Unaware of Material Change

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Toronto, Ontario--(Newsfile Corp. - May 22, 2020) - At the request of IIROC, Hill Street Beverage Company Inc. (TSXV: BEER) (the "Company"), wishes to confirm that the Company's management is unaware of any material change in the Company's operations that would account for the recent increase in market activity. Additionally, further to its press release dated May 4, 2020, the Company announces that it has issued 1,584,801 common shares in the capital of the Company to former senior officers of the Company to satisfy certain severance obligations. The shares were issued at a deemed price per share of $0.08. The shares are subject to a statutory hold period of 4 months and one day from the date of issuance.

For further information:
Terry Donnelly, Chairman and CEO, Hill Street Beverage Company Inc.,
terry@hillstreetbevco.com, (416) 543-4904;

Follow Hill Street on Twitter https://twitter.com/hillstreetbevco
and on Facebook http://facebook.com/hillstreetbevco

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/56415

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