Press Release

Molson Coors Brewing Company Announces Extension of Exchange Offer for Its 5.00% Senior Notes Due 2015

December 08, 2005

DENVER, Colorado and MONTREAL, Quebec, December 8 – Molson Coors Brewing Company (NYSE; TAP; TSX) today announced that it has extended its offer to exchange CDN$900,000,000 aggregate principal amount of its 5.00% Senior Notes due 2015 (the "Notes"). The Notes were issued by Molson Coors Capital Finance ULC (an indirect wholly-owned subsidiary of Molson Coors Brewing Company) on a private placement basis on September 22, 2005.   By Prospectus filed November 1, 2005 in all Canadian provinces by Molson Coors Capital Finance ULC, Noteholders were offered the ability to exchange their Notes for new notes issued under the Prospectus (the "Offer").   The Offer, previously scheduled to expire at 5:00 p.m., Toronto time, on December 8, 2005, will now expire at 5:00 p.m., Toronto time, on December 13, 2005, unless further extended.

Notes which have been validly tendered to the Offer to date and not withdrawn remain tendered and subject to the Offer. Holders who have already tendered Notes need not take any additional actions in order to tender their Notes.

Noteholders who have questions about the Offer, need help or would like additional copies of the Prospectus and related documents, should contact the exchange agent, The Canada Trust Company, at (416) 308-3825, TD Waterhouse Tower, 79 Wellington Street West, 8th Floor, Toronto, Ontario M5K 1A2.

THIS PRESS RELEASE IS FOR INFORMATIONAL PURPOSES ONLY AND IS NOT AN OFFER TO EXCHANGE ANY NOTES. THE OFFER TO EXCHANGE NOTES IS BEING MADE PURSUANT TO THE PROSPECTUS AND RELATED MATERIALS THAT MOLSON COORS CAPITAL FINANCE ULC SENT TO NOTEHOLDERS AND FILED WITH THE SECURITIES COMMISSIONS (OR SIMILAR REGULATORY AUTHORITIES) OF EACH OF THE PROVINCES OF CANADA ON NOVEMBER 1, 2005. MOLSON COORS BREWING COMPANY ADVISES ALL NOTEHOLDERS TO READ THE PROSPECTUS, BECAUSE IT CONTAINS IMPORTANT INFORMATION, INCLUDING RISK FACTORS AND THE TERMS AND CONDITIONS OF THE OFFER.

Molson Coors Brewing Company is the fifth largest brewer in the world. It brews, markets and sells a portfolio of leading premium quality brands such as Coors Light, Molson Canadian, Molson Dry, Carling, Kaiser, Coors, and Keystone Light. It operates in Canada, through Molson Canada; in the US, through Coors Brewing Company; in the UK, Europe and Asia, through Coors Brewers Limited; and in Brazil, through Cervejarias Kaiser. For more information on Molson Coors Brewing Company, vi sit the company's website, www.molsoncoors.com.

For further information, please contact:

News Media
Sylvia Morin
(514) 590-6345

Investor Relations
Dave Dunnewald
(303) 279-6565

Kevin Caulfield
(303) 277-6894