Feronia Inc. Demonstrates Commercial Yields from Mechanized Harvesting of Rice

Feronia Inc. ("Feronia" or the "Company") (TSX VENTURE:FRN) is pleased to
announce that it has demonstrated commercial yields during the harvest of a 500
hectares (ha) trial planting of rice at its 10,000 ha arable farming operation
in the Bas-Congo province of the Democratic Republic of the Congo ("DRC").


The Company planted NERICA-4(R) (New Rice for Africa-4), an upland rice variety
suited to African soil and weather conditions, in October 2012. Harvest of this
crop commenced in mid-February 2013 with mechanized harvesting supplemented
through local casual labour.


Results from the trial planting have been positive with in-field yields believed
to be around four tonnes of paddy rice per ha. Mechanized harvesting achieved an
average yield of 3.1 tonnes of paddy rice per ha over the first 46 ha harvested
in February 2013 and 2.5 tonnes per ha from the subsequent 77 ha harvested
mechanically by the end of March 2013. Yield per ha declined as the harvest
progressed due to in-field losses caused by the protracted harvest period and
insufficient harvesting machinery to complete the harvest in the optimum time
period. The Company had ordered a second combine harvester to support the
harvest however, due to shipping delays unrelated to the DRC, it did not arrive
in time to participate in the beginning of the harvest.


The Company expects the rice harvest to be completed by the end of April, 2013. 

Bill Dry, CEO of Feronia, commented: "We have made good progress in establishing
commercially viable rice yields with this harvest and in demonstrating the
benefits in yield which can be achieved by harvesting mechanically. We believe
that the land we are farming will support commercial yielding rice crops and
continue to evaluate how to prudently expand our arable farming operations."


About Feronia Inc.



--  Feronia operates large-scale commercial oil palm plantations and has
    commenced an arable farming operation in the DRC. 
--  The Company, through its subsidiaries, holds concessions on land which
    is owned by the DRC government and on which its oil palm plantation and
    farming operations take place. 
--  The Company uses modern agricultural practices to operate and develop
    its oil palm plantations and arable farming. 
--  Feronia believes in the immense agricultural potential of the DRC for
    high-quality edible oils, oil derivatives and foodstuffs given the
    suitability of its climate and soil and the availability of a skilled
    workforce. 
--  The Company's management team is comprised of experienced administrative
    executives and 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 jobs and economic growth 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" and "will". 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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Feronia Inc.
Ravi Sood
Executive Chairman
[phone]
[e-mail]


Feronia Inc.
Paul Dulieu
Investor Relations Manager
(44)203-327-3033 or (44)7554-521421
[e-mail]
www.feronia.com