FRN Feronia Inc

Feronia Inc. ("Feronia" or the "Company") (TSX VENTURE:FRN) today announced that
it has appointed Mr. David Steel as the Chief Financial Officer of the Company.
Mr. Steel was previously the Director of Finance for Misys plc., a multinational
technology business supplying software to the global financial services sector.
He has also served as Group Financial Controller for Fuller, Smith & Turner plc,
an independent brewer and pub company in the United Kingdom. 


Chief Executive Officer, William Dry commented, "Feronia is delighted to have
David on board who comes with an excellent track record of value creation. His
operational management experience and capital markets expertise will help ensure
that Feronia effectively manages its resources and balances growth with
profitability as we execute our growth strategy."


Mr. Steel will be replacing Mr. Danesh Varma as Chief Financial Officer of the
Company. Mr. Varma has agreed to act as a consultant to the Company to assist in
the transition of duties. Mr. Dry expressed his gratitude to Mr. Varma, stating
"On behalf of the Board of Directors and everyone at Feronia, I thank Danesh for
his many contributions and dedication during his time with the Company. We
appreciate his agreement to remain with Feronia through the transition period
and we wish him all the best in his future endeavors."


In connection with Mr. Steel's appointment, he has been granted options to
purchase up to 500,000 common shares of the Company until June 17, 2023 at an
exercise price of $0.12 per share, vesting according to the following schedule:
166,667 shall vest on December 17, 2013, 166,667 shall vest on June 17, 2014 and
166,666 shall vest on June 17, 2015.


About Feronia Inc.



--  Feronia operates large-scale commercial oil palm plantations and has
    commenced an arable farming operation in the Democratic Republic of the
    Congo (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 "anticipates", "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. 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. 


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


Feronia Inc.
Bill Dry
CEO
44 (0) 7887 525 046
Bill.Dry@feronia.com
www.feronia.com

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