Arianne announces MOU agreement with Constructions Proco Inc. to act as a key technical supplier to the Lac à Paul project

DAN: TSX-V (Canada)
JE9N: FSE (Germany)
DRRSF: OTC (USA)

SAGUENAY, QC, Feb. 16 , 2017 /CNW Telbec/ - Arianne Phosphate (the "Company" or "Arianne") (TSXV: 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 the signing of a memorandum of understanding (''MOU'') with Constructions Proco Inc. ("Proco"). The agreement will cover structural and architectural engineering, steel fabrication and construction of the mill process and utilities buildings and, on-site stock pile storage.

"Our Lac à Paul project stands to greatly benefit from Proco's experience, a company from the Saguenay-Lac-Saint-Jean region. This selection fits into Arianne's commitment to advance the project towards development while maximizing the local economic benefits," said Jean-Sébastien David, Arianne's Chief Operating Officer. "Over the past many months, Arianne has been working with potential suppliers for key aspects of the project to provide the necessary technical, engineering and construction services required to develop the Lac à Paul project. The agreement with Proco fits directly into this plan as they are a recognized leader in Canada for the construction of major industrial and mining facilities."

"We acknowledge that many projects faced undue challenges as a result of not having fully addressed the important aspects before the beginning of construction," noted Brian Ostroff, CEO of Arianne. "Our last few months have been all about answering the questions and moving the project from shovel-ready to shovel-ready with cost and scheduling certainty. This has allowed us to work with specialists in various aspects of the project and put together a very comprehensive plan. We believe that this strategy is not lost on potential partners and financiers."

"We are pleased to have concluded an agreement with Arianne on the Lac à Paul project, a major global phosphate development" said Jean-Denis Toupin, General Manager, Proco. "We look forward to providing a "One Source" approach for the design, fabrication and construction of a complete structural and architectural package for the mill process building. After a considerable review of the project and its needs, we believe our expertise in modular structural design will aid in the successful delivery of the project on time and on budget."

About Constructions Proco Inc.
Constructions Proco Inc. operates in the industrial, commercial construction, bridges and steel structures. The company counts itself as one of North America's leader in these industries.

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 97,648,080 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.

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Cautionary Statements Regarding Forward Looking 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"). Forward-looking information includes, but is not limited to, anticipated quality and production of the apatite concentrate at the Lac à Paul project. 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. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: volatile stock price; risks related to changes in commodity prices; sources and cost of power facilities; the estimation of initial and sustaining capital requirements; the estimation of labour and operating costs; the general global markets and economic conditions; the risk associated with exploration, development and operations of mineral deposits; the estimation of mineral reserves and resources; the risks associated with uninsurable risks arising during the course of exploration, development and production; risks associated with currency fluctuations; environmental risks; competition faced in securing experienced personnel; access to adequate infrastructure to support mining, processing, development and exploration activities; the risks associated with changes in the mining regulatory regime governing the Company; completion of the environmental assessment process; risks related to regulatory and permitting delays; risks related to potential conflicts of interest; the reliance on key personnel; financing, capitalization and liquidity risks including the risk that the financing necessary to fund continued exploration and development activities at Lac à Paul project may not be available on satisfactory terms, or at all; the risk of potential dilution through the issue of common shares; the risk of litigation. Forward-looking information is based on assumptions management believes to be reasonable at the time such statements are made, including but not limited to, continued exploration activities, no material adverse change in commodity prices, exploration and development plans proceeding in accordance with plans and such plans achieving their stated expected outcomes, receipt of required regulatory approvals, and such other assumptions and factors as set out herein. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such forward-looking information. Accordingly, readers should not place undue reliance on forward-looking information. Forward-looking information is made as of the date of this press release, and the Company does not undertake to update such forward-looking information except in accordance with applicable securities laws.

SOURCE Arianne Phosphate Inc.