Adriana Resources Inc.

Adriana Resources Inc.

July 20, 2009 09:00 ET

Adriana Appoints Allen J. Palmiere to Board of Directors

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 20, 2009) - Adriana Resources Inc. ("Adriana" or the "Company") - (TSX VENTURE:ADI)(WKN:A0F7EL) is pleased to announce the appointment of Allen J. Palmiere to its board of directors.

Mr. Palmiere, who was recently appointed President and Chief Executive Officer of Adriana, brings over 35 years of extensive experience in senior executive and leadership roles in the mining industry. Prior to joining Adriana, Mr. Palmiere held the positions of Chairman and also President and CEO of HudBay Minerals Inc. He also previously served as Treasurer of Northgate Exploration Ltd., Chief Executive Officer and Chief Financial Officer of Breakwater Resources Ltd., Chief Financial Officer of Zemex Corporation, and Executive Chairman of Barplats Investments Limited.

"I would like to welcome Allen Palmiere as a director and look forward to his involvement at the board level, stated Michael Beley, Chairman of the Board of the Company.

Mr. Wilfried Struck, a founding board member, has stepped down and will now take a position on the Company's Advisory Committee.

"I wish to acknowledge the valued contribution that our outgoing director Wilf Struck has made to the Company. Mr. Struck, P. Eng., who joined the Company as a director in March 2004, played a key role in the advancement of our projects with his extensive experience as a Geotechnical Engineer and industry professional. Adriana is pleased that Mr. Struck will remain on as an Advisor for the Company," commented Michael Beley, Chairman of the Board of the Company.

About Adriana Resources Inc.

Adriana's goal is to become a fully integrated iron ore producer through continued development of its iron ore port facility in Brazil, through acquisition of iron ore mineral resources in Brazil, and the advancement of the Lac Otelnuk Iron Project in Quebec, Canada.


Michael J. Beley, Chairman

Certain information regarding the Company including management's assessment of future plans and operations, may constitute forward-looking statements under applicable securities laws and necessarily involve risks associated with mining exploration and development, volatility of prices, currency fluctuations, imprecision of resource estimates, environmental and permitting risks, access to labour and services, competition from other companies and ability to access sufficient capital. As a consequence, actual results may differ materially from those anticipated in the forward-looking statements. Forward-looking statements are based on the expectations and opinions of the Company's management on the date the statements are made. The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.

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.

Contact Information

  • Adriana Resources Inc.
    Robert Ferguson
    Investor Relations
    (604) 629-0250 or Toll Free: (877) 629-0150
    (604) 629-0923 (FAX)