TriNorth Explores Alternatives for Feronia Shareholding

TORONTO, April 1 /CNW/ - TriNorth Capital Inc. ("TriNorth") announced that its board of directors is exploring several plans for dealing with its shareholding in Feronia Inc. including the distribution of those shares to Trinorth's shareholders on a tax-efficient basis.

TriNorth owns 17,000,000 common shares of Feronia Inc. (the "Feronia Shares") which represent approximately 17% of the outstanding common shares (approximately 11.8% after giving effect to the latest financing).

The Feronia Shares are subject to certain escrow and lock-up provisions which restrict TriNorth's ability to sell them prior to March 31, 2013.

Cautionary Notes

Except for statements of historical fact contained herein, the information in this press release constitutes "forward-looking information" within the meaning of Canadian securities law. Such forward-looking information may be identified by words such as "plans", "proposes", "estimates", "intends", "expects", "believes", "may", "will" and include without limitation, statements regarding the stated use of proceeds; plan of operations and comparative advantages; and benefits of this investment. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from such statements. Factors that could cause actual results to differ materially include, among others, regulatory risks, risks inherent in foreign operations, commodity prices, competition, and investments having no history of operations. Most of these factors are outside the control of the Company. Investors are cautioned not to put undue reliance on forward-looking information. Except as otherwise required by applicable securities statutes or regulation, the Company expressly disclaims any intent or obligation to update publicly forward-looking information, whether as a result of new information, future events or otherwise.

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 release.

SOURCE TriNorth Capital Inc.

For further information:

John Pennal, President, TriNorth Capital
(416) 956-4926

Wes Hall, Chairman, TriNorth Capital
(416) 867-4550

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TriNorth Capital Inc.

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