Dominion Citrus Limited

Dominion Citrus Limited

January 11, 2005 09:28 ET

Dominion Citrus Sells Remaining Stake in Humpty Dumpty


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: DOMINION CITRUS LIMITED

TSX SYMBOL: DMN
TSX SYMBOL: DMN.PR.A

JANUARY 11, 2005 - 09:28 ET

Dominion Citrus Sells Remaining Stake in Humpty Dumpty

TORONTO, ONTARIO--(CCNMatthews - Jan. 11, 2005) - Dominion Citrus
Limited ("Dominion Citrus") (TSX:DMN)(TSX:DMN.PR.A) announces that it
has sold its remaining 170,878 shares of Humpty Dumpty Snack Foods Ltd.
at $2.65 per share through the facilities of the Toronto Stock Exchange.
Proceeds will be used to reduce debt and for general corporate purposes.

The previously announced loss of approximately $837,000 on its
investment in Humpty Dumpty included a provision for the sale of these
remaining shares of Humpty Dumpty. The loss will be recorded in
Dominion's 2004 annual statements.

Forward-Looking Statements

The Company and its representatives periodically make written and oral
statements, including those contained in the Annual Report, which may
pertain to the Company or the environment in which Dominion Citrus
operates. By their nature, forward-looking statements are subject to
risks and uncertainties, which could result in actual performance or
conditions being materially different from anticipated results.

Readers should not place undue reliance on these forward-looking
statements when making decisions, and should consider the date onto
which the statements were made. Except as required by applicable
security law, management disclaims any intention or obligation to
publicly update or revise any forward looking statements, whether as a
result of new information, future events or otherwise.

About Dominion

Dominion is a diversified food company supplying fresh produce, premium
juices, maple syrup and Mediterranean food products to a wide variety of
customers in retail, foodservice and food distribution businesses. The
Company provides procurement, processing, repacking, sorting, grading,
warehousing and distribution services to over 400 customers, with its
major domestic markets being Ontario and Quebec. The Company also
supplies products to customers in the United States and Europe. The
website can be accessed at www.dominioncitrus.com.

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Investors:
    Dominion Citrus Limited
    E. A. Atkinson - VP Finance, CFO & Corporate Secretary
    (416) 521-6288
    or
    Media:
    Dominion Citrus Limited
    J. L. Lavergne - President & CEO
    (416) 521-6289