Press Releases

Arianne announces 2008 exploration campaign results

Strategic vision : with an exploration budget of more than $ 1.5 M for the end of 2008 and the beginning of 2009 and given the recent turbulence in stock markets, the management of Arianne is currently proceeding with an thorough evaluation of all its active projects in order to focus its efforts and resources on the projects that show the highest potential for the short and medium term.

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Arianne appoints new cfo

Mrs. Hébert has been a chartered accountant for the last 25 years and has been taking care of the Company’s accounting since its creation, 10 years ago.. The Company grants 250,000 stock options at $0.10 to Mrs. Hébert.

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Arianne acquires 4 claims adjacent to its Lac à Paul phosphorus property.

The terms of the deal specify that Arianne will acquire 100% of the 4 claims in exchange of a cash payment of $15,000 and the issuance of 300,000 common shares of Arianne, to the 2 arm’s length sellers. The sellers keep a 1.5% NSR, repurchasable for $ 1,000,000. Following this agreement, Arianne now has 100% ownership on 253 claims and 12 claims of the property are owned at 85% by Arianne while mining Fund Saguenay-Lac-St-Jean owns 15%.

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Arianne starts drilling on Massicotte/Detour Lake

This property is under option from Radisson Mining Resources. The Massicotte property is adjacent to Detour Gold Corporation’s (Detour Gold) property, for which it announced measured and indicated resources of more than 10.76 million ounces of gold (press release of July 2, 2008).

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Update on the phosphorus (p2o5)-titanium(tio2) project

For many months, Arianne has been in discussion with a major North American fertilizer producer and the acquisition of claims serves the purpose of securing its apatite (P2O5) and ilmenite (TiO2) properties. At this point in time, the Company cannot confirm if a definitive agreement will be reached between the parties.

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