FRN Feronia Inc

Feronia Inc. ("Feronia" or the "Company") (TSX VENTURE:FRN) is pleased to
announce that it has granted stock options to certain officers and directors of
the Company pursuant to the terms of the Company's stock option plan. Options to
purchase up to 2,140,000 common shares were granted with a ten year term and an
exercise price of $0.25 per share.


A total of 865,000 options have been granted to the new Chief Executive Officer,
Chief Financial Officer and Corporate Secretary of the Company, which options
shall vest according to the following schedule: one-third vest on the date of
grant, one-third vest on the first anniversary of the date of grant and
one-third vest on the second anniversary of the date of grant. 


A total of 1,275,000 options have been granted to directors of the Company in
lieu of cash-based compensation, which options shall vest according to the
following schedule: one-quarter vest on the date of grant and one-quarter vest
every 90 days following the date of grant. In order to minimize cash outlays,
the directors of the Company have elected to continue to forego cash
compensation for their director fees and instead to receive the Black-Scholes
equivalent value in options. This practice has been in place since the Company
was formed. To date, directors have taken no cash compensation for serving as
directors and the weighted-average strike price of the options granted to
directors is $0.404 per share. 


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" 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.

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