Adriana Resources Inc.
TSX VENTURE : ADI

Adriana Resources Inc.

July 05, 2011 17:42 ET

Adriana Announces Grant of Incentive Stock Options

TORONTO, ONTARIO--(Marketwire - July 5, 2011) - Adriana Resources Inc. ("Adriana" or the "Company") (TSX VENTURE:ADI) announces that that it has granted incentive stock options to Officers, Employees and Consultants of the Company to purchase up to 640,000 common shares in the capital stock of the Company subject to regulatory approvals. The options are exercisable at a price of $0.99 per share, have a term of five years and are subject to vesting restrictions.

In addition, the Company is pleased to announce that it has entered into an agreement to retain Ms. Patricia Stirbys to provide services for the Company and manage the negotiation of Impact Benefits Agreements with the First Nations and Inuit Communities. Ms. Patricia Stirbys is a former Professor with the University of Ottawa, Common Law Faculty and is an experienced negotiator, with a specialization in Aboriginal Relations. She is a member of Cowessess First Nation. Ms. Stirbys has worked on a broad range of Aboriginal issues at the federal, provincial and Aboriginal government levels, including Aboriginal initiatives in renewable energy, intergovernmental relations, education agreements and First Nation Band management.

Allen J. Palmiere, President and C.E.O.

Certain information regarding the Company, may constitute forward-looking statements under applicable securities laws and necessarily involve known and unknown risks and uncertainties. As a consequence, actual results may differ materially from those anticipated in the forward-looking statements and caution should be exercised in placing undue reliance on forward looking information.

Neither the 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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