Diamond Estates Wines & Spirits Inc. Announces Reinstatement of Trading on TSX Venture Exchange and New Credit Agreement Amendment with BMO

Niagara-on-the-Lake, Ontario--(Newsfile Corp. - October 16, 2025) - Diamond Estates Wines & Spirits Inc. (TSXV: DWS) ("Diamond Estates" or the "Company") today announced that the TSX Venture Exchange ("TSXV") has accepted the reinstatement of trading in the Company's common shares, effective at market open on or about October 21, 2025 or two business days after the bulletin is issued. As previously disclosed, the trading suspension was imposed due to a delay in the filing of the Company's financial statements. These filings were completed and released over a month ago and the reinstatement will allow investors to once again trade freely in the Company's shares.

Sixth SARCA Amendment with BMO

The Company is also pleased to confirm that it has signed its sixth amendment to its Second Amended and Restated Credit Agreement ("SARCA") with Bank of Montreal ("BMO"), wherein the Company received waivers by BMO of certain defaults under the SARCA, including the fixed charge coverage ratio. This sixth amendment provides Diamond Estates with additional flexibility as it continues to execute on its turnaround plan.

"We are pleased with BMO's ongoing partnership and support," said Andrew Howard, President & CEO of the Company. "This amendment reflects the confidence of our lending partner in the substantial progress we have made and our path forward."

DSU Grants

The Company would also like to announce that on February 12, 2024, it granted a total of 197,222 deferred share units ("DSUs") to certain directors, under the Company's DSU plan.

Shares for Debt Settlement

The Company would also like to announce that a holder of an aggregate of $17,000 in principal amount of the Company's convertible debentures due November 9, 2025 (the "Debentures") previously elected on March 14, 2025 to convert their Debentures, together with accrued but unpaid interest thereon in the amount of $3,982. On March 26, 2025, the Company satisfied its obligations under these Debentures by issuing an aggregate of 70,833 common shares at a price of $0.24 per share in respect of the principal and 23,425 shares at a price of $0.17 per share in respect of the interest.