Mr. Ravi Sood reports

FERONIA INC. ARABLE FARMING UPDATE

Feronia Inc. has made further progress in its arable farming operation following the recent harvest of a 200-hectare trial rice crop planted in October, 2013.

Results from the trial have been positive with mechanized harvesting achieving an average yield of 2.6 tonnes of paddy rice per hectare over the 200-hectare trial site. This represents a 44-per-cent increase on the yield per hectare achieved during the company's previous large trial planting which was harvested in March, 2013.

During the harvest, the company achieved an average yield of 3.0 tonnes per hectare from four plots, totalling 103 hectares, further demonstrating that commercial yields are achievable. A peak yield of 3.6 tonnes per hectare was achieved but harvesting losses arising from insufficient harvesting capacity resulted in a lower average yield per hectare across the 200-hectare trial.

In total, 532 tonnes of paddy rice was harvested and is now being processed for sale into the domestic market.

A further 200-hectare rice trial has now been planted and will be harvested in June, 2014.

Commenting, Ravi Sood, executive chairman of Feronia, said: "At each stage of our arable farming trials we have made progress, as the increase in average yield achieved across this 200-hectare trial planting confirms.

"The three-tonne-per-hectare yield achieved from over half the trial planting reconfirms our belief that mechanized rice farming in the Democratic Republic of Congo can be commercially viable and we remain focused on increasing plant yields whilst reducing losses currently occurring during the harvest process because of insufficient harvesting capacity.

"We continue to believe in the immense agricultural potential of the DRC and are investigating mechanisms to fund the growth of this operation without diluting shareholders."

We seek Safe Harbor.