Feronia Inc. Responds to Uganda News Article; Confirms No Affiliation to Feronia Uganda Limited

TORONTO, ONTARIO--(Marketwire - May 28, 2012) - Feronia Inc. ("Feronia" or the "Company") (TSX VENTURE:FRN) is responding to an article recently published on various Ugandan websites and newspapers relating to the acquisition of land in Uganda by certain companies. The article erroneously states that a company referred to as Feronia Uganda Limited is related to Feronia. Feronia confirms that it has no affiliation or relationship, financial or otherwise, to Feronia Uganda Limited or to any other company or operation in Uganda. Feronia has requested that the author of the article issue a correction for publishing such inaccurate information and may take further action if deemed necessary.

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 may constitute "forward-looking information" within the meaning of Canadian securities law. Such forward-looking information may be identified by words such as "anticipates", "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. 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.