AgriMarine Signs Share Purchase Agreement for Transaction with West Coast Fishculture

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Further to its news release dated September 6, 2013, AgriMarine Holdings Inc.
(TSX VENTURE:FSH)(FRANKFURT:A2G) (the "Company" or "AgriMarine") is pleased to
announce that its subsidiary, AgriMarine Industries Inc., has executed a
definitive Share Purchase Agreement (the "Agreement") with the shareholders of
West Coast Fishculture (Lois Lake) Ltd. and West Coast Fishculture Ltd.
(collectively, "WCFC"), a British Columbia-based steelhead producer, for the
acquisition of all the issued and outstanding shares of WCFC (the
"Acquisition"). The cash purchase price for the Acquisition is CAD $5.2 Million
dollars, subject to post-closing adjustments related to the calculation of
WCFC's biological inventory and other items.


WCFC is a private company incorporated under the laws of British Columbia whose
assets include fish inventory, hatchery, and farm infrastructure in Lois Lake,
near the city of Powell River, British Columbia. The founding WCFC management
team will continue to operate the farm. WCFC is the premier supplier of
steelhead trout in the province and its premium Stillwater Steelhead brand is
recognized for its quality and sustainability, and is sold throughout North
America. A longtime proponent of improving fish farming techniques, WCFC
developed one of the first commercial recirculation hatcheries in B.C during the
mid-1990's. WCFC is committed to offering sustainable fish products that adhere
to best practices, as is AgriMarine.


The Acquisition is an arm's-length transaction. No finder's fees have been paid
in connection with the Acquisition. The closing date of the Acquisition is
subject to customary conditions and receipt of all necessary regulatory
approvals by the TSX Venture Exchange. There can be no assurance that the
Acquisition will be completed as proposed or at all.


Separately, the Company advises that it has permanently shut down its research
and demonstration site at Middle Bay, Campbell River. The WCFC site will become
the Company's flagship production site.


"We are enthusiastic about the acquisition of WCFC and the strategic opportunity
it represents as we focus on becoming a global producer of sustainable fin
fish," commented Mr. Sean Wilton, President and CEO of AgriMarine. "Our plan is
to install our proprietary AgriMarine System(TM) rearing tanks at WCFC, where we
will focus on accelerated crop turnover and demonstrate the performance benefits
of our closed containment technology." Mr. Wilton added, "We believe that WCFC's
established steelhead operation, fish inventory, hatchery, and skilled manpower,
combined with AgriMarine's technology, will provide a strong head start to scale
up fish production in British Columbia."


About West Coast Fishculture (Lois Lake) Ltd.

Recognized for sustainability, and family owned and operated since 1973, West
Coast Fishculture (Lois Lake) Ltd. conforms to United Nations Food and
Agriculture Organization's Code of Conduct for Responsible Fisheries. WCFC's
product, Stillwater Steelhead is Ocean Wise(TM) recommended.


About AgriMarine Holdings Inc.

Canadian-based AgriMarine is a producer of sustainable fin fish. The Company
utilizes its proprietary, clean aquaculture technology to create an optimal fish
rearing environment with economic and environmental benefits to meet the growing
demands for healthy and sustainable food sources. The Company's mission is to
build a global portfolio of fish farms utilizing its clean rearing technology.


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
[phone]
[phone] (FAX)
[e-mail]
www.agrimarine.com


AgriMarine Holdings Inc.
Alexia Helgason
Manager, Corporate Communications and Marketing
[phone]
[phone] (FAX)
[e-mail]
www.agrimarine.com