FSH

AgriMarine Holdings Inc. (TSX VENTURE:FSH)(OTCQX:AGMHF)(FRANKFURT:A2G) (the
"Company" or "AgriMarine"), the leader in clean aquaculture technology, is
pleased to announce that it has entered into an agreement with the Ito-Yokado
grocery retail chain for the supply of locally produced fresh Chinook salmon
from AgriMarine's closed containment freshwater farm in Benxi, China. 


Previous harvests of Steelhead trout were sold through distributors to 5-star
hotels and restaurants however the agreement with Ito-Yokado marks the Company's
debut into the retail market. On August 28th, AgriMarine's salmon will be
available initially at Ya Yun Cun Beijing Huatang Ito-Yokado with in-store
promotions and marketing programs developed in cooperation with AgriMarine's
Beijing sales staff. These programs will involve the branding of the product as
Chinese produced in pristine waters of the northeast regions. The Company plans
to ramp up deliveries to supply all 15 Ito-Yokado retail stores in the near
future.


AgriMarine is the only company that raises salmon in China with floating closed
containment technology. Operational advantages inherent with the AgriMarine
System(TM), including the ability to moderate seasonal temperature extremes,
allow for the production of high quality salmon from reservoirs that can be sold
fresh, within 24 hours of harvest. This is a major consumer advantage over the
imported Atlantic salmon that is currently available in that country.


AgriMarine's CEO Richard Buchanan said, "Ito-Yokado sees the opportunity to
offer a salmon product with improved freshness over imports, to their customers
in Beijing and they are launching our product in one of their largest stores in
a high income community." He added, "Securing this supply contract is a
significant step for the Company. It provides protection against price
fluctuations, brings significant sales and cash flow, and demonstrates our
ability to deliver quality Pacific salmon at competitive prices."


About Ito-Yokado

Ito-Yokado is a Japanese retailer, part of Seven & I Holdings Co. with 174
Ito-Yokado stores operating in Japan. The group has quickly expanded in China
since 1997, where the company now operates 10 stores in Beijing, 5 stores in
Chengdu, Seven-Eleven, Seven & I Restaurants, and plans for further expansion
throughout China.


About AgriMarine Holdings Inc.

Canadian-based AgriMarine is an aquaculture technology company engaged in the
development, commercialization, sales and licensing of proprietary floating
solid-wall closed containment tank systems for salmon and finfish farming. The
Company's clean technology is demonstrating economic and sustainability
advantages in its own farms in Canada and China, as well as commercial
scalability for hatchery and full grow-out applications. The AgriMarine
System(TM) creates an optimal fish rearing environment, addresses sustainability
issues in finfish aquaculture and can be applied worldwide in a variety of water
bodies and climates. 


Forward-Looking Information

Information set forth in this news release may involve forward-looking
statements. Forward-looking statements are statements that relate to future, not
past, events. In this context, forward-looking statements often address a
company's expected future business and financial performance, and often contain
words such as "anticipate", "believe", "plan", "estimate", "expect", and
"intend", statements that an action or event "may", "might", "could", "should",
or "will" be taken or occur, or other similar expressions. By their nature,
forward-looking statements involve known and unknown risks, uncertainties and
other factors which may cause our actual results, performance or achievements,
or other future events, to be materially different from any future results,
performance or achievements expressed or implied by such forward-looking
statements. Such factors include, among others, the following risks: risks
associated with marketing and sale of securities; the need for additional
financing; reliance on key personnel; the potential for conflicts of interest
among certain officers or directors with certain other projects; and the
volatility of common share price and volume. Forward-looking statements are made
based on management's beliefs, estimates and opinions on the date that
statements are made and the Company undertakes no obligation to update
forward-looking statements if these beliefs, estimates and opinions or other
circumstances should change. Investors are cautioned against attributing undue
certainty to forward-looking statements.


THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS NEWS RELEASE REPRESENTS THE
EXPECTATIONS OF THE COMPANY AS OF THE DATE OF THIS NEWS RELEASE AND,
ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE
UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS
INFORMATION AS OF ANY OTHER DATE. WHILE THE COMPANY MAY ELECT TO, IT DOES NOT
UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME EXCEPT AS REQUIRED
IN ACCORDANCE WITH APPLICABLE SECURITIES LEGISLATION..

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