SAGUENAY, QUEBEC--(Marketwire - Aug. 24, 2012) - The board of directors of Arianne Resources Inc. (the "Company") (TSX VENTURE:DAN)(FRANKFURT:JE9N)(OTCBB:DRRSF) approved a modification to the Company's Stock option plan that will increase the number of options available for grant to 6,780,000 or less than 10 % of the Company's issued shares. The previous plan permitted the grant of 6,400,000 stock options. This modification is subject to the approval of the TSX Venture Exchange.
Arianne Resources (www.arianne-inc.com) through its wholly owned subsidiary Canada Phosphate(www.canadaphosphate.com) owns and is developing the Lac a Paul phosphate-titanium deposit that produces a superior grade apatite concentrate grading close to 39% P2O5. Arianne Resources also owns several other exploration properties exploring for gold, silver and other metals in Canada and Mexico. The Company currently has 68 M shares issued.
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