SAGUENAY, QUEBEC – (April 9, 2015) – Arianne Phosphate (the “Company” or “Arianne”) (TSX VENTURE: DAN) (FRANKFURT: JE9N) (OTCBB: DRRSF), a development-stage phosphate mining company, advancing the Lac à Paul project in Quebec’s Saguenay-Lac-Saint-Jean region, has been notified by the Bureau d’Audiences Publiques sur l’Environnement (BAPE) that public hearings on the Company’s Lac-à-Paul phosphate project will be on April 27 in Saguenay, Quebec. This public hearing marks the second phase of the permitting process required to secure approvals and commence development of Arianne’s Lac-à-Paul.
“We have been anticipating the public hearing process for some time and are extremely pleased to be able to proceed on this very significant milestone,” said Mr. Jean-Sebastien David, Chief Operating Officer of Arianne Phosphate. “We have significantly advanced the project since we filed the impact study in October 2013. Our project has extremely robust economics and will produce one of the highest quality, low contaminant phosphate concentrates in the world. Successful completion of the permitting process is a key priority for us in 2015. We very much look forward to presenting our project to the BAPE, a project which we believe is poised to become a major producer of phosphate concentrate.”
In a letter addressed to Mr. David, Quebec’s Minister of Sustainable Development, Environment and the Fight Against Climate Change, David Heurtel, indicated that the public hearing process will consist of two parts. In the first part, individuals and interested groups will be able to ask questions about the project and information filed by the Company. In the second, the BAPE commission will hear opinions and suggestions from individuals and groups in the form of an oral presentation or a brief. At the end of the public hearing the BAPE will submit its report which will contain its findings as well as the analysis to the Minister.
Arianne began the process to secure permitting with a presentation on its Lac a Paul project at a public information session held on February 18, 2015 in Saguenay. The public information session was followed by a 45-day public consultation process. As part of its public consultation process, Arianne made its Environmental Impact Assessment Study and supporting documentation delivered to the Ministry of Sustainable Development, Environment, Wildlife and Parks publicly available through its website, www.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 95,325,755 million shares outstanding.
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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, anticipated effect of the additional metallurgical tests 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.