SAGUENAY, QUEBEC–(Marketwire – Aug. 24, 2011) – Mr. Bernard Lapointe, Chairman and Chief Executive Officer of Arianne Resources Inc. (the “Company” or “Arianne”) (TSX VENTURE:DAN)(FRANKFURT:JE9N)(OTCBB:DRRSF) is pleased to announce the appointment of Jim Cowley as President of the Company and the appointment of Dave DeBiasio as Director of the Company.
Mr. Cowley is metallurgical engineer, with an MBA in finance who has served on the Board of the Company since January 2011. For much of his career Mr. Cowley has acted as a negotiator in the sale and purchase of assets in the resource sector with such companies as Exxon, Climax Molybdenum and Rio Tinto. Upon joining Arianne, Mr. Cowley will be immediately tasked with finding both customers and development partners for the proposed Lac à Paul open pit phosphate mine. He will also be concerned with actively marketing Arianne Resources in Western Canada and the United States. Cowley will continue to be based in Utah, United States, and will make frequent trips to Quebec.
Mr. DeBiasio is a metallurgical engineer. He began his career with Alcan in Arvida, Quebec. He continued to garner experience in the field with Cominco, Cominco Fertilizers and Agrium. At the time of his retirement, DeBiasio was Vice President, Energy and Raw Materials at Agrium, a leading global fertilizer company. Agrium has actively participated in the development of a phosphate mine in Kapuskasing, Ontario, which is the only phosphate mine currently operating in Canada.
“The addition of such fine talents to our team marks a turning point for Arianne. The involvement of Jim as President aligns aptly with our marketing strategy following the expected release of the prefeasibility study for Lac à Paul due out next month. His experience in marketing and negotiation will be of great help to the Company in the development of the Lac à Paul phosphorus-titanium project. Dave’s past experience in phosphate mine development will also be vital to steering the company forward along a most beneficial path.” commented Bernard Lapointe, CEO of the Company.
The Company announces the issuing of 2.05 million options to its directors and officers at a price of $ 1.37. These appointments are subject to acceptance by regulatory authorities.
Canada Phosphate (www.canadaphosphate.com) is the wholly owned subsidiary of Arianne Resources and develops the Lac à Paul phosphorus-titanium deposits. These deposits should produce an high quality igneous apatite concentrate grading about 40% P2O5 with little or no contaminant. Arianne (www.arianne-inc.com) is a Canadian exploration company whose primary mission is to explore and develop gold, silver and other metal deposits in Canada and Mexico. The Company has 65 million shares outstanding.
