Arianne Resources Inc.
TSX VENTURE : DAN
OTC Bulletin Board : DRRSF
FRANKFURT : JE9N

Arianne Resources Inc.
Canada Phosphate

Canada Phosphate

February 23, 2011 09:00 ET

Arianne Resources New Drilling Confirms the Potential of the Paul Zone Deposit

SAGUENAY, QUEBEC--(Marketwire - Feb. 23, 2011) - The management of Arianne Resources Inc. (TSX VENTURE:DAN)(FRANKFURT:JE9N)(OTCBB:DRRSF) ("Arianne" or the "Company") is pleased to provide the following operational update of its work on the Paul Zone, one of two main deposits of Lac à Paul Phosphate Project. The mineralized zone is identified as having a length of 1,200m by 200m wide and remains open to a vertical depth of 400 m.

More than 4,125m of drilling was completed. The Company has received assay results from 14 of the 17 boreholes. One goal of this campaign was to confirm the continuity of the mineralized zone, as part of the process of upgrading the current inferred resources to the indicated category. The holes were drilled at an angle to better define the mineralized envelope. All of the updated results will be incorporated into the geological model developed by SGS Geostat, and a new resource calculation on the Paul Zone will be available for the coming pre-feasibility study.

The following table shows the major intersections along the boreholes obtained:

Hole # % P2O5 % TiO2 Length From Xm to Ym  
Pau-10-32 6.38 6.23 287.7 174.3 to 462 *
Pau-10-33 7.21 8.76 290.1 3.5 to 293.6  
Pau-10-34 Out        
Pau-10-35 6.44 9.03 126 306 to 432 *
Pau-10-36 7.95 6.96 42.7 4.3 to 47  
Pau-10-37 7.46 8.56 324.2 6.6 to 330.8  
Pau-10-38 6.69 8.68 215.3 135.7 to 351 *
Pau-10-39 5.54 11.86 48 6.6 to 54.6  
Pau-10-40 6.28 10.69 298.6 4.9 to 303.5 *
Pau-10-41 7.18 8.50 384.4 11.1 to 395.5  
Pau-10-42 5.08 5.46 67.6 4.40 to 72 *
Pau-10-43 6.62 9.38 165.3 159.2 to 324.5 *
Pau-10-44 Out        
Pau-10-45 6.35 6.63 186.2 2.8 to 189  

* = hole ended in mineralization

Canada Phosphate (www.canadaphosphate.com ) is the wholly owned subsidiary of Arianne and develops Lac à Paul phosphorus-titanium deposits. These deposits will produce high quality igneous apatite concentrate grading about 40% P2O5 with little or no contaminant. Arianne (www.arianne-inc.com ) is a Canadian exploration company whose primary mission is to explore and develop gold, silver and other metals deposits in Canada and Mexico . The Company has 53 million shares outstanding.

The Company wishes to announce the departure of Mr Serge Servant as a director. Mr Servant remains as a technical advisor to the Company for a period of one year.

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.

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