February 26, 2003

Toronto, Ontario

4th Quarter and Fiscal 2002 Earnings Guidance

Dominion Citrus Limited ("Dominion") (TSX: DMN) announces that it expects to report 4th quarter 2002 net earnings and basic earnings per share (EPS) of approximately $0.7M or $0.04 EPS, a significant improvement to the $0.3M or $0.02 EPS from the 4th quarter 2001. Additionally, the Company is providing fiscal 2002 net earnings guidance of approximately $2.2M or $0.14 EPS. This represents an 18% improvement to the $1.9M or $0.12 EPS reported last year.

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Gary M. Dephoure, VP Finance & CFO commented, "The scheduled release of our audited fiscal 2002 statements will occur on or about April 3, 2003. Management has reviewed the un-audited financial performance with our Board of Director's, and we feel it is appropriate to provide timely earnings guidance in advance of the scheduled release of the audited results. Should our auditors discover any material issues that warrant disclosure, the Company will immediately issue a press release."

For further information please contact Mr. Gary M. Dephoure, Chief Financial Officer & Secretary of Dominion Citrus Limited, (416) 521-6288.