DAN: TSX-V (Canada)
JE9N: FSE (Germany)
DRRSF: OTC (USA)
SAGUENAY, QC, Nov. 24, 2017 Arianne Phosphate (the "Company" or
"Arianne") (TSXV: DAN) (OTC: DRRSF) (FRANKFURT: JE9N) , regretfully announces the passing of
its Chairman of the Board Mr. Jean Lamarre. Mr. Lamarre died on November 22 after a brief and courageous fight with illness. Mr. Lamarre joined the Arianne board as its
Chairman in March of 2016 and was a strong and guiding force on the board and within the Company. On behalf of the entire Arianne
team, we want to extend our deepest sympathies to Mr. Lamarre's wife and family.
"The loss of Jean will leave a void," said Brian Ostroff, CEO of Arianne Phosphate. "He
sat on many boards and served many causes; he touched a lot of people and will be greatly missed by those who had the good
fortune of knowing and working with him. Although Jean was constantly busy, he seemed to always have time. Jean made
those around him better, sharing his wisdom and guidance gained through his years of experience. His leadership will be
greatly missed and this void deeply felt."
About Arianne Phosphate
Arianne Phosphate ("Arianne Phosphate Inc.") ( www.arianne-inc.com ) is developing the Lac à 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%
P2O5 with little or no contaminants. The Company has 100,530,580 million shares outstanding.
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.
Follow Arianne on:
Facebook: https://www.facebook.com/ariannephosphate
Twitter: http://twitter.com/arianne_dan
YouTube: http://www.youtube.com/user/ArianneResources
Flickr: http://www.flickr.com/photos/arianneresources
Resource Investing News: http://resourceinvestingnews.com/?s=Arianne
Cautionary Statements Regarding Forward Looking Information
This news release contains "forward-looking statements" and "forward-looking information"
within the meaning of applicable securities regulations in Canada and the United States (collectively, "forward-looking information"). Forward-looking information includes, but
is not limited to, anticipatedquality and production of the apatite concentrate at the Lac à Paul project. Often, but not always,
forward-looking information can be identified by the use of words such as "plans", "expects, "is expected", "budget",
"scheduled", "estimates", forecasts", "intends", "anticipates", or "believes", or the negatives thereof or variations of such
words and phrases or statements that certain actions, events or results "may", "could", "would", "might", or "will" be taken,
occur or be achieved. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may
cause the actual results, level of activity, performance or achievements of the Company to be materially different from those
expressed or implied by such forward-looking information, including but not limited to: volatile stock price; risks related to
changes in commodity prices; sources and cost of power facilities; the estimation of initial and sustaining capital requirements;
the estimation of labour and operating costs; the general global markets and economic conditions; the risk associated with
exploration, development and operations of mineral deposits; the estimation of mineral reserves and resources; the risks
associated with uninsurable risks arising during the course of exploration, development and production; risks associated with
currency fluctuations; environmental risks; competition faced in securing experienced personnel; access to adequate
infrastructure to support mining, processing, development and exploration activities; the risks associated with changes in the
mining regulatory regime governing the Company; completion of the environmental assessment process; risks related to regulatory
and permitting delays; risks related to potential conflicts of interest; the reliance on key personnel; financing, capitalization
and liquidity risks including the risk that the financing necessary to fund continued exploration and development activities at
Lac à Paul project may not be available on satisfactory terms, or at all; the risk of potential dilution through the issue of
common shares; the risk of litigation. Forward-looking information is based on assumptions management believes to be reasonable
at the time such statements are made, including but not limited to, continued exploration activities, no material adverse change
in commodity prices, exploration and development plans proceeding in accordance with plans and such plans achieving their stated
expected outcomes, receipt of required regulatory approvals, and such other assumptions and factors as set out herein. Although
the Company has attempted to identify important factors that could cause actual results to differ materially from those contained
in the forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or
intended. There can be no assurance that such forward-looking information will prove to be accurate, as actual results and future
events could differ materially from those anticipated in such forward-looking information. Accordingly, readers should not place
undue reliance on forward-looking information. Forward-looking information is made as of the date of this press release, and the
Company does not undertake to update such forward-looking information except in accordance with applicable securities
laws.
SOURCE Arianne Phosphate Inc.
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