Feronia Inc. Starts Sale of Rice Grown by Its Arable Farming Operations

Editors Note: There are two photos associated with this release.

Feronia Inc. (TSX VENTURE:FRN) ("Feronia" or "the Company"), is pleased to
announce that it has commenced sales of rice grown on the Company's arable farm
in the Bas Congo province of the Democratic Republic of the Congo.


Following quality tests, Bralima, Heineken N.V.'s wholly-owned DRC subsidiary,
has agreed to purchase 1,100 tonnes of rice during 2013. The first 50 tonnes of
rice has been delivered with a further 100 tonnes due for shipment before the
end of April. 


Feronia has also commenced selling rice into the local food market through sales
to Ets Kuku, a food wholesaler. The premium grade rice, containing 5% or less
broken grains, is being supplied on a weekly basis in 25kg, Feronia-branded
polypropylene sacks. An initial shipment of eight tonnes has been delivered to
Ets Kuku and a further 23 tonnes is being supplied each month going forward.


Fulfillment of both contracts is expected to be made from existing stocks of
rice accumulated from the Company's trial plantings which were harvested, dried
and subsequently milled by the Company, and from current and expected future
harvests.


The Company now has in place a pricing structure whereby the price it charges
for rice is determined by the quality of the product sold, specifically, the
percentage of broken grains. The prices that the Company is achieving are
consistent with earlier estimates and at a significant premium to global rice
prices. The Company anticipates selling to additional counterparties over the
course of time.


Ravi Sood, Chairman of Feronia Inc. commented: "It is hugely satisfying to
commence sales of our locally-produced rice in the DRC and a massive achievement
to do so just two years after we commenced our arable farming operation. 


"The pricing structure we have in place and the prices we are achieving clearly
demonstrate the substantial local demand for quality rice and the commercially
compelling business opportunity before us. We are in advanced discussions with
other potential buyers in the DRC and believe that Feronia will play a major
role in helping the DRC become self-sufficient in staple foods such as rice."


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. 
--  For more information please see www.feronia.com. 



Cautionary Notes

Except for statements of historical fact contained herein, the information in
this press release constitutes "forward-looking information" within the meaning
of Canadian securities law. Such forward-looking information may be identified
by words such as "plans", "proposes", "estimates", "intends", "expects",
"believes", "may" and "will". There can be no assurance that such statements
will prove to be accurate; actual results and future events could differ
materially from such statements. Factors that could cause actual results to
differ materially include, among others, regulatory risks, risks inherent in
foreign operations, commodity prices, competition and investments having no
history of operations. Most of these factors are outside the control of the
Company. Investors are cautioned not to put undue reliance on forward-looking
information. Except as otherwise required by applicable securities statutes or
regulation, the Company expressly disclaims any intent or obligation to update
publicly forward-looking information, whether as a result of new information,
future events or otherwise.


To view the photos associated with this release, please visit the following links: 

http://www.marketwire.com/library/20130428-Feronia%20Rice%201.jpg

http://www.marketwire.com/library/20130428-Feronia%20Rice%203.jpg

FOR FURTHER INFORMATION PLEASE CONTACT: 
Feronia Inc.
Ravi Sood
Executive Chairman
(416) 907-2026
Ravi.Sood@Feronia.com


Feronia Inc.
Paul Dulieu
Investor Relations Manager
(44)203-327-3033 or (44)7554-521421
Paul.Dulieu@Feronia.com
www.feronia.com
Feronia (TSXV:FRN)
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