2001 Press Releases

• November 26, 2001 — MINNEAPOLIS - Founders Food & Firkins Ltd. Continues Expansion Effort Founders Food & Firkins Ltd. (Nasdaq: GCFBU) opened its Granite City Food & Brewery to nearly 1,000 customers on its initial day of operations in Fargo, North Dakota.



• November 12, 2001 — MINNEAPOLIS - Founders Food & Firkins Ltd. Shareholders Re-elect Board Members Founders Food & Firkins Ltd.(Nasdaq: GCFBU) held its annual meeting Wednesday, November 7, 2001. At that meeting, the shareholders re-elected all board members and passed the other proposals brought forth at the meeting.



• October 18, 2001 — MINNEAPOLIS — Granite City Food & Brewery implements its revolutionary new brewing process in conjunction with the mid November 2001 opening of its Fargo, ND location Founders Food & Firkins Ltd., d/b/a Granite City Food & Brewery (Nasdaq: GCFBU) announced the launch of a new patent-pending brewery process that will make micro-brewing for multiple locations more efficient.



• June 12, 2001 - MINNEAPOLIS - Fargo Site in Region's Top Retail and Commercial Area; Restaurant/Micro-Brewery Features Beers Handcrafted by World-Renowned Brewmaster, and Made-from-Scratch Food - Founders Food & Firkins Ltd., (Nasdaq: GCFBU) ("Founders") announced today that construction for the Fargo, North Dakota location of the Company's third Granite City Food & Brewery restaurant and microbrewery is now underway.



• November 1, 2001 - MINNEAPOLIS - Founders Food & Firkins Ltd. Reports Third Quarter 2001 Results — Founders Food & Firkins Ltd.(Nasdaq: GCFBU) today reported the results of operations for the third quarter of 2001. Revenues for the thirteen-week period ended September 30, 2001 totaled $2,217,228, an increase of 107% when compared to the $1,071,136 recorded for the thirteen weeks ended September 24, 2000.