Stevia First Corp. Announces Pricing of Recent Financing Acceleration and Promissory Note Exchanges

SACRAMENTO, CA--(Marketwire - May 29, 2012) - Stevia First Corp. (OTCBB: STVF) ("Stevia First" or the "Company"), an early-stage agribusiness based in California's Central Valley growing region and focused on the industrial scale production of stevia, the all-natural zero-calorie sweetener that is rapidly transforming the food and beverage industry, has received an acceleration of funds from a recent financing and entered into agreements to exchange all existing promissory notes into shares of common stock, with full details available for review as filed with the Securities and Exchange Commission.

On May 24, 2012, the Company entered into Note Exchange Agreements with two holders of the Company's outstanding promissory notes. Pursuant to the Note Exchange Agreements, at the closing approximately $196,800 plus accrued interest will be canceled in exchange for shares of the Company's common stock to be issued at a conversion rate of $1.00 per share.

On May 22, 2012, the Company received an accelerated payment of all remaining funds from a single investor under the subscription agreement entered into on February 7, 2012, pursuant to which, beginning on March 1, 2012, such investor irrevocably agreed to pay $1,250,000 for the issuance of 625,000 shares of our common stock and convertible debentures with an aggregate principal amount of $625,000. Pursuant to the Subscription Agreement, for the remaining $850,000 in proceeds that were accelerated and received on May 22, 2012, the investor will receive 425,000 shares of common stock and four separate convertible debentures with an aggregate principal amount of $425,000. Each debenture issued has a three-year term and the Company may repay principal and interest at maturity or upon redemption in shares of the Company's common stock at the conversion price of each, which ranges from $0.80 per share to $1.25 per share.

Company CEO Robert Brooke states, "Our strategic plans are moving ahead rapidly, thanks to the growing relationships which have provided us with ready access to capital and enabled us to optimize our capital structure. Our management continues to foster strong relations within the investment community and looks forward to building upon these recent achievements."

Further details of the Company's business, finances, appointments and agreements can be found as part of the Company's continuous public disclosure as a reporting issuer under the Securities Exchange Act of 1934 filed with the Securities and Exchange Commission's ("SEC") EDGAR database. For more information visit: www.steviafirst.com.

About Stevia First Corp. (OTCBB: STVF)
Stevia First Corp. is seeking to establish a vertically-integrated stevia enterprise in the U.S. with expertise in stevia seed and tissue propagation, plant breeding, and cultivation. Stevia First's U.S. operations are located in the heart of California's Central Valley, one of the world's most productive agricultural regions. For more information visit: www.steviafirst.com.

About the Stevia Industry
The market for all-natural, zero-calorie stevia sweeteners is expanding rapidly. The World Health Organization (WHO) estimates stevia intake could eventually replace 20-30% of all dietary sweeteners. The total global sweetener market was estimated at $58.3 billion in 2010. For more information visit: www.steviafirst.com.

Notice Regarding Forward-Looking Statements
This news release contains "forward-looking statements" as that term is defined in Section 27(a) of the United States Securities Act of 1933, as amended and Section 21(e) of the Securities Exchange Act of 1934, as amended. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, projections of worldwide sales of stevia products, growth of stevia production and global markets. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with new projects and development stage companies. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-K for the most recent fiscal year, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission.