Saguenay, April 24th, 2012. The management of Arianne Resources Inc. (the “Company” or “Arianne“) is pleased to announce the appointment of Jean-Sébastien David as Vice-President Operations with direct responsibility for Project Management in the development of the Lac a Paul phosphate mine to be built in the Saguenay/Lac St. Jean region of Quebec.
In this new role, Mr. David will be responsible for completion of Environmental and Social Impact Baseline Studies and Impact Assessments, oversight of the Lac a Paul Bankable Feasibility Study and acquisition of necessary Environmental and Mine Development Permits through the BAPE process. His objective will be to guide the Company’s activities through the environmental permitting and feasibility study process to the commencement of construction of the Lac a Paul Project.
Born in the Saguenay-Lac St-Jean Area, Mr. David was the former Vice-President Sustainable Development at Osisko Mining Corporation (2007-2012) where he was instrumental in obtaining authorization for construction and development of the Canadian Malartic Project. His experience with Osisko includes project evaluation, consultation and negotiation with regulatory, community and First Nations groups and development/implementation of sustainable development policy. He has held various positions in mining operations, forestry, environmental and consultation for Iamgold, Cambior and Louisiana-Pacific. He began his career with Nutrinor in 1993. He earned his B.Sc. Geology and Masters Degree in Project Management from the Université du Québec à Chicoutimi.
“This appointment marks a significant milestone for Ressources d’Arianne and further demonstrates the Company’s commitment to development of the Lac à Paul phosphate mine. Jean-Sébastien will complete our hard-working team with his specialized skills in environmental permitting, project management and mine development. We feel fortunate to have attracted this highly-respected professional with such an outstanding track record of accomplishments,” commented Bernard Lapointe, CEO of the Company.
In connection with the appointment of Mr. David, the Board of Directors has granted him 300,000 incentive stock options pursuant to the Company’s stock option plan, exercisable at $1.16 per share for a 10-year term. This grant is subject to acceptance by regulatory authorities.
Arianne Resources (www.arianne-inc.com) through its wholly owned subsidiary Canada Phosphate (www.canadaphosphate.com) owns and is developing the Lac a Paul phosphate-titanium deposit that produces a superior grade apatite concentrate grading close to 39% P2O5. Arianne Resources also owns several other exploration properties exploring for gold, silver and other metals in Canada and Mexico. The Company currently has 67 M shares issued.
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.
Source: Bernard Lapointe, C.E.O Tel: (418) 549-7316 bernard@arianne-inc.com
Info: Jim Cowley, President Tel: (801) 599-3789 jim@arianne-inc.com. Louis Morin – Investor Relations Tel: (514) 845-1101 lmorin@thebidcapitalmarkets.com
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