Feronia Inc.
TSX VENTURE : FRN

Feronia Inc.

November 30, 2011 17:37 ET

Feronia Inc. Grants Stock Options to Officers and Directors

TORONTO, ONTARIO--(Marketwire - Nov. 30, 2011) - 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.

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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