July 8, 2003

Toronto, Ontario


Dominion Citrus Announces Private Placement via Desjardins Securities Inc.

Toronto, July 8, 2003: Dominion Citrus Limited ("Dominion") (TSX: DMN, DMN.PR.A) today announced that it has signed an engagement letter with Desjardins Securities Inc. ("Desjardins") to raise common equity via a private placement of units. Each unit will consist of one common share and one half share purchase warrant, each full warrant to be exercisable at a price of $2.15 per share for a period of two years. Excluding the proceeds from exercising the warrants, Dominion expects to raise between $3 million and $5 million at a price of $1.65 per unit.

Jacques Lavergne, President and C.E.O., commented "this financing is consistent with our financial strategy of maintaining a prudent balance sheet and will support the Company's growth strategy to expand as a diversified food supplier." Mr. Lavergne added, "we have chosen to work with Desjardins because of their thorough understanding of the food industry, their relationships with institutional investors and their vast retail broker network”. Proceeds from the offering will be used to fund future acquisitions and for general corporate purposes. The transaction is subject to regulatory approval. A copy of Dominion’s latest investor presentation will be available on its web site at www.dominioncitrus .com.

About Dominion

Dominion is a diversified food company supplying fresh produce, premium juices, maple syrup and Mediterranean food products to a wide variety of customers in retail, food service and food distribution businesses. The Company provides procurement, processing, repacking, sorting, grading, warehousing and distribution services to over 400 customers, with its major domestic markets being Ontario and Quebec. The Company also supplies certain products to customers in the United States and Europe.

Investors:
E.A. Atkinson
V.P. Finance, CFO &
Corporate Secretary
416 521-6288
email: t.atkinson@dominioncitrus.com

Media:
J.L. Lavergne
President & CEO
416-521-6289
email: j.lavergne@dominioncitrus.com