Neptune Industries, Inc. Announces Appointment of South Florida Distributor

BOCA RATON, Fla.--(BUSINESS WIRE)--Dec. 28, 2004--Neptune Industries, Inc. (Pink Sheets:NPNI), Boca Raton, Florida, today announced that its Blue Heron Aqua Farm, LLC Division, has appointed Triar Seafood Company of Hollywood, Florida as its South Florida Distributor.

Sal Cherch, Chief Operating Officer of Neptune, stated, "Triar Seafood has been a devout supporter of our Company's efforts toward sustainable seafood products for many years and continues to place our products in discriminating hands. Triar is one of the most respected seafood distributors, not only in Florida, but across the U.S., and was selected as the exclusive supplier to the 2002 Winter Olympics in Salt Lake City. Their customer base includes Marriott Hotels, Four Seasons, Renaissance, Ritz Carlton, Northern Trust Banks, The Boca Resort & Country Club, The James Beard Foundation, and countless discriminating executive chefs."

“We are very pleased to represent the Blue Heron label in Florida, throughout the U.S., and Caribbean. Our customers appreciate the high quality, eco-friendly products Blue Heron produces. Based on our past experiences with Neptune's management, we anticipate a long and profitable business relationship.”

Triar Seafood Company President Peter Jarvis stated, "We are very pleased to represent the Blue Heron label in Florida, throughout the U.S., and Caribbean. Our customers appreciate the high quality, eco-friendly products Blue Heron produces. Based on our past experiences with Neptune's management, we anticipate a long and profitable business relationship."

Neptune Industries, Inc. is a diversified seafood company specializing in farmed production, processing, distribution, value-added products, and alternative energy technology for worldwide applications. The Company is a leading producer of hybrid striped bass which it markets internationally as "Everglades Striped Bass."

For further information, visit the Company's website at http://www.neptuneindustries.net or call Sal Cherch at 561-638-5974.

Safe Harbor Statement

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release may contain forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements that include the words "believes", "expects", "anticipates" or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to differ materially from those expressed or implied by such forward-looking statements. This news release speaks as of the date first set forth above and the Company assumes no responsibility to update the information included herein for events occurring after the date hereof.