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Re: copytech post# 155

Monday, 03/22/2010 9:59:09 AM

Monday, March 22, 2010 9:59:09 AM

Post# of 161
LEARLY CANADIAN MAKES RESTRUCTURING PROPOSAL

VANCOUVER, B.C., March 18, 2010 -- CLEARLY CANADIAN (PK: CCBEF) (the "Company")
On March 17, 2010, the Company filed a Proposal under the Bankruptcy and
Insolvency Act (Canada). This filing, and the Proposal, do not affect the
Company's subsidiaries, DMR Food Corporation ("DMR") and My Organic Baby, Inc.
"(MOB"), including the creditors, trade suppliers and customers of these
subsidiaries. DMR and MOB will continue operations in the normal course.

The purpose of the Proposal is to:

1. Offer unsecured creditors of the Company the option of taking a cash
offer, expected to equate to 25c/$, or to receive a new class of
common shares in the Company; and

2. To cancel all existing classes of shares so that the creditors
electing to be paid by the issuance of shares will be the only
shareholders of the Company. The Company intends to take steps to
cease to be a reporting issuer under the Securities Acts of British
Columbia and Ontario following the Proposal.

The Proposal is subject to approval by the creditors, the court and requires
regulatory approvals. A meeting of creditors has been set for April 1, 2010 to
vote on the Proposal and the Company expects that approvals for the Proposal
could be obtained by the end of April, 2010. The Proposal is supported by all of
the Company's significant, "non-trade" creditors who intend to elect to receive
shares, not cash. If the Proposal is accepted by the Company's creditors and the
court, it is expected that the Company will continue operations in the normal
course.

For further information on the Proposal, please contact the Trustee under the
Proposal, Wolrige Mahon Limited, (604) 682-6414.

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