Mr. Ravi Sood reports

FERONIA INC. DEMONSTRATES COMMERCIAL YIELDS FROM MECHANIZED HARVESTING OF RICE

Feronia Inc. has demonstrated commercial yields during the harvest of a 500-hectare trial planting of rice at its 10,000-hectare arable farming operation in the Bas Congo province of Congo.

The company planted Nerica-4 (New Rice for Africa-4), an upland rice variety suited to African soil and weather conditions, in October, 2012. Harvest of this crop commenced in mid-February, 2013, with mechanized harvesting supplemented through local casual labour.

Results from the trial planting have been positive with in-field yields believed to be around four tonnes of paddy rice per hectare. Mechanized harvesting achieved an average yield of 3.1 tonnes of paddy rice per hectare over the first 46 hectares harvested in February, 2013, and 2.5 tonnes per hectare from the subsequent 77 hectares harvested mechanically by the end of March, 2013. Yield per hectare declined as the harvest progressed due to in-field losses caused by the protracted harvest period and insufficient harvesting machinery to complete the harvest in the optimum time period. The company had ordered a second combine harvester to support the harvest however, due to shipping delays unrelated to Congo, it did not arrive in time to participate in the beginning of the harvest.

The company expects the rice harvest to be completed by the end of April, 2013.

Bill Dry, chief executive officer of Feronia, commented: "We have made good progress in establishing commercially viable rice yields with this harvest and in demonstrating the benefits in yield which can be achieved by harvesting mechanically. We believe that the land we are farming will support commercial yielding rice crops and continue to evaluate how to prudently expand our arable farming operations."

We seek Safe Harbor.