FERONIA INC. COMMENCES TRADING ON THE TSX VENTURE EXCHANGE

TORONTO, Sept. 16 /CNW/ - TriNorth Capital Inc. ("TriNorth", TSXV:TRT) is pleased to announce that Feronia Inc. (formerly G.T.M. Capital Corporation) (the "Corporation" or "Feronia", TSXV:FRN), one of its investee companies, has completed its previously announced reverse takeover transaction (the "Transaction") and has commenced trading on the TSX Venture Exchange (the "Exchange") today under the symbol FRN. TriNorth owns 17,000,000 common share of Feronia, representing 17.1% of the issued and outstanding common shares.

"Feronia's listing on the Exchange has allowed it to raise the necessary capital to continue the rehabilitation of our historic oil palm plantations and further develop our large-scale mechanized arable farming operations in the DRC. We believe that due to the scarcity of high quality agricultural land and the increasingly alarming shortages of fresh-water, the success of large-scale agriculture in the DRC is critical to the future of global food supplies," commented Ravi Sood, TriNorth Director. "We are optimistic that the experienced management team, strategic assets, and position as the largest agri-business in the DRC will allow Feronia to profitably capitalize on this unique opportunity."

    
    ABOUT TRINORTH CAPITAL INC.
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TriNorth is a Canadian-based investment company that invests in companies to generate long-term capital growth for shareholders. TriNorth takes an active interest in its investee companies from the earliest stages, providing strategic and financial counsel, support and direction to assist in their growth and success. TriNorth's investment strategy includes structuring and initiating deals focused on particular resources, themes or regions as well as launching the development of businesses in select industries by providing assistance with the hiring of management teams, providing seed capital and facilitating IPOs.

    
    ABOUT FERONIA
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Feronia is a large-scale commercial agricultural company currently focused on two operations in the Democratic Republic of Congo ("DRC") - palm oil plantations and arable farmland. The Corporation is engaged in acquiring and consolidating farm land and operations in Africa and rehabilitating them back into production using modern agricultural techniques and practices.

In May 2009, Unilever plc commenced the process of selling its holdings of 76% of the outstanding shares of Plantations et Huileries du Congo SARL ("PHC") by an international tender process, pursuant to which approximately 100 companies expressed an interest and Feronia CI's tender was accepted. On September 3, 2009, Feronia CI completed the share purchase and currently holds, directly or indirectly, 76% of the outstanding shares of PHC, with the remaining 24% of the outstanding shares of PHC held by the federal government of DRC. PHC is an oil palm plantation company with a concession of 101,455 hectares located in the provinces of Equateur and Orientale in the DRC. Since its acquisition of the shares of PHC, Feronia CI has embarked on a program of rehabilitation of the palm oil mills and the internal road system, increasing production at the plantations on a month by month basis.

The Exchange has in no way passed upon the merits of the Transaction and has neither approved nor disapproved the contents of this press release. Neither the Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this release.

Certain information in this press release may constitute forward-looking information. This information is based on current expectations that are subject to significant risks and uncertainties that are difficult to predict. Actual results might differ materially from results suggested in any forward-looking statements. The Corporation assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward looking-statements unless and until required by securities laws applicable to the Corporation. Additional information identifying risks and uncertainties is contained in the Corporation's filings with the Canadian securities regulators, which filings are available at www.sedar.com.

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For further information: Catherine Stretch, Corporate Secretary, TriNorth Capital Inc., t. 416-362-6283, e. [email protected]; Ravi Sood, Director, TriNorth Capital Inc., t: 416.362.6153, e: [email protected]