SAGUENAY, QUEBEC – (March 31 , 2025) – Arianne Phosphate (the “Company” or “Arianne”) (TSX VENTURE: DAN; OTCQX: DRRSF; FRANKFURT: JE9N), a development-stage phosphate mining company, advancing the Lac à Paul project in Quebec’s Saguenay-Lac-Saint-Jean region, today is announcing that it will issue 10,824,601 common shares at a price of $0.1809 per share, in lieu of cash, as its annual interest payment to Mercury Financing Corp. (“Mercury”) as at March 31, 2025.  As part of the agreement with Mercury, Arianne has at its sole option the ability to pay its interest by way of cash or shares and, such cash amount would have been equal to $1,958,170.24. The Company has elected to pay this amount in common shares with these securities issued being subject to a hold period ending August 1, 2025.  As well, Arianne will issue 5 million non-transferable share purchase warrants to Mercury, having an expiration on March 31, 2026, and an exercise price of $0.33 per share (see Press Release dated March 18, 2021).  Under the terms of the agreement, the Company had undertaken to raise additional funds, by way of equity in the amount of $3M within the 1-year anniversary of the closing of the transaction