DAN: TSX-V (Canada)
JE9N: FSE (Germany)
DRRSF: OTC (USA)

SAGUENAY, QC, Oct. 31, 2017 /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 phosphate rock project in Quebec's Saguenay-Lac-Saint-Jean region, is pleased to announce that it has completed its Information Memorandum.  This document is being provided to financial institutions that have expressed an interest in the project and want to assess the possibility of being included in the project finance syndicate.

The Information Memorandum is the result of many months of hard work between the Company and independent parties that have come in to evaluate and confirm the project from the perspective of the lenders.  The final stages of due diligence for the document were completed after preliminary interest was confirmed through the execution of Confidentiality Agreements on the part of qualified financial institutions.

The role of the independent engineers was to subject the Lac à Paul project to a full due diligence process.  Every aspect of the project from extraction, processing, infrastructure and environmental were subject to review.  From this, projected CapEx and OpEx were built into a broad financial model that will allow the respective finance partners to assess their interest in moving forward and participating in the project finance.

"It has been a long and demanding process," said Brian Ostroff, CEO of Arianne Phosphate.  "I am not entirely certain that those who have not been through this before, either as investor or project developer, can truly appreciate the time and effort this takes to complete; every aspect of the project is subject to scrutiny and needs to be validated.  What we do know coming out of this twelve-month due diligence process is that all aspects of our project have been checked and re-checked by independent parties and, we were able to demonstrate the robustness of our project to those who are there to insure an independent assessment."

"Another big benefit of this process has been some of the ideas generated on how, down the road, our team can yet further improve the project," said Jean-Sebastien David, Arianne Phosphate's COO.  "Having all of these experienced groups review our Lac à Paul development has been tremendously informative and will make our project even better.  What is important is that these groups have walked away with what we have believed for some time; this is a very robust project."  

Lastly, as part of the review process, an independent analysis of the global phosphate market was undertaken.  The report supports the need for additional projects as added supply will be required if we are to meet the persistent demand growth projected over the next few years.  The fact that Arianne possesses a rare igneous type phosphate deposit should also drive interest.  The phosphate concentrate that will be produced will be low in contaminants and allow for a much-desired end-product.  The study further confirms that premium prices for this type of phosphate concentrate will continue to exist and, the Arianne project will have a cash operating cost that should make it amongst the most competitive in the world.

Once the Company has received confirmation from potential financiers, Arianne will work with its advisors to construct a comprehensive project finance package that should involve various tranches of debt, equipment finance, off-take and equity.

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. The Company has 100,530,580 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 approvals, 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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