BIG ROCK BREWERY INC. ANNOUNCES EXPANSION AND EXTENSION OF SECOND LIEN FINANCING

BIG ROCK BREWERY INC. ANNOUNCES EXPANSION AND EXTENSION OF SECOND LIEN FINANCING

November 20, 2024 — Calgary, Alberta — Big Rock Brewery Inc. (TSX: BR) (“Big Rock” or the
“Corporation”) is pleased to announce the expansion of its second lien financing (the “Second
Lien Financing”) with its principal shareholder, VN Capital Fund I, LP (“VN Capital”), by $500,000.
In addition, the entire Second Lien Financing has been extended to mature on March 31, 2025.

The expanded financing will enhance Big Rock’s financial flexibility as it continues to optimize its
operations and pursue its growth objectives in the ready to drink (“RTD”) market. Capital
investments will be prioritized to grow both the capacity and capability within the RTD Category.
The Corporation values the continued support of VN Capital, which underscores their confidence
in Big Rock’s long-term strategy.

Further details regarding the Second Lien Financing can be found in the Corporation’s publicly
available disclosure documents filed on SEDAR+ at www.sedarplus.ca.

Forward-Looking Information
Certain statements contained in this press release constitute forward-looking statements. These
statements relate to future events or Big Rock’s future performance. All statements, other than
statements of historical fact, may be forward-looking statements. Forward-looking information
are not facts, but only predictions and generally can be identified by the use of statements that
include words or phrases such as, “anticipate”, “believe”, “continue”, “could”, “estimate”,
“expect”, “intend”, “likely”, “may”, “project”, “predict”, “propose”, “potential”, “might”,
“plan”, “seek”, “should”, “targeting”, “will”, and similar expressions. These statements involve
known and unknown risks, uncertainties and other factors that may cause actual results or events
to differ materially from those anticipated in such forward-looking statements. Big Rock believes
that the expectations reflected in those forward-looking statements are reasonable but no
assurance can be given that these expectations will prove to be correct and such forward-looking
statements included in this press release should not be unduly relied upon by readers, as actual
results may vary materially from such forward-looking statements. These statements speak only
as of the date of this press release and are expressly qualified, in their entirety, by this cautionary
statement. In particular, this press release contains forward-looking statements pertaining to: the
anticipated benefits to be derived from the expanded Second Lien Financing; and the expectation
that Big Rock will optimize its operations and pursue its growth objectives.

With respect to the forward-looking statements listed above and contained in this press release,
management has made assumptions regarding, among other things: that additional financing will
lead to increased financial flexibility; and that opportunities for growth will be available to Big
Rock.

Some of the risks which could affect future results and could cause results to differ materially
from those expressed in the forward-looking information and statements contained herein include
the risk factors set out in the Corporation’s annual information form for the year ended December
30, 2023 which is available on SEDAR+ at www.sedarplus.ca and also include, but are not limited
to: the risk that the expanded Second Lien Financing may not lead to the benefits anticipated;
and the risk that Big Rock may not optimize its operations or meet its growth objectives.

Any financial outlook or future oriented financial information (in each case “FOFI”) contained in
this press release regarding prospective financial position, including, but not limited to: the
anticipated benefits to be derived from the expanded Second Lien Financing; and the expectation
that Big Rock will optimize its operations and pursue its growth objectives, are based on reasonable
assumptions about future events, including those described above, based on an assessment by
management of the relevant information that is currently available. The actual results will likely
vary from the amounts set forth herein and such variations may be material. Readers are cautioned
that any such FOFI contained herein should not be used for purposes other than those for which it
is disclosed herein. Such information was made as of the date of this press release and the
Corporation disclaims any intention or obligation to update or revise any such information, whether
as a result of new information, future events, or otherwise, unless required pursuant to applicable
law.

Readers are cautioned that the foregoing list of assumptions and risk factors is not exhaustive. The
forward-looking information and statements and FOFI contained herein are expressly qualified in
their entirety by this cautionary statement. The forward-looking information and statements and
FOFI included in this press release are made as of the date hereof and Big Rock does not undertake
any obligation to publicly update such forward-looking information and statements to reflect new
information, subsequent events or otherwise unless so required by applicable securities laws.

About Big Rock Brewery Inc.
In 1985, Ed McNally founded Big Rock to contest the time’s beer trends. Three bold, European-inspired
offerings – Bitter, Porter and Traditional Ale – forged an industry at a time heavy on easy
drinking lagers and light on flavour. Today, our extensive portfolio of signature beers, ongoing
seasonal offerings, six ciders (Rock Creek Cider® series), custom-crafted private label products and
other notable, licensed alcoholic beverages keeps us at the forefront of the craft beer revolution
and still proudly contesting the beer and alcoholic beverage trends of today. Big Rock has brewing
operations in Calgary, Alberta and Toronto, Ontario. Big Rock trades on the TSX under the symbol
“BR”. For more information on Big Rock visit www.bigrockbeer.com

For further information, please contact:
David Kinder, President & Chief Executive Officer, or James Chong, Chief Financial Officer:

Phone: (403) 720-3239
Fax: (403) 720-3641
Email: investors@bigrockbeer.com