ASTON HILL ASSET MANAGEMENT INC. REPORTS DECREASE IN CONTROL OF COMMON SHARES IN FERONIA INC.

TORONTO, Jan. 19 /CNW/ - Aston Hill Asset Management Inc. (formerly Navina Asset Management Inc.) (the "Manager") announced that its control or direction over common shares and warrants of Feronia Inc. ("FRN" TSX-V:FRN) owned by funds and accounts it manages has decreased.  As of January 11, 2011, the Manager ceased to be the manager of Lawrence Venture Fund Inc., which owns 4,839,090 common shares of FRN. This holding represents approximately 4.9% of the total issued and outstanding common shares of FRN on a fully-diluted basis.  As a result, the Manager's control or direction over FRN common shares and warrants has decreased from approximately 40.1% on a fully-diluted basis to approximately 36.1% on a fully-diluted basis, which securities are owned by other funds or accounts managed by the Manager.

The Manager acquired common shares and warrants of FRN on behalf of its funds or accounts for investment purposes.

SOURCE Aston Hill Asset Management Inc.

For further information:

Michael J. Killeen
President
Aston Hill Asset Management Inc.
(416) 362-5597

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Aston Hill Asset Management Inc.

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