Arianne Resources Inc.

Arianne Resources Inc.

October 31, 2006 12:22 ET

D'Arianne Resources Inc.: New Significant Results from the Opinaca Property, James Bay

CHICOUTIMI, QUEBEC--(CCNMatthews - Oct. 31, 2006) - The management of Arianne Resources Inc (TSX VENTURE:DAR) is pleased to announce the latest results from the drilling campaign underway on its Opinaca property located in James Bay, south of the Opinaca reservoir.

Drill holes OPI-06-40 to OPI-06-44 were located in the volcanites of the Chino zone where previous channel sampling returned grades of 144.00 g/t Au on 0.9 m. Drill hole OPI-06-42 returned 2.34 g/t Au on 1 metre and 1.4 g/t Au on 2 metres along the hole at a vertical depth of 30 metres. Drill hole OPI-06-43 returned 3.30 g/t Au on 6.75 metres along the hole, including 5.83 g/t Au on 3.75 metres, within a corresponding horizon intersected at 60 metres, vertical depth. Drill hole OPI-06-41, located 25 metres north of the two previous ones, intersected 1.15g/t Au on 5.50 metres along the hole, including 2.02 g/t Au on 2.50 metres. Drill hole OPI-06-44 that intersected the volcano-sedimentary contact near the Chino zone returned 8.47 g/t Au on 1.0 metre and 4.71 g/t Au on 1.40 metre along the hole within the volcanites.

The resampling of drill hole OPI-06-37, that has a type of mineralization (Sedimented Hosted Gold Deposit) similar to Goldcorp's Eleonore deposit (Roberto-Type Gold Mineralization), returned an intersection of 1.52 g/t Au on 13.6 metres along the drill hole at a vertical depth of 75 metres. Drill hole OPI-06-47, drilled under drill hole OPI-06-37 at a vertical depth of 125 metres, returned 2.11 g/t Au on 7.25 metres along the hole.

Drill hole OPI-06-48 was done to test the East extension of the gold-bearing sedimentary horizon intersected by drill hole OPI-06-37, returned 1.33 g/t Au on 4.05 metres along the hole at a vertical depth of 80 metres. All the data mentioned herein was taken along the drill holes. For additional information regarding these results, see the following link :

Additional drill results from this property should be released soon. These drill holes are testing the type of mineralization of OPI-06-37 and OPI-06-34 where a mineralization similar to the lac a l'Eau Claire deposit (Eastmain Resources) was intersected earlier in the summer (31.44 g/t Au on 2.6 metres; September 6, 2006 press release).

These works are under the supervision of Mr. Daniel Boulianne, Qualified Person under NI 43-101. Assays are performed at Laboratoire Expert, of Rouyn-Noranda.

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

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