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


AgriMarine Holdings Inc. (TSX VENTURE:FSH)(FRANKFURT:A2G) (the "Company" or
"AgriMarine") is pleased to announce that it has closed the convertible loan
with Dundee Agricultural Corporation ("Dundee") as previously announced on
September 12, 2013 (the "Loan"). 


The Loan has a principal amount of $10,000,000, matures on September 19, 2014
and bears interest at 12.68% per annum, payable upon maturity. The Loan is
guaranteed by AgriMarine Industries Inc. 


Subject to the receipt of applicable regulatory approvals, including approval
from the TSX Venture Exchange (the "Exchange"), Dundee may elect to convert all
or any portion of the principal amount of the Loan into common shares of the
Company at a price of $0.23 per share. Accrued interest may be converted, at
Dundee's option, into common shares at the prevailing market price as per
Exchange policies. The Loan and any common shares issued upon such conversion
are subject to a hold period expiring January 21, 2014.


The proceeds from the Loan will be used for: (i) completing the acquisition of
West Coast Fishculture (Lois Lake) Ltd. and West Coast Fishculture Ltd.
(collectively, "WCFC"), an established steelhead trout producer in British
Columbia, as described in the Company's news release of September 6, 2013; (ii)
deploying AgriMarine System(TM) fish rearing tanks; (iii) supporting Benxi
AgriMarine Industries in China; and (iv) general and administrative expenses. 


No finder's fees were issued in connection with the Loan.

About AgriMarine Holdings Inc.

Canadian-based AgriMarine has developed a proprietary aquaculture technology
that facilitates the farming of fish in a more productive and environmentally
friendly manner. The Company's mission is to build a global portfolio of fin
fish farms that produce "clean" and environmentally sustainable seafood products
such as salmon and trout.


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this news release.


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
alexia@agrimarine.com
www.agrimarine.com