AgriMarine Announces $10 Million Loan from Dundee

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED
STATES 


AgriMarine Holdings Inc. (TSX VENTURE:FSH)(FRANKFURT:A2G) (the "Company" or
"AgriMarine") is pleased to announce that Dundee Agricultural Corporation
("Dundee") has agreed, subject to the approval of the TSX Venture Exchange (the
"Exchange"), to advance a loan in the principal amount of $10,000,000 (the
"Loan") to the Company.  


The Loan will bear interest at a rate of 12.68% per annum and will mature one
year from the date of issue.  


Subject to the approval of the Exchange, Dundee may elect to convert any portion
of the principal amount of the Loan into common shares of the Company at a price
of $0.23 per share. Interest is payable upon maturity and accrued interest may
be converted, at Dundee's option, into common shares at the prevailing market
price as per Exchange policies. 


The proceeds of the Loan will be used to fund the acquisition of all of the
outstanding shares of West Coast Fishculture (Lois Lake) Ltd. and West Coast
Fishculture Ltd. (as disclosed in AgriMarine's news release dated September 6,
2013). The proceeds will also be used for the deployment of AgriMarine
System(TM) tanks, working capital and general and administrative expenses. 


About AgriMarine Holdings Inc.

Canadian-based AgriMarine has developed proprietary aquaculture technology that
facilitates the farming of fish in a more productive and environmentally
friendly manner. The Company's mission is to build a global portfolio of fin
fish farms that produce sustainable seafood products such as salmon and trout. 


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 news release. 


Forward-Looking Information 

Information set forth in this news release may involve forward-looking
statements. Forward-looking statements are statements that relate to future, not
past, events. In this context, forward-looking statements often address a
company's expected future business and financial performance, and often contain
words such as "anticipate", "believe", "plan", "estimate", "expect", and
"intend", statements that an action or event "may", "might", "could", "should",
or "will" be taken or occur, or other similar expressions. By their nature,
forward-looking statements involve known and unknown risks, uncertainties and
other factors which may cause our actual results, performance or achievements,
or other future events, to be materially different from any future results,
performance or achievements expressed or implied by such forward-looking
statements. Such factors include, among others, the following risks: risks
associated with marketing and sale of securities; the need for additional
financing; reliance on key personnel; the potential for conflicts of interest
among certain officers or directors with certain other projects; and the
volatility of common share price and volume. Forward-looking statements are made
based on management's beliefs, estimates and opinions on the date that
statements are made and the Company undertakes no obligation to update
forward-looking statements if these beliefs, estimates and opinions or other
circumstances should change. Investors are cautioned against attributing undue
certainty to forward-looking statements.


THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS NEWS RELEASE REPRESENTS THE
EXPECTATIONS OF THE COMPANY AS OF THE DATE OF THIS NEWS RELEASE AND,
ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE
UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS
INFORMATION AS OF ANY OTHER DATE. WHILE THE COMPANY MAY ELECT TO, IT DOES NOT
UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME EXCEPT AS REQUIRED
IN ACCORDANCE WITH APPLICABLE SECURITIES LEGISLATION. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
AgriMarine Holdings Inc.
Sean Wilton
President and CEO
[e-mail]


AgriMarine Holdings Inc.
Alexia Helgason
Manager, Corporate Communications and Marketing
[e-mail]


AgriMarine Holdings Inc.
1218 - 1030 West Georgia Street
Vancouver, B.C., V6E 2Y3
[phone]
www.agrimarine.com