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Liquor Stores N.A. Ltd. Shareholders Approve All Resolutions at Annual and Special Meeting of Shareholders

EDMONTON, ALBERTA -- (Marketwired) -- 05/14/14 -- Liquor Stores N.A. Ltd. (the "Company" or "Liquor Stores") (TSX: LIQ) held its Annual and Special Meeting of Shareholders on May 13, 2014, in Edmonton. A total of 4,267,983 shares, representing approximately 18.43% of common shares, were represented in person or by proxy at the meeting.

During the regular business proceedings at the meeting, shareholders approved the resolutions below:

1. Fixing Number of Directors

The number of directors was fixed at seven (7) by a show of hands.

2. Election of Directors

The seven nominees set forth in the Liquor Stores' management information circular (the "Circular") dated April 10, 2014 were elected as directors of Liquor Stores by a majority vote cast by ballot. Liquor Stores' shareholders present in person or represented by proxy at the meeting voted as follows:

Nominee                              % of Votes                   % of Votes
                                       Cast For                 Cast Against
                         Votes For    (rounded)     Withheld       (rounded)
Henry Bereznicki         3,897,203       95.06%      202,497           4.94%
Stephen Bebis            3,888,177       94.84%      211,523           5.16%
Gary Collins             3,890,785       94.90%      208,915           5.10%
Jim Dinning              3,889,825       94.88%      209,875           5.12%
Robert S. Green          3,895,049       95.01%      204,651           4.99%
Peter Lynch              3,958,744       96.56%      140,956           3.44%
David Margolus           3,832,388       93.48%      267,312           6.52%

3. Appointment of Auditors

This resolution appointing PricewaterhouseCoopers LLP, Chartered Accountants, to serve as auditors of Liquor Stores until the next annual meeting or until their successor is appointed, at a remuneration to be fixed by the Board of Directors was approved by a show of hands.

4. Approval of the Amended and Restate Incentive Award Plan

This resolution approving the Company's amended and restated incentive award plan was approved by a vote, conducted by ballot as follows:

                                                          % of Votes Cast
                      % of Votes Cast                             Against
Votes For               For (rounded)    Votes Against          (rounded)
3,094,418                       75.48        1,005,282              24.52


The Company operates 242 retail liquor stores in Alberta, British Columbia, Alaska and Kentucky. Liquor Stores' retail brands include: Liquor Depot, Liquor Barn, and Wine and Beyond in Alberta (173 stores); Liquor Depot and Liquor Barn in British Columbia (35 stores); Brown Jug in Alaska (22 stores); and Liquor Barn "The Ultimate Party Source" and Liquor Barn Express in Kentucky (12 stores). The Company's common shares and convertible subordinated debentures trade on the Toronto Stock Exchange under the symbols "LIQ" and "LIQ.DB.A", respectively.

Additional information about Liquor Stores N.A. Ltd. is available at www.sedar.com and the Company's website at www.liquorstoresna.com.

Liquor Stores N.A. Ltd.
David Gordey, CA
Senior Vice President and Chief Financial Officer
(780) 497-3262

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