Feronia Inc.
TSX VENTURE : FRN

Feronia Inc.

January 10, 2011 10:00 ET

Feronia Inc. Continues Expansion Into Arable Farming

TORONTO, ONTARIO--(Marketwire - Jan. 10, 2011) - Feronia Inc. ("Feronia" or the "Company") (TSX VENTURE:FRN) is pleased to announce that it has sown its first crop of edible beans at its 10,000 hectare arable farming operation in Bas Congo province, Democratic Republic of Congo. To date 600 hectares of past- producing farmland have been cleared, 300 hectares plowed, and 17 hectares sown.

"We expect to harvest this crop in March and continue to expand our arable farming operations throughout the year to 1,000 hectares sown in October. Feronia is one of Africa's leading palm oil producers and after 2 years of planning and preparation, we have now formally extended our production operations into arable farming which we plan to expand rapidly in the coming years," said Raymond Batanga, COO Arable Farming of Feronia Inc.

"The DRC has the greatest potential to meet the world's growing food demands and Feronia is working to make this a reality. The world is now facing food prices that exceed the levels reached in 2008 that set off riots around the world. The cost of food has climbed approximately 25 percent from levels in December, 2009 according to FAO figures. In 2008 we faced rapid and unprecedented increases in petroleum, fertilizer and other input prices. These factors have not been the primary drivers of the current dramatic price increases. The current price moves have been driven by supply-side failures and the need to stretch production into increasingly marginal areas in order to meet the world's sharply growing demand. According to the FAO, global food production will have to rise 70 percent by 2050 as the world population expands to a forecast 9.1 billion from a current 6.8 billion," said Mr. James Siggs, CEO of Feronia Inc.

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.

Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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