Alkaline88® Will Be Available in Approximately 1,400 Big Lots Stores

The Alkaline88 1-Liter 12 Pack and 16-Ounce Aluminum Bottle Will Be Sold in Big Lots Stores in 47 States

The Alkaline Water Company Inc. (NASDAQ and CSE: WTER) (the “Company”), the country’s largest independent alkaline water company and the Clean Beverage^® company, announced today that it received purchase orders for its Alkaline88® 1-liter 12 Pack and 16-ounce aluminum bottles from Big Lots.

“We’re pleased to offer two great products to Big Lots shoppers in approximately 1,400 stores throughout the country,” said Frank Lazaran, President and CEO of The Alkaline Water Company. “Our 1-liter 12 pack offers deliciously smooth on-the-go sized bottles by the dozen while our eco-friendly aluminum bottle is infinitely recyclable and provides a crisp, cool option for enjoying Alklaline88.”

Big Lots is an Ohio-based home discount retailer operating in 47 states with approximately 22 million active members in their customer loyalty program. Alkaline88 will ship initial orders at the end of November and expects the products to hit shelves before the end of the year.

“Adding 1,400 new Big Lots locations to Alkaline88’s retail footprint is a big opportunity to attract lots of new Alkaline88 drinkers,” continued Mr. Lazaran. “This is a very significant boost to our brand’s continued growth outside of traditional grocery. Grocery is our strongest channel and, according to Nielsen grocery data for the 52 Weeks ending October 8^th, 2022, Alkaline88® is the 8^th largest value-added water brand and the fastest-growing Alkaline water in the top-ten. We still have significant room for growth there, but we see significant upside in other channels, like specialty retail, where we’ve historically had less distribution. We continue to optimize our production and distribution networks across the country to support strong, efficient rollouts with large retailers like Big Lots.”

About The Alkaline Water Company:

The Alkaline Water Company is the Clean Beverage^® company making a difference in the water you drink and the world we share.

Founded in 2012, The Alkaline Water Company (NASDAQ and CSE: WTER) is headquartered in Scottsdale, Arizona. Its flagship product, Alkaline88®, is a leading premier alkaline water brand available in bulk and single-serve sizes along with eco-friendly aluminum packaging options. With its innovative, state-of-the-art proprietary electrolysis process, Alkaline88® delivers perfect 8.8 pH alkaline drinking water with trace minerals and electrolytes and boasts our trademarked label “Clean Beverage.” 2021, The Alkaline Water Company was pleased to welcome Shaquille O’Neal to its board of advisors and to serve as the celebrity brand ambassador for the Alkaline88^®.

To purchase The Alkaline Water Company’s products online, visit us at www.alkaline88.com.

To learn more about The Alkaline Water Company, please visit www.thealkalinewaterco.com or connect with us on Facebook, Twitter, Instagram, or LinkedIn.

Notice Regarding Forward-Looking Statements:

This news release contains “forward-looking statements.” Statements in this news release that are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations, or intentions regarding the future. Such forward-looking statements include, among other things, that Alkaline88 will ship initial orders at the end of November and expects the products to hit shelves before the end of the year; that adding 1,400 new Big Lots locations to Alkaline88’s retail footprint is a big opportunity to attract lots of new Alkaline88 drinkers; and that the Company still has significant room for growth in grocery, but it sees significant upside in other channels, like specialty retail.

The material assumptions supporting these forward-looking statements include, among others, that the demand for the Company’s products will continue to significantly grow; that the past production capacity of the Company’s co-packing facilities can be maintained or increased; that there will be increased production capacity through implementation of new production facilities, new co-packers and new technology; that there will be an increase in number of products available for sale to retailers and consumers; that there will be an expansion in geographical areas by national retailers carrying the Company’s products; that there will be an expansion into new national and regional grocery retailers; that there will be an expansion into new e-commerce, home delivery, convenience, and healthy food channels; that there will not be interruptions on production of the Company’s products; that there will not be a recall of products due to unintended contamination or other adverse events relating to the Company’s products; and that the Company will be able to obtain additional capital to meet the Company’s growing demand and satisfy the capital expenditure requirements needed to increase production and support sales activity. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, governmental regulations being implemented regarding the production and sale of alkaline water or any other products; additional competitors selling alkaline water and enhanced water products in bulk containers reducing the Company’s sales; the fact that the Company does not own or operate any of its production facilities and that co-packers may not renew current agreements and/or not satisfy increased production quotas; the fact that the Company has a limited number of suppliers of its unique bulk bottles; the potential for supply-chain interruption due to factors beyond the Company’s control; the fact that there may be a recall of products due to unintended contamination; the inherent uncertainties associated with operating as an early stage company; changes in customer demand and the fact that consumers may not embrace enhanced water products as expected or at all; the extent to which the Company is successful in gaining new long-term relationships with new retailers and retaining existing relationships with retailers; the Company’s ability to raise the additional funding that it will need to continue to pursue its business, planned capital expansion and sales activity; and competition in the industry in which the Company operates and market conditions. These forward-looking statements are made as of the date of this news release, and the Company assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements, except as required by applicable law, including the securities laws of the United States and Canada. Although the Company believes that any beliefs, plans, expectations, and intentions contained in this news release are reasonable, there can be no assurance that any such beliefs, plans, expectations, or intentions will prove to be accurate. Readers should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in the reports and other documents the Company files with the SEC, available at www.sec.gov, and on the SEDAR, available at www.sedar.com.

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