Arianne announces a new 43-101 mineral resources estimate on the Paul Zone totaling 702.7 Mt at 7.16% P2O5 (M+I) (1)

EARLY EXPLORATION UNCOVERS TWO NEW INTERESTING SECTORS (NAJA AND MINI-PAUL ZONES)

SAGUENAY, QC, Feb. 18, 2015 /CNW/ - 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 is pleased to report  an updated NI 43-101 resource estimate on its Paul Zone totaling 702.7 million tonnes at 7.16% P₂O₅ with a 4.0% P₂O₅ cut-off grade in the measured & indicated category.⁽¹⁾ This NI 43-101 updated resource estimate was completed by GoldMinds Geoservices Inc., based on last fall's diamond drilling campaign (Paul Eastern Extension) and a complete geological remodeling of the Paul Zone (Paul and its Western Extension).

Through further exploration activities completed last fall, Arianne has identified new measured and indicated resources on Paul Eastern Extension of 12.5 million tonnes at 6.31% P₂O₅ with a 4.0% P₂O₅ cut-off grade. ⁽¹⁾ Additionally, an updated resource estimate from the remodeling on Paul Zone and its Western Extension now amount to 690.2 million tonnes at 7.18% P₂O₅ with a 4.0% P₂O₅ cut-off grade in the measured & indicated category. In total, Arianne's updated resource estimate now shows a 5% increase in measured and indicated resources (702.7 Mt vs 668.7 Mt) over its previously announced resources released on October 14^th of 2014.

"The work that we have done, and results that we have received, continue to expand what is already one of the world's largest Greenfield phosphate rock projects" said Jean-Sebastien David, Arianne Phosphate's COO.  "One of the goals we had looked to accomplish for the Company was the ability to show a 50 year life of mine and, as drilling has expanded the Paul Zone to the west and now to the east, we certainly continue to advance towards that goal."⁽²⁾

The total combined mineral resources estimate for Paul's main Zone and both its extensions is shown in Table 1 broken down by category.


Table 1: Paul Zone, Eastern & Western Extensions Mineral Resource Estimate*

Mineral Resource Estimate  Paul Zone + Eastern Ext.+ Western Ext.	P2O5 %	TiO2 %	Ktonnes
Inferred(3)	6.58	6.39	26 010
Indicated(1)	7.05	7.66	385 060
Measured(1)	7.29	7.78	317 640
Indicated + Measured(1)	7.16	7.71	702 700

*	Table contains rounded numbers

Along with Paul Eastern extension, Mini-Paul and Naja underwent surface exploration work during summer 2014. Moreover, Naja Zone was tested with one diamond drill hole during the fall campaign. It is believed that both Mini-Paul and Naja show strong potential for phosphate occurrence, Figure 1 locates those 3 areas.


Paul Eastern Extension

The drilling program on Paul Eastern Extension totalled 2 782 meters over 14 holes (PAU-14-170 to PAU-14-183). It had been designed to test the aeromagnetic anomaly associated with this sector. A total of seven (7) sections spaced between 100 to 300 meters were drilled over 1.2 km along the anomaly. Figure 2 shows the drill holes locations and the drill sections, while coordinates and technical data are shown in Table 2 below.


Table 2: Paul Eastern Extension Drill Holes Coordinates and Technical Data

# Drill Hole		UTM_E Nad 83		UTM_N Nad 83		Azimuth		Dip		Length (m)		Nb of samples		Cross Section
PAU-14-170		375993		5529072		180°		-45°		150		38		S10+50E
PAU-14-183		376011		5529163		179°		-55°		198		32
PAU-14-171		376132		5529109		180°		-45°		279		92		S12E
PAU-14-172		376142		5529040		176°		-45°		162,4		59
PAU-14-174		376338		5529143		180°		-45°		261		99		S14E
PAU-14-175		376328		5529054		181°		-45°		185		29
PAU-14-173		376416		5528884		004°		-45°		294		63		S15E
PAU-14-176		376416		5529019		015°		-45°		181,5		62
PAU-14-177		376443		5528929		005°		-45°		255		100
PAU-14-178		376627		5528930		190°		-45°		126		51		S17E
PAU-14-179		376620		5528968		007°		-45°		249		76
PAU-14-180		376865		5528799		211°		-45°		201		41		S20E
PAU-14-181		376838		5528719		217°		-45°		96		35
PAU-14-182		377004		5528634		201°		-45°		144		52		S22E

There were 830 samples (including QA/QC procedures) sent to ALS Chemex Inc. in Val d'Or to be analysed for major elements, including P₂O₅, by the ME-XRF06 method.

Table 3 below shows the intersections obtained along drill holes (true width are roughly 70 % of the intersection length) on the Paul Eastern Extension, with P₂O₅ grades obtained. Overburden averages 2.8 vertical meters but can reach up to 7 meters.


Table 3: Intersections along Drill Holes on Paul Eastern Extension

Drill Hole	From (m)	To (m)	Length along the drill hole (m.)	P2O5 (%)
PAU-14-170	3.40	17.50	14.10	5.26
PAU-14-171	66.70	103.80	37.10	7.26
PAU-14-172	98.60	105.10	6.50	8.48
PAU-14-173	167.00	205.70	38.70	3.92
including	167.00	174.30	7.30	5.00
and	177.50	183.60	6.10	6.63
and	199.50	205.70	6.20	10.06
PAU-14-174	14.00	126.80	112.80	8.01
PAU-14-175	3.30	37.60	34.30	5.24
and	45.50	50.60	5.10	8.52
and	58.00	75.30	17.30	4.77
and	125.70	138.00	12.30	4.42
PAU-14-176	24.60	126.00	101.40	5.89
including	86.60	126.00	39.40	7.78
PAU-14-177	7.00	219.20	212.20	5.77
including	7.00	34.10	27.10	7.06
and	144.00	216.00	72.00	7.92
PAU-14-178	4.00	36.00	32.00	3.19
and	52.50	75.70	23.20	7.88
PAU-14-179	78.40	137.40	59.00	4.57
and	142.30	211.00	68.70	6.49
PAU-14-180	62.30	93.00	30.70	3.65
including	69.00	81.20	12.20	5.06
PAU-14-181	11.20	27.00	15.80	5.27
and	67.20	72.90	5.70	3.63
PAU-14-182	4.50	29.50	25.00	6.46
PAU-14-183	38.20	59.90	21.70	10.30
including	113.40	119.50	6.10	6.98

The mineral resource estimate on Paul Eastern Extension (Table 5) considers diamond drill holes (Pau-14-170 to Pau-14-183) and 44 trenches (locations in Table 4), a fixed density of 3.41 t/m³, the LIDAR 3D topographic survey, high resolution airborne magnetic geophysical survey (HeliMAGerTM) completed in February 2014, variable search ellipsoids with steeply South dipping axis in accordance to the axis defined by the magnetic survey, and using the first primary derivative for contacts and extents.


Table 4: Paul Eastern Extension Trenches Locations

# Trench	UTM_E Nad 83	UTM_N Nad 83	Azimuth	Length (m)
TRC-PAU-14-01_R-1	376265	5529083	330	5
TRC-PAU-14-01_R-2	376266	5529090	350	10
TRC-PAU-14-01_R-3	376264	5529100	345	5
TRC-PAU-14-02_R-1	376358	5528994	20	10
TRC-PAU-14-02_R-2	376368	5529017	15	7
TRC-PAU-14-02_R-3	376371	5529023	10	10
TRC-PAU-14-03_R-1	376373	5528928	15	8
TRC-PAU-14-03_R-2	376376	5528936	15	2
TRC-PAU-14-03_R-3	376374	5528941	32	3
TRC-PAU-14-03_R-4	376372	5528947	48	1.5
TRC-PAU-14-03_R-5	376373	5528949	48	2
TRC-PAU-14-03_R-6	376374	5528951	48	1.25
TRC-PAU-14-03_R-7	376374	5528952	29	5
TRC-PAU-14-03_R-8	376368	5528960	20	24
TRC-PAU-14-04_R-1	376300	5528914	30	4
TRC-PAU-14-04_R-2	376300	5528918	28	11
TRC-PAU-14-05_R-1	376484	5528920	65	1
TRC-PAU-14-05_R-2	376485	5528920	110	2
TRC-PAU-14-05_R-3	376485	5528925	81	4
TRC-PAU-14-05_R-4	376488	5528923	1	2
TRC-PAU-14-06_R-1	376545	5528999	345	2.5
TRC-PAU-14-06_R-2	376546	5529003	345	3
TRC-PAU-14-06_R-3	376548	5529007	345	3
TRC-PAU-14-06_R-4	376550	5529011	345	2.5
TRC-PAU-14-07_R-1	376624	5528844	54	8
TRC-PAU-14-07_R-2	376633	5528849	20	2
TRC-PAU-14-07_R-3	376633	5528852	20	2
TRC-PAU-14-07_R-4	376635	5528853	20	7
TRC-PAU-14-08_R-1	377129	5528709	10	10
TRC-PAU-14-08_R-2	377134	5528719	355	4.5
TRC-PAU-14-09_R-1	376239	5529041	352	5
TRC-PAU-14-09_R-2	376240	5529046	340	2
TRC-PAU-14-09_R-3	376240	5529049	354	3
TRC-PAU-14-09_R-4	376241	5529052	354	3
TRC-PAU-14-09_R-5	376243	5529058	351	2
TRC-PAU-14-10_R-1	376408	5529035	248	5.7
TRC-PAU-14-10_R-2	376405	5529039	25	3.7
TRC-PAU-14-10_R-3	376407	5529042	8	4.5
TRC-PAU-14-10_R-4	376411	5529046	351	2
TRC-PAU-14-10_R-5	376410	5529048	333	3.3
TRC-PAU-14-10_R-6	376408	5529053	333	4
TRC-PAU-14-10_R-7	376409	5529057	340	5.5
TRC-PAU-14-10_R-8	376410	5529062	350	5.5
TRC-PAU-14-10_R-9	376408	5529068	5	3.2

Table 5: Mineral Resource Estimate of the Paul Eastern Extension using a cut-off grade of 4.0% P₂O₅ *

Mineral Resource Estimate  Paul Eastern Extension	P2O5 %	TiO2 %	Ktonnes
Inferred(3)	6.46	6.19	12 520
Indicated(1)	6.32	6.02	12 390
Measured(1)	5.30	6.41	90
Indicated + Measured(1)	6.31	6.03	12 480

*	Table contains rounded numbers

Data used for the estimate for Paul Eastern Extension:

• Fourteen (14) diamond drill holes on Paul Eastern Extension (Pau-14-170 to Pau-14-183);
• Forty four (44) trenches;
• Total drilled length of 2 782 meters;
• Total trenched length of 215 meters;
• 940 assay results for P₂O₅, TiO₂, SiO₂, Fe₂O₃, AL₂O₃, CaO, K₂O, Na₂O, MnO & MgO;
• 857 deviation data;
• 263 lithological description records.

 

Parameters for the estimate are:

• 3 meters Composites;
• Rectangular blocks of 10mE x 10mN x 15mZ meters;
• The Paul Eastern Extension is currently modelized using a single envelope.
• A fixed density of 3.41 t/m³
• Grades were estimated using inverse distance squared interpolation. For the Paul Eastern Extension four (4) runs with the following parameters were used: runs one and two with a number of composites limited to fifteen (15) and to a minimum of 10 with a maximum of five (5) from the same drill hole. Passes three and four with a number of composites limited to fifteen (15) and to a minimum of five (5) with a maximum of five (5) from the same drill hole.
• A variable direction search ellipsoid was used for the grade estimation. For run one (1) the search ellipse size is 150 x 150 x 35 meters; the search ellipses were identical for passes two (2) and three (3) 250 x 250 x 50; for the pass four (4) a larger ellipse was used 350 x 350 x 75m.
• The classification parameters were:
  • Measured with at least two (2) drill holes within a 30 x 30 x 15 m variable direction ellipse. Minimum of 8 composites.
  • Indicated with at least two (2) drill holes in a 100 x 100 x 50 m variable direction ellipse. Minimum of 6 composites.
  • Inferred with a drill hole with five (5) composites in 180 x 180 x 90 m variable direction ellipse.

QA/QC procedures included blanks and standards are in line with expected values.


Description of the Updated Mineral Resources

Diamond drill holes (Pau-08-01 to Pau-14-169), eight (8) trenches (locations in Table 6 and Table 7), mineralized envelopes related fixed densities were used to update mineral resource estimate on the Paul Zone and its Western Extension (Table 8 to Table 10). Also, the LIDAR 3D topographic survey, high resolution airborne magnetic geophysical survey (HeliMAGer^TM) completed in February 2014 and variable search ellipsoids with steeply South dipping axis in accordance to the axis defined by the magnetic survey, using the first primary derivative for contacts and extents, were used.


Table 6: Paul Trenches Locations

# Trench	UTM_E Nad 83	UTM_N Nad 83	Azimuth	Length (m)
DEC-PAU-13-04-EXT_R-1	375564	5529213	10	5
DEC-PAU-13-04-EXT_R-2	375560	5529218	4	13

Table 7: Paul Western Extension Trenches Locations

# Trench	UTM_E Nad 83	UTM_N Nad 83	Azimuth	Length (m)
DEC-PAU-14-10_R-1	372430	5529757	25	8.8
DEC-PAU-14-10_R-2	372433	5529765	358	3
DEC-PAU-14-10_R-3	372437	5529767	15	25.3
DEC-PAU-14-10_R-4	372443	5529791	12	12.3
DEC-PAU-14-10_R-5	372442	5529806	6	2
DEC-PAU-14-10_R-6	372444	5529807	2	3

Table 8: Mineral Resource Estimate of the Paul Zone and its Western Extension using a cut-off grade of 4.0% P2O5 *

Mineral Resource Estimate  Paul Zone + Western Extension	P2O5 %	TiO2 %	Ktonnes
Inferred(3)	6.68	6.58	13 490
Indicated(1)	7.08	7.71	372 670
Measured(1)	7.29	7.78	317 550
Indicated + Measured(1)	7.18	7.78	690 220

Table 9: Mineral Resource Estimate of the Paul Zone using a cut-off grade of 4.0% P2O5 *

Mineral Resource Estimate  Paul Zone	P2O5 %	TiO2 %	Ktonnes
Inferred(3)	6.63	6.44	10 570
Indicated(1)	7.08	7.73	357 990
Measured(1)	7.28	7.78	314 360
Indicated + Measured(1)	7.18	7.76	672 350

Table 10: Mineral Resource Estimate of the Western Extension using a cut-off grade of 4.0% P₂O₅ *

Mineral Resource Estimate  Western Extension	P2O5 %	TiO2 %	Ktonnes
Inferred(3)	6.88	7.08	2 920
Indicated(1)	6.96	7.17	14 680
Measured(1)	8.06	8.08	3 190
Indicated + Measured(1)	7.16	7.33	17 870

*	Note that tables contain rounded numbers

Data used for the estimate of Paul Zone and its Western extension:

• One hundred sixty (160) diamond drill holes on Paul Zone (Pau-08-01 to Pau-14-160);
• Two (2) trenches on Paul Zone;
• Total drilled length on Paul Zone of 40 653 meters;
• Total trenched length on Paul Zone 18 meters
• 13 587 assay results for P₂O₅, TiO₂, SiO₂, Fe₂O₃, AL₂O₃, CaO, K₂O, Na₂O, MnO & MgO;
• 4 460 deviation data;
• 1 415 lithological description records.

• Nine (9) diamond drill holes on Western Extension (Pau-14-161 to -169);
• Six (6) trenches on Western Extension;
• Total drilled length on Western Extension of 1 323 meters;
• Total trenched length on Western Extension of 54 meters
• 475 assay results for P₂O₅, TiO₂, SiO₂, Fe₂O₃, AL₂O₃, CaO, K₂O, Na₂O, MnO & MgO;
• 412 deviation data; and,
• 65 lithological description records.

Parameters for the estimate are:

• 3 meters Composites;
• Rectangular blocks of 10mE x 10mN x 15mZ meters;
• The Paul Zone is divided into three envelopes (Figure 3): nelsonite, mineralized anorthositic gabbro and mix envelope (combination of the latter two). The nelsonite envelope is generally located to the north and all along the deposit, while mineralized anorthositic gabbro envelope is located, in majority, to the south and only in the central and western part of Paul zone (from cross section S2W to S20W). The third envelope (mix) is generally found in the Eastern portion of the deposit directly to the south contact with the nelsonite envelope (from cross section S2W to S10E). Between cross sections S4E and S7E another envelope of mineralized anorthositic gabbro is present directly to the south of the mix envelope.
• Densities are as follows:
  • Nelsonite envelope 3.57 t/m³ fixed density;
  • Anorthositic gabbro envelope 3.05 t/m³ fixed density;
  • Mix envelope 3.19 t/m³ fixed density;
• Grades were estimated using inverse distance squared interpolation. For the Paul zone four (4) runs with the following parameters were used: runs one and two with a number of composites limited to fifteen (15) and to a minimum of 10 with a maximum of five (5) from the same drill hole. Passes three and four with a number of composites limited to fifteen (15) and to a minimum of five (5) with a maximum of five (5) from the same drill hole.
• A variable direction search ellipsoid was used for the grade estimation. For run one (1) the search ellipse size is 150 x 150 x 35 meters; the search ellipses were identical for passes two (2) and three (3) 250 x 250 x 50; for the pass four (4) a larger ellipse was used 350 x 350 x 75m.
• The classification parameters for Paul Zone were:
  • Measured with at least two (2) drill holes within a 75 x 75 x 30 m variable direction ellipse (for all categories). Minimum of 6 composites.
  • Indicated with at least two (2) drill holes in a 150 x 150 x 60 m variable direction ellipse. Minimum of 6 composites.
  • Inferred with a drill hole with five (5) composites in 350 x 200 x 90 m variable direction ellipse.
• There are only two envelopes, nelsonite and mineralized anorthositic gabbro on the Western Extension.
• Same estimation parameters than Paul Zone were used.
• The classification parameters for Paul Western Extension were:
  • Measured with at least two (2) drill holes within a 60 x 60 x 30 m variable direction ellipse (for all categories). Minimum of 8 composites.
  • Indicated with at least two (2) drill holes in a 120 x 120 x 60 m variable direction ellipse. Minimum of 6 composites.
  • Inferred with a drill hole with five (5) composites in 350 x 200 x 90 m variable direction ellipse.

QA/QC procedures included blanks and standards are in line with expected values.


Current Mineral Reserves

The Paul Zone is the main zone of the phosphate Lac à Paul Project. According to the Company's Feasibility Study (FS, released October 24, 2013), the Paul deposit alone currently has proven and probable reserves of 472 million tonnes of ore at 6.9% P₂O₅ (cut-off grade of 3.5% P₂O₅) and is projected to have a mine life of roughly 26 years. The mineral resource estimate (released March 7, 2013) which was used to establish these reserves reported 590 Mt of measured and indicated resources at 7.13% P₂O₅ with a cut-off grade of 4.0% P₂O₅.


Naja Zone

The 213 meters long drill hole NAJ-14-01 reported an intersection of 131.9 meters along the hole at 6.58 % P₂O₅. These results, combined with those obtained from CDN-12-04, a short hole drilled in this area during 2012, allowed for the interpretation of a mineralized zone ranging 40 to 50 meters in true thickness with a dip of about 63° to the south. Additional drilling is required to estimate potential resources associated with the magnetic anomaly recognised over 2.4 km forming the Naja Zone.

Figure 4 shows the drill holes location on Naja Zone while coordinates and technical data on the drill holes are shown in the Table 11


Table 11: Naja Drill Holes Coordinates and Technical Data

# Drill Hole	UTM_E Nad 83	UTM_N Nad 83	Azimuth	Dip	Length (m)	Nb of samples
NAJ-14-01	377545	5527661	205°	-45°	213	74
CDN-12-04	377490	5527607	000°	-90°	51	10
CDN-12-02	376366	5528381	000°	-90°	51	16

There were 74 samples (including QA/QC procedures), from drill hole NAJ-14-01, sent to ALS Chemex Inc. from Val d'Or to be analysed for major elements, including P₂O₅, by the ME-XRF06 method. Table 12 below shows the intersections obtained along drill holes (true width are roughly 35 % of the intersection length) on the Naja Zone, with P₂O₅ grades obtained. Overburden ranges from 2.8 to 9.2 vertical meters.


Table 12: Intersections along Drill Holes on Naja

Drill Hole	From (m)	To (m)	Length along the drill hole (m.)	P2O5 (%)
NAJ-14-01	3.20	145.10	131.90	6.58
including	37.20	90.00	52.80	8.05
CDN-12-04	21.00	27.00	6.00	6.06
and	44.50	51.00	6.50	6.59
CDN-12-02	42.00	51.00	9.00	4.04

Surface field work carried out during summer 2014 in and around the magnetic anomaly led to the identification of Naja as holding strong potential for phosphate.

Table 13 shows the locations and P₂O₅ grades of 64 grab samples collected during that period. Among these, 55 have returned values greater than 5% P₂O₅, 25 of which have a grade above 10 % P₂O₅. Laboratory analysis were performed by ALS Chemex Inc.

Table 13: Locations (UTM Nad83) and P₂O₅ grade of grab samples collected on Naja Zone

Sample		UTM East		UTM North		% P2O5			Sample		UTM East		UTM North		% P2O5
P290241		376087		5528394		17.31			P290932		377530		5527468		8.946
P288653		377157		5527876		14.529			P288655		377199		5527770		8.751
P290933		377534		5527389		13.265			P288781		377077		5527880		8.232
P288798		377109		5527934		13.094			P288785		378020		5527306		8.124
P290240		376092		5528424		12.924			P290918		377370		5527839		8.048
P290310		377201		5527946		12.495			P288780		376956		5527977		7.427
P288654		377156		5527795		12.298			P288651		376955		5528156		6.921
P290905		376404		5528271		11.803			P290928		377181		5527696		6.858
P290906		376531		5528376		11.419			P290244		376418		5528241		6.698
P290245		376614		5528295		11.39			P288796		377016		5527905		6.67
P290919		376872		5528125		11.223			P290925		376812		5528004		6.572
P288777		377878		5527467		11.21			P288791		376531		5528376		6.501
P290239		376105		5528520		11.206			P290924		376796		5528040		6.232
P290243		376388		5528394		11.137			P290917		377228		5527638		6.214
P288778		377868		5527415		11.066			P290923		376796		5528040		6.054
P288779		377857		5527389		11.047			P288652		377008		5528028		5.945
P290920		376774		5528055		10.857			P288788		377489		5527609		5.897
P288797		377087		5527938		10.759			P288793		376534		5528364		5.582
P288786		377953		5527392		10.579			P290926		376843		5528015		5.453
P288784		378044		5527341		10.569			P288790		377357		5527655		5.286
P288782		378058		5527338		10.505			P288776		377583		5527508		5.204
P290915		376954		5527864		10.477			P288660		377284		5527800		5.183
P288799		377130		5527927		10.32			P290921		376667		5528132		5.001
P290935		378120		5527236		10.228			P288656		377221		5527835		4.422
P288800		377146		5527994		10.082			P288659		377248		5527850		4.246
P288792		376534		5528364		9.937			P290916		377164		5527806		4.206
P288658		377248		5527850		9.614			P288795		376774		5528055		3.778
P290934		378061		5527230		9.475			P290931		377283		5527607		3.144
P288787		377794		5527461		9.375			P290242		376087		5528394		2.757
P290930		377198		5527686		9.234			P290927		376843		5528015		2.009
P288794		376774		5528055		9.027			P288783		378044		5527341		1.557
P290922		377956		5527322		8.987			P290929		377172		5527682		0.656

Three (3) trenches totalled 16 meters long were done during summer 2014. Table 14 and Table 15 below show the locations and the best intersections obtained along the trenches respectively.


Table 14: Naja trenches Coordinates and Technical Data

# Trench	UTM_E Nad 83	UTM_N Nad 83	Azimuth	Length (m)	Nb of samples
TRC-NAJ-14-01_R-1	376529	5528363	74	6	6
TRC-NAJ-14-01_R-2	376537	5528364	72	3	3
TRC-NAJ-14-01_R-3	376539	5528363	30	7	7

Table 15: Intersections along trenches on Naja

# Trench	Length along the trench (m.)	P2O5 (%)
TRC-NAJ-14-01_R-1	6	6.74
TRC-NAJ-14-01_R-2	3	6.83

Mini-Paul Zone

Mini-Paul Zone is associated to a magnetic anomaly just over 700 meters long by about sixty (60) meters wide and is located less than 300 meters south of the Paul Zone. Grab samples with promising P₂O₅ values have been collected on Mini-Paul Zone. Results are showed in Figure 5 while Table 16 gives the samples location and P₂O₅ grades.


Table 16: Locations (UTM Nad83) and P2O5 grades of grab samples collected on Mini-Paul Zone

Sample			UTM East			UTM North			% P2O5
P290674			374639			5529134			13.01
P290673			374680			5529136			12.91
P290247			374937			5529016			11.97
P290679			374889			5529075			11.81
P290678			374872			5529026			9.81
P290246			374679			5529096			8.11
P290675			374639			5529134			3.48
P290676			374647			5529089			2.37
P290677			374647			5529089			1.97
P290611			375137			5529020			1.08

We are once again very pleased with the positive results emanating from our recent drilling and exploration campaigns. They allowed us to confirm the presence of mineralized resources in the eastern extension of the pit already defined by the Feasibility Study (FS, released October 24, 2013). Moreover they have allowed us to validate the presence of two promising new areas, respectively located just South (Mini-Paul) and Southeast (Naja) of the Paul Zone. Results of our work clearly demonstrate the potential to extend the life of our project beyond our most optimistic estimates."⁽²⁾ stated Jean-Sebastien David, COO of Arianne Phosphate Inc.

(1) Cautionary Statements: Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability.

(2) Cautionary Statements: The 50 years target is conceptual in nature, that there has been insufficient exploration to define an indicated and measured mineral resources of that size and that it is uncertain if further exploration will result in the target being delineated as an indicated and measured mineral resource. The target is based on 472 Mt in reserve and other resources on the project (released 24 October 2013) and other resources and potential targets (released May 15^th, June 12^th and October 14^th 2014).

(3) Cautionary Statements: Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability. That it is uncertain if further exploration will result to upgrade this inferred resource at indicated and measured resource.

Mr. Claude Duplessis, ing. GoldMinds Geoservices Inc. Independent Qualified Person as per NI 43-101, has prepared the mineral resources with assistance of Mr. Merouane Rachidi PhD. Géo. Mr. Duplessis is responsible for the technical information presented in the release.

Mr. Daniel Boulianne, Géo., Arianne V.P. of Exploration Qualified Person as per NI 43-101, has approved this press release.


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 region of Quebec, Canada. These deposits will produce a high quality igneous apatite concentrate grading 38.6% P₂O₅ with little to no contaminants. The Company has 95 325 755 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.

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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, statements with respect to estimated mineral resources, anticipated effect of the completed drill results 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.



Contact

Arianne Phosphate Inc.
Source: Jean-Sébastien David, C.O.O., Tel: 418-549-7316, j.s.david@arianne-inc.com; Info: Dino Fuoco, C.F.O., Tel: 514-945-9393, dino.fuoco@arianne-inc.com; Medias: Karyna Tremblay, Community Relations Coordinator, Tel: 418-549-7316, karyna.tremblay@arianne-inc.com