Adriana Resources Inc.

Adriana Resources Inc.

August 19, 2010 16:48 ET

Adriana Announces Completion of Drilling Program at Its Lac Otelnuk Property in Quebec

TORONTO, ONTARIO--(Marketwire - Aug. 19, 2010) - Adriana Resources Inc. ("Adriana" or the "Company") - (TSX VENTURE:ADI) is pleased to announce it has completed an additional 40 diamond drill holes totaling 5,680 meters on the Company's Lac Otelnuk Iron Property located in the Labrador Trough, Nunavik, Québec. The deposit is a Lake Superior-type (Mesabi Range) taconite iron formation that has been identified over a strike length of approximately 25 km.

The primary objectives of the 2010 drilling program are to expand and upgrade a portion of the previously defined inferred and indicated mineral resource to a "measured resource" category through in-fill drilling, and to complete work requirements pursuant to the Bedford Resource Partners Inc. ("Bedford") Option Agreement ("Agreement") in the Lac Otelnuk Iron Property on a portion of the extensive 898 mining claim block. A total of 108 diamond drill holes totaling 13,258 meters have now been drilled on the South Zone of the deposit since 2007, over a strike length of 9 km and cross section width of 2.5 km. The Lac Otelnuk deposit is very uniform, dips gently to the northeast and has a potential thickness of approximately 100 meters where the deposit has not been eroded. Approximately 75% of the deposit outcrops to the surface. The deposit is open along strike to the northwest and southeast and down dip to the northeast. The 2010 program also includes extensive bench scale metallurgy testing, geological mapping to identify future drill targets on the northern portion of the claim block, and environmental baseline monitoring under the supervision of Golder Associates together with the installation of a meteorological station.

In 2009, a National Instrument 43-101 ("NI 43-101") compliant Technical Report and Mineral Resource Estimate was issued on behalf of the Company by Watts, Griffis and McOuat (the "NI 43-101 Report") pursuant to which mineral resource estimates totalling 6.26 billion tonnes were defined only for the South Zone of which 4.97 billion tonnes are indicated resources and 1.97 billion tonnes are inferred resources as follows:

Resource Classification for the          
South Zone of the Otelnuk Property Tonnes %TFe DTWR % %TFe
(cutoff of 18% DTWR) (in billions) Head % SiO2 DTC
Indicated 4.29 29.08 27.26 3.53 68.00
Inferred 1.97 29.24 26.55 3.51 68.12

A copy of the NI 43-101 Report was filed on SEDAR on May 7, 2009 and is available under the Company's SEDAR profile at The NI 43-101 Report is subject to the assumptions and conditions set out therein. Mr. Frank Condon, P.Eng., Consultant and Qualified Person as defined in NI 43-101, has reviewed and approved the disclosure relating to the South Zone of the Otelnuk Property and the NI 43-101 Report contained in this news release.

"Allen J. Palmiere"
President and CEO

Certain information regarding the Company, including the Company's plans to increase and upgrade mineral resources and management's assessment of future plans and operations, may constitute forward- looking statements under applicable securities laws and necessarily involve known and unknown risks and uncertainties. Without limitation, statements relating to potential mineralization and resources, exploration results, mining and development, future plans and objectives of the Company and imprecision of mineral resources estimates, are forward-looking statements that involve various degrees of risk. Certain important risk factors could cause the Company's actual results to differ materially from those expressed or implied by such forward-looking statements including, without limitation, changes in the world wide price of mineral commodities and currency fluctuations, general market conditions, the uncertainty of future profitability and access to sufficient capital, risks inherent in mineral exploration, development, construction and mining operations, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, environmental risks, access to labour and services and competition from other companies. As a consequence, actual results may differ materially from those anticipated in the forward-looking statements and caution should be exercised on placing undue reliance on forward looking information.

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 press release.

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