Clearly Canadian Beverage Corp. Announces Completion of Private Placements.

VANCOUVER, British Columbia--(BUSINESS WIRE)--Feb. 14, 1996--CLEARLY CANADIAN BEVERAGE CORP. (the "company") has closed two previously announced private placements involving the issuance of a total of 2,750,000 units at a price of $1.52 per unit to various investors, including directors, officers and employees of the company (as to 2,250,000 units) and BIL (Far East Holdings) Ltd. (as to 500,000 units).

Each unit is comprised of one common share and one non-transferrable share purchase warrant entitling the holder to purchase an additional common share over a period of two years at an exercise price of $1.52 in the first year and $1.75 in the second year. The company has received a total of $4,180,000 from the private placements, which proceeds will be applied to working capital for product development and distribution initiatives, for prospective project acquisitions and for investment diversification.

ON BEHALF OF THE BOARD OF DIRECTORS

DOUGLAS L. MASON, DIRECTOR

CHIEF EXECUTIVE OFFICER AND PRESIDENT

CLEARLY CANADIAN BEVERAGE CORPORATION is the registered holder of

the trademark CLEARLY CANADIAN.

CLEARLY CANADIAN BEVERAGE CORP., and its wholly owned subsidiaries, manufacture, distribute and market CLEARLY CANADIAN(R), CLEARLY TEA(TM) and CLEARLY 2(TM) flavoured and unflavoured water beverages. Through distribution and/or licensing agreements, CLEARLY CANADIAN(R) products are sold throughout the United States, Canada, Japan, the United Kingdom, the Republic of Ireland, the Caribbean and other countries worldwide.

The Vancouver Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

CONTACT: Clearly Canadian Beverage Corp.

Douglas L. Mason, 604/683-0312

604/683-2256 (FAX)

1-800/663-5658 (U.S.)

1-800/663-0227 (CANADA)