ARIANNE PHOSPHATE COMPLETES DRILLING ON WESTERN EXTENSION OF PAUL ZONE

– Confirms its potential –  

– The Paul Zone extends an additional 1.1 km further West –  

A new promising mineralised zone (TraMan) is recognised on the Lac à Paul Project –  

SAGUENAY, QUEBEC – (June 12, 2014) – Arianne Phosphate (the “Company” or “Arianne”) (TSX VENTURE: DAN)  (FRANKFURT: JE9N) (OTCBB: DRRSF), a development-stage phosphate company advancing the Lac à Paul Project in  Quebec, is pleased to report that the latest results from its exploration drilling program, on the western extension of the Paul Zone, has met with success, extending the zone an additional 1.1 km along the strike. When added to the previously defined Paul Zone (released 23 October 2012, with a strike length of 2.7 km), this latter is now recognised on a 3.8 km strike length. Further, the Company also completed its first stage of drilling at its TraMan Zone showing very promising initial results.  

Based on the potential targets highlighted through an airborne magnetic survey, Arianne drill tested an area west of the current Paul Zone. All drill holes intersected mineralization and numerous holes returning results of higher than  7% P2O5 (see table below), extending the Paul Zone an additional 1.1 km strike length. As shown in the diagram(s)  below, this western extension is directly adjacent to the Paul deposit which is currently capable of a 26 years life of mine, as defined in the Company’s BFS (released 24 October 2013). Arianne, over the coming weeks, will perform the required modelling work to more specifically estimate these new resources in the western extension of the Paul Zone.  

“We are very pleased with the results from our winter 2014 drilling program” stated Brian Kenny, Chief Executive  Officer of Arianne. “These results, taken in conjunction with the earlier potential targets (see the press release of May  15, 2014) are certainly showing the capability to increase the size of the asset. Given that the mineralised intersections are near-surface and continuous to the Paul Zone, we are confident that additional definition drilling should enable us to upgrade to a resource level and incorporate this into our projected mining plan. Already one of the largest green field phosphate deposits in the world, these results along with the initial drilling results on TraMan continue to move us towards our goal of finding additional phosphate mineralisation. Arianne’s exploration works continue to show the district-sized scale of the asset. This is a positive finding in pursuing the development of our  target to obtain a mineral resource to support mining operations for fifty (50) years.”(1) 

(1)The 50 years target is conceptual in nature, that there has been insufficient exploration to define a mineral resource to that size and that it is uncertain if further exploration will result in the target being delineated as a mineral resource. The 50 years target is based on 472 Mt in reserve and other resources on the project (released 24 October  2013) and the other potential targets (released 15 May 2014). 

Paul Zone  

The drilling program on the western extension of the Paul Zone, totalling 2 854 metres in 16 holes (PAU-14-154 to  PAU-14-169), was designed to test the western extension on the Paul Zone and the aeromagnetic anomaly associated with this sector. A total of nine (9) sections spaced between 100 to 200 meters have been drilled on 1.1 km along the anomaly.  

These are 1 020 samples (including QA/QC procedures) which were sent to ALS Chemex Inc. from Val d’Or to be analysed for major elements by the ME-XRF06 method. The table below shows the intersections obtained along the drill holes (true width are roughly 75 % of the intersection length) on the western extension of the Paul Zone, with all analytical results obtained. Overburden is around 3 vertical meters depth.  

Drill Holes Intersections on western extension of Paul Zone

Drill Hole From (m) To(m)Length along the  drill hole (m.) P2O5 (%)
PAU-14-154 6.00 117.00 111.00 5.73 
including 69.00 117.00 48.00 7.44 
and 91.80 117.00 25.20 9.68 
and 138.00 198.00 60.00 4.89 
including 183.60 198.00 14.40 9.85 
PAU-14-155 102.00 115.00 13.00 6.39 
and 154.00 173.40 19.40 6.90 
and 202.80 216.00 13.20 5.75 
and 263.20 288.30 25.10 6.88 
PAU-14-156 9.30 61.20 51.90 8.75 
PAU-14-157 4.00 142.30 138.30 6.67 
including 49.40 142.30 92.90 8.03 
PAU-14-158 87.00 232.20 145.20 4.80 
including 120.10 160.80 40.70 5.41 
including 177.00 232.20 55.20 5.01 
PAU-14-159 66.00 138.00 72.00 4.18 
including 66.00 90.00 24.00 4.50 
and 128.00 138.00 10.00 6.40 
PAU-14-160 33.35 63.25 29.90 5.27 
including 33.35 45.00 11.65 7.64 
PAU-14-161 6.00 98.60 92.60 9.57 
including 36.00 98.60 62.60 11.28 
PAU-14-162 6.30 46.00 39.70 8.26 
PAU-14-163 30.00 134.00 104.00 5.14 
including 102.70 134.00 31.30 9.19 
PAU-14-164 39.00 180.40 141.40 5.58 
including 96.00 180.40 84.40 6.77 
including 137.90 180.40 42.50 8.26 
PAU-14-165 42.00 132.60 90.60 5.47 
including64.0093.0029.006.06  
including115.40 132.60 17.20 6.13 
PAU-14-16624.00 106.90 82.906.70 
including 69.80 106.90 37.109.46 
PAU-14-167 4.20 81.00 76.80 6.30 
including 46.50 81.00 34.50 7.80 
PAU-14-168 3.00 69.20 66.20 10.20 
PAU-14-169 300101.8098.80 7.10 
including 34.80 93.00 58.20 8.36 

Magnetic geophysical survey showing magnetic anomalies associated with mineralised zones.  

Location of the potential target and zones. Black dotted contours represent sectors of existing mineral resources. 

Coordinates and technical data of the drill holes are shown in the table below. Note that the collars are not still accurately surveyed.  

Coordinates & Technical Data of 2014 Drill Holes on western extension of Paul Zone  

TraMan Zone  

The drilling program on TraMan Zone, totalling 4 165 metres in 18 holes (TRM-14-01 to TRM-14-18), was designed to test the aeromagnetic anomaly associated with this sector where surface grab samples gave significant results in P2O5.  A total of seven (7) sections spaced between 200 to 400 meters have been drilled on 1.5 km along the anomaly. This sector is a continuity of the Traverse Zone (magnetic anomaly recognised over a 2 km length) where similar results were obtained by drilling (see press release of May 08, 2012).  

These are 1 571 samples (including QA/QC procedures) which were sent to ALS Chemex Inc. from Val d’Or to be analysed for major elements by the ME-XRF06 method. The table below shows the intersections obtained along the holes drilled (true widths are roughly 75 % of the intersection lengths) on the TraMan Zone with all analytical results.  Overburden is around 3 to 4 vertical meters depth. 

Drill Holes Intersections on TraMan Zone

Drill Hole From (m) To(m)Length along the  drill hole (m.) P2O5 (%)
TRM-14-01 143.60 225.60 82.00 4.48 
including 154.00 200.70 46.70 5.04 
TRM-14-02 6.00 40.10 34.10 5.05 
and 153.00 172.40 19.40 5.64 
TRM-14-03 64.80 199.50 134.70 5.00 
TRM-14-04 64.00 104.00 40.00 5.00 
and 124.70 167.3 42.60 5.04 
TRM-14-05 121.00 159.20 38.20 6.53 
and 209.70 233.20 23.50 4.22 
TRM-14-06 29.00 98.90 69.90 7.26 
including 29.00 76.70 47.70 8.45 
including 65.50 76.70 11.20 11.60 
TRM-14-07 3.00 125.90 122.90 5.71 
TRM-14-08 3.00 85.80 82.80 6.00 
TRM-14-09 65.10 121.30 56.20 4.84 
including 65.10 110.9 45.80 5.30 
and 158.50 176.60 18.10 4.16 
TRM-14-10 39.00 115.00 76.00 5.72 
and 150.40 187.50 37.10 4.71 
and 219.00 235.50 16.50 5.78 
TRM-14-11 63.00 105.10 42.10 6.13 
and 127.10 156.60 29.50 4.92 
and 193.90 216.00 22.10 4.96 
TRM-14-12 3.60 37.20 33.60 4.61 
and 114.50 153.10 38.60 4.55 
and 181.50 195.00 13.50 4.93 
and 208.20 221.70 13.50 3.81 
TRM-14-13 4.60 13.90 9.30 6.11 
and 27.00 46.20 19.20 4.98 
and 68.90 98.30 29.40 6.61 
and 107.60 116.00 8.40 4.48 
and 169.20 184.80 15.60 5.13 
and 201.00 251.50 50.50 5.58 
TRM-14-14 34.70 59.30 24.60 5.48 
and 73.50 93.30 19.80 4.04 
and 101.90 109.30 7.40 5.25 
TRM-14-15 4.50 70.40 65.90 4.09 
including 5.20 35.10 29.90 5.49 
TRM-14-16 17.00 101.20 84.20 4.18 
including 17.00 49.20 32.20 5.18 
and 177.00 197.00 20.00 4.28 
TRM-14-17 46.80 103.50 56.70 4.77 
and133.40162.9029.505.11  
and174.00 294.00 120.00 5.23 
TRM-14-18 3.00 55.50 52.50 5.54 
and130.20 155.70 25.50 4.49 

“We will be performing the required modelling on the results from the Traman zone to determine the size of this additional potential. Combined with the mineralised potential of the Traverse Zone (see press release of May 08, 2012  and table below), that is located just beside TraMan (see figure attached), this sector becomes very attractive for the  Lac à Paul Project.” stated Brian Kenny. 

Coordinates and technical data of the drill holes are shown in the table below. Note that the collars are not still accurately surveyed.  

Coordinates & Technical Data of Drill Holes on TraMan Zone  

Note that the interpretation of all results and drill sections of this drilling campaign will be done by Arianne and will assess the estimation of resource in these two sectors as soon as possible.   

Magnetic geophysical survey showing magnetic anomalies associated to Traverse and TraMan Zones.  

Traverse Zone  

Drill Holes Intersections on Traverse Zone (2011)  

Drill Hole From (m) To(m)Length along the  drill hole (m.) P2O5 (%)
TRA-11-01 3.10 94.90 91.80 6.61 
TRA-11-02 66.90 107.70 40.80 6.72 
TRA-11-03 3.40 135.00 131.60 4.90 
including 3.40 45.00 41.60 5.03 
and 49.85 72.80 22.95 5.51 
and 87.00 131.00 44.00 5.57 
TRA-11-04 2.50 46.40 43.90 5.49 
and 100.10 132.00 31.90 4.87 
TRA-11-05 3.20 131.3 128.10 5.12 
including 3.20 67.10 63.90 6.66 
and 90.30 131.30 41.00 5.46 
TRA-11-06 3.80 177.00 173.20 6.39 

Coordinates & Technical Data of Drill Holes on Traverse Zone

Mr. Daniel Boulianne, P.Geo., Qualified Person as per NI 43-101, has approved this press release.  

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 38.6% P2O5 (released 24 October 2013) with little or no contaminants. The Company has 87.1 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.  

Contact Information: 

Source: Brian Kenny, CEO Tel: 514-699-7436 brian.kenny@arianne-inc.com  

Info: Derek Lindsay, CFO Tel: 514-594-2372 derek@arianne-inc.com  

Follow Arianne on:  

Facebook: http://www.facebook.com/pages/Arianne-Resources-Inc/113071105425184  

Twitter: http://twitter.com/arianne_dan  

YouTube: http://www.youtube.com/user/ArianneResources  

Flickr: http://www.flickr.com/photos/arianneresources  

Resource Investing News: http://resourceinvestingnews.com/?s=Arianne  

Forward Looking Statements and Information  

This news release contains “forward-looking statements” and “forward-looking information” within the meaning of applicable securities regulations in Canada and the United States (collectively, “forward-looking information”). The forward-looking information contained in this news release is made as of the date of this news release. Except as required under applicable securities legislation, the Company does not intend, and does not assume any obligation, to update this forward-looking information. Forward-looking information includes, but is not limited to, statements with respect to estimated mineral resources, anticipated effect of the completed drill results on the Project, and timing and expectations of future work programs. Often, but not always, forward-looking information can be identified by the use of words such as “plans”, “expects, “is expected”, “budget”, “scheduled”, “estimates”, forecasts”, “intends”,  “anticipates”, or “believes”, or the negatives thereof or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might”, or “will” be taken, occur or be achieved. Any forward looking statement speaks only as of the date on which it is made and except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement. 

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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