CHICOUTIMI, QUEBEC – (May 12, 2008) - Arianne Resources Inc. (Arianne)(TSX VENTURE:DAR)(FRANKFURT:JE9)(OTCBB:DA... would like to announce that subject to regulatory approval, it intends to proceed with a spin-off of its Mexican Properties to a NewCo with the intention to build a strong exploration company in Mexico. The initial ownership of NewCo will mirror the shareholder base of the Company, on a pro-rata basis, at the time of the reorganization with the ratio and record date to be determined by the Board of Directors of the Company. It is anticipated that NewCo will seek a stock exchange listing and complete equity offerings to further develop the El-Rey and San-Jose properties and acquire additional properties. The spin-off will be subject to meeting certain regulatory requirements.
Bernard Lapointe, President and CEO of Arianne, stated, "The recent sampling results, which returned an average of 1.07 g/t Au and 13.95 g/t Ag along a 40-meters strike (see press release dated April 30th, 2008), seem to confirm the historical high grades found on the El Rey property. The management believes by establishing a new public vehicle to develop the Mexican properties, existing Arianne shareholders will be rewarded as management will be able to unlock the true value of the El-Rey property."
NewCo will focus on exploration principally for gold and silver in Mexico, while Arianne will continue to focus on the development of its Canadians projects. NewCo's initial property portfolio will comprise two properties, the El-Rey and the San-Jose. See the following links for more information on the properties: http://arianne-inc.com/fichiers/Proj... and http://arianne-inc.com/fichiers/Proj... .
The Company is currently finalizing the terms and conditions of the proposed restructuring and will update its shareholders once specific details have been confirmed.
Bernard Lapointe Goes "Beyond the Press Release"
Please join President and CEO, Bernard Lapointe as he goes "Beyond the Press Release" to provide shareholders with an audio address that further discusses this press release. The address will be available on the Arianne Resources Investor Relations Hub at www.agoracom.com/ir/arianne on or before May 16, 2008.
Arianne Resources is a Canadian exploration company with the primary mission to explore, find and develop gold and uranium deposits in Canada and Mexico. The content of this press release was reviewed and approved by Mr. Bernard Lapointe, Ph.D. geo. and Qualified Person as defined in NI 43-101.
Investors are encouraged to visit Arianne Resources investor relations hub at www.agoracom.com/IR/Arianne to ask questions and receive answers or consult the questions and answers already posted by other investors. Investors can send all questions or requests for information to DAR@agoracom.com and they may also apply to be added to the mailing list to receive future press releases and updates timely.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
CONTACT INFORMATION:
Arianne Resources Inc
Source: Mr. Bernard Lapointe
CEO
418-549-7316
Fax: 418-549-5750
bernard@arianne-inc.com
or
Arianne Resources Inc
Mr. Norman Forrest
VP - Development
450-736-0453
norman@arianne-inc.com
or
ARGENTUMINVEST GmbH
Richard Mayr - Germany
Investor Relations
+49-9421-785250
info@argentuminvest.com
or
AGORACOM- Toronto
Investor Relations
www.agoracom.com/ir/Arianne
dar@agoracom.com
