DAN: TSX-V (Canada)
JE9N: FSE (Germany)
DRRSF: OTC (USA)
-Agreement will allow for greater representation into the Indian market
SAGUENAY, QC, March 19, 2019 /CNW Telbec/ - Arianne Phosphate (the "Company" or
"Arianne") (TSXV: DAN) (OTC: DRRSF) (FRANKFURT: JE9N), a development-stage phosphate mining company, advancing
the Lac à Paul project in Quebec's Saguenay-Lac-Saint-Jean region, is pleased to announce that
it has entered into an agency agreement with Compagnie Indo Française de Commerce ("CIFC") to market and sell Arianne's
high-purity, low-contaminant phosphate concentrate into the Indian market.
"This agreement is another meaningful step for our Company," said Brian Ostroff, CEO of Arianne
Phosphate. "India is the world's largest importer of phosphate and, having on the ground
representation for our product, will help accelerate Arianne's commercial penetration into the market. With discussions already
underway with several potential Indian customers, we believe that CIFC's long-standing relationships with many of these large
players will help us advance and conclude these offtake discussions."
Based in New Delhi, India, Compagnie Indo Francaise de Commerce Pvt. Ltd. is a private
company founded in 1967. CIFC's business includes the trading, sale, marketing and supply of critical raw materials to
India, including fertilizers, agricultural chemicals and animal feeds. As a pioneer in the
marketing of fertilizers and fertilizer raw materials into India, CIFC has a long-established
reputation with many of the region's largest fertilizer and agricultural entities.
"We are excited by the opportunity of bringing this high-quality phosphate to India," said
Mr. Santosh Sekharan of CIFC Pvt. Ltd., "Phosphate concentrate of this nature is very limited and,
the combination of our strong and historic relationships coupled with Arianne's product should allow us to generate considerable
sales into the Indian market."
Qualified Person
Jean-Sébastien David, P.Geo., Qualified Person by NI 43-101, has approved this release. Mr. David is also the Company's
Chief Operating Officer.
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 (Feasibility Study released in
2013). The Company has 105,803,943 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,
anticipated quality 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 approval, 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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