Feronia Inc. Completes Largest Single Rice Planting in DRC

Editors Note: There are two photos associated with this release.

Feronia Inc. ("Feronia" or the "Company") (TSX VENTURE:FRN) today announced that
Feronia PEK SARL, its arable farming division, has completed the planting of
1,200 hectares of rice. 


Feronia Arable holds a 10,000 hectare concession in the Bas-Congo province of
the Democratic Republic of Congo ("DRC"), approximately 200km from both the deep
water ports of Boma and Matadi and the national capital, Kinshasa. The Company
has cleared 2,000 hectares of land and planted NERICA-4 and 7 variety rice on
1,200 hectares using a Weaving Drill. The operations at Feronia Arable are fully
mechanized using John Deere and Massey Ferguson tractors. The soil acidity was
corrected through the application of lime sourced locally and fertilized using
an NPK blend that was imported from Europe. This crop is expected to be
harvested and processed in February, 2012. After the rice is harvested Feronia
Arable anticipates re-planting the land with edible beans with harvesting
anticipated in May, 2012. 


"This is an exciting milestone for Feronia's arable farming operations" said
Feronia COO, Raymond Batanga. "We have proven that we can source all the
necessary inputs and equipment and mobilize the required expertise to implement
large-scale mechanized farming in the DRC. While we had planned to reach 2,000
ha on our first large-scale planting, a delay in the arrival of our large
horsepower tractors meant that our larger drills were not utilized throughout
the entire sowing period and fewer hectares were sown. We are confident that
this will not be an issue in our next rice planting season and are pleased to
have completed the largest single rice planting in DRC - a huge milestone for
Feronia's arable operations."


Feronia CEO Bill Dry added "We are very pleased that the arable farming
operation has succeeded in its primary 2011 objective of sowing a commercial
crop of rice. We will gather valuable data from each successive crop that will
allow us to optimize the performance of the operation over time. Feronia is
positioning itself to increase the scale of the arable farming operations
aggressively once we have achieved sufficient confidence in the operating
performance on a 2,000 hectare unit and thereby significantly de-risked the
expansion." 


The Company is also pleased to welcome Mr. Michael Parker to the senior
management team. Mr. Parker joined the Company as Farm Director in October 2011.
Educated at Harper Adams(UK), Mr. Parker has 30 years of farming experience of
which 22 years have been spent in emerging markets including Saudi Arabia, Oman,
Egypt, Turkey and the United Arab Emirates. He brings the Company vast operating
experience in mechanized arable cropping including rice, barley and maize.


About Feronia Inc. 

Feronia Inc. is a large-scale commercial farmland and plantation operator in the
Democratic Republic of the Congo ("DRC"). The Company uses modern agricultural
practices to operate and develop its oil palm plantations and arable farming
business division. Feronia believes in the immense agricultural potential of the
DRC for high-quality foodstuffs and edible oils given its ideal climate,
excellent soil and highly skilled and experienced workforce. Feronia's
management team is comprised of senior agriculturalists with extensive
experience in managing both plantations and large-scale mechanized farming
operations in emerging markets. Feronia is committed to sustainable agriculture,
environmental protection and providing support for local communities. For more
information please see, www.feronia.com. 


Cautionary Notes 

Except for statements of historical fact contained herein, the information in
this press release constitutes "forward-looking information" within the meaning
of Canadian securities law. Such forward-looking information may be identified
by words such as "plans", "proposes", "estimates", "intends", "expects",
"believes", "may", "will" and include without limitation, statements regarding
the stated use of proceeds; plan of operations and comparative advantages; and
benefits of this investment. There can be no assurance that such statements will
prove to be accurate; actual results and future events could differ materially
from such statements. Factors that could cause actual results to differ
materially include, among others, regulatory risks, risks inherent in foreign
operations, commodity prices, competition, and investments having no history of
operations. Most of these factors are outside the control of the Company.
Investors are cautioned not to put undue reliance on forward-looking
information. Except as otherwise required by applicable securities statutes or
regulation, the Company expressly disclaims any intent or obligation to update
publicly forward-looking information, whether as a result of new information,
future events or otherwise.


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