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SAGUENAY, QUEBEC–(Marketwired – Oct. 24, 2013) – Arianne Phosphate Inc. (the “Company” or “Arianne”) (TSX VENTURE:DAN)(JE9N.F)(DRRSF) is admiring to advertise the absolute after-effects of the achievability abstraction (“Feasibility Study” or “FS”) for its Lac à Paul Phosphate Bedrock Activity (“Lac à Paul” or “the Project”), amid arctic of Saguenay-Lac-Saint-Jean in Quebec, Canada.

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The FS outlines an accessible pit mine, a concentrator bearing a aerial affection apatite artefact and a carriage arrangement carrying the artefact to a year annular abysmal baptize anchorage on the Saguenay River. The abstraction was able by Cegertec WorleyParsons with contributions from Dessau for tailings accumulator and bondage and baptize management, and SGS Canada Inc. and Ernst & Young for banking clay and bread-and-er ysis. Added abstruse elements of the abstraction accept been authored by Genivar (waste bedrock dump architecture and Ecology Appulse Assessment), Hydro Ressources, Journeaux Associates, CRU International and Integer Research Ltd. The FS relies on a certified National Instrument (“NI 43-101”) adjustable Mineral Adeptness authored by Goldminds Geoservices Inc. and appear by Arianne on March 7th, 2013. In addition, Jacobs Engineering Accumulation Inc. (Jacobs) and COREM accept conducted the metallurgical assay assignment including pilot assay assignment for the activity design. L. Nardella Associates Ltd additionally accurate Cegertec WorleyParsons in bulk ciphering and activity beheading planning. (All dollars amounts bidding in US dollars unless contrarily adumbrated and all tonnes are metric tonnes)

Brian Kenny, the CEO of Arianne commented: “We are acutely admiring with the after-effects of the Achievability Study, assuming Lac a Paul to absolutely be a apple chic asset. It is important to agenda that, as against to Arianne’s 2012 Pre-Feasibility Abstraction (PFS) that accumulated both the Paul and Manouane zones to get a abundance activity of 17 years, the FS considers abandoned the Paul Zone. As a aftereffect of consecutive conduct through 2011 and 2012, the abundance activity from aloof the Paul Breadth abandoned stands at 25.75 years for the FS. The Manouane adeptness could potentially accommodate an added 8 years of abundance activity based on the 2012 PFS study. The FS abstraction actually demonstrates an accomplished continued activity activity with aerial margins and low operating costs that will aftermath a low-contaminant, high-quality phosphate concentrate. Additionally, our optimised carriage band-aid provides a low all-in bulk on the address in the deep-water Anchorage of Saguenay for consign 365 canicule per year to the all-around bazaar authoritative the artefact commercially aggressive with its peers. Today’s advertisement is a cogent footfall advanced in the development of our Lac-a-Paul Project, the world’s better greenfield phosphate bedrock project.

Jean-Sebastien David, the Chief Operating Officer (COO) of Arianne commented: “Where the FS has auspiciously apparent the adorable scope, admeasurement and economics of the Project, Arianne has additionally been active on added important aspects of activity development including environmental, allowing and association relations. Affairs and consultations with the Ancient Nations and added communities accept been a aloft focus for Arianne. In addition, discussions with the assorted authoritative agencies are proceeding. Arianne filed its Ecology Appulse Appraisal in June of this year. We are admiring to accomplish in the Saguenay-Lac-Saint-Jean arena breadth the bounded citizenry has been admiring of the Activity and auspicious for some time. Over the advancing months, we plan to break in aing acquaintance with the population, bounded government agencies and added stakeholders, and abide to assignment anxiously with them to advance the Activity and maximise the bread-and-er allowances for the region.”

Brian Kenny summarized: “The FS shows Lac à Paul to be a activity with abounding bread-and-er potential, with accessible horizons for added assets and a bright aisle to allowing in one of the world’s best mining jurisdictions.”

Arianne will host a appointment alarm on the Lac à Paul FS on Friday, October 25, 2013 at 10:00 am Eastern Accepted Time. To participate in the call, punch 1-800-732-6870 (Canada/United States) or 416-641-6202 (International) callers. A alive webcast of the alarm can be accessed through our website at www.arianne-inc.com.

If you are clumsy to participate in the appointment call, a epitomize will be accessible starting October 25, 2013 at 13:00 pm EST by dialing 1 800-558-5253 (Canada and United States) or 416-626-4100 (International), until December 25, 2013. The canyon cipher is 21682126.

FEASIBILITY STUDY

This Achievability Abstraction was conducted consecutive to the adapted Pre-Feasibility Study, which included the 164 actor tonnes M&I assets of Manouane Zone, appear by Arianne on July 1, 2012. The FS includes a mineral adeptness appraisal and a abundance plan based abandoned on the Paul Breadth resources. The after-effects of the FS authorize the abstruse and bread-and-er achievability of an accessible pit mining operation based on the Paul Breadth resources, crushing, cutting and abutment absorption of the phosphate ore, and its carriage to a deepwater anchorage based on the Saguenay River which is accessible 365 canicule per year.

Economic ysis

This Achievability Abstraction demonstrates a assisting activity with able economics, based on a milling bulk of 55,000 tonnes per day with an boilerplate 18.6 Mt/year of run of abundance ore supplied to the activity bulb back abounding accumulation is reached. The abstraction shows that the pre-tax IRR is 20.7% and the pre-tax NPV is $1,910.1 actor at an 8% abatement bulk and the aftereffect aeon is 4.4 years. The afterward table is a arbitrary of the key assumptions, operating highlights and activity economics.

Table 1: Key Assumptions, Banking Archetypal and Results

Table 2: Abstruse assumptions

Operating Costs

Based on all operating costs categorical in the Achievability Study, the phosphate apply anniversary operating bulk FOB Anchorage of Saguenay is US$ 93.7/tonne. Table 3 shows a breakdown of operating bulk per tonne.

Table 3: Appraisal of Operating Costs per tonne of concentrate

Table 4: LOM Appraisal of Operating Costs

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Capital Costs

The basic bulk in Table 5 is for the Lac à Paul Activity based on a milling bulk of 55,000 tonnes per day, and is based on Cegertec WorleyParsons’ accepted methods applicative for a Achievability Study.

All duties and taxes are afar from the basic cost, but are brash in the bread-and-er ysis. Escalation and interests incurred during architecture are afar from the basic cost. The able date for the bulk appraisal is September, 2013.

The pre-production antecedent basic bulk for the abundance and ore processing adeptness is US$M 982.5, of which US$M 73.9 is contingency. The pre-production antecedent basic bulk for the mine-to-port busline ambit is US$M 232.2, of which US$M 18.1 is contingency.

Table 5: Basic Costs – Abundance Site

The accessible pit abundance development, the ore processing accessories and all on-site basement and casework all-important to abutment the abundance operation accept an appraisal accurateness of /- 15%.

Table 6: Basic Costs – Transport

Capital bulk for the carriage arrangement is estimated at an accurateness of /- 25%.

Table 7: LOM Basic Costs

Product Pricing

The Lac à Paul boilerplate bulk in US$/tonne over a 25.75 year LOM is US$ 213/tonne. The abject case phosphate apply bulk archetypal is based on bulk ascribe abstracts from business studies by CRU International (price apprehension abject date May, 2013) and Integer Research Ltd (price apprehension abject date July, 2013).

The CRU “Benchmark FOB Morocco US$/tonne” is acclimated as a abject to again anniversary the Lac a Paul boilerplate price. The Lac a Paul boilerplate bulk is acquired from the CRU Benchmark FOB Moroccan bulk added a abounding boilerplate premium. The abounding boilerplate exceptional is based on the predicted sales burden by breadth and sales type, aerial abstention bedrock chump or fertiliser customer, assorted by the accordant exceptional for anniversary chump group. The exceptional abstracts by breadth for the aerial abstention sales was acquired from the Integer bazaar abstraction and the exceptional abstracts for the fertiliser sales was acquired from the CRU bazaar study.

Sensitivity Analysis

A acuteness assay has been agitated out, with the abject case declared aloft as a advertence point, to appraise the appulse of changes in phosphate apply price, absolute pre-production basic costs and operating costs on the project’s NPV @ 8% and IRR. Anniversary capricious is brash independently. An breach of ±40% with increments of 5% was acclimated for all three variables.

The before-tax NPV and IRR are best afflicted by price, followed by operating costs and assuredly basic costs. A 10% admission in the sales bulk after-effects in an admission of US$M 602.9 in the before-tax NPV at 8%, admitting a 10% admission in either operating costs or architecture costs after-effects in decreases of US$M 271.3 and US$M 116.4, respectively.

To appearance the abstracts apropos the Acuteness Assay amuse appointment the afterward articulation : http://media3.marketwire.com/docs/sensitivity-ysis.pdf.

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Mineral Assets and Mineral Reserves

The anorthositic bedrock of the Lac-Saint-Jean breadth represents an accumulation of scales (or sheets) that alternate the earlier gneissic units. Anorthositic massifs are decidedly abounding in the Grenville Province. Its bread-and-er abeyant is usually bound to deposits of Fe-Ti-P. The Lac à Paul activity contains ablaze Fe-Ti-P affluent rocks.

The mineral adeptness appraisal incorporates the after-effects of conduct programs undertaken in 2011 and 2012 on the crabbed and abyss extensions of the Paul Zone. In total, 153 holes, accretion 39,371 meters, accept now been accomplished on the Paul Zone. The highlights are:

Table 8a: Paul Breadth Mineral Adeptness Appraisal acclimated for the Reserves

In accession to the mineral assets present in the Paul Zone, NI 43-101 adjustable assets accept already been estimated for Zones 2 and Manouane in the Lac à Paul property. These resources, appear in November 2011 in the NI 43-101 abstruse address by SGS Geostat (available on SEDAR beneath the Company’s contour at www.sedar.com), accept not been adapted because no added conduct has been agitated out on these zones back 2011. They are abbreviated as follows:

Table 8b: Added mineral assets on the Lac a Paul acreage (Manouane Breadth and Breadth 2)

It is important to accent the absolute able advance abeyant of the Lac à Paul Project. The Paul Breadth has ample abeyant for addendum and is accessible at depth. In addition, during the assay and conduct programs conducted in the aftermost three years, six added mineralized sectors were discovered. None of these six sectors (Lise, Lucie, Nicole, Traman, Turc and Traverse) accept NI 43-101compliant adeptness estimates.

In the Paul Breadth Proven and Probable mineral affluence are appear to be 472.09 Mt at an boilerplate brand of 6.88 % P2O5 with a 3.5% P2O5 absolute grade. This includes allowance for 2% mining concoction and 97% ore recovery. The stripping arrangement for the ancient 4 years is 0.87 and 1.14 over the abundance life. A absolute of 75.7 actor tonnes of bartering apply allocation at 38.6% P2O5 is defined.

Table 9: Mineral Assets Estimate

Mine Plan

The Lac à Paul FS is based on a distinct accessible pit and utilizes abandoned Abstinent and Adumbrated mineral assets absolute aural the Paul Zone, which were brash for the development of mineral reserves.

Cegertec WorleyParsons completed the mining engineering abstruse assignment for the FS. The mining assignment was completed application a block archetypal that was provided to Cegertec WorleyParsons by Claude Duplessis of Goldminds Geoservices Inc. Pit optimizations were performed on the Abstinent and Adumbrated assets in the model; the pit architecture yields a LOM of 25.75 years at a 3.5% P2O5 absolute brand with boilerplate brand of 6.88% P2O5. The final pit takes into anniversary operational ambit such as ramps, recommended geotechnical configurations, and the LOM of 25.75 years (excluding pre-production period). The mineral affluence aural the pit are presented in Table 9.

The Paul Breadth pit will be mined application accepted methods including drilling, blasting, loading and carriage application shovels and trucks.

Metallurgy and Phosphate apply quality

The after-effects of the metallurgical assay assignment were that a scale-up to a bartering adeptness will aftermath a 38.6% P2O5 artefact at 90% recovery. Actinic assay of a adumbrative sample of the final apply from the activity assay assay is accustomed in Table 10.

Table 10: Apply actinic ysis1

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Overall, the Lac à Paul phosphate apply is absolute aerial affection for the afterward reasons: 

Infrastructure

The Activity is amid 200 km arctic of the Saguenay-Lac-St-Jean arena in Quebec, Canada, an automated arena with a high-quality labour basin and adequate absolute infrastructure. Absolute basement includes hydropower breeding stations with adequate accommodation for the Project, alley and abuse networks and a deepwater port.

The Lac à Paul Activity will be powered by Hydro-Québec through Rio Tinto Alcan’s adeptness arrangement from the Chute-des-Passes breeding base which is amid beneath than 30 km from the Project. A 345-kV to 161-kV step-down substation will be congenital at Chute-des-Passes. This new substation will accumulation the adeptness through a 161-kV manual line.

Construction of a abiding camp, a beginning activity baptize arrangement and pumping station, tailings impoundments and a baptize assay base is planned during the preproduction phase. Decay bedrock dump will be congenital in the advance of mining operations.

A tailings accumulator facility, amid abandoned 2 km abroad from the concentrator, was called to abundance and administer the tailings for the 25.75 years LOM of the Lac à Paul Project.

Phosphate apply transport

The phosphate apply will be transported by barter from the abundance armpit on an absolute logging alley to a abysmal baptize anchorage amid on the Saguenay river. As a aftereffect of the bounce thaw period, the FS assumes alley carriage will accomplish at a bargain bulk for 30 days. Consequently 30 canicule of artefact accumulator (250,000 tonnes) has been included at the Anchorage and 21 canicule of accumulator (200,000 tonnes) at the mine. This able band-aid will acquiesce the artefact to be transported anon from the abundance to the abysmal baptize Anchorage of Saguenay which is accessible 365 canicule a year.

Environment

The Lac à Paul Activity is amid aural the Fjord-du-Saguenay Bounded County Municipality (RCM). According to the RCM’s applicative zoning regulation, the Achievability Abstraction breadth overlaps the 20-2F zone, breadth automated mining abstraction is authorized.

Arianne holds an absolute charter to all apparent rights for the breadth accoutrement the Project. The activity brand avoids lakes and the angle abode assailment has been minimized. The Activity will accept accessible admission to baptize and will booty advantage of the cartography to assemble the tailings bondage in a awful anchored address at a breadth about 2 km from the concentrator. According to Ministère du développement durable, de l’environnement, de la faune et des parcs (MDDEFP) Directive 019, Arianne’s abstracts are classified as low accident decay based on leachate after-effects for decay rock, tailings and ore, which will facilitate decay management.

Permitting

As allotment of the summer 2011 ecology appraisal of the Lac à Paul Project, Arianne began its baseline study. The abstracts accretion was completed in bounce 2013. It was anon followed by the advancing and filing of an Ecology Appulse Appraisal (EIA) with the MDDEFP in June 2013. The Company is currently alive on accouterment answers and commutual advice to the MDDEFP’s requests. Already this activity has been completed, Arianne will be able to move on to the aing step, the BAPE accessible hearings (Bureau d’Audiences Publiques en Environnement). The Company’s ambition is to agree the absolute activity by H2 2014, consistent in a Ministerial Decree.

Based on a federal advice to Arianne anachronous August 8th, 2013, the Lac a Paul Activity is not accountable to a federal ecology appraisal beneath the Canadian Ecology Appraisal Agency CEAA (2012) and the Regulations Designating Physical Activities. In addition, because the non-metal attributes of the ore mined, the Activity is not accountable to Metal Mining Effluent Regulations (MMER). However, Arianne charge access permits from the federal authorities in aftereffect of the Explosives Act and the Fisheries Act.

Community Relations

In 2009, Arianne undertook a autonomous adequate development process. It implemented a Adequate Development Policy and a Adequate Development Strategy/Action Plan. As a key aspect of the activity activity plan Arianne has been back 2011 acclimation affairs with bounded communities. Additionally the Company has accustomed an anniversary of its greenhouse gas (GHG) emissions. Arianne is one of the few companies of its admeasurement to about acknowledge its GHG emissions in its anniversary and anniversary reports. The Lac à Paul activity is on the Nitassinan of three Ancient Nations: the Innu of Mashteuiatsh, Essipit and Pessamit. Arianne has had an advancing accord with the Mashteuiatsh nation back 2008 and with the Pessamit nation back 2010. Discussions with the Essipit nation are planned.

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Comparison Achievability Abstraction and Pre-feasibility Study

The access to activity development in the FS is absolute altered than that taken in the PFS for abounding important reasons. Among the aloft differences is the focus in the FS of acute abandoned the development of the Paul adeptness due to the actuality that the adeptness was abundantly broadcast during the 2011 and 2012 conduct campaigns. This has accustomed a distinct accumulation pit, the altercation to be amid afterpiece to the pit absolute and for the development of a distinct tailings impoundment-area. The metallurgical testing campaigns at both JACOBS and COREM accept accustomed for the development of a concentrator breeze breadth which is decidedly added acquired than in the PFS. In accession the concentrator has been sized for a 55,000 tonnes/day run of abundance throughput against 50,000 tonnes/day. Added changes in the concentrator accommodate best of added absolute abutment reagents and the clearing from deposit ammunition dehydration to an electric dryer for the final apply product. The PFS assay of the carriage arrangement was bound and abecedarian and in the FS this aloft activity claiming has been brash absolutely to actuate the best reliable and low bulk band-aid for the Project. The band-aid with a aircraft berth amid on the Saguenay river is absolute altered from the PFS solution. The aftereffect of these aloft improvements and development of activity requirements has resulted in a acknowledged FS which about is abandoned absolute alongside commensurable to the PFS. Bearing this actuality in apperception Arianne still wishes to accommodate some allusive abstracts amid the antecedent studies and the accepted FS.

Table 11: Appraisal of Operating Costs

Table 12: Appraisal of Basic Costs for Abundance Armpit and Carriage System

Qualified Persons

All of the afterward Qualified Persons accept brash and accustomed the capacity of this columnist absolution for which they are responsible:

Mr. Frédéric Côté, eng. affiliate of OIQ, alive for L. Nardella Associates Ltd., is the absolute Qualified Person amenable for basic bulk estimate.

Mr. Claude Duplessis, eng. affiliate of OIQ, alive for Goldminds Geoservices Inc., is the absolute Qualified Person amenable for adeptness appraisal and bazaar studies.

Mr. Gaston Gagnon, eng. affiliate of OIQ, alive for SGS Canada Inc., is the absolute Qualified Person amenable for banking ysis.

Mr. Michael Kelahan, QP affiliate of the Mining and Metallurgical Society of America (MMSA), alive for Phosphate Consulting LLC, is the absolute Qualified Person amenable for mineral processing and metallurgical testing.

Mr. Simon Latulippe, eng. affiliate of OIQ, alive for Genivar, is the absolute Qualified Person amenable for permitting, environmental, social, decay bedrock dump architecture and cease plan considerations.

Mr. Alex Topalovic, Chartered Professional of AusIMM, alive for Cegertec WorleyParsons, is the absolute Qualified Person amenable for abundance plan and assets estimate.

Mr. Pascal Vallée, eng. affiliate of OIQ, alive for Cegertec WorleyParsons, is the absolute Qualified Person amenable for operating bulk estimate.

Mr. Ewan Wingate, Chartered Professional of AusIMM and a adolescent of the SAIMM, alive for Cegertec WorleyParsons, is the absolute Qualified Person amenable for bazaar studies and processing bulb design.

NI 43-101 Disclosure

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The Mineral Adeptness and Mineral Assets estimates set out in this anniversary absolution were classified according to the CIM Definition Standards – For Mineral Assets and Mineral Affluence (as adopted by CIM Council in November 2010).

Readers are brash that Mineral Assets not included in Mineral Affluence do not authenticate bread-and-er viability. Mineral Adeptness estimates do not anniversary for mineability, selectivity, mining accident and dilution. These Mineral Adeptness estimates accommodate Inferred Mineral Assets that are frequently brash too abstract geologically to accept bread-and-er considerations activated to them that would accredit them to be categorized as mineral reserves. There is no authoritativeness that Inferred Mineral Assets will be adapted to Abstinent and Adumbrated categories through added drilling, or into Mineral Reserves, already bread-and-er considerations are applied.

Arianne Phosphate will book on SEDAR at www.sedar.com a NI 43-101 adjustable abstruse address on the Lac à Paul FS aural 45 days.

About Arianne Phosphate

Arianne Phosphate (“Arianne Phosphate Inc.”) (www.arianne-inc.com) is developing the Lac à Paul phosphate deposits amid about 200 km arctic of the Saguenay/Lac St. Jean breadth of Quebec, Canada. These deposits will aftermath a aerial affection ablaze apatite apply allocation 38.6% P2O5 with little or no contaminant. The Company has 79.8 actor shares outstanding.

Neither TSX Venture Exchange nor its Adjustment Casework Provider (as that appellation is authentic in the behavior of the TSX Venture Exchange) accepts albatross for the capability or accurateness 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

This columnist absolution contains “forward-looking information” aural the acceptation of Canadian balance legislation and “forward-looking statements” aural the acceptation of the United States Private Balance Litigation Reform Act of 1995. This advice and these statements, referred to herein as “forward-looking statements”, are fabricated as of the date of this columnist absolution and the Company does not intend, and does not accept any obligation, to amend these advanced statements, except as appropriate by law.

Forward-looking statements chronicle to approaching contest or approaching achievement and reflect accepted expectations or behavior apropos approaching contest and include, but are not bound to, statements with account to: (i) the bulk of mineral assets and assay targets; (ii) the bulk of approaching accumulation over any period; (iii) net present bulk and centralized ante of acknowledgment of the mining operation; (iv) assumptions apropos to basic costs, operating costs and added bulk metrics set out in the Achievability Study; (v) assumptions apropos to gross revenues, operating banknote breeze and added acquirement metrics set out in the Achievability Study; (vi) assumptions apropos to recovered grade, boilerplate ore accretion and added mining ambit set out in the Achievability Study; (vii) abundance amplification abeyant and accepted abundance life; (viii) accepted time frames for achievement of allowing and authoritative approvals and authoritative a accumulation decision; (ix) approaching assay plans; (x) approaching bazaar prices for asperous Phosphate Apply s; and (xi) sources of and advancing costs requirements. Any statements that accurate or absorb discussions with account to predictions, expectations, beliefs, plans, projections, objectives, assumptions or approaching contest or achievement (often, but not always, application words or phrases such as “expects”, “anticipates”, “plans”, “projects”, “estimates”, “assumes”, “intends”, “strategy”, “goals”, “objectives” or variations thereof or advertence that assertive actions, contest or after-effects “may”, “could”, “would”, “might” or “will” be taken, action or be achieved, or the abrogating of any of these agreement and agnate expressions) are not statements of absolute actuality and may be advanced statements.

Forward-looking statements are fabricated based aloft assertive assumptions by Arianne Phosphate or its consultants and added important factors that, if untrue, could account the absolute results, performances or achievements of Arianne Phosphate to be materially altered from approaching results, performances or achievements bidding or adumbrated by such statements. Such statements and advice are based on abundant assumptions apropos present and approaching business strategies and the ambiance in which Arianne Phosphate will accomplish in the future, including the bulk of Phosphate Concentrate, advancing costs and adeptness to accomplish goals. Assertive important factors that could account absolute results, performances or achievements to alter materially from those in the advanced statements include, but are not bound to: (i) estimated achievement date for the Ecology and Amusing Appulse Assessment; (ii) appropriate basic advance and estimated workforce requirements; (iii) estimates of net present bulk and centralized ante of return; (iv) cancellation of authoritative approvals on adequate agreement aural frequently accomplished time frames; (v) the acceptance that a accumulation accommodation will be made, and that accommodation will be positive; (vi) advancing timelines for the admission of abundance production; (vii) advancing timelines for association consultations and the cessation of an Appulse and Allowances Agreement; (viii) bazaar prices for asperous Phosphate Apply and the abeyant appulse on the Lac à Paul Project’s value; and (ix) approaching assay affairs and objectives.

By their absolute nature, advanced statements absorb inherent risks and uncertainties, both accepted and specific, and risks abide that estimates, forecasts, projections and added advanced statements will not be accomplished or that assumptions do not reflect approaching experience. We attention readers not to abode disproportionate assurance on these advanced statements as a cardinal of important accident factors could account the absolute outcomes to alter materially from the beliefs, plans, objectives, expectations, anticipations, estimates, assumptions and intentions bidding in such advanced statements. These accident factors may be about declared as the accident that the assumptions and estimates bidding aloft do not occur, including the acceptance in abounding advanced statements that added advanced statements will be correct, but accurately include, after limitation, (i) risks apropos to variations in the grade, phosphate bedrock lithologies and country bedrock agreeable aural the absolute articular as mineral assets from that predicted; (ii) variations in ante of accretion and breakage; (iii) the greater ambiguity of assay targets; (iv) developments in apple Phosphate Apply markets; (v) slower increases in Phosphate Apply valuations than assumed; (vi) risks apropos to fluctuations in the Canadian dollar and added currencies about to the US dollar; (vii) increases in the costs of proposed basic and operating expenditures; (viii) increases in costs costs or adverse changes to the agreement of accessible costs if any; (ix) tax ante or royalties actuality greater than assumed; (x) after-effects of assay in areas of abeyant amplification of resources; (xi) changes in development or mining affairs due to changes in added factors or assay after-effects of Arianne Phosphate; (xii) changes in activity ambit as affairs abide to be refined; (xiii) risks apropos to cancellation of authoritative approvals or the cessation of an Appulse and Allowances Agreement with ancient communities; (xiv) the furnishings of antagonism in the markets in which Arianne Phosphate operates; (xv) operational and basement risks; and (xvi) the added risks declared in Arianne Phosphate’s best afresh filed Anniversary Report, anniversary and acting MD&A, and Arianne Phosphate’s apprehension of and success in managing the aloft risks. Arianne Phosphate cautions that the aloft account of factors that may affect approaching after-effects is not exhaustive.

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When relying on our advanced statements to accomplish decisions with account to Arianne Phosphate, investors and others should anxiously accede the aloft factors and added uncertainties and abeyant events. Arianne Phosphate does not undertake to amend any advanced statement, whether accounting or oral, that may be fabricated from time to time by Arianne Phosphate or on our behalf, except as appropriate by law.

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