Arianne Phosphate Receives an Investment from the Government of Quebec for its Lac a Paul Project

Arianne Phosphate (the “Company” or “Arianne”) (TSX VENTURE: DAN; OTC: DRRSF; FRANKFURT: JE9N), a development-stage phosphate mining company, advancing the Lac à Paul project in Quebec’s Saguenay-Lac-Saint-Jean region is pleased to announce that it has received an investment from the Government of Quebec by way of private placement of $1,407,000 into the common shares of Arianne.

Brian Ostroff, CEO of Arianne Phosphate, said:

“By making this investment, the Government of Quebec is helping to pave the way forward for this important project. This is the second investment that Arianne has received from the Government and, I believe, is an acknowledgement of the progress that we have made towards advancing the project.

The development of Lac à Paul will strengthen the region’s economy, providing several thousand jobs and pioneering a new long-lasting industry for Quebec. It also helps to move the asset towards development to the benefit of stakeholders and, of course, provides the Province with the added economic benefit of being a shareholder in this asset. I look forward to their continued support as the project moves through the project financing stage.”

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