Feronia Inc. Issues Common Shares Under Share Purchase Plan

Feronia Inc. ("Feronia" or the "Company") (TSX VENTURE:FRN) today announced that
certain officers, directors and employees of the Company have acquired an
aggregate of 286,366 common shares in the capital of the Company (the
"Qualifying Shares"), at a price of $0.11 per share, under the Company's Share
Purchase Plan (the "Plan"). Under the terms of the Plan, each participating
officer, director and employee is entitled to receive the matching number of
common shares acquired pursuant to the Plan at no cost to such participant (the
"Deferred Matching Shares"). Subject to certain conditions, such Deferred
Matching Shares will be issued to the participants over a three year period
following the date of the purchase of the Qualifying Shares. As a result, the
participants may be issued up to an aggregate of 286,366 Deferred Matching
Shares in three equal tranches over a three year period. As required under the
Plan, the Company has also issued an aggregate of 47,621 Deferred Matching
Shares to certain officers and directors who acquired Qualifying Shares in
December 2011.


The board of directors of the Company established the Plan as a long-term
incentive programme designed to improve director, officer and employee
retention, further align the interests of the participants with those of
shareholders, and allow such participants to take part in the long-term success
of the Company. The Plan was approved by shareholders at the annual and special
meeting of the Company on June 17, 2011. 


About Feronia Inc. 

Feronia 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.


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