AgriMarine Introduces New Tank Design and Secures Manufacturing Agreement With Industry Leader

AgriMarine Holdings Inc. (TSX VENTURE:FSH)(OTCQX:AGMHF)(FRANKFURT:A2G) (the
"Company" or "AgriMarine"), the leader in clean aquaculture technology, is
pleased to announce the implementation of its new tank design for marine
applications. The AgriMarine System(TM) is the Company's proprietary floating
tank technology for fin fish farming, which has been redesigned to better
withstand high-energy marine environments, with enhanced structural strength and
hydro-dynamic performance. The design improvements also include refinements to
the materials composition, enhanced vacuum resin transfer technology and
increased efficiency in waste capture.


The tank parts have also been redesigned to fit into common shipping containers
in order to streamline manufacturing, lower the costs of shipping and expedite
the assembly process. With a more efficient pumping system, the Company has
increased the access to deep water and hydraulic flow. With the intent to expand
into Norway, the tanks are being designed and built to conform to NS94.15
certification standards.


In order to facilitate the manufacturing process, AgriMarine is pleased to
announce that it has negotiated a long-term Manufacturing Agreement with
Washington State-based Janicki Industries Inc. Janicki has produced both tooling
and tank moulds based on AgriMarine's exact design specifications and IP, and
has now concluded the manufacturing phase for the first two tanks incorporating
the new design elements. Janicki has over 20 years of experience in large scale
composite work and in designing precision molds, tooling and fabricating parts
for highly technical equipment for a variety of industries.


By working in collaboration with Janicki in creating economies of scale, the
Company will be able to ramp up manufacturing capabilities and lower the
production costs of the AgriMarine System(TM), thus increasing the Company's
ability to deploy the floating closed containment tank technology into the
rapidly growing international aquaculture industry.


Company CEO, Mr. Richard Buchanan, said, "Signing the Manufacturing Agreement
and establishing a strategic working relationship with Janicki is a major
milestone for the Company. We now have two completed tanks one month ahead of
schedule. We are extremely impressed with the high level of technical expertise
exhibited by the team at Janicki and their willingness to work with us." He
added, "The implementation of our new tank design will further demonstrate the
advantages of our technology in the areas of environmental sustainability, fish
husbandry and improved production performance for salmon farming. Securing a
manufacturing leader for our systems allows the Company to move forward with its
sales and licensing strategy for the AgriMarine System(TM) in Europe and the
Americas."


About Janicki

US-based Janicki Industries is a technical engineering company that creates
custom engineering solutions and manufactures precision composite and metal
tools, prototypes and production parts for transportation, aerospace, space and
defense, marine, alternative energy and other innovative markets throughout the
world (www.janicki.com).


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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