Full text of October Newsletter Arianne Resources Inc. Newsletter – October 2011Dear Shareholder;As we provide a brief update on recent developments at Arianne Resources, it is important to take a moment to celebrate small victories in light of a volatile market environment. The month of September was marked byuncertain times for equity markets. The fertilizer sector was hit particularly hard during this period, resulting in an average share price decline of 15% on major fertilizer producers. Meanwhile, Arianne’s share price saw a modestgain over the same period, a performance attributable to the quality of the Lac-à-Paul deposit.Even in the face of market uncertainty, the mining industry is running at full capacity with several mining projects advancing from development to construction phase. The mining boom puts pressure on manufacturers andsuppliers. In this kind of market context, Arianne will deliver its pre-feasibility study in the coming weeks, and the study is expected to meet market expectations. Update of the Lac à Paul Project Pre-feasibility studyThe Company is finalizing its Lac-à-Paul pre-feasibility study. Previous communications anticipated the study’srelease in September; however, delays in obtaining reports from third party consultants have led to a postponementon the study’s release. The Company has not received the final report on the fabrication of an apatite concentratefrom a bulk sample of the Paul Zone, and is awaiting receipt of a report detailing the manufacture of phosphoricacid and a fertilizer from the same concentrate. These reports are essential to the pre-feasibility study beingfinalized. Both reports should be available in the coming weeks. DrillingThe Company has commenced a round of drilling on a new prospective zone called Nicole at Lac-à-Paul. Eighteen(18) holes, totalling 3563 metres, are being tested at the Nicole Zone, just east of the Paul Zone. The visual resultsindicate that nelsonite (the host rock of the phosphate mineralization) has been recognized over a strike length of500 metres. Intersections have been recognized to a vertical depth of 300 metres. Assay results are pending.