May 2, 2003

Toronto, Ontario

Dominion Citrus Announces Record First Quarter Net Earnings; Up 42%

First Quarter 2003 Report to Shareholders

Three months ended March 28, 2003

DOMINION CITRUS ANNOUNCES RECORD FIRST QUARTER NET EARNINGS; UP 42%

First Quarter Highlights

• Revenue of $27,613,000 was up $3,162,000 over last year.
• Net earnings of $676,000 were 42% higher than last year.
• Fully diluted earnings per share of $0.037 were 37% higher than last year.
• The Company acquired the global trademark rights to the Catanti name and logo and will be importing and distributing a unique range of food products including olive oil, olives and pasta in May 2003.
• On March 17, 2003, the Company signed a letter of intent to acquire a 100% interest in the business of Delta Foods International Ltd., Canada's fifth largest processor of maple syrup.  The acquisition is subject to the completion of financing satisfactory to the Company.
• The Company increased its semi-annual dividend rate by 25% to $0.025 per common share from $0.02 per common share.
• The Company declared and paid a stock dividend of 1/20th of a Series A Preference Share, or $0.1125, for each common share held.

TORONTO, May 2, 2003: Dominion Citrus Limited (TSE:DMN) announced record first quarter 2003 financial results, with fully diluted earnings per share of $0.037 up 37% compared to the same period last year. Revenue of $27,613,000 increased by $3,162,000 or 12.9%. These financial results have been achieved in a continuing fiercely competitive market.

"The strong performance of the Company in the first quarter of 2003 reflects solid year over year operating performance and provides a strong start for the year" said Jacques Lavergne, Dominion Citrus Limited President and CEO. "Our international import programs and the higher volumes of carrots, onions and bananas were key contributors in driving the revenue improvements."

"Our long-term strategy to grow and diversify our food business was advanced during the first quarter with the acquisition of the worldwide rights to the Catanti trademark and the execution of a Letter of Intent to acquire 100% of Delta Foods International.  "These acquisitions fit perfectly into our criteria and should prove accretive to our earnings per share".

"Our outlook for the remainder of fiscal 2003 is positive, and we expect that we will increase revenue and earnings compared to last year".

Dominion Citrus Limited 1st Quarter Results

3 months ended March 28, 2003 & March 30, 2002

Subsequent Event

On April 30, 2003 the Company advanced the acquisition of Delta Foods International Ltd. ("Delta Foods") by signing a definitive agreement, subject to completion of financing.  The acquisition is expected to close on or before May 15, 2003.