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The awards are the latest recognition for Corus Estates +
Vineyards, which produces several hand crafted boutique wines
exclusively from its premium vineyards in Washington, Oregon and
Idaho.

The forward-looking statements are based on our beliefs,
assumptions and expectations of our future performance, taking into
account all information currently available to us.

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"We are very pleased with the addition of Walt to our Board and
Andy to our management team," commented VWT's CEO Joe Ciatti, "both
add significant value to our strategic vision of the role VWT plays in
the wine industry. to focus solely on the wine grape industry.

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Zefina sources 100% of its grapes the Alder Ridge Vineyard,
a sprawling 1400-hundred-acre vineyard set atop a series of arid,
sparsely vegetated ridges that shoot up nearly 1000 feet at their
highest point above the Columbia River below.S. and Canada.

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"We submitted three wines, and came home with three medals,
including a best of class," said Ken McCabe, president of Corus
Estates + Vineyards. Klenz served as President and Chief Executive Officer of
Beringer Wine Estates Holdings, Inc.

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Business Editors/Wine Writers

SEATTLE----Zefina Winery today
announced that its 2003 Serience White from the Columbia Valley was
chosen as "Best of Class" and won a Gold Medal at the 2005 San Diego
International Wine Competition. These beliefs,
assumptions and expectations are subject to risks and uncertainties
and can change as a result of many possible events or factors, not all
of which are known to us.

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2003 Zefina Serience White Wins Best of Class and Gold Medal at San Diego International Wine Competition; Two other Zefina wines win Bronze Medals at Prestigio

as well. In some cases, you can identify forward-looking statements by
the use of forward-looking terminology such as "believes ," "expects,"
"may," "will," "would," "could," "should," "seeks," "approximately,"
"intends," "plans," "projects," "estimates" or "anticipates" or the
negative of these words and phrases or similar words or phrases.
Statements regarding the following subjects may be impacted by a
number of risks and uncertainties:

our business and investment strategy;

our projected results of operations;

completion of any pending acquisitions;

our ability to manage our anticipated growth;

our ability to obtain future financing arrangements;

our estimates relating to, and our ability to make, future
distributions;

our understanding of our competition and our ability to
compete effectively;

market and industry trends in the United States, and
particularly in the State of California;

projected capital and operating expenditures;

state of the wine industry, of which vineyards are a critical
part;

availability and creditworthiness of current and prospective
tenants;

interest rates;

lease rates and terms; and

our qualification as a REIT.

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It floods the mouth with layers of apple, pineapple , and
passion fruit which is followed by a ripe lingering finish and crisp
acidity. from 1990 to 2000 and as Managing
Director of Beringer Blass Wine Estates from 2001 to 2004.

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The wine was 100 percent barrel fermented in two to three
year old oak for seven months.

winegrowers plasmopara

Business Editors/Wine Writers

SAN RAFAEL, Calif.

Developing, growing, studying grape culture

vinification variation

"

About Zefina

Zefina Winery was founded in 2001, and specializes in varietals
that are difficult to find in Washington, such as Zinfandel,
Sangiovese (blended with 20% Barbera), Rose (a blend of Grenache ,
Syrah and Viognier), Serience Red (a blend of Grenache, Syrah,
Counoise and Mourvedre) and Serience White (a blend of Viognier and
Roussane).

This press release contains various "forward-looking statements.

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Just last month, the company's Sawtooth and Battle Creek
wineries were awarded Gold Medals from the Dallas Morning News
competition.

"
Forward-looking statements relate to expectations , beliefs,
projections, future plans and strategies, anticipated events or trends
and similar expressions concerning matters that are not historical
facts.

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CEV is headquartered in Seattle with offices in
Sunnyside, Wash.
Mr. Bledsoe, VWT's Senior Vice President of Asset Management,
served in various positions at the Robert Mondavi Corporation and its
affiliates, including as a Research Viticulturist , Director of
Research + Quality Enhancement, Director of Grower Relations and
Research, and ultimately as Vice President, Winegrowing.

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David Lake, MW, winemaker at Washington's Columbia
Winery and long considered one of the pioneers of fine wines in the
Pacific Northwest, served as Chief Judge while Robert Whitley, whose
Wine Talk column is nationally syndicated by the Copley News Service,
served as Director. He has
served as a director of Columbia Sportswear Company since 2000 and as
a director of America West Holdings since 1998.

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Only 1,250 cases were produced
beginning in September 2004.

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Two other Zefina wines, the 2001
Serience Red and 2002 Zinfandel won bronze medals.
Mr.

vinification agrochemical

----Vintage Wine
Trust (VWT), the only REIT in the United States focusing exclusively
on the wine and vineyard industry, today announced the addition of
Walter Klenz to its Board of Directors and Andrew Bledsoe to its
senior management team.

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The competition is in its 22nd year and featured more than 2,500
different wines.

About Corus Estates + Vineyards

Founded in 1998, Corus Estates and Vineyards is a family-owned
producer of premium wines exclusively from the celebrated wine-growing
regions of the Northwest.

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"It's great to receive such positive recognition
from such a prestigious event.

Vintage Wine Trust Adds to Senior Management Team; Walter Klenz and Andrew Bledsoe Join VWT

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He is past Chairman of
the California Wine Institute and past President of the Napa Valley
Vintners Association."
Vintage Wine Trust, headquartered in San Rafael, California is the
first REIT in the U. VWT
owns wine grape vineyards, and intends to acquire additional vineyards
and other real estate assets related to the wine industry that are,
and will be net leased to branded wineries, bulk wine producers and
independent grape growers primarily in the State of California, but
also in other wine grape growing areas in the U.

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It owns and operates Sawtooth Winery
(Idaho), Zefina , Alder Ridge and Six Prong (Washington) and Battle
Creek (Oregon). If a change occurs, our business , financial
condition, liquidity and results of operations may vary materially
from those expressed in our forward-looking statements.

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Hand crafted by winemaker Robert Chowanietz and consulting
winemaker Charlie Hoppes, the 2003 Zefina Serience White is remarkable
for its intense aromas of wildflowers , honeysuckle, tropical fruits
and honey.
All three wines were made from grapes grown at Alder Ridge
Vineyard, located in the Horse Heaven Hills area in the heart of
Washington state's famed Columbia Valley winemaking region.