Feronia Inc. Provides Update on DRC Agriculture Law

Feronia Inc. ("Feronia" or the "Company") (TSX VENTURE:FRN) today provided an
update regarding the new law "Loi Portant Principes Fondamentaux Relatifs a
L'Agriculture" (the "Agriculture Law") promulgated by the Government of the
Democratic Republic of the Congo (the "DRC") on Dec 24, 2011 and in effect as of
June 24, 2012. Detailed disclosure regarding the Agriculture Law was provided
most recently by the Company in its Management's Discussion and Analysis for the
interim period ended March 31, 2013.


According to the Agriculture Law, the date of compliance with its provisions is
June 24, 2013. As previously reported, the Company has been and continues to be
involved in discussions with various levels of government in the DRC regarding
the interpretation of the Agriculture Law and its application to the Company's
concessions. It is not yet known whether Article 16, which purports to limit the
rights of foreign corporations to farmland in the DRC, is intended to apply to
existing agricultural concessions in the DRC such as those held by the Company
or only to concessions granted by the DRC government after the enactment of the
Agriculture Law.


Also as previously reported, the Company is aware of various reports suggesting
that proposals to amend the Agriculture Law have been tabled to the DRC
parliament. However, as the legislation has not been amended as of the
compliance date, management of the Company has evaluated various options to
allow the Company to comply with the Agriculture Law in the event that it is not
amended or it is interpreted in a manner adverse to the Company's interests. At
this time, management has determined that it is in the best interest of the
Company to take no action. 


The Company will provide shareholders with further updates as relevant
information becomes available.


About Feronia Inc.



--  Feronia operates large-scale commercial oil palm plantations and has
    commenced an arable farming operation in the DRC. 
--  The Company, through its subsidiaries, holds concessions on land which
    is owned by the DRC government and on which its oil palm plantation and
    farming operations take place. 
--  The Company uses modern agricultural practices to operate and develop
    its oil palm plantations and arable farming. Feronia believes in the
    immense agricultural potential of the DRC for high-quality edible oils,
    oil derivatives and foodstuffs given the suitability of its climate and
    soil and the availability of a skilled workforce. 
--  The Company's management team is comprised of experienced business
    administrators and 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 jobs and economic growth 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", "will" and include without limitation, statements regarding
the Agriculture Law. 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, the legislative process in the DRC and
risks related to foreign operations (including various political, economic and
other risks and uncertainties). 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.


Neither the TSX Venture Exchange nor its regulation services provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Feronia Inc.
Ravi Sood
Chairman
(647) 987-7663
Ravi.Sood@feronia.com
www.feronia.com
Feronia (TSXV:FRN)
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