Feronia Inc. Issues Common Shares Under Share Purchase Plan

Feronia Inc. ("Feronia" or the "Company") (TSX VENTURE:FRN) today announced that
certain officers and employees of the Company have acquired an aggregate of
94,934 common shares in the capital of the Company (the "Qualifying Shares"), at
a price of $0.075 per share, under the Company's Share Purchase Plan (the
"Plan"). Under the terms of the Plan, each participant is entitled to receive
the matching number of common shares acquired pursuant to the Plan at no cost to
such participant (the "Deferred Matching Shares"). Subject to certain
conditions, such Deferred Matching Shares will be issued to the participants
over a three year period following the date of the purchase of the Qualifying
Shares. As a result, the participants may be issued up to an aggregate of 94,934
Deferred Matching Shares in three equal tranches over a three year period. As
required under the Plan, the Company has also issued an aggregate of 79,471
Deferred Matching Shares to certain officers, directors and employees who
acquired Qualifying Shares in December 2011 and December 2012. Following the
above noted issuance of common shares, the Company has an aggregate of
552,050,512 common shares issued and outstanding.


The board of directors of the Company established the Plan as a long-term
incentive programme designed to improve director, officer and employee
retention, further align the interests of the participants with those of
shareholders, and allow such participants to take part in the long-term success
of the Company. The Plan was approved by shareholders at the annual and special
meeting of the Company on June 17, 2011. 


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.

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
Executive Chairman
[phone]
[e-mail]
www.feronia.com