The management of Arianne Resources Inc.(DAR-V) (« Arianne ») is pleased to announce the purchase of the 50 % interest owned by Vantex Resources Ltd. (« Vantex »), in the Black Dog and Penaroya-Brouillan properties. The initial 50 % interest purchase was announced on May 15 and August 26, 2006. Following today’s transaction, Arianne owns 100 % of these 2 properties.
The terms of the deal specify that Arianne acquires 100% of Vantex 23 cells from the Black Dog property as well as Vantex 11 cells of the Penaroya-Brouillan property,in exchange of 300,000 common shares of Arianne. Vantex keeps a 1.5 % NSR.
The Black Dog property is polymetalic and comprises 117 cells covering an area of 6,200 hectares located south of the Opinaca reservoir, in Quebec. The Penaroya-Brouillan property comprises 11 claims located south of the Massicotte project, owned by Arianne, 15 km east of the Detour Lake Mine.
Arianne Resources is a Canadian exploration company with the primary mission to explore, find and develop gold, phosphorus and uranium deposits in Canada and Mexico.
Investors are encouraged to visit Arianne Resources investor relations hub at www.agoracom.com/IR/Arianne to ask questions and receive answers or consult the questions and answers already posted by other investors.
Investors can send all questions or requests for information to DAR@agoracom.com and they may also apply to be added to the mailing list to receive future press releases and updates timely.