Mr. Ravi Sood reports

FERONIA INC. ANNOUNCES APPOINTMENT OF XAVIER DE CARNIERE AS CEO

Feronia Inc. has appointed Xavier de Carniere as chief executive officer and a director of the company. Mr. de Carniere's start date with the company will be Jan. 12, 2015.

Mr. de Carniere was previously the chief financial officer of a major palm oil and rubber plantations company with operations in West Africa and Asia. In this role and previous work, Mr. de Carniere has a demonstrated record of delivering results and gained substantial experience in all aspects of the palm oil sector.

Chairman Ravi Sood commented: "The board of directors of Feronia is pleased to welcome Xavier as the company's new CEO. Xavier is a dynamic, highly regarded executive in the industry, and has the passion and determination required to lead Feronia through this period of rapid growth."

Mr. de Carniere stated: "I am honoured and excited to be involved in the rehabilitation and expansion of this unique and historic oil palm plantations company in the Democratic Republic of the Congo. I look forward to working with all stakeholders to see through to fruition Feronia's vision of being a plantation company that operates at the highest levels of productivity while respecting the environment and above all else, our people and communities."

Mr. de Carniere's appointment is subject to the approval of the TSX Venture Exchange.

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