Agrimarine

Sustainable Aquaculture Technology

AgriMarine Announces Proposed Warrant Extension

AgriMarine Holdings Inc. (the “Company” or “AgriMarine”), the leader in floating closed containment technology and production for sustainable aquaculture, announces that it has applied to the TSX Venture Exchange (the “Exchange”) for approval to extend the expiry dates of certain common share purchase warrants issued as part of a non-brokered private placement which closed in tranches in April and June 2010.

Each Warrant expiry date shall be extended for an additional twelve (12) months, as follows:

1) 9,393,010 Warrants shall be amended to expire April 19, 2013;
2) 677,500 Warrants shall be amended to expire April 29, 2013; and
3) 1,250,000 Warrants shall be amended to expire June 18, 2013.

All other terms and conditions of the Warrants, including the exercise price of $0.30, remain unchanged. For information pertaining to the Warrants please see the Company’s news release dated April 1, 2010. The proposed extension remains subject to Exchange approval.

This press release is not an offer of securities for sale in the United States. Securities may not be offered or sold in the United States or to or for the account or benefit of US persons (as such terms are defined in Regulation S under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), absent registration or an exemption from registration. The securities offered have not been and will not be registered under the U.S. Securities Act or any state securities laws and, therefore, may not be offered for sale in the United States, except in transactions exempt from registration under the U.S. Securities Act and applicable state securities laws. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any State in which such offer, solicitation or sale would be unlawful.

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