Ocean Choice International seeks reasonable labour agreement

April 20, 2010

Ocean Choice International and the FFAW today resumed contract
negotiations with the assistance of a conciliator appointed by Government to review the
positions of both parties to determine if there was any common ground to negotiate
a settlement. Unfortunately, an agreement could not be reached and talks have broken
off.

Martin Sullivan, Chief Executive Officer, reported that the company proposed a wage
increase for the next two years. “It’s no secret that the fishing industry is facing
challenges – market conditions, the Canadian dollar and the world wide recession are
all factors adversely affecting the overall industry,” said Sullivan.

This is the first contract for Ocean Choice International to negotiate with the FFAW for
the plants located at Bonavista, Dildo, Marystown, Port Union, Port au Choix, and
Triton.

“The Company has offered an overall wage increase to a wage of $13.25 per hour in
year one and $13.45 in year two. In addition we offered the maintenance trades a
significant increase,” stated Sullivan.

The expired collective agreement is the highest total compensation agreement within
the seafood industry in Newfoundland and Labrador and Sullivan indicated that the
current offer will maintain our industry leadership position in terms of total compensation
offered to our employees.

We remain open to the possibility of finding a solution before any job action is taken.