Adriana Resources Inc.

Adriana Resources Inc.

May 25, 2006 09:30 ET

Adriana Closes Private Placement

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - May 25, 2006) - Adriana Resources Inc. (the "Company") (TSX VENTURE:ADI) is pleased to announce it has closed a non-brokered private placement for gross proceeds of $2,686,905. The private placement consisted of 2,066,850 units priced at $1.30 per unit. Each unit consists of one common share and one-half warrant. Each whole warrant is exercisable for a period of two years from closing to acquire one common share at a price of $1.75 per share. The shares and warrants underlying the units are subject to hold periods in accordance with TSX Venture Exchange (the "Exchange") policies and applicable securities laws. The Company paid a cash commission of 7%, or $134,680, on funds sourced to eligible finders in respect of certain units placed under the financing and issued 51,800 broker warrants exercisable at $1.75 for a period of two years from closing. Insiders purchased 30,000 units of the private placement. Proceeds of the financing will be used for continued exploration of the Company's mineral properties in Nunavut and Quebec and for general working capital.

For more information, contact Ali Sinawi at (604) 629-0250 or visit the Company's website at Information concerning the Company is also available on Pacific Imperial's website at


Michael J. Beley, President

This release includes certain statements that may be deemed "forward-looking statements". Investors are cautioned that any such statements are not guarantees of future performance and that actual results or developments may differ materially from those projected in the forward-looking statements.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy of this release.

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