ARIANNE MODIFIES STOCK OPTION PLAN

Saguenay, May 13, 2011 – Arianne’s board of directors approved today modifications to the Company’s Stock option plan that will increase the number of options available for grant to 6,400,000 or less than 10 % of the  Company’s issued shares. The previous plan permitted the grant of 5,100,000 stock options. Under the new stock option plan, departing option holders will be able to keep their stock options for a period of 12 months before they expire. The previous expiration delay was 60 days following departure. These modifications are subject to the approval of the TSX Venture Exchange. The Company also announces the granting of 275,000 options to its officers and directors priced at $ 1.25.  

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

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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