AgriMarine Appoints Chief Operating Officer to Lead Expansion in China

AgriMarine Holdings Inc. (TSX VENTURE:FSH)(OTCQX:AGMHF)(FRANKFURT:A2G) (the
"Company" or "AgriMarine"), the leader in floating closed containment clean
technology for sustainable aquaculture and commercial salmon producer in Canada
and China, is pleased to announce the appointments of Ms. Lily Gao as Chief
Operating Officer (China) and Mr. Josh McKibben (Hong Kong) as General Manager
of Farm Operations, effective immediately.


As a qualified lawyer in China, Ms. Gao has extensive experience working for
foreign-based, international law firms in the areas of investment, M&As,
commercial transactions, business structuring and labour issues. Ms. Gao has
expertise in the structuring of WOFE, FICE and joint ventures as well as
prospectus preparation and due diligence for listings on the HKEX. Ms. Gao holds
a Law Degree from Tsinghua University, School of Law, as well as a Bachelor of
Economics Degree from Shandong University of Finance. Ms. Gao will lead the
Company's growth strategy in China and will oversee all business units in Asia.


AgriMarine has also appointed Mr. Josh McKibben as General Manager of Farm
Operations for China. Mr. McKibben brings significant practical aquaculture
experience to AgriMarine, having worked in the salmon farming industry for over
12 years and managed marine aquaculture projects in Australia, Hong Kong and
Panama.


In addition, the Company recently established a wholly-owned subsidiary based in
Hong Kong under the name AgriMarine (Asia) Limited, to pursue regional business
opportunities.


Company CEO Richard Buchanan commented, "We are very pleased to welcome Lily and
Josh to the team. The appointments are an important step in the growth of our
management team in China who will carry out the expansion of our business in the
near future." Mr. Buchanan added, "AgriMarine is demonstrating the environmental
and economic performance advantages of our proprietary clean technology by
raising crops of Pacific salmon and Salmon Trout in commercial quantities at our
farms in China and Canada."


About AgriMarine Holdings Inc.

Canadian-based AgriMarine is an aquaculture technology company engaged in the
development, commercialization and licensing of proprietary floating solid-wall
closed containment tank systems for salmon and finfish farming. The Company's
clean technology is demonstrating economic and sustainability advantages in its
own farms in Canada and China, as well as commercial scalability for hatchery
and full grow-out applications. The AgriMarine System(TM) creates an optimal
fish rearing environment, addresses sustainability issues in finfish aquaculture
and can be applied worldwide in a variety of water bodies and climates.


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