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ADI

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Share Name Share Symbol Market Type
TSXV:ADI TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Adriana Announces Grant of Options and the Election of New Board of Directors

22/06/2012 4:58pm

Marketwired Canada


Adriana Resources Inc. (TSX VENTURE:ADI) ("Adriana" or the "Company") announces
that it has granted options to certain directors of the Company entitling them
to purchase an aggregate of 600,000 common shares of the Company, pursuant to
the Company's Share Option Plan approved by the shareholders. Each option
entitles the holder thereof to purchase one common share at a price of $0.68 per
share for a period of five years subject to vesting restrictions over a period
of 18 months.


Adriana is also pleased to announce that Messrs. Brian L. Acton, Ronald S.
Simkus and David S. Warner, were elected as directors of Adriana at the Annual
General and Special Meeting of the Shareholders held on June 21, 2012.


Mr. Brian L. Acton brings over 35 years of experience in mining, materials and
logistics. Mr. Acton is currently engaged as a consultant with Oxbow
Corporation. Mr. Acton previously was the President and Chief Operating Officer
of Oxbow Corporation. Prior to 1985, he was Director of Marketing for Kaiser
Resources/Westar Mining (now Teck Resources).


Mr. Simkus brings over 37 years experience in base metal ore processing
technology, management of skilled operations, maintenance and engineering
personnel. Mr. Simkus is the Chairman of the Board of Orvana Minerals Corp., and
has been self-employed since 2006. Prior to 2006, Mr. Simkus was the Senior Vice
President, Mining - Corriente Resources Inc., and President & CEO of Campania
Minera Antamina between 2001 and 2003.


Mr. Warner brings over 36 years of experience to the Board as a Chartered
Accountant, including 30 years in public practice as a Partner with KPMG LLP.
Mr. Warner's expertise includes mining, oil and gas, regulated utilities and
real estate. Mr. Warner is currently a director of Lipari Energy Inc., and
Castillian Resources Corp.


"I am pleased that Messrs. Acton, Simkus and Warner have accepted the
appointment as directors of Adriana. We would like to thank Mr. Blyth and Mr.
Siemens for all their contributions to the Adriana board and wish them success
in all their future endeavors," said Mr. Allen J. Palmiere, President and Chief
Executive Officer of the Company.


ON BEHALF OF ADRIANA RESOURCES INC.

Allen J. Palmiere, President and CEO

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