February 4, 2002

Newmarket, Ontario

Dominion Citrus Limited Completes
$5 Million Debenture Financing

st1:place>Newmarket, Ontario:  Dominion Citrus Limited announces that it has completed a private placement of $5 million 8.5% debentures.  The debentures have a 7 year term and are convertible into common shares at $1.40 per share.

Beginning at the fourth anniversary, the holders may elect for principal repayments of up to $500,000 per year.  The Company plans to use the proceeds for general corporate purposes to support the company's growth initiatives.

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