Date set for annual and special meeting of FPI shareholders



    TSX: FPL
    www.fpil.com

    ST. JOHN'S, NL, Aug. 30 /CNW/ - FPI Limited ("FPI") confirmed the date
for its Annual and Special Meeting of Shareholders ("the Meeting").
    The Meeting, which had been postponed to facilitate the conclusion of
negotiations for the sale of FPI assets to Ocean Choice International ("Ocean
Choice") and High Liner Foods Incorporated ("High Liner") (TSX:HLF), will be
convened on October 22, 2007.
    At the Meeting, shareholders will be asked to approve the sale of FPI
assets in accordance with Definitive Agreements reached with Ocean Choice and
High Liner and announced by FPI on August 24, 2007.
    A revised information circular including the details of the Definitive
Agreements will be provided to FPI shareholders in advance of the Meeting.
Shareholder approval is required for the transactions to proceed. FPI's Board
of Directors will recommend acceptance by shareholders of the Definitive
Agreements with Ocean Choice and High Liner.
    For background on the potential sale of assets, please refer to the FPI
news releases of January 11, 12 and 15; February 1 and 23; March 14; April 4
and 30; and August 24, 2007. These releases are available through CNW Group at
www.newswire.ca.
    Further information resources:
    - High Liner Foods: www.highlinerfoods.com
    - Ocean Choice International: www.oceanchoice.com

    About FPI: FPI Limited is a Newfoundland and Labrador-based seafood
company engaged in harvesting, processing, global sourcing, and marketing a
wide selection of high quality seafood products.

    FPI Limited trades on the Toronto Stock Exchange under the symbol FPL.




For further information:

For further information: Investors: Bev Evans, Chief Financial Officer,
(709) 570-0351, bevans@fpil.com; Media: Russ Carrigan, Corporate
Communications, (709) 570-0130, rcarrigan@fpil.com

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FP RESOURCES LIMITED

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