RESULTS FOR FIRST QUARTER 2014<\/p>\n\n\n\n
SAGUENAY, QUEBEC – (May 29, 2014) – Arianne Phosphate (the \u201cCompany\u201d or \u201cArianne\u201d) (TSX VENTURE: DAN)<\/strong> (FRANKFURT: JE9N) (OTCBB: DRRSF),<\/strong> a development-stage phosphate company advancing the Lac \u00e0 Paul PhosphateProject in Quebec\u2019s Saguenay region, reported its corporate and financial results for the first quarter ended March 31, 2014. Arianne\u2019s Management\u2019s Discussion and Analysis (MD&A) and Financial Statements for the quarter are available on the Company\u2019s website and on SEDAR at www.sedar.com.<\/a><\/p>\n\n\n\n \u201cOur work in Q1 2014 speaks to our commitment in advancing Lac \u00e0 Paul and maximizing its economic potential,\u201d stated Brian Kenny, CEO of Arianne Phosphate. \u201cWe continue to focus on our major project development objectives: defining and evaluating various project funding alternatives; exploring Lac \u00e0 Paul\u2019s significant upside resource potential; optimizing cash operating costs; negotiating agreements with the First Nation communities; and, working with the government authorities to obtain our environmental permit. Our focus on these critical areas will continue throughout 2014.\u201d <\/strong><\/p>\n\n\n\n o Confirmed Lac \u00e0 Paul would create $12B of economic benefits, with the majority of the spin-offs in the Saguenay region, marking the largest economic impact of any mining project in Quebec in over a decade.<\/p>\n\n\n\n In Q1 2014, Arianne did not generate revenue or positive cash flows as the Company is still a development-stage entity. In the three months ended March 31, 2014, the Company incurred a net loss of $1.4 compared to a loss of $2.2M in the same period in the 2013. The Company\u2019s net loss and cash burn are consistent with our budget.<\/p>\n\n\n\n At quarter-end, the Company had $5.28M cash on hand and working capital of $4.48M, which includes $1.2M in cash reserved for exploration and evaluation expenses. The Company\u2019s working capital will be allocated towards completing critical project development work in 2014. Based on current spending estimates for the year, Arianne anticipates it will need additional financing in 2014.<\/p>\n\n\n\n The Company announces that in December 2013, it proceeded with the issuance of 37,877 common shares at a price of $1.32 per share to officers and employees of the Company (the \u201cBeneficiaries\u201d) as partial payment of year-end bonuses approved by the Board of Directors. In addition to the regulatory 4 month hold period to which the 37,877 shares are subject, such shares may not be sold by the Beneficiaries for a period of one year following their date of issuance. <\/p>\n\n\n\n Furthermore, on April 10, 2014, the Company announced that it had retained the services of Torrey Hills Capital for investor relations services for a 12-month period. The Company would like to correct this statement as the term of the Torrey Hills Capital engagement is for a three-month period.<\/p>\n\n\n\n Arianne Phosphate (\u201cArianne Phosphate Inc.\u201d) (www.arianne-inc.com<\/a>)<\/a> is developing the Lac \u00e0 Paul phosphate deposits located approximately 200 km north of the Saguenay\/Lac St. Jean area of Quebec, Canada. These deposits will produce a high quality igneous apatite concentrate grading 39% P2<\/sub>O5<\/sub> with little or no contaminants. The Company has 87,087,755 million shares outstanding.<\/p>\n\n\n\n Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.<\/em><\/p>\n\n\n\n Contact Information:<\/strong><\/p>\n\n\n\nQ1 2014 Corporate & Financial Highlights <\/h2>\n\n\n\n
Post \u2013 Q1 2014 Highlights <\/h2>\n\n\n\n
o Addition of 78Mt of inferred resource at 5.34% P2<\/sub>O5 <\/sub>at the Nicole Zone
o Identification of a new potential target zone in the range of 260Mt – 390Mt with grades ranging from 5.34% to 7.13% P2<\/sub>O5 <\/sub> <\/strong> <\/li>Financial Summary <\/h2>\n\n\n\n
Liquidity<\/h2>\n\n\n\n
Other Corporate Updates <\/h2>\n\n\n\n
About Arianne Phosphate<\/h2>\n\n\n\n