SAGUENAY, QC, Oct. 30, 2014 – Arianne Phosphate (the “Company” or “Arianne”) (TSX VENTURE: DAN) (FRANKFURT: JE9N) (OTCBB: DRRSF), a development-stage phosphate company advancing the Lac à Paul Phosphate Project in Quebec’s Saguenay region, is proud to announce the nomination of Mr. Daniel Gaudreault to the position of Chairman of the Company’s Monitoring Committee. Well known in the political, business, social and community circles, Mr. Gaudreault’s expertise will help Arianne maintain a privileged relationship with the regional community.
Recently retired, Mr. Gaudreault led a career within the municipality of Saint-Fulgence also within the town of Jonquière and Saguenay during which he notably served as General Director of these municipalities. Throughout his career, he has also been a Board member of several organizations. “We are delighted with Mr. Gaudreault’s nomination. I’m convinced that his experience will help the growth and development of the project while taking into account the community’s concerns,” stated Jean-Sébastien David, COO.
The creation of an independent Monitoring Committee is part of the Quebec Government’s Mining Law.
“The committee is a different entity from Arianne. My role is to, among other things, follow the project’s evolution and to provide the Company with suggestions that will strengthen Lac à Paul. The Project is important for the region and is needed to diversify its traditional economic base. In this regard, I am pleased to help move the project forward,” concluded Mr. Gaudreault.
Over the coming weeks, Arianne will begin reviewing applications for individuals interested in participating in the Committee. Arianne will provide further details regarding the application process. A total of 8 individuals will be recruited.
About Arianne Phosphate
Arianne Phosphate Inc. (www.arianne-inc.com) is developing the Lac à Paul phosphate deposits located approximately 200 km north of the Saguenay/Lac St. Jean area of Quebec, Canada. These deposits will produce a high quality igneous apatite concentrate grading 39% P2O5 with little or no contaminants. The Company has 95,325,755 shares outstanding.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward Looking Statements and Information
This news release contains “forward-looking statements” and “forward-looking information” within the meaning of applicable securities regulations in Canada and the United States (collectively, “forward-looking information”). The forward-looking information contained in this news release is made as of the date of this news release. Except as required under applicable securities legislation, the Company does not intend, and does not assume any obligation, to update this forward-looking information. Forward-looking information includes, but is not limited to, statements with respect to estimated mineral resources, anticipated effect of the completed drill results on the Project, and timing and expectations of future work programs. Often, but not always, forward-looking information can be identified by the use of words such as “plans”, “expects, “is expected”, “budget”, “scheduled”, “estimates”, forecasts”, “intends”, “anticipates”, or “believes”, or the negatives thereof or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might”, or “will” be taken, occur or be achieved. Any forward-looking statement speaks only as of the date on which it is made and except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement