Toronto, Ontario

Dominion Completes Conversion into Income Trust

Toronto, Ontario, January 4, 2006 - Dominion Citrus Limited (Toronto Stock Exchange: DMN, DMN.PR.A) (“Dominion”, the “Company”) is pleased to announce the completion of its plan of arrangement resulting in the conversion of Dominion from a corporate entity into an income fund. The plan of arrangement, which was approved by common shareholders on December 22, 2005, has received the necessary court and regulatory approvals.  Pursuant to the plan of arrangement, common shares of Dominion have been exchanged for units of Dominion Citrus Income Fund (the "Fund") on the basis of one (1) unit of the Fund per common share.

The Fund units are expected to commence trading on the Toronto Stock Exchange under the symbol “DOM.UN” on or about January 6, 2006.  The preference shares of Dominion will continue to be traded under the symbol “DMN.PR.A”.

About Dominion

Dominion is a diversified food company supplying fresh produce, premium juices and maple syrup to a wide variety of customers in retail, foodservice 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.  The website may be accessed at www.dominioncitrus.com.

Caution regarding Forward-Looking Statements

This release contains statements, which, to the extent that they are not a recitation of historical fact, may constitute “forward-looking statements”.  Forward-looking statements may include financial and other projections, as well as statements regarding our future plans, objectives or performance, or our underlying assumptions.  The words “estimate”, “anticipate”, “believe”, “expect”, “intend” or other similar expressions of future or conditional verbs such as “will”, “should”, “would” and “could” are intended to identify forward-looking statements.  Persons reading this press release are cautioned that such statements are only expectations, and that our actual results or performance may be materially different.

Forward-looking information involves certain risks, assumptions, uncertainties and other factors, which may cause actual future results to differ materially from those expressed or implied in any forward-looking statements. 

Readers should not place undue reliance on these forward-looking statements when making decisions, and should consider the date onto which the statements were made.  Except as required by applicable security law, management disclaims any intention or obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Investors:
E.A. Atkinson
V.P. Finance, CFO &
Corporate Secretary
416 242 8341 Ext 249
email: t.atkinson@dominioncitrus.com

Media:
J.L. Lavergne
President & CEO
416 242 8341 Ext 250
email: j.lavergne@dominioncitrus.com