AgriMarine Completes Share Consolidation

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

AgriMarine Holdings Inc. (the "Company" or "AgriMarine") (TSX VENTURE:FSH)
(FRANKFURT:A2G) (OTCQX:AGMHF) announces that further to its press release dated
April 29, 2013, it has completed the consolidation of its common shares on the
basis on one (1) "new" common share for fifteen (15) "old" common shares (the
"Consolidation") as approved by shareholders at the Company's Annual General and
Special Meeting held on April 26, 2013.


Effective Monday, May 27, 2013, the common shares of the Company will commence
trading on the TSX Venture Exchange under the current stock symbol "FSH" on a
consolidated basis. The new CUSIP/ISIN numbers are 00855M404 and CA00855M4048,
respectively. 


Prior to Consolidation the following securities were issued and outstanding:



--  108,257,197 common shares with no par value 
--  19,807,512 non-listed warrants 
--  3,290,000 share purchase options 



The Consolidation will affect all shareholders uniformly. No fractional shares
will be issued under the Consolidation and any fraction will be rounded to the
nearest whole number. Following Consolidation and subject to rounding,
AgriMarine will have 7,217,146 common shares issued and outstanding. 


All outstanding options and warrants of the Company will be adjusted accordingly
to reflect the Consolidation. The existing warrant certificates will continue to
represent the warrants, as adjusted, and no action is required by warrant
holders. 


Letters of transmittal with respect to the Consolidation will be mailed out to
all registered shareholders by Computershare Trust Company of Canada
("Computershare"), the Company's transfer agent. The letter of transmittal
describes the process by which shareholders may obtain new certificates
representing their consolidated common shares and all registered shareholders of
the Company will be required to send their certificates representing
pre-consolidation Common shares with a properly executed letter of transmittal
to Computershare, in accordance with the instructions provided in the letter of
transmittal. 


Shareholders who hold their shares through a broker or other intermediary and do
not have shares registered in their name will not be required to complete a
letter of transmittal. 


About AgriMarine Holdings Inc. 

Canadian-based AgriMarine has developed innovative aquaculture technology for
farming salmon, trout and other high value fin fish species in closed
containment. The Company utilizes its solid-walled floating tanks to address
sustainability issues in aquaculture, to create an optimal fish rearing
environment with added economic and environmental benefits and to meet consumer
and retailer demands for sustainable fin fish products. The AgriMarine
System(TM) can be applied in warm or cold climate conditions, in oceans,
reservoirs and lakes. 


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]