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CHICOUTIMI, QUEBEC - (Aug. 22, 2008) - Arianne Resources (TSX VENTURE:DAR) (FRANKFURT:JE9) (OTCBB:DARUF) reports the following modifications to stock options grants that were awarded in 2008, to comply with the minimum exercise price rule of the TSX Venture.
The following previously awarded stock options have been cancelled:
1,200,000 stock options @ $0.08 announced February 6, 2008;
350,000 stock options @ $0.09 announced February 25, 2008 and
1,150,000 stock options @ $0.07 announced August 4, 2008.
Those 2,700,000 stock options are being re-awarded today at a price of $0.10 to the same insiders. They will expire August 22, 2013.
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.
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
Investor Relations
AGORACOM- Toronto
www.agoracom.com/ir/Arianne
dar@agoracom.com
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Mr. Lapointe provides an update on the Phosphorus (P2O5)- Titanium (TiO2) Project
