FPI issues update on potential sale of certain assets

    TSX: FPL

    ST. JOHN'S, April 4 /CNW/ - FPI Limited ("FPI" or "the Company") today
confirmed that discussions regarding the sale of certain assets are continuing
and have not reached any conclusions. There is no certainty that current
discussions will result in any transaction. FPI maintains its policy of
exploring all economically viable options for its operations.
    For background, please refer to recent news releases from FPI Limited
which are available through the CNW Group at www.newswire.ca.

    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; www.fpil.com

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