Arianne Announces Second Option Agreement for Lithium on Komo Property, James Bay, Quebec
SAGUENAY, QUEBEC - (Sept. 15, 2009) - The management of Arianne Resources Inc. (TSX VENTURE:DAN) (FRANKFURT:JE9) (OTCBB:DRRSF) ("Arianne") is pleased to announce that it has entered into a letter of intent with a private company ("Private Company") granting to the Private Company the right to acquire a 100% interest in all lithium and Rare Earth Element (REE) in 114 mining claims representing the remaining of the Komo property, James Bay, Quebec through an initial payment of $50,000 and the issuance of 600,000 common shares of the Private Company, after an Initial Public Offering (IPO) or the transfer of the option to an already listed company, no later than six months after the signature of a definitive option agreement (200,000 common shares on the IPO or the transfer and 4 subsequent 100,000 common shares payments after 6, 12, 18 and 24 months). In addition, Arianne will be granted a 1.0% net smelter return royalty on the property. The Private Company will be able to purchase half of the royalty (0.5%) for $500,000 (see www.arianne-inc.com KOMO PROJECT, JAMES BAY).
In addition the Private Company can earn a 50% interest in the gold and other metals in the Komo Property by spending $150,000 in exploration in the next 18 months.
The Komo property is located in James Bay, Quebec and is comprised of a total of 139 mining claims covering approximately 7,200 hectares. 25 of these claims are already under option by Lithium One (TSX VENTURE:LI) and enclose Cyr-2 showing (see May 27 and August 28, 2009 press releases). The others 114 claims are now under option. This last option will provide Arianne the opportunity to play the exciting lithium game.
Completion of the property acquisition is subject to regulatory approval, including the approval of the TSX Venture Exchange, and entering into of a definitive option agreement.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
CONTACT INFORMATION:
Source: Arianne Resources Inc.
Mr. Bernard Lapointe, CEO
418-549-7316
Fax: 418-549-5750
bernard@arianne-inc.com
or
For info: Arianne Resources Inc.
Mr. Norman Forrest, strategic consultant
450-736-0453
norman@arianne-inc.com
