PRESS RELEASEo:p>

2001 Earnings Guidance

NEWMARKET, January 31, 2002: Dominion Citrus Limited announces that it expects to report net earnings of $1.9 million or $0.12 per share for the year ended December 31, 2001, an increase of 33% from $1.4 million or $0.09 per share in the prior year.

The company expects to report sales of approximately $106 million, a 4% increase from $102 million last year.

Dominion Citrus has scheduled disclosure of its audited financial results for 2001 on or about April 15th, 2002.

Subsequent to year end, the directors approved the issuance by private placement of $5 million, 7 year, 8.5% debentures convertible into co mmon shares at $1.40 per share. The issue is expected to close in February.

The directors of Dominion Citrus Limited have adopted a policy of paying regular semi-annual dividends and declared a semi-annual dividend of $0.02 per share payable March 29th, 2002, to shareholders of record March 15, 2002.

For further information, contact:

Gary Dephoure
Vice President, Finance and Secretary
Dominion Citrus Limited
(416) 259 6328 x 249
st1:PersonName>g.dephoure@dominioncitrus.com