China Marine Food Group Announces Issuance of 2011 Stock Compensation to Employees

The Company's stock-based compensation plan is designed to provide incentives to eligible employees who are responsible for the growth and success of the China Marine through the production, marketing and sales of its products.

The stock awards were approved by the Company's Compensation Committee on March 31, 2011. The Committee considered several factors, including the recognition that it had not previously authorized stock awards to employees or directors, the employees' length of service and the Company's financial and operational performance.

The stock awards were granted to the following directors and officers; Mr. Pengfei Liu, Chief Executive Officer and Chairman of the Board, was granted 130,000 shares of common stock; Mr. Weipeng Liu, a Director in charge of China Marine operations with responsibility for  overseeing the construction, operation and maintenance of equipment and production facilities, was granted 100,000 shares of common stock; and Mr. Hon Wai "Marco" Ku, Chief Financial Officer of the Company, was granted 50,000 shares of common stock.  The balance of the shares issued were given to directors of sales and marketing for Mingxiang® foods and Hi-Power beverages,  production and quality control managers at both facilities and key employees who have been with the Company for many years.

"Attracting and retaining long-term, productive employees has been a critical component of our success since we first began operations in 1994," began Chairman and CEO, Mr. Pengfei Liu. "During our performance reviews last year, a high percentage of our employees realized how their performance had an effect on our Company's share price and thus we considered including CMFO shares in addition to salary for key employees.  This program will also allow us to recruit and recruit the caliber individuals we will need to grow our businesses this year and in the future.  Attracting and retaining talented managers, particularly in sales and marketing, is a competitive advantage in China. We believe we strengthened our advantage by adding this component to our total compensation package."

About China Marine

China Marine Food Group Ltd. is a food and beverage manufacturer of Mingxiang® seafood-based snack foods and "Hi-Power" marine algae-based health drinks, and a wholesaler of frozen marine catch in seven provinces in the PRC. Founded in 1994, China Marine has grown steadily and positioned its Mingxiang® brand as a category leader in 3,200 retail food sales points and 13,000 beverage sales points in China. The Company has received "The Famous Brand" and "Green Food" awards. Located in Fujian province, it is one of the largest coastal provinces in the PRC and a vital navigation hub between the East China Sea and the South China Sea. The Company is committed to the highest standard of quality control with the ISO9001, ISO14001, HACCP certification and EU export registration.

Forward Looking Statements

This release contains certain "forward-looking statements" relating to the business of China Marine Food Group Limited and its subsidiary companies, which can be identified by the use of forward-looking terminology such as "believes, expects" or similar expressions. Such forward looking statements involve known and unknown risks and uncertainties, including all business uncertainties relating to product development, marketing, concentration in a single customer, raw material costs, market acceptance, future capital requirements, competition in general and other factors that may cause actual results to be materially different from those described herein as anticipated, believed, estimated or expected. Certain of these risks and uncertainties are or will be described in greater detail in our filings with the Securities and Exchange Commission. China Marine Food Group Limited is under no obligation to (and expressly disclaims any such obligation to) update or alter its forward-looking statements whether as a result of new information, future events or otherwise. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction.