Adriana Resources Inc.

Adriana Resources Inc.

June 25, 2008 10:08 ET

Adriana Appoints Joseph Fodor as Executive Vice President

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 25, 2008) - Adriana Resources Inc. ("Adriana" or the "Company") (TSX VENTURE:ADI)(WKN:A0F7EL) is pleased to announce the appointment of Joseph Fodor, LL.B MBA as the Executive Vice President of the Company.

Over the past 30 years, Mr. Fodor has held senior executive positions with various financial institutions, and public and private companies, and brings extensive experience in legal and corporate finance, specializing in structuring domestic and international infrastructure projects. Since 2006, Mr. Fodor has been a partner with Watershed Capital Partners, a Vancouver based private investment banking firm.

From 2001 to 2006, Mr. Fodor was a partner with Norfolk Capital Partners and then a private consultant to a number of clients including private and public companies, financial institutions and investment banks to which he provided advisory services with respect to the initiating and syndicating of domestic and international infrastructure projects.

During 1998 to 2001, Mr. Fodor was employed by the CIT Group, formerly Newcourt Capital, a leading structured finance lender, as Director, Structured Finance, western Canada with responsibility for the initiation and completion of transactions in the corporate finance and structured finance arenas, and with an emphasis on infrastructure projects. From 1993 to 1998, Mr. Fodor was Executive Vice President of Nova Bancorp, a private Canadian investment bank that specializes in structuring and syndicating domestic and international structured finance transactions.

From 1977 to 1993, Mr. Fodor provided legal representation in Toronto to a diverse group of clients with primary emphasis in the areas of domestic and international financial services and entertainment law.

Mr. Fodor graduated from the University of Toronto in 1971 with a Bachelor of Arts degree, completed the LL.B from Queens in 1975, received admission to the Bar and law Society of Upper Canada in 1977 and completed an MBA from the University of Toronto in 1985.

Michael Beley, President and CEO of the Company stated, "Joseph Fodor brings extensive experience in the structuring of international financial transactions related to major infrastructure projects and a new level of executive leadership to Adriana's management team. As Adriana continues to advance its iron ore port facility in Brazil, to evaluate significant iron ore projects in Brazil for potential acquisition, and advances our iron projects in Quebec, Mr. Fodor will provide the necessary guidance and leadership to advance to our goal of becoming a key player in the iron ore industry."

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, President

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 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.

The TSX Venture Exchange does not accept responsibility for the accuracy or adequacy of this release.

Contact Information

  • Adriana Resources Inc.
    Robert Ferguson
    (604) 629-0250 or Toll Free: 1-877-629-0150
    Adriana Resources Inc.
    Ali Sinawi
    (604) 629-0250 or Toll Free: 1-877-629-0150