NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S.

Feronia Inc. ("Feronia" or the "Company") (TSX VENTURE:FRN) today announced it
has commenced an offering of units of the Company (the "Units"). Each Unit is
comprised of one common share in the capital of the Company and one-half of one
common share purchase warrant (each whole warrant, a "Warrant"). The final size
and other terms of the offering, including the number of Units to be sold, the
price per Unit and the exercise price of the Warrants, will be determined after
completion of marketing activities and is subject to prevailing market
conditions. The offering is being made on a commercially reasonable efforts
basis by way of a short form prospectus offering in all provinces of Canada
other than Quebec through Wellington West Capital Markets Inc. ("Wellington
West") and on a private placement basis in the United States and internationally
pursuant to available exemptions through Wellington West and Renaissance Capital
(together, the "Joint Bookrunners"). The Company intends to use the net proceeds
from the offering to expand its oil palm operations and its arable operations
and for general corporate purposes. A copy of the preliminary short form
prospectus (the "Prospectus") relating to the offering has been filed on SEDAR.


The Company also announced the appointment of Danesh Varma as the new Chief
Financial Officer of the Company. James Siggs, Chief Executive Officer of
Feronia said: "We are expanding both our oil palm plantations and arable farming
operations. To facilitate this growth and anticipated future expansion, we are
pleased to welcome Mr. Varma as our new Chief Financial Officer."


Mr. Varma (FCA, ATII) will be responsible for overseeing the second growth phase
in the Company's development and expansion plans. Mr. Varma has over 30 years of
experience in the international finance and mining sectors. Mr. Varma was
formerly President and Managing Director of American Resource Corporation
Limited, Dundee Bancorp, Dundee Investment Management and Research Ltd. and
Dundee Mutual Funds India, in addition to holding the post of director and Vice
President of the Dundee Bank Cayman. He was formerly a director of Northgate
Exploration Limited and Westfield Minerals Limited.


Feronia would like to thank its outgoing Chief Financial Officer, Ms. Georgie
Cotton, for her contributions to the Company. Ms. Cotton will act as a
consultant to Feronia in order to facilitate the changeover.


About Feronia Inc.:

Feronia Inc. is a large-scale commercial farmland and plantation operator in the
Democratic Republic of the Congo ("DRC"). The Company uses modern agricultural
practices to operate and develop its oil palm plantations and arable farming
business division. Feronia believes in the immense agricultural potential of the
DRC for high-quality foodstuffs and edible oils given its ideal climate,
excellent soil and highly skilled and experienced workforce. Feronia's
management team is comprised of senior agriculturalists with extensive
experience in managing both plantations and large-scale mechanized farming
operations in emerging markets. Feronia is committed to sustainable agriculture,
environmental protection and providing support for local communities.


This news release does not constitute an offer to sell or a solicitation of an
offer to buy any of the securities referred to herein in the United States or in
any jurisdiction where such offer or sale would be unlawful. The securities
referred to herein have not been and will not be registered under the United
States Securities Act of 1933, as amended (the "U.S. Securities Act") or any
state securities laws and may not be offered or sold within the United States or
to or for the account or benefit of a "U.S. person" (as defined in Regulation S
under the U.S. Securities Act) absent registration or an applicable exemption
from the registration requirements of the U.S. Securities Act. No public
offering of securities is being made in the United States.


Nothing in this announcement constitutes an offer of securities for sale in any
jurisdiction where it is unlawful to do so.


Cautionary Notes

Certain statements contained in this press release, the Prospectus and documents
incorporated by reference in the Prospectus constitute "forward-looking
statements". All statements other than statements of historical fact contained
in this press release, the Prospectus and documents incorporated by reference in
the Prospectus, including, without limitation, those regarding the Company's
future financial position and results of operations, strategy, plans,
objectives, goals and targets, future developments in the markets where the
Company participates or is seeking to participate, and any statements preceded
by, followed by or that include the words "believe", "expect", "aim", "intend",
"plan", "continue", "will", "may", "would", "anticipate", "estimate",
"forecast", "predict", "project", "seek", "should" or similar expressions or the
negative thereof, are forward-looking statements. These statements are not
historical facts but instead represent only the Company's expectations,
estimates and projections regarding future events. These statements are not
guarantees of future performance and involve assumptions, risks and
uncertainties that are difficult to predict. Therefore, actual results may
differ materially from what is expressed, implied or forecasted in such
forward-looking statements.


Additional factors that could cause actual results, performance or achievements
to differ materially include, but are not limited to, those discussed under
"Risk Factors" in the Prospectus and documents incorporated by reference in the
Prospectus. All of the forward-looking statements made in this press release,
the Prospectus and documents incorporated by reference in the Prospectus are
qualified by these cautionary statements, and there can be no assurance that the
actual results or developments will be realized or, even if substantially
realized, that they will have the expected consequences to, or effects on, the
Company. Investors are cautioned not to put undue reliance on forward-looking
information. The forward- looking statements are made as of the date hereof and
the Company assumes no obligation to update or revise them to reflect subsequent
information, events or circumstances or otherwise, except as required by law.


The forward-looking statements in this press release, the Prospectus and
documents incorporated by reference in the Prospectus are based on numerous
assumptions regarding the Company's present and future business strategies and
the environment in which the Company will operate in the future, including
assumptions regarding expected yields, future prices, business and operating
strategies, and the Company's ability to operate its production facilities and
plantations on a profitable basis.


Some of the risks which could affect future results and could cause results to
differ materially from those expressed in the forward-looking statements
include: risks related to foreign operations (including various political,
economic and other risks and uncertainties), termination or non-renewal of
concession rights or expropriation of property rights, political instability and
bureaucracy, limited operating history, lack of profitability, lack of
infrastructure in the DRC, high inflation rates, limited availability of debt
financing in the DRC, fluctuations in currency exchange rates, competition from
other businesses, reliance on various factors (including local labour,
importation of machinery and other key items, business relationships, and two
refining factories), a shift in commodity trends and demands, vulnerability to
fluctuations in the world market, the lack of availability of qualified
management personnel and stock market volatility.


The distribution of this announcement in certain jurisdictions may be restricted
by law. Persons into whose possession this announcement comes are required by
each of the Company and the Joint Bookrunners to inform themselves about, and to
observe, any such restrictions.
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