Arianne Phosphate Reports on Third Quarter FY 2013

Arianne Phosphate (the "Company" or "Arianne") (TSX VENTURE:DAN),
(FRANKFURT:JE9N), (OTCBB:DRRSF) today filed its financial statements for the
third quarter of 2013. 


During the third quarter and through November, 2013, Arianne made significant
progress on the Lac a Paul Phosphate Rock Project development:




--  In November 2013, Arianne filed the NI 43-101 compliant technical report
    of the Lac a Paul Phosphate Rock Project under Arianne's profile on
    SEDAR at www.sedar.com and on Arianne' website at www.arianne-inc.com
    (see press release of November 18, 2013 for details);

--  In October 2013, Arianne announced the positive results of the
    feasibility study for its Lac a Paul Phosphate Rock Project. The
    Feasibility study outlines an open pit mine, a concentrator producing a
    high quality apatite product and a transport system delivering the
    product to a year round deep water port on the Saguenay River. This
    study was prepared by Cegertec WorleyParsons. Here are the highlights
    (see press releases of October 24, 2013 for details); 
    --  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 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.

--  In September 2013, the Company announced that it had extended the term
    of 4,000,000 common share purchase warrants to February 1, 2014. These
    warrants had been issued as part of the private placement that closed on
    April 29, 2011 (see press release of September 12, 2013 for details).
    The expiry date of the warrants was extended to February 1, 2014, and no
    other warrant terms were amended.

--  In September 2013, the Company announced the appointment of Pierre
    Fitzgibbon to its Board of Directors. Pierre has 25 years' experience in
    finance, mergers and acquisitions and strategic planning in Canadian and
    international markets. He is currently the President and Chief Executive
    Officer and serves on the Board of Atrium Innovations Inc. Prior to that
    he worked with National Bank of Canada as Chief Financial Officer and
    Vice Chairman Corporate and Investment Banking at National Bank
    Financial (see press release of September 11, 2013 for details).



Mr. Brian Kenny, Chief Executive Officer of the Company commented: "With the
release of a positive feasibility study on the Lac a Paul Phosphate Rock
Project, Arianne has taken a crucial step forward in its development." In
regards to next steps, Mr. Kenny stated: "We are now able to focus on further
improving the value of the Lac a Paul project, proceeding with the permitting
process, assuring social acceptability, and undertaking other key activities
that move the project forward to the construction phase.


Financial Summary

Third Quarter, FY 2013

The net loss for the three month period ended September 30, 2013 was $1,675,088
compared to a net loss of $1,585,171 for the same period in 2012. 


The increased loss in the third quarter 2013 is mainly due to the impact of an
increase in deferred taxes of $358,480. This amount is related to the expected
manner of recovery of the Company's prospection and evaluation assets as there
are indications that its exploration and evaluation assets could be recovered
through use rather than though sale. Accordingly, the Company recorded a
deferred income tax liability in the quarter of $541,480 and a corresponding
deferred tax expense.


The loss is also due to higher administrative costs related to the increased
level of activity at the Company as it continues the development of the Lac a
Paul project, increased public consultations with local communities, and
increased discussions with shareholders and other stakeholders.


During the third quarter, the Company wrote off its Opinaca property for a total
of $240,921.


The net loss for the quarter also includes $222,454 ($1,174,143 in 2012) in
share-based compensation expense, a decrease of $951,689 versus the prior
period, and represents the value of share purchase options granted but not
vested. 


Nine months year to date, FY 2013

The net loss for the nine month period ended September 30, 2013 was $5,352,791
compared to a net loss of $2,672,918 for the same period in 2012. This increased
loss is mainly due to increased deferred taxes of $2,060,261. This amount is
related to the expected manner of recovery of its prospection and evaluation
assets as current indications are that Arianne's exploration and evaluation
assets could be recovered through use rather than though sale. Accordingly, the
Company recorded a deferred income tax liability of $2,243,261 and a
corresponding deferred tax expense.


The increased loss is also due to higher administrative costs related to the
increased level of activity at the Company for the development of the Lac a Paul
project, increased public consultations with local communities, and increased
discussions with shareholders and other stakeholders.


During the third quarter, the Company wrote off its Opinaca property for a total
of $240,921.


The net loss for the nine months also includes $366,345 ($1,493,196 in 2012) in
share-based compensation expense, a decrease of $1,126,851 versus the prior
period, and represents the value of share purchase options granted but not
vested. 


Liquidity

The Company ended the third quarter with cash of $4.3 million and mining tax
credit receivables of $2.5 million in respect of FY2012 and $0.8 million in
respect of the nine months ended September 30, 2013. Between October 1, 2013 and
November 26, 2013, the Company has received a total of $0.9 million from both
the early exercise of warrants (April, 2011 warrants at a price of $1.24 per
share) as well as the exercise of options. Before year end, the Company expects
to receive a further $880,000 from warrants issued in the September, 2012
financing (1 million warrants at a price of $0.88) as well as further cash from
the early exercise of additional warrants in the April, 2011 tranche. Based on
current spending estimates for future project development, Arianne anticipates
it will need additional financing in 2014. 


The Company's Interim Financial Statements and accompanying management's
discussion and analysis for the quarter ended September 30, 2013 and the year
ended December 31, 2012 are available on the Company's website and on SEDAR at
www.sedar.com. Unless otherwise noted, all figures in the news release are
reported in Canadian dollars.


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 80.5 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: http://www.facebook.com/pages/Arianne-Resources-Inc/113071105425184

Twitter: http://twitter.com/arianne_dan

YouTube: http://www.youtube.com/user/ArianneResources

Flickr: http://www.flickr.com/photos/arianneresources

Resources Investing News: http://resourceinvestingnews.com/?s=Arianne

FOR FURTHER INFORMATION PLEASE CONTACT: 
Source:
Brian Kenny, CEO
514-699-7436
brian.kenny@arianne-inc.com


Info:
Derek Lindsay, CFO
514-594-2372
derek@arianne-inc.com


Media:
Nadege Tollari, VP Corporate Affairs
514-932-8416
nadege@arianne-inc.com
Inform Resources (TSXV:IRR)
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