Mr. Sean Wilton reports

AGRIMARINE HOLDINGS INC. COMPLETES GOING PRIVATE TRANSACTION WITH DUNDEE AGRICULTURAL CORPORATION

Further to a news release dated April 2, 2015, effective May 21, 2015, AgriMarine Holdings Inc. has completed an amalgamation with a wholly owned subsidiary (Newco) of Dundee Agricultural Corp. (DAC), pursuant to an amalgamation agreement dated April 2, 2015, to complete a going-private transaction. The transaction was approved by the shareholders of AgriMarine at a special meeting held on May 19, 2015. The company resulting from the amalgamation is named AgriMarine Holdings Inc. (Amalco).

Under the agreement, each common share of AgriMarine owned by shareholders other than DAC and its parent company, Dundee Corp., and affiliates of Dundee, was converted into one redeemable preference share of Amalco. Each redeemable preference share was then redeemed by Amalco on May 22, 2015, for three cents in cash; each common share of AgriMarine owned by DAC and Dundee was converted into one common share of Amalco; and each common share of Newco was converted into one common share of Amalco. As a result, upon completion of the amalgamation and the subsequent redemption by Amalco of the outstanding redeemable preference shares, Amalco became a private, wholly owned subsidiary of Dundee.

Amalco has applied to delist its common shares from the Canadian Securities Exchange, and it is expected that Amalco will be delisted from the Canadian Securities Exchange from the close of markets on May 22, 2015. In connection with the amalgamation and the transaction, the common shares of AgriMarine will be delisted from the Canadian Securities Exchange, and AgriMarine will cease to be a reporting issuer. Once delisted, Amalco will take the steps necessary to cease to be a reporting issuer under applicable securities laws. Copies of the agreement and certain related documents is available on SEDAR.

We seek Safe Harbor.