Ten Peaks Coffee Company Inc. Announces Closing of $17.6 Million Bought Deal Financing


BURNABY, BRITISH COLUMBIA--(Marketwired - July 28, 2015) -

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Attention: Business/Financial Editors

Ten Peaks Coffee Company Inc. (TSX:TPK) (the "Company" or "Ten Peaks") is pleased to announce the closing of the previously announced bought deal offering of 2,000,000 common shares ("Shares") of the Company, at a price of $8.80 per Share for gross proceeds of approximately $17.6 million. The offering was completed through a syndicate of underwriters led by Cormark Securities Inc. and including CIBC World Markets Inc. and PI Financial Corp. (the "Underwriters").

The Company has granted the Underwriters an option ("Over-Allotment Option") to purchase up to an additional 300,000 Shares from the treasury of the Company at the offering price exercisable at any time up to 30 days following July 28, 2015, for market stabilization purposes and to cover over-allotments, if any.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any securities in the United States. The Shares have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and such Shares may not be offered or sold within the United States absent U.S. registration or an applicable exemption from U.S. registration requirements.

Company Profile

Ten Peaks is a publicly traded company that owns all of the interests of the Swiss Water Decaffeinated Coffee Company Inc. ("SWDCC"), a premium green coffee decaffeinator located in Burnaby, BC. It also owns and operates Seaforth Supply Chain Solutions Inc. ("Seaforth"), a green coffee handling and storage business located in Metro Vancouver.

About SWDCC

SWDCC employs the proprietary SWISS WATER® Process to decaffeinate green coffee without the use of chemicals, leveraging science-based systems and controls to produce coffee that is 99.9% caffeine free. The SWISS WATER® Process is a 100% chemical free water process for coffee decaffeination, as well as the world's only consumer-branded decaffeination process. It is certified organic by the Organic Crop Improvement Association.

SWISS WATER® Process decaffeinated green coffees are sold to many of North America's leading specialty roaster retailers, specialty coffee importers and commercial coffee roasters. SWDCC also sells coffees internationally through regional distributors.

About Seaforth

Seaforth provides a complete range of green coffee logistics services including devanning coffee received from origin; inspecting, weighing and sampling coffees; and storing, handling and preparing green coffee for outbound shipments. Seaforth's warehouse and handling operation is certified organic by Ecocert Canada.

Forward-Looking Statements

Certain statements in this press release may constitute "forward-looking" statements which involve known and unknown risks, uncertainties and other factors which may cause the actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by such forward-looking statements. When used in this press release, such statements may include such words as "may", "will", "expect", "believe", "plan" and other similar terminology. These statements reflect management's current expectations regarding future events and operating performance, as well as management's current estimates, but which are based on numerous assumptions and may prove to be incorrect. These statements are neither promises nor guarantees, but involve known and unknown risks and uncertainties. Examples of such statements include, but are not limited to, statements concerning the exercise of the Over-Allotment Option.

The forward-looking statements and financial outlook information contained herein are made as of the date of this press release and are expressly qualified in their entirety by this cautionary statement. Except to the extent required by applicable securities law, Ten Peaks Coffee Company Inc. undertakes no obligation to publicly update or revise any such statements to reflect any change in management's expectations or in events, conditions, or circumstances on which any such statements may be based, or that may affect the likelihood that actual results will differ from those described herein.

Contact Information:

Ten Peaks Coffee Company Inc.
Sherry Tryssenaar
Chief Financial Officer
604.444.8780
sherry.tryssenaar@tenpeakscoffee.ca
www.tenpeakscoffee.ca