Press Releases

Update on the Lac à Paul project

Management is also pleased to report that a new definition drilling program on the Manouane Zone is set to begin in February 2011. This drilling campaign is designed to convert part of the inferred resources into indicated resources, and to test the lateral extensions of this deposit, which contains, according to the latest NI 43-101 resource estimate (SGS Canada Inc, 2010), an inferred resource of 137.65 Mt grading 5.71% P2O5 and 8.92% TiO2 based on a cut-off grade of 2%.

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Arianne resources closes private placements for $2,134,000

In total, Arianne issued 3,299,886 flow-through shares at a price of $0.18 per share and 11,000,000 units at a price of $0.14 per unit. Each unit is comprised of one (1) common share and one half (1/2) of a common share purchase warrant, each full warrant entitling the holder to subscribe for one (1) common share at a price of $0.19 per share until December 13, 2012.

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Ressources d’Arianne announces private placement

The Offering consists of the issuance of a maximum of 3.3 Million flow-through common shares (the “Flow-Through Shares”) at a price of $0.18 per FlowThrough Share for maximum gross proceeds of $594,000 and a maximum of 11 Million units (the “Units”) at a price of $0.14 per Unit for maximum gross proceeds of $1,540,000.

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Canada phosphate starts definition drilling on the paul zone

The objective of this 3,500-meter drilling program is to increase the resource on the Paul Zone which contains a NI 43-101 indicated resource of 78 Mt grading 7.24 % P2O5 and 7.84 % TiO2 and an inferred resource of 58 Mt grading 6.97 % P2O5 and 8.00 % TiO2.

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Arianne completes a $581,000 financing

Arianne will issue 581 Units at a cost of $1,000 per Unit, each Unit including 5,333 flow-through common shares at a price of $0.15 per share, 1,538 common shares at a price of $0.13 per share and 3,435 share purchase warrants. Each warrant allows for the purchase of one common share at a price of $0.20, for a period of 24 months following TSX approval. 2 Company insiders purchased 8 Units.

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Arianne creates a new subsidiary: Canada phosphate inc.

The Company is currently negotiating with different potential partners in order to advance this important deposit to the production phase. This would generate a significant economic impact for the Saguenay Lac St-Jean area. The management believes that Canada Phosphate inc. will provide a better platform for the development of the project and help define the development of the new company for the stock market.

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Foreign investors show interest for the Lac à Paul phosphate deposits

Following this conference, potential investors asked for additional information on the project and a first group of investors will arrive in Saguenay on June 22. A visit of the exploration site will then take place. Arianne will be assisted by the city of Saguenay that will promote the quality and dynamic nature of the people in the area.

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