AgriMarine Announces Changes to Board of Directors

AgriMarine Holdings Inc. (the "Company" or "AgriMarine"), the leader in floating closed containment technology and production for sustainable aquaculture, announces the appointment of Harry Knutson as Chairman of the Board, following the resignation of Hon. John D. Reynolds from his position as Chairman of the Board and as a Director, reports www.megafishnet.com with reference to AgriMarine.

Mr. Reynolds cited a need to reduce his work obligations for his resignation but will join the advisory board of the Company to assist with matters of international government cooperation and ongoing corporate development.

"On behalf of the Board, we wish to thank John for his hard work and significant contributions as Chairman over the past three years and are appreciative of his desire to remain in an advisory capacity to the Company", said Richard Buchanan, CEO of AgriMarine.

Mr. Harry Knutson, currently a Director of the Company, has been involved at the shareholder level with the Company for many years and has a strong understanding of the Company's technology and operations. Mr. Knutson also has extensive experience in Canadian and European investment banking and tax related matters.