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 completed the arm's length
transaction announced November 28, 2013 to acquire all of the issued and
outstanding shares of West Coast Fishculture (Lois Lake) Ltd. and West Coast
Fishculture Ltd. (collectively, "WCFC") for cash consideration of $5.2 million
(the "Acquisition"), subject to certain agreed adjustments, including
post-closing biomass inventory reconciliation. The Company received final
approval from the TSX Venture Exchange with respect to the Acquisition and all
closing conditions have now been satisfied.


For additional details regarding the Acquisition, please refer to the Company's
news release dated November 28, 2013 and the material change report dated
December 3, 2013, copies of which are available under the Company's SEDAR
profile at www.sedar.com.


About AgriMarine Holdings Inc. 

Canadian-based AgriMarine is a producer of sustainable fin fish. The Company
utilizes its proprietary, clean aquaculture technology to create an optimal fish
rearing environment with economic and environmental benefits to meet the growing
demands for healthy and sustainable food sources. The Company's mission is to
build a global portfolio of fish farms utilizing its clean rearing technology. 


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: 
Sean Wilton
President & CEO
sean@agrimarine.com


Alexia Helgason
Manager, Communications and Marketing
alexia@agrimarine.com


AgriMarine Holdings
Suite 1218-1030 West Georgia Street
Vancouver, BC V6E 2Y3
604-568-4672