Arianne Phosphate appoints Michael Gentile, CFA as a strategic advisor to the Company

Press Release

SAGUENAY, QUEBEC – (June 9, 2022) – Arianne Phosphate (the “Company” or “Arianne”) (TSX VENTURE: DAN; OTC: DRRSF; FRANKFURT: JE9N), a development-stage phosphate mining company, advancing its Lac à Paul project in Quebec’s Saguenay-Lac-Saint-Jean region, is pleased to announce that it has appointed Mr. Michael Gentile as a strategic advisor to the Company.  Mr. Gentile’s role will be to advise the Board on matters regarding capital markets and its discussions with potential financial partners and investors.  Mr. Gentile has also purchased 4 million shares of Arianne Phosphate in the open market and secured an option, from a private investor, allowing him to purchase an additional 2 million shares at $0.75 for a period of 18 months.

Mr. Gentile is considered one of the leading strategic investors in the small and medium cap mining sector, owning significant positions in over 15 mining companies. Mr. Gentile is currently a strategic adviser to Arizona Metals and Geomega Resources as well as being a director of Northern Superior Resources, Roscan Gold, Radisson Mining Resources and Solstice Gold. Mr. Gentile recently co-founded Bastion Asset Management, an investment management firm based out of Montreal, Que., and was previously a senior portfolio manager with Formula Growth Ltd.

“I have known Michael and am excited to have him aboard,” said Brian Ostroff, President of Arianne.  “Michael comes to the Company at an important time for us as, the phosphate macro has greatly improved over the last 12 months.  With fertilizer and food security becoming a major concern and, advancements in phosphate in specialty applications such as the LFP battery, interest in Arianne’s Lac à Paul project has never been stronger.  I believe Michael’s involvement will allow us to better capitalize on the environment we are seeing.”

“I have watched Arianne closely over the years,” said Michael Gentile.  “The Company has persevered through tough times and managed to advance the asset to shovel ready status in the Tier 1 location of Quebec.  The recent unfortunate events in Russia and Ukraine have shone a spotlight on the need for secure supply of essential commodities such as Phosphate. With the very strong move in phosphate concentrate prices from $140t to $240/t over the last 12 months, and so few advanced opportunities in the sector, the value of Arianne has never been higher in my opinion and is truly is an opportunity worth pursuing. Due to the niche nature of the Phosphate market investors are likely less aware of the major value creation potential at Arianne.  Through my network and experience in this sector, I believe I can help the Company close that awareness gap in the market.”

In conjunction with Mr. Gentile’s appointment, the Company will issue 200,000 options.  These Options entitle the holder to purchase one common share of the Company until June 8, 2024 at a price of $0.53 per share, this being the closing price of the Company’s shares on the trading day preceding the date of the grant. The Options are subject to a vesting period and are also subject to regulatory approval.

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 (Feasibility Study released in 2013). The Company has 189,969,848 shares outstanding.

Qualified Person

Raphael Gaudreault, eng., Qualified Person by NI 43-101, has approved this release. Mr. Gaudreault is also the Company’s Chief Operating Officer.

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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Contact Information:

Source :    Raphael Gaudreault, COO                             Tel. : 418-590-1318    [email protected]

Info:           Brian Ostroff, President                                Tel. : 514-908-4202    [email protected]

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