Market Overview

Eastside Reminds Holders of Call for Common Stock Purchase Warrants ("EASTW")

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Beneficial holders of the Common Stock Purchase Warrants are advised
to contact the Company at 971-888-4264 or ROTH ECM at 949-720-5700

Eastside Distilling (NASDAQ:EAST, EASTW)) today issued a reminder to
registered holders of the Common Stock Purchase Warrants ("EASTW") that
they will have until September 10, 2018 to exercise each Common Stock
Purchase Warrant for one share of common stock at a price of $5.40 per
share, which were sold in its public unit offering in August 2017 and
the warrants sold in the note offering between March and June 2018
(collectively, the "Common Stock Purchase Warrants"). Its anticipated
the Common Stock Purchase Warrants will cease to be traded on the NASDAQ
Capital Market at the close of the market on September 10, 2018.

Any Common Stock Purchase Warrants not exercised by the registered
holders by September 10, 2018 will automatically expire at 5:00 p.m.
Pacific time on the last day of the call exercise period, and Eastside
Distilling, Inc. will remit to the registered holders of such expired
Common Stock Purchase Warrants the sum of $0.15 per Common Stock
Purchase Warrant, upon surrender of the warrant certificate representing
such expired Common Stock Purchase Warrants. After expiration of the
call period, registered holders of expired Common Stock Purchase
Warrants will have no rights or privileges with respect to such Common
Stock Purchase Warrants, other than to receive the redemption amount.
The common stock underlying the Common Stock Purchase Warrants is
registered pursuant to a registration statement filed with and declared
effective by the Securities and Exchange Commission.

The Company has engaged Roth Capital Partners LLC ("Roth") to act as its
financial advisor on an exclusive basis, effective August 10, 2018 and
extending to the completion of the Warrant Call on September 10, 2018
(unless extended). The Company will pay Roth a financial advisory fee of
4% of gross proceeds received by the Company from the exercise of Common
Stock Purchase Warrants (including any amount received from exercise of
the underwriter's compensation warrants previously issued to Roth),
provided that, in no event shall Roth's Advisory Fee be less than
$200,000.

The Common Stock Purchase Warrants are eligible to be called for
redemption by Eastside Distilling, Inc. because during each day in the
five consecutive trading day period commencing on June 20, 2018 and
ending on June 26, 2018, the closing sale price of the common stock
exceeded $7.65 per share. The Common Stock Purchase Warrants are
currently exercisable for an aggregate of 1,509,162 shares of common
stock. If all such currently outstanding warrants are exercised within
the call exercise period, then the Company will issue an aggregate of
1,509,162 shares of common stock at $5.40 per share and receive gross
exercise proceeds of approximately $8,149,475. On the other hand, if all
such Common Stock Purchase Warrants are redeemed by the Eastside
Distilling, Inc. pursuant to the notice of redemption, then the Company
will pay to the registered holders of such Common Stock Purchase
Warrants an aggregate of approximately $226,374.

The common stock that was also issued in Eastside Distilling, Inc.'s
public unit offering will remain trading on the NASDAQ Capital Market
under the trading symbol "EAST."

If you are a beneficial holder of the Common Stock Purchase Warrants
subject to the notice of redemption (i.e., your Common Stock
Purchase Warrants are held in a brokerage firm), you are advised to
contact your broker, Lytham Partners, LLC (Eastside Distilling, Inc.'s
investor relations firm) at 602-889-9700, or the Company's Chief
Financial Officer, Steven Shum at 971-888-4264.

This release is neither an offer to sell nor a solicitation of an offer
to buy any securities of Eastside Distilling, Inc.

About Eastside Distilling

Eastside Distilling, Inc. (NASDAQ:EAST) has been producing
high-quality, award-winning craft spirits in Portland, Oregon since
2008. The company is distinguished by its highly decorated product
lineup that includes Burnside Bourbon, West End American Whiskey, Goose
Hollow Reserve, Below Deck Rums, Portland Potato Vodka, Hue-Hue Coffee
Rum and a distinctive line of fruit infused spirits. Eastside Distilling
is majority owner of Big Bottom Distilling (makers of The Ninety One
Gin, Navy Strength Gin and Delta Rye whiskey) and the Redneck Riviera
Whiskey Co. All Eastside, Big Bottom and Redneck Riviera spirits are
crafted from natural ingredients for quality and taste. Eastside's
MotherLode Bottling subsidiary is one of the Northwest's leading
independent spirit bottlers and ready-to-drink canners. For more
information visit: www.eastsidedistilling.com
or follow the company on Twitter
and Facebook.

Important Cautions Regarding Forward-Looking Statements

Certain matters discussed in this press release may be forward-looking
statements. Such matters involve risks and uncertainties that may cause
actual results to differ materially, including the following: changes in
economic conditions; general competitive factors; acceptance of the
Company's products in the market; the Company's success in obtaining new
customers; the Company's success in product development; the Company's
ability to execute its business model and strategic plans; the Company's
success in integrating acquired entities and assets, and all the risks
and related information described from time to time in the Company's
filings with the Securities and Exchange Commission ("SEC"), including
the financial statements and related information contained in the
Company's Annual Report on Form 10-K and interim Quarterly Reports on
Form 10-Q. Examples of forward-looking statements in this release may
include statements related to our strategic focus, product verticals,
anticipated revenue, and profitability. The Company assumes no
obligation to update the cautionary information in this release.

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