Clearly Canadian Completes Arrangements for Secured Loan.

VANCOUVER, British Columbia -- Clearly Canadian Beverage Corporation (TSX:CLV) (OTCBB:CCBC) is pleased to announce, further to its November 4, 2004 new release, that it has completed arrangements for a twelve month secured loan from Global (GMPC) Holdings Inc. of Toronto, Ontario ("Global").

The first tranche of Cdn$1,000,000 has been advanced to the Company and the advance of the second tranche of Cdn$500,000 is subject to the Company meeting certain property valuation requirements. The loan will bear interest at a rate of 12% per annum compounded and payable monthly. In connection with the loan, the Company has issued 600,000 common shares to Global as a bonus in connection with the first tranche of the loan and has agreed to issue an additional 220,000 common shares for the second tranche of the loan.

The net proceeds of the loan will be used to repay in full all amounts remaining outstanding under the Company's previous bridge loan from Quest Capital Corp. (approximately Cdn$677,000) and for general working capital purposes.

At this time, the Company also intends to pursue additional private financing to support the Company's operations and relations with existing suppliers and vendors and to allow for more aggressive marketing and sales activities for its beverage products.

About Global

Global is a merchant bank which provides bridge loan services (asset back/collateralized financing), to companies across many industries such as oil & gas, mining, real estate, manufacturing, retail, financial services, technology and biotechnology. For further information, please contact Jason G. Ewart at [phone] or visit their website at www.globalbridgeloans.com.

About Clearly Canadian

Based in Vancouver, B.C., Clearly Canadian Beverage Corporation markets premium alternative beverages and products, including Clearly Canadian(R) sparkling flavoured water, Clearly Canadian O+2(R) oxygen enhanced water beverage and Tre Limone(R) which are distributed in the United States, Canada and various other countries. Additional information about Clearly Canadian may be obtained on the world wide web at www.clearly.ca.

Statements in this news release that are not historical facts are forward-looking statements that are subject to risks and uncertainties. Words such as "expects", "intends", "may", "could", "should", "anticipates", "likely", "believes" and words of similar import also identify forward-looking statements. Forward-looking statements are based on current facts and analyses and other information that are based on forecasts of future results, estimates of amounts not yet determined and assumptions of management, including, but not limited to, the Company's ability to raise additional debt and/or equity financing to fund operations and working capital requirements, the Company's analysis of its current and future sales and sales trends, its product distribution systems, as well as anticipated changes thereto, the Company's expectations regarding the effects of its restructuring efforts and its product distribution, promotional and marketing activities and the potential benefits of such changes, efforts and activities on its results of operations in future periods. Actual results may differ materially from those currently anticipated due to a number of factors including, but not limited to, general economic conditions, changing beverage consumption trends of consumers, the Company's ability to generate sufficient cash flows to support general operating activities and capital expansion plans, competition, pricing and availability of raw materials, the Company's ability to maintain the current and future retail listings for its beverage products and to maintain favorable supply, production and distribution arrangements, laws and regulations and changes thereto that may affect the way the Company's products are manufactured, distributed and sold and other factors beyond the reasonable control of the Company. Additional information on factors that may affect the business and financial results of the Company can be found in filings of the Company with the U.S. Securities and Exchange Commission and with the British Columbia and Ontario Securities Commissions.

CLEARLY CANADIAN BEVERAGE CORPORATION

Douglas L. Mason, President and C.E.O.

CLEARLY CANADIAN BEVERAGE CORPORATION is the registered holder of various trademarks, including CLEARLY CANADIAN(R). CLEARLY CANADIAN BEVERAGE CORPORATION, and its wholly owned subsidiaries, produce, distribute and market CLEARLY CANADIAN(R), CANADIAN O+2(R) and TRE LIMONE(R).

Clearly Canadian Beverage Corporation (TSX:CLV) (OTC Bulletin Board:CCBC)