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Premier Diversified Holdings Inc. Announces Sale of Shares of Russell Breweries Inc. Early Warning Report Issued Pursuant to National Instrument 62-103

VANCOUVER, British Columbia, Feb. 06, 2018 (GLOBE NEWSWIRE) -- Premier Diversified Holdings Inc. ("Premier" or the "Company") (CSE:PDH), announces that it has disposed of a total of 5,000,000 Common shares ("Russell Shares") of Russell Breweries Inc. ("Russell"), representing 5.74% of the issued and outstanding common shares of Russell. The disposition took place through the TSX Venture Exchange on February 5, 2018.

Prior to the disposition, Premier held 17.5% of the issued and outstanding common shares of Russell and following this disposition it holds 11.76%. Premier received $0.01 per Russell Share for total consideration of $50,000.

On January 5, 2018, Russell announced that, following receipt of certain final payments contemplated by the sale of all or substantially all of its assets related to its two former operating businesses in two separate transactions completed on December 2, 2016 and December 17, 2016, the board of directors of Russell fixed the amount and record date for the second cash distribution by way of a return of capital (the "Return of Capital").

The Return of Capital was in the amount of CAD$0.035 per Russell Share. The Return of Capital was made on January 26, 2018. On February 2, 2018, Premier's two nominees to the board of directors of Russell resigned. As the Return of Capital was completed and Premier's nominees no longer serve as directors of Russell, Premier determined to dispose of part of its interest in Russell. Premier may dispose of additional Russell Shares in the future.

Russell's head office is located at 202-13018 80th Avenue, Surrey, B.C. V3W 3A8.  Premier's head office is located at 301-3185 Willingdon Green, Burnaby, B.C. V5G 4P3.  Premier has filed an Early Warning Report ("EWR") in Form 62-103F1 and is not relying on an exemption from requirements in securities legislation applicable to formal bids for the transaction. A copy of the EWR may be obtained by contacting the Corporate Secretary of the Company, Marta Davidson, at 604-678-9115.

About Premier Diversified Holdings Inc.

Premier is a British Columbia company which operates in diversified industries. It acts as a holding company (either directly or through a subsidiary) that may be active in the management of its subsidiary companies to varying degrees. Information about Premier may be found at www.pdh-inc.com.

On behalf of the Board of Directors

“Sanjeev Parsad”

Sanjeev Parsad
President, CEO and Director

For further information, contact:
Sanjeev Parsad, President and CEO

Phone: (604) 678.9115 ext 205
E-mail: sparsad@pdh-inc.com Web: www.pdh-inc.com

The Canadian Securities Exchange (CSE) has not reviewed the adequacy or the accuracy of the contents of this document.  Company information can be viewed here: www.thecse.com. Further information regarding the Company can be found on SEDAR at ww.sedar.com.

Legal Notice Regarding Forward Looking Statements: This news release contains "forward-looking statements" within the meaning of applicable Canadian securities legislation. Forward-looking statements are indicated expectations or intentions. Forward-looking statements in this news release include that Premier may dispose of additional Russell Shares in the future.  Factors that could cause actual results to be materially different include but are not limited to the following: that the management’s intentions may change or that the Premier's management may determine to keep the Russell Shares. Investors are cautioned against placing undue reliance on forward-looking statements. It is not our policy to update forward looking statements.

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