Feronia Inc. Comments on Bloomberg Report

Further to the announcement made by Feronia Inc. ("Feronia" or the "Company")
(TSX VENTURE:FRN) on July 3, 2013 in which it provided an update on the new law
"Loi Portant Principes Fondamentaux Relatifs a L'Agriculture" (the "Agriculture
Law"), the Company wishes to comment on a report published by Bloomberg on July
12 concerning possible changes to the Agriculture Law.


According to the report which quotes directly from the DRC Agriculture Minister,
the Agriculture Law, which purports to limit foreign ownership of agriculture
projects, is being revised as part of a process of "reassuring eventual
investors" as the government looks to encourage investment into the country's
agricultural sector.


The Company has been unable to confirm the contents of this report at this time
and is not aware of any official pronouncements in the DRC in respect of
amendments to the Agriculture Law. Feronia will provide shareholders with
further updates concerning the Agriculture Law 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)
Graphique Historique de l'Action
De Mai 2024 à Juin 2024