Arianne to change name to Arianne Phosphate Inc. and sell non-phosphate assets

Saguenay, Québec (January 14, 2013) – Arianne Resources Inc. (the “Company” or “Arianne”) announced today that it will seek shareholders’ approval to change its name to “Arianne Phosphate Inc.” at its next annual general meeting of shareholders in May, 2013 to recognize the focus of its activities on developing the world class Lac à Paul phosphate deposit. Such name change will also be subject to regulatory approval.  

The Company also announced its intention to divest all non-phosphate exploration properties in order to focus exclusively on becoming a leading Canadian Phosphate producer. The decision to sell these non-core assets is a logical step in  Arianne’s evolution and reflects the transition of the Company from exploration to mine development.  

 ”This divestiture will enable the Company to focus all its financial and management resources on developing its major phosphate deposit at Lac a Paul, in particular completing the Bankable Feasibility Study commenced last summer.” stated the Company’s Chairman of the Board, Mr. Pierre Lortie.  

Post divestiture, the assets remaining in Arianne will be exclusively focused on phosphate. The primary assets are the Lac a Paul deposits as well as some other phosphate exploration properties. The projects to be sold include: Heva, La  Dauversière, Black Dog, Chico, Dulain, and Terres Rares. The Company expects to complete the divestment process during 2013.  

The Board of Directors of the Company announces the grant of 50,000 stock options to one officer pursuant to its stock option plan and subject to regulatory approval. The stock options are exercisable for a term of 10 years at an exercise price of $1.12 per share.  

Arianne Resources (www.arianne-inc.com) owns and is developing the Lac a Paul phosphate-titanium deposit that produces a superior grade apatite concentrate grading close to 39% P2O5. The Company currently has 75 M shares issued.  

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

Info: Jim Cowley, President Tel: (801) 599-3789 jim@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

Resources 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.