NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES

AgriMarine Holdings Inc. (the "Company" or "AgriMarine") (TSX
VENTURE:FSH)(OTCQX:AGMHF)(FRANKFURT:A2G) is pleased to announce that, pursuant
to the Company's Annual General and Special Meeting of Shareholders held on
April 26, 2013 (the "Meeting"), the shareholders approved all resolutions put
forward by management and the Board of Directors.


At the Meeting shareholders approved an ordinary resolution, as disclosed in the
Information Circular mailed to shareholders in advance of the Meeting, to alter
the share capital of the Company by way of the proposed consolidation (the
"Consolidation") of all the issued and outstanding common shares of the Company
on the basis of one post-Consolidation common share of the Company for up to 15
pre-Consolidation common shares of the Company.


The Consolidation remains subject to the prior approval by the TSX Venture
Exchange (the "Exchange"), which the Board of Directors of the Company intends
to seek promptly.


As of April 26, 2013, a total of 108,257,197 common shares in the capital of the
Company were issued and outstanding and, accordingly, a total of not less than
7,217,146 common shares of the Company would be issued and outstanding following
the completion of the maximum Consolidation ratio as approved at the Meeting.


The Company does not intend to change its name in connection with the
Consolidation. AgriMarine's common shares will continue to trade on the TSX
Venture Exchange under its current symbol, "FSH".


About AgriMarine Holdings Inc.

Canadian-based AgriMarine has developed innovative aquaculture technology for
farming salmon, trout and other high value fin fish species in closed
containment. The Company utilizes its solid-walled floating tanks to address
sustainability issues in aquaculture, to create an optimal fish rearing
environment with added economic and environmental benefits and to meet consumer
and retailer demands for sustainable fin fish products. The AgriMarine
System(TM) can be applied in warm or cold climate conditions, in oceans,
reservoirs and lakes. 


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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
AgriMarine Holdings Inc.
Sean Wilton
President and CEO
(604) 568-4672
sean@agrimarine.com


AgriMarine Holdings Inc.
Alexia Helgason
Manager, Corporate Communications and Marketing
(604) 568-4672
(604) 568-4673 (FAX)
alexia@agrimarine.com
www.agrimarine.com