Press Release Re: Placentia Bay Aquaculture Project

Press Release Re: Placentia Bay Aquaculture Project

August 17, 2016

The following is a statement from Grieg NL Seafarms Ltd. regarding the Placentia Bay Aquaculture Project.

Grieg NL Seafarms Ltd. is pleased to provide the following information based on science and fact about our sustainable and environmentally responsible Project.

Grieg NL Seafarms will grow sterile atlantic salmon for a quickly growing global market. These fish are produced by exposing salmon eggs to high pressure which renders them sterile. Taking advantage of this opportunity in the normal fertilization process produces a normal animal which is sterile and desirable for the marketplace. This aspect of modern aquaculture ensures wild stocks are protected and the aquaculture industry can thrive in harmony with the environment. Sterile salmon have been used in Norway for years with success and its part of the ongoing effort to minimize the industry’s impact on the environment.

A frequent issue with farming salmon is that of sealice. These creatures can damage the health and quality of farmed salmon. A proven natural approach of modern aquaculture is the use of cleaner fish. Fish that naturally prey on sealice are used with great success in Norway, Shetland, Iceland and the Faroe Islands. Grieg NL Seafarms will use lumpfish to help manage this problem. A viable broodstock is being developed here in Newfoundland by Memorial university.

Grieg NL Seafarms is committed to keeping the public updated as this exciting opportunity for Newfoundland and Labrador proceeds.

Media Contact:

Perry Power

Grieg NL Seafarms Ltd.
P.O. Box 457
205 McGettigan Blvd.
Marystown, NL A0E 2M0