ARIANNE COMPLETES A $581,000 FINANCING

Saguenay, October 29, 2010. The management of Arianne Resources Inc. (DAN-V) (« Arianne ») is pleased to announce the completion of a non-brokered financing for an amount of $581,000.

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.

The new shares are subject to a four-month minimum hold period and are subject to the approval of the TSX Venture Exchange.

In regards with this financing, a $40,010 commission was paid to four non-related parties.

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: Mr. Bernard Lapointe, CEO                Tel : (418) 549-7316                 Fax : (418) 549-5750         bernard@arianne-inc.com

For info: Mr. Norman Forrest, Strategic Advisor Tel. : (450) 736-0453    norman@arianne-inc.com

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 100,530,580 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.

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