January 17, 2001

NEWMARKET, ONTARIO--

Alginquin Mercantile Completes Distribution of Dominion Citrus Shares

Algonquin Mercantile Corporation ("Algonquin") today announced that it has completed the distribution to its shareholders of the common shares of Dominion Citrus Limited ("Dominion") as a dividend in specie of Cdn. $1.00 per Algonquin share. The dividend is payable to all Algonquin shareholders of record on January 2, 2001. Algonquin shareholders will receive 1.25 Dominion shares for each Algonquin share held. Dominion has applied to list its common shares on The Toronto Stock Exchange and is awaiting approval from the Exchange.