SAGUENAY, QUEBEC - (June 12, 2015) - Arianne Phosphate (the “Company” or “Arianne”) (TSX VENTURE: DAN) (FRANKFURT: JE9N) (OTCBB: DRRSF), a development-stage phosphate mining company, advancing the Lac à Paul project in Quebec’s Saguenay-Lac-Saint-Jean region, along with the First Nations Innu from Pessamit, Essipit and Mashteuiatsh are pleased to announce today the signing of a Cooperation Agreement for the Lac à Paul Mining project.
The Chairman of the board of directors of Arianne Phosphate, Mr. Pierre Fitzgibbon, welcomed the approval of the Agreement, “We appreciate the interest expressed by the First Nations towards our phosphate project and the willingness to see Lac à Paul progress. This agreement better positions Arianne to grow, for the betterment of all of our stakeholders including those in the Innu communities.”
With the signature of the Collaboration Agreement complete, the parties are looking in the following months to finalize the specifics to be included in the Impact and Benefit Agreements (IBAs).
Going forward, Arianne will continue to advance its Lac a Paul project. The Company continues to look at initiatives to optimize its mining plan and further reduce costs associated with the production of its high purity phosphate concentrate. The Company also is continuing its dialogue with the BAPE and the Government in order to receive its Ministerial Decree to build and operate its Lac a Paul Mine.
About Arianne Phosphate
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 million 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.
- 30 –
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, anticipated effect of the additional metallurgical tests 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.