Arianne Phosphate Files Lac a Paul Phosphate Rock Project Feasibility Study Technical Report

Arianne Phosphate Inc. (the "Company" or "Arianne") (TSX
VENTURE:DAN)(FRANKFURT:JE9N)(OTCBB:DRRSF) is pleased to announce that NI 43-101
compliant technical report ("NI 43-101") of the Lac a Paul Phosphate Rock
Project ("Lac a Paul" or "the Project") has been filed under Arianne's profile
on SEDAR at www.sedar.com and on Arianne' website at www.arianne-inc.com. The
technical report filing follows the press release of October 24, 2013,
announcing the project feasibility study results.


Brian Kenny, the CEO of Arianne commented: "We are very pleased to have filed
the NI 43-101 report on the feasibility of the Lac a Paul project as a major
achievement for Arianne. This accomplishment will allow Arianne to move forward
with the activities which we have planned for 2013/2014 allowing us to advance
the project to construction and production".


Jean-Sebastien David, the Chief Operating Officer (COO) of Arianne commented:
"The report's filing marks an important step in the development of the Lac a
Paul project. We can now focus on working with the regulatory agencies to
finalize the evaluation of the Environmental Impact Assessment. We expect to
finalize the process of obtaining permits in the next year. We will also
continue our dialogue with the communities of Saguenay-Lac-Saint-Jean and the
First Nations to ensure the social acceptability of the project".


Study Highlights



--  Net Present Value ("NPV") of US$ 1,910.1 million at an 8% discount rate.
--  Gross revenue, in real terms, of US$ 16,124.8 million and operating cash
    flow of US$ 7,379.6 million. 
--  Internal Rate of Return ("IRR") of 20.7% with a capital payback of 4.4
    years before taxes and mining duties. 
--  A 25.75 year mine life (excluding pre-production) with an average annual
    phosphate concentrate production of 3 million tonnes with a grade of
    38.6% P2O5 and with average mill recovery of 90.0% 
--  The Initial Capital Cost of the Project is US$ 1,214.7 million
    comprising US$ 982.5 million for the mine and US$ 232.2 million for the
    concentrate transport system that delivers product to the deepwater Port
    of Saguenay open 365 days per year. 
--  The All-In Cost onboard the Ship in the Port of Saguenay is US$
    93.7/tonne life of mine (LOM) (i.e. FOB Port of Saguenay), yields an
    operating margin of 56% with an average selling price of $213/tonne at
    the port. 
--  Measured and Indicated Mineral Resources in the Paul Zone alone of 590
    million tonnes grading an average of 7.1% P2O5 at a 4.0% cut-off grade. 
--  75.7 million tonnes of saleable concentrate at 38.6% P2O5 in Proven and
    Probable Mineral Reserves reported at 3.5% P2O5 cut-off grade of 472.1
    million tonnes at an average grade of 6.9 % P2O5 (taken from the Paul
    Zone Mineral Resource). 
--  Confirmed power availability of 115MWatt at the Chute des Passes power
    plant located 30 km from the mine.



NI 43-101 Compliance

Unless otherwise indicated, Arianne has prepared the technical information
contained in this news release ("Technical Information") based on information
contained in the feasibility study dated October 24, 2013 relating to Arianne's
Lac a Paul phosphate rock mine project available under Arianne's company profile
on SEDAR at www.sedar.com. The feasibility study was prepared by or under the
supervision of a qualified person (a "Qualified Person") as defined in NI
43-101. Readers are encouraged to review the full text of the feasibility study
which qualifies the Technical Information (see press release of October 24,
2013). Readers are advised that mineral resources that are not mineral reserves
do not have demonstrated economic viability. The feasibility study is intended
to be read as a whole, and sections should not be read or relied upon out of
context. The Technical Information is subject to the assumptions and
qualifications contained in the feasibility study.


The Technical Information has been prepared under the supervision of
Jean-Sebastien David, Geo., COO, and Qualified Persons under NI 43-101.


About Arianne Phosphate

Arianne Phosphate ("Arianne Phosphate Inc.") (www.arianne-inc.com) is developing
the Lac a 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 38.6% P2O5 with little or no
contaminants. The Company has 80.1 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.


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This press release contains "forward-looking information" within the meaning of
Canadian securities legislation and "forward-looking statements" within the
meaning of the United States Private Securities Litigation Reform Act of 1995.
This information and these statements, referred to herein as "forward-looking
statements", are made as of the date of this press release and the Company does
not intend, and does not assume any obligation, to update these forward-looking
statements, except as required by law.


Forward-looking statements relate to future events or future performance and
reflect current expectations or beliefs regarding future events and include, but
are not limited to, statements with respect to: (i) the amount of mineral
resources and exploration targets; (ii) the amount of future production over any
period; (iii) net present value and internal rates of return of the mining
operation; (iv) assumptions relating to capital costs, operating costs and other
cost metrics set out in the Feasibility Study; (v) assumptions relating to gross
revenues, operating cash flow and other revenue metrics set out in the
Feasibility Study; (vi) assumptions relating to recovered grade, average ore
recovery and other mining parameters set out in the Feasibility Study; (vii)
mine expansion potential and expected mine life; (viii) expected time frames for
completion of permitting and regulatory approvals and making a production
decision; (ix) future exploration plans; (x) future market prices for rough
Phosphate Concentrate s; and (xi) sources of and anticipated financing
requirements. Any statements that express or involve discussions with respect to
predictions, expectations, beliefs, plans, projections, objectives, assumptions
or future events or performance (often, but not always, using words or phrases
such as "expects", "anticipates", "plans", "projects", "estimates", "assumes",
"intends", "strategy", "goals", "objectives" or variations thereof or stating
that certain actions, events or results "may", "could", "would", "might" or
"will" be taken, occur or be achieved, or the negative of any of these terms and
similar expressions) are not statements of historical fact and may be
forward-looking statements.


Forward-looking statements are made based upon certain assumptions by Arianne
Phosphate or its consultants and other important factors that, if untrue, could
cause the actual results, performances or achievements of Arianne Phosphate to
be materially different from future results, performances or achievements
expressed or implied by such statements. Such statements and information are
based on numerous assumptions regarding present and future business strategies
and the environment in which Arianne Phosphate will operate in the future,
including the price of Phosphate Concentrate, anticipated costs and ability to
achieve goals. Certain important factors that could cause actual results,
performances or achievements to differ materially from those in the
forward-looking statements include, but are not limited to: (i) estimated
completion date for the Environmental and Social Impact Assessment; (ii)
required capital investment and estimated workforce requirements; (iii)
estimates of net present value and internal rates of return; (iv) receipt of
regulatory approvals on acceptable terms within commonly experienced time
frames; (v) the assumption that a production decision will be made, and that
decision will be positive; (vi) anticipated timelines for the commencement of
mine production; (vii) anticipated timelines for community consultations and the
conclusion of an Impact and Benefits Agreement; (viii) market prices for rough
Phosphate Concentrate and the potential impact on the Lac a Paul Project's
value; and (ix) future exploration plans and objectives. 


By their very nature, forward-looking statements involve inherent risks and
uncertainties, both general and specific, and risks exist that estimates,
forecasts, projections and other forward-looking statements will not be achieved
or that assumptions do not reflect future experience. We caution readers not to
place undue reliance on these forward-looking statements as a number of
important risk factors could cause the actual outcomes to differ materially from
the beliefs, plans, objectives, expectations, anticipations, estimates,
assumptions and intentions expressed in such forward-looking statements. These
risk factors may be generally stated as the risk that the assumptions and
estimates expressed above do not occur, including the assumption in many
forward-looking statements that other forward-looking statements will be
correct, but specifically include, without limitation, (i) risks relating to
variations in the grade, phosphate rock lithologies and country rock content
within the material identified as mineral resources from that predicted; (ii)
variations in rates of recovery and breakage; (iii) the greater uncertainty of
exploration targets; (iv) developments in world Phosphate Concentrate markets;
(v) slower increases in Phosphate Concentrate valuations than assumed; (vi)
risks relating to fluctuations in the Canadian dollar and other currencies
relative to the US dollar; (vii) increases in the costs of proposed capital and
operating expenditures; (viii) increases in financing costs or adverse changes
to the terms of available financing if any; (ix) tax rates or royalties being
greater than assumed; (x) results of exploration in areas of potential expansion
of resources; (xi) changes in development or mining plans due to changes in
other factors or exploration results of Arianne Phosphate; (xii) changes in
project parameters as plans continue to be refined; (xiii) risks relating to
receipt of regulatory approvals or the conclusion of an Impact and Benefits
Agreement with aboriginal communities; (xiv) the effects of competition in the
markets in which Arianne Phosphate operates; (xv) operational and infrastructure
risks; and (xvi) the additional risks described in Arianne Phosphate's most
recently filed Annual Report, annual and interim MD&A, and Arianne Phosphate's
anticipation of and success in managing the foregoing risks. Arianne Phosphate
cautions that the foregoing list of factors that may affect future results is
not exhaustive. 


When relying on our forward-looking statements to make decisions with respect to
Arianne Phosphate, investors and others should carefully consider the foregoing
factors and other uncertainties and potential events. Arianne Phosphate does not
undertake to update any forward-looking statement, whether written or oral, that
may be made from time to time by Arianne Phosphate or on our behalf, except as
required by law.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Source:
Brian Kenny, CEO
514-699-7436
[e-mail]


Info:
Derek Lindsay, CFO
514-594-2372
[e-mail]


Media:
Nadege Tollari, VP Corporate Affairs
514-932-8416
[e-mail]