Clearly Canadian Closes US $3.5 Million Financing



    Cash Position Now over US $7.5 Million - Will Augment Marketing and New
Product Development Initiatives

    VANCOUVER, BRITISH COLUMBIA, April 4 /CNW/ - Clearly Canadian Beverage
Corporation (OTCBB:CCBEF) (the "Company") announced today that it has closed a
series of recently announced non-brokered private placements (the "Financing")
for a total sale of 1,166,333 common shares of the Company with an aggregate
purchase price of US $3,499,000.00.

    Stated Brent Lokash, President of Clearly Canadian, "This capital
investment demonstrates the confidence our investors have in the Company, its
product lines and in the path we are taking. These funds will augment our in
house initiatives, with the purpose of creating, marketing and delivering our
new and forthcoming lines of "better for you" products. Additionally our US
$7.5 million in cash reserves will serve to greatly strengthen our ongoing
efforts, as we continue to seek strategic acquisitions and open new
distribution channels and opportunities for our expanding product offerings."

    In connection with the Financing, the Company is issuing, to the
subscribers, warrants, which vest immediately and expire in two years, to
purchase 333,334 common shares at a purchase price of US $3.25 per share. The
Company is also paying finders' fees by issuing warrants, vesting immediately
and expiring in two years, to purchase 23,333 common shares at a purchase
price of US $3.25 per share and paying cash of US $69,930.00.

    About Clearly Canadian

    Based in Vancouver, B.C., Clearly Canadian Beverage Corporation markets
premium alternative beverages, including Clearly Canadian(R) sparkling
flavoured waters and Clearly Canadian dailyEnergy, dailyVitamin and
dailyHydration Natural Enhanced Waters which are distributed in the United
States, Canada and various other countries. Since its inception, the Clearly
Canadian brand has sold over 2 billion bottles worldwide. Clearly Canadian's
recent acquisition of DMR Food Corporation marks the Company's debut into
organic and natural products with a wide range of dried fruit and nut snacks
offerings from Sundridge Farms, Naturalife, Sweet Selections, Simply by Nature
and Glengrove Organics brands. Additional information about Clearly Canadian
may be obtained at www.clearly.ca.

    Forward Looking Statements

    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", "plans", "may", "could", "should",
"anticipates", "likely", "believes", "estimates", "potential", "predicts",
"continue" and words of similar import also identify forward-looking
statements. Forward-looking statements are based on current facts and analysis
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 belief that the Company's cash reserves strengthens its
marketing and acquisition efforts. These assumptions are subject to many
risks, and actual results may differ materially from those currently
anticipated. These risks include, by way of example and not in limitation,
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.




For further information:

For further information: Clearly Canadian Beverage Corporation,
Vancouver Shareholder Relations: Steve Cook, 1-800-983-0993
investor@clearly.ca or Marketing: Carolyn Corcoran, 1-604-742-5318
ccorcoran@clearly.ca

Organization Profile

CLEARLY CANADIAN BEVERAGE CORPORATION

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