July 18, 2003

Toronto, Ontario

Toronto, July 18, 2003: Dominion Citrus Limited (“Dominion”) (TSX:DMN, DMN.PR.A) today announced that it has completed its previously announced private placement. Dominion has issued 2,572,727 units for total gross proceeds of $4,245,000. Each unit consists of one common share and one half share purchase warrant. Each whole warrant entitles the holder to acquire a Dominion common share at $2.15 for a period of two years. Desjardins Securities Inc. (“Desjardins”) acted as sole underwriter of the private placement. Desjardins leveraged its food-industry experience and institutional investor clientele in order to broaden Dominion’s shareholder base and increase Dominion’s visibility in the capital markets.


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 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