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Diamond Estates Wines & Spirits Ltd.: Diamond Estates Wines & Spirits Reports Fiscal 2021 Financial Results Company has successfully adapted to changing consumption patterns Management focus is on driving brand performance, optimizing the financial position, and strengthening the balance sheet Niagara-on-the-Lake, Ontario (Newsfile Corp. - July 22, 2021) - Diamond Estates Wines & Spirits Inc. (TSXV: DWS) ( Diamond Estates or the Company ) today announced its financial results for the three and 12-month periods ended March 31, 2021 ( Q4 2021 and FY 2021 respectively). FY 2021 Summary: We are seeing new opportunities both domestically and internationally in the aftermath of the COVID-19 pandemic that has caused significant disruption to our industry, said Murray Souter, President and CEO. Consumer buying patterns have changed, with greater demand for value-priced wines and recognized brands, such as those offered through both our winery and agency divisions. We are seeing

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