Feronia Inc. announced that Vincent McAleer has been appointed to its Board of Directors subject to approval by the TSX Venture Exchange. Mr. McAleer replaces Mr. Anders Einarsson as one of two nominees of the African Agriculture Fund on the Board. The change is a result of Mr. Einarsson leaving Phatisa Fund Managers Limited which manages the AAF.

Mr. McAleer is a professional agribusiness manager with more than 25 years' experience in tropical agriculture, processing and trading in Belize, Côte d'Ivoire, Ghana, Nigeria and Zambia. In his current role as CEO of the AAF's Palm Oil Platform, Mr. McAleer is responsible for palm oil investments.