Adriana Recieves 'IT' Environmental Permit for Brazilian Deep Sea Port Facility
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TORONTO, ONTARIO -- (Marketwire) -- 09/14/10 -- Adriana Resources Inc. ('Adriana' or the 'Company') - (TSX VENTURE: ADI) is pleased to announce that we have received the IT Environmental Permit for our iron ore port development project (the 'Port') located in Sepetiba Bay, approximately 70 kilometers west of Rio de Janeiro, Brazil. The development will result in a deep sea port with an export capacity of 45 million tonnes per year. Allen J. Palmiere, President and CEO of the Company stated, 'We are very pleased to have received the permit for our port facility and to have achieved this major milestone. It was a lengthy process, but we were confident that our team in Brazil would be successful in satisfying the technical and environmental requirements of the State of Rio de Janeiro and now that we have received it we look forward to advancing the project and creating value for all stakeholders. Our Director of Port Development, Mr. Guilherme de Andrade is a critical member of our team and I am grateful for his relentless efforts to obtain the permit'. Adriana will focus on developing strategic relationships with third parties to maximize the potential of the deep sea port. We will be creating employment opportunities and facilitating export opportunities for mining companies with iron ore properties in the Minas Gerias region of Brazil.
ON BEHALF OF ADRIANA RESOURCES INC.
Allen J. Palmiere, President and CEO
Certain information regarding the Company, including the Company's plans to increase and upgrade mineral resources and management's assessment of future plans and operations, may constitute forward-looking statements under applicable securities laws and necessarily involve known and unknown risks and uncertainties. Without limitation, statements relating to potential mineralization and resources, exploration results, mining and development, future plans and objectives of the Company and imprecision of mineral resources estimates, are forward- looking statements that involve various degrees of risk. Certain important risk factors could cause the Company's actual results to differ materially from those expressed or implied by such forward-looking statements including, without limitation, changes in the world wide price of mineral commodities and currency fluctuations, general market conditions, the uncertainty of future profitability and access to sufficient capital, risks inherent in mineral exploration, development, construction and mining operations, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, environmental risks, access to labour and services and competition from other companies. As a consequence, actual results may differ materially from those anticipated in the forward-looking statements and caution should be exercised on placing undue reliance on forward looking information.
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 press release.
Contacts:
Adriana Resources Inc.
Connie Dos Santos
(416) 363-2200
cdossantos@adrianaresources.com
www.adrianaresources.com