News Column

Feronia Inc. Reports 2012 Results

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Cautionary Notes

Except for statements of historical fact contained herein, the information in this press release constitutes "forward-looking information" within the meaning of Canadian securities law. Such forward-looking information may be identified by words such as "anticipates", "plans", "proposes", "estimates", "intends", "expects", "believes", "may", "will" and include without limitation, statements regarding proposed capital expenditure; the Company's plan of operations; and plans regarding sowing rice and replanting oil palms. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from such statements. Factors that could cause actual results to differ materially include, among others: risks related to foreign operations (including various political, economic and other risks and uncertainties), the interpretation and implementation of the Agriculture Law, termination or non-renewal of concession rights or expropriation of property rights, political instability and bureaucracy, limited operating history, lack of profitability, lack of infrastructure in the DRC, high inflation rates, limited availability of debt financing in the DRC, fluctuations in currency exchange rates, competition from other businesses, reliance on various factors (including local labour, importation of machinery and other key items and business relationships), the Company's reliance on one major customer, lower productivity at the Company's plantations and arable farming operations, risks related to the agricultural industry (including adverse weather conditions, shifting weather patterns, and crop failure due to infestations), a shift in commodity trends and demands, vulnerability to fluctuations in the world market, the lack of availability of qualified management personnel and stock market volatility. Most of these factors are outside the control of the Company. Investors are cautioned not to put undue reliance on forward-looking information. Except as otherwise required by applicable securities statutes or regulation, the Company expressly disclaims any intent or obligation to update publicly forward-looking information, whether as a result of new information, future events or otherwise.

Operational Summary and Key Metrics by DivisionPalm Oil OperationsKey Metrics:                                                         Total                  12 months ended Dec. 31,    (as at and for the 12 months                          2012                           ended                                                        Dec. 31)                   Lokutu Yaligimba Boteka       2012       2011       2010                  ------------------------- --------------------------------Immature Hectares Year 0             1,707     1,447    770      3,924      2,110      1,027 Year 1             1,065       545    500      2,110      1,027        713 Year 2               402       320    305      1,027        713      1,328 Year 3               112       420    181        713      1,328        115                  ------------------------- --------------------------------                    3,286     2,732  1,756      7,774      5,178      3,183Producing Hectares 4 - 7 Years        1,024       855    590      2,469      1,026        268 8 - 18 Years         865       661    747      2,273      3,552      4,233 19 - 25 Years      2,920     2,387    164      5,471      5,008      5,332 Over 25 Years          -         -      -          -      3,167      3,505                  ------------------------- --------------------------------                    4,809  3,903(1)  1,501  10,213(2)  12,753(2)  13,338(2)Fruit Production (tonnes)          30,577         -  8,019     38,596     46,632     30,424Oil Produced (tonnes)           5,541         -  1,503      7,044      7,981      4,951Oil Extraction Rate (%)           18.12%        -  18.74%     18.25%     17.11%     16.27%PKO Produced (tonnes)             440         -      -        440         99          -FFB Yield/Ha         6.36         -   5.34       6.11       3.66       2.28FFB Yield/Ha(like- for-like)(3)        6.36         -   5.34       6.11       4.92       3.53Average FFA (%)(4)      -         -      -       2.35       3.90       2.75Operational Roads (Km)                 512       815    252      1,579      1,022        944

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