Committed To Sustainability

FERONIA INC. ANNOUNCES CHANGE OF AUDITOR

21-03-2012

TORONTO, ONTARIO--(Marketwire - March 21, 2012) - Feronia Inc. ("Feronia" or the "Company") (TSX VENTURE:FRN) announces that the board of directors of the Company has appointed PricewaterhouseCoopers LLP as Feronia's new auditors, replacing McGovern, Hurley, Cunningham, LLP. The Company has filed a Notice of Change of Auditor in respect of this change under its profile on SEDAR at www.sedar.com.

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.

Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

FOR FURTHER INFORMATION PLEASE CONTACT:
        Feronia Inc.
        Ravi Sood
        Chairman
        (416) 907-2026
        Ravi.Sood@feronia.com

        Feronia Inc.
        Bill Dry
        CEO
        44 (0) 7887 525 046
        Bill.Dry@feronia.com
        www.feronia.com

Source: Feronia Inc.