Arianne Resources acquires Pourvoirie du Lac-Paul

Saguenay, November 4, 2011. Arianne Resources Inc.. (the “Company” or “Arianne”) is pleased to announce the acquisition of the Pourvoirie du Lac-Paul (Outfitter). This outfitter holds exclusive hunting and fishing rights on its territory. This acquisition was made necessary by the development of the phosphorus-titanium mining project T Lac  Paul.  

Indeed, a significant portion of mineral resources and the emplacement for the construction of infrastructure and tailings were on the territory of Lac-Paul Outfitter. Although the work of development of deposits are still held in harmony with the hunting and fishing Outfitters, the Company considered important to acquire all of the latter in order to avoid any conflict of potential use.  

The acquisition was made through a private subsidiary owned 100% by Arianne. The Company also announces that most of the outfitting activities will continue as normal. The Company will issue to the seller of the outfitter 386 598  common shares at the price of $1.94 as partial payment for the outfitter plus an amount of $750,000 cash. The transaction is subject to acceptance by regulatory authorities. 

Canada Phosphate (www.canadaphosphate.com ) is the wholly owned subsidiary of Arianne Resources developing the Lac à Paul phosphate-titanium deposits. These deposits should produce a high quality igneous apatite concentrate grading 39% P2O5 with little or no contaminant. Arianne (www.arianne-inc.com ) is a Canadian exploration company whose primary mission is to explore and develop gold, silver and other metal deposits in Canada and Mexico. The  Company has 66 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.  

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

Information: Jim Cowley, President Tel: (801) 599-3789 jim@arianne-inc.com 

Jed Richardson – Investor relations Tel: (416) 840 3325 jed@javelinpartners.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

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.

SHARE ON SOCIAL MEDIA

Share on facebook
Share on twitter
Share on linkedin
Share on email

READ MORE

Invest in Phosphate

Take advantage of the growing demand for phosphate.