.S. subsidiary, Clearly Canadian Beverage (U.S.) Corporation ("Clearly Beverage U.S.), entitling Clearly Canadian U.S. to purchase up to 917,411 common shares over a two year period at an exercise price of CDN $2.24 per share during the first year and CDN $2.63 per share during the second year. The Warrant has been issued in connection with the acquisition by Clearly Canadian U.S. of distribution rights for Clearly Canadian beverage products from Wesmark, Inc. ("Wesmark"). The number of shares which may be purchased under the Warrant will be reduced based upon the purchase price outstanding in favour of Wesmark. To the extent that Clearly Canadian U.S. exercises the Warrant, the proceeds realized from any disposition of shares will be used to fund certain of the acquisition payments by Clearly Canadian U.S. to Wesmark.

On Behalf of the Board of Directors

D. Bruce Horton

Chief Financial Officer & Director

The Vancouver Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. This news release was prepared by management who accept full responsibility for its content.

CLEARLY CANADIAN BEVERAGE CORPORATION is the registered holder of the trademark "Clearly Canadian (R)".

CLEARLY CANADIAN BEVERAGE CORPORATION, and its wholly owned international subsidiary, Clearly Canadian Beverage (International) Corporation, produce, distribute, and market CLEARLY CANADIAN (R), CLEARLY TEA (TM), and CLEARLY 2 (TM), a line of flavoured and unflavoured bottled sparkling water beverages. Through distribution and/or licensing agreements, CLEARLY CANADIAN (R) is sold throughout the United States, Canada, Japan, and the United Kingdom, the Republic of Ireland, the Caribbean and Mexico.

CONTACT: D. Bruce Horton

604/683-0312

604/683-2256 (FAX)