SLEEMAN BREWERY’S 4TH QUARTER RESULTS: “CHALLENGING.”

John Sleeman, Chairman and CEO of Sleeman, announced: "The fourth quarter of 2005 was a very challenging period for Sleeman due to the intense price competition the Company faced in all of its key Canadian markets, especially Quebec. Our volumes and market share held up quite well in this environment.” In order to reduce the company’s costs, 40 full time positions will be terminated and Ontario, Quebec and Maritimes businesses will be consolidated under Dan Fox, Managing Director. Mr. Sleeman