SAGUENAY, QUEBEC – (Aug. 18, 2008) - Arianne Resources Inc. (TSX VENTURE:DAR)(FRANKFURT:JE9)(OTCBB:DA... ("Arianne" or the "Corporation") has arranged a financing for maximum proceeds of $1,500,000 with Northern Securities Inc. ("Northern"). The placement consists of the issue of up to $500,000 in Units and up to $1,000,000 in Flow-Through Units (the "Offering"). Each Unit will consist of one common share (at the price of $0.06) and one common share purchase warrant (at the price of $0.08). Each Flow-Through Unit will consist of one flow-through common share (at the price of $0.075) and one half of a common share purchase warrant (at the price of $0.09). The warrants will be exercisable for two years after the closing. The new shares are subject to a four-month minimum hold period. Under the terms of the engagement with Arianne, Northern will act as the lead agent and conduct the offering on a best efforts basis. This financing is subject to the approval of the TSX Venture Exchange.
In addition, the Corporation has granted to Northern. an option exercisable at any up to 24 hours prior to the closing of the Offering to increase the size of the financing by up to 50% under the same terms and conditions and at the same price as the Offering (the "Broker's Option").
This financing will be used to increase the resources calculation in the titanium/phosphorus deposit of Lac a Paul, Quebec. Arianne's historic resources are 20.1 million metric tons grading of 4.43% Titanium and 3.78% P2O5 in Zone 1 and 17.6 million metric tons grading of 4.34% Titanium and 4.27% P2O5 in Zone 2. SGS-Geostat has been retained to bring this historic calculation to the NI 43-101 standard and to provide Arianne with a Preliminary Assessment Report for the project. A minimum of 5,000 m of drilling is planned with an average depth of 50 m per hole. More details will be disclosed at the beginning of the drilling campaign.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. Arianne Resources Inc. (Arianne)
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.
