Adriana Announces Completion of Mineral Resources Estimate

Adriana Resources Inc. (TSX VENTURE:ADI) ("Adriana" or the "Company") is pleased
to report the recent completion of an updated National Instrument ("NI") 43-101
Mineral Resource estimate ("the estimate") using information from the 43-hole
2010-2011 infill drilling program on the South Zone of the Lac Otelnuk Iron
Project. The estimate was completed by Watts, Griffis and McOuat Limited
("WGM"), Consulting Geologists and Engineers, of Toronto, Canada, and resulted
in 4.89 billion tonnes of Measured and Indicated Mineral Resources and an
additional 1.56 billion tonnes of Inferred Mineral Resources based on a Davis
Tube Weight Recovery ("DTWR") cut-off grade of 18%. The DTWR and Davis Tube
Concentrate (DTC) grades are shown in the table below:




                     Summary of Mineral Resource Estimate
                                                                            
                      (using a DTWR cut-off grade of 18%)
                                                                            
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Resource                Tonnes   % Total Fe                 % SiO2      % Fe
Classification   (in billions)       (Head)   % DTWR         (DTC)     (DTC)
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Measured                  4.40         29.1     27.4           3.4      68.4
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Indicated                 0.49         28.3     26.3           3.2      68.5
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Total M&I                 4.89         29.0     27.3           3.4      68.4
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Inferred                  1.56         29.6     27.1           3.6      68.0
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WGM re-modeled the upper five geological sub-units (2A, 2B, 2C, 3A and 3B) of
the Lac Otelnuk iron formation based on the results of the new drilling.
Specific gravities for the estimation of tonnage were on a per unit basis and
were identical to those used for the original Mineral Resource estimate. The
infill drilling was successful in upgrading the categorization of the Mineral
Resources, which was the main goal of this program.


The estimate was done using an Inverse Distance to the power of one method with
a block size of 100m x 100m x 5m high. Measured Mineral Resources are defined as
blocks being within 350 m of a drillhole intercept, Indicated Mineral Resources
are defined as blocks from 350 m to 500 m from a drillhole intercept and
Inferred Mineral Resources are defined as blocks more than 500 m distance from a
drillhole intercept and interpolated out to a maximum 1,000 m where the drilling
is more sparse. The deeper mineralization on the northeastern extension of the
deposit that dips below 40 to 70 m of cover rock was also categorized as
Inferred, regardless of the distance to a drillhole. The infill drilling program
showed that the iron formation units show excellent continuity of
geology/geometry and grade.


Mr. Michael W. Kociumbas, P.Geo., Vice-President of WGM, and Mr. Richard Risto,
P.Geo., are independent Qualified Persons (QPs) in accordance with National
Instrument 43-101 Standards of Disclosure for Mineral Projects. Mr. Kociumbas
has reviewed and is responsible for the Mineral Resources presented in this news
release. WGM has previously visited the site, collected independent core samples
and reviewed the QA/QC data received to date. Mr. Risto has reviewed and
approved the underlying sampling, analytical and test data used for the Mineral
Resource estimate.


The Company currently has two drill rigs operating on site with a third rig
scheduled to arrive in two weeks. The 2011 drill program consists of several
widely spaced exploration drill holes and delineation drilling north and south
of the South Zone deposit. Recent drilling has extended the potential strike
length of the iron formation from 25 km to 42 km. In addition, several large
diameter PQ drill holes are planned for the collection of bulk samples for
metallurgical testing at SGS Minerals in Lakefield Ontario.


On November 30, 2005, the Company entered into an option agreement (the "Lac
Otelnuk Option") to earn a 100% interest in certain claims comprising part of
the Lac Otelnuk Property. The Company has also staked additional mineral claims
directly adjacent to and surrounding the claims subject to the Lac Otelnuk
Option. Pursuant to the Lac Otelnuk Option, as amended, the optionor is entitled
to a combination of cash, shares and work commitments, all of which have been
fulfilled, and a royalty (the "Lac Otelnuk Royalty") equal to (i) 2.5% from the
sale of iron ore products mined from the claims subject to the Lac Otelnuk
Option payable on commencement of commercial production; and (ii) 2.5% net
smelter returns from the sale of any other minerals mined from such properties
annually. The Lac Otelnuk Royalty is subject to minimum advances payable by
November 30 of each year until commencement of commercial production. The
Company may purchase one-half of the Lac Otelnuk Royalty for $5.5 million at any
time prior to December 31, 2015 and for $11 million thereafter.


The Company filed an application with the Quebec Superior Court for a judicial
interpretation of certain provisions of the Lac Otelnuk Option agreement. The
clauses for which clarification was sought relate to the timing of the exercise
of the option and certain aspects of the royalty payments. On August 19th, the
parties entered into a conditional settlement agreement. The litigation in the
Quebec Superior Court was adjourned pending the satisfaction of the settlement's
conditions.


ON BEHALF OF ADRIANA RESOURCES INC. 

Allen J. Palmiere, President and CEO

Certain information regarding the Company, including the Company's plans to
increase and upgrade mineral resources and management's assessment of future
plans and operations, may constitute forward-looking statements under applicable
securities laws and necessarily involve known and unknown risks and
uncertainties. Without limitation, statements relating to potential
mineralization and resources, exploration results, mining and development,
future plans and objectives of the Company and imprecision of mineral resources
estimates, are forward-looking statements that involve various degrees of risk.


Certain important risk factors could cause the Company's actual results to
differ materially from those expressed or implied by such forward-looking
statements including, without limitation, changes in the world wide price of
mineral commodities and currency fluctuations, general market conditions, the
uncertainty of future profitability and access to sufficient capital, risks
inherent in mineral exploration, development, construction and mining
operations, delays in obtaining or failures to obtain required governmental,
environmental or other project approvals, environmental risks, access to labour
and services and competition from other companies. As a consequence, actual
results may differ materially from those anticipated in the forward-looking
statements and caution should be exercised on placing undue reliance on forward
looking information.