AgriMarine Exports Pacific Salmon Eggs to China

AgriMarine Holdings Inc. (TSX VENTURE:FSH)(OTCQX:AGMHF)(FRANKFURT:A2G) (the
"Company" or "AgriMarine"), a leader in floating solid-wall containment
technology and production for sustainable aquaculture, is pleased to announce
that it has exported 1.5 million Pacific salmon ova to its 100% owned hatchery
in Benxi, China. The ova came from genetic stocks that have been selected for
their high growth performance and are federally-certified and pathogen-free. It
is estimated that the potential value of these fish in China will be over $20
million when they reach market size in 2013 and 2014.


In order to accommodate the Company's largest shipment to date of Canadian
salmon ova, AgriMarine recently completed Phase 2 of its plan to modernize its
hatchery. With the installation of new Recirculating Aquaculture System (RAS)
technology, the Company will be able to expand its smolt production capacity to
5 million annually through greater efficiency in the use of its already
impressive ground water resources. This modernization lays the groundwork for
future increased salmon harvests and puts the Benxi hatchery on par with the
latest hatchery technology anywhere in the world.


"Despite world-wide salmon price volatility in the markets in 2011, we are still
seeing strong demand for our locally produced, fresh and frozen fish products,
which are free of import tariffs, duties and transatlantic transportation
costs," remarked Richard Buchanan, President and CEO of AgriMarine Holdings. "We
have a progressive, planned approach to increase fish production in our Chinese
farms as we focus our efforts into growing distribution channels."


AgriMarine's strategic position in China makes it the leader in local salmon
production. The next salmon harvest is scheduled for Q3, 2012.


About AgriMarine Holdings Inc.

Canadian-based AgriMarine is an aquaculture technology company engaged in the
development, commercialization and licensing of proprietary solid-wall closed
containment systems for the rearing of finfish. The Company utilizes its
innovative, clean technology to rear salmon and trout in its farms in China and
Canada. The AgriMarine System can be applied worldwide in warm or cold climate
conditions, in oceans, reservoirs and lakes. The AgriMarine System addresses
sustainability issues in finfish aquaculture, creates an optimal fish rearing
environment, offers a better farm management system with added environmental
benefits and meets consumer and retailer demands for sustainable aquaculture.


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