Ceres Global Ag Corp. announces separation of units and posting for trading of common shares and warrants



    /NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE
    UNITED STATES/

    TORONTO, Feb. 29 /CNW/ - Ceres Global Ag Corp. (the "Corporation") is
pleased to announce that the common shares (the "Common Shares") and the
common share purchase warrants (the "Warrants") comprising the units
(the "Units") of the Corporation will trade separately commencing at the
opening of the Toronto Stock Exchange on Monday, March 3, 2008, at which time
the Units (TSX: CRP.UN) will be delisted. The Common Shares and Warrants are
listed on the Toronto Stock Exchange under the symbols "CRP" and "CRP.WT",
respectively.
    Each Warrant entitles the holder thereof to acquire, subject to
adjustment in certain circumstances, one Common Share at a price of $13.50 at
any time on or prior to the close of business on December 21, 2010, after
which time the Warrants will be null and void, as described in the final
prospectus of the Corporation dated December 13, 2007.

    The Corporation is an actively managed investment company established to
provide investors with an opportunity to gain direct and indirect exposure to
global agricultural assets. The investment objective of the Corporation is to
achieve long-term capital appreciation, while reducing risk and preserving
capital, through global exposure to agricultural assets involved in the supply
and demand chains of the agricultural sector and sector influenced industries,
including crop and animal production, agrichemicals and fertilizers, farm
machinery, equipment, transportation and storage, food processing,
distribution and retailing, biofuels and other agribusinesses; and
agricultural commodities. The Corporation will invest in non-public and public
issuers or assets.

    No securities regulatory authority has either approved or disapproved of
the contents of this news release. The securities being offered have not been
and will not be offered or sold in the United States or to, or for the account
or benefit of, a "U.S. person", as such term is defined in Regulation S under
the United States Securities Act of 1933, as amended. This news release is for
information purposes only and does not constitute an offer to sell or a
solicitation of an offer to buy any of these securities in the United States.





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For further information: Investor Services, 1-800-513-2832


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