Arianne Phosphate and Groupe Alfred Boivin sign a Memorandum of Understanding for the ground transport of phosphate concentrate

A key logistical component of the Lac à Paul project

DAN: TSX-V (Canada)
JE9N: FSE (Germany)
DRRSF: OTC (USA)

SAGUENAY, QC, April 27 , 2017 /CNW Telbec/ - Arianne Phosphate (the "Company" or "Arianne") (TSXV: DAN) (OTC: DRRSF) (FRANKFURST: JE9N), a development-stage phosphate mining company, advancing the Lac à Paul project in Quebec's Saguenay-Lac-Saint-Jean region, is pleased to announce the signing of a Memorandum of Understanding ("MOU") agreement with Groupe Alfred Boivin ("GAB") for the trucking of the Company's high purity phosphate concentrate between the Lac à Paul mine site and the marine terminal on the north shore of the Saguenay River.

"This represents a very important logistical step for Arianne," stated Jean-Sébastien David, Chief Operating Officer of Arianne. "Groupe Alfred Boivin, is a large regional company whose knowledge of local conditions will greatly enhance our plans to transport our product in a safe, environmentally friendly and cost effective way. The services offered by GAB are perfectly aligned with our transportation strategy and will allow for the final design specifications of our trucks and trailers, as well as logistics and road and fleet maintenance. The use of a regional company will also allow for the participation of the First Nations and local companies. Groupe Alfred Boivin joins a growing list of highly qualified organizations that have partnered with Arianne to see the Lac à Paul project become a reality which, will provide for the betterment of our stakeholders and unlock value for our investors."

Research and Development
This MOU provides for a research and development program for the final selection of the truck and, the creation of the trailer. GAB will have the mandate to develop a truck fleet specifically tailored for Arianne's requirements and will incorporate innovative approaches surrounding sustainable technologies and environmental concerns in a cost-effective manner; policies that both companies are strongly committed to.

Regional Economic Impacts
By being located in the Saguenay-Lac-Saint-Jean area, Groupe Alfred Boivin's activities will benefit the region as a whole as it anticipates working with the First Nations involved in the Lac à Paul project as well as with regional economic players for the various aspects of transport, maintenance and road upkeep.

"The signing of this Memorandum of Understanding is good news not only for our company but for the region as a whole", commented Stéphane Boivin, General Manager of GAB. "We are committed to working with the First Nations involved in the project and interested local businesses to maximize the economic benefits available to the region."

About Groupe Alfred Boivin
The Groupe Alfred Boivin is a family-run business that began in the Saguenay-Lac-Saint-Jean region in 1947. Originally specializing in earthworks (or demolition work, or excavation), the company quickly became known by diversifying into various sectors of civil engineering, transport and the environment, all within the industrial, commercial and real estate sectors. For 70 years now, the Groupe Alfred Boivin has been one of the largest employers in the Saguenay-Lac-Saint-Jean region.

About Arianne Phosphate
Arianne Phosphate ("Arianne Phosphate Inc.") (www.arianne-inc.com) is developing the Lac à Paul phosphate deposits located approximately 200 km north of the Saguenay/Lac St. Jean area of Quebec, Canada. These deposits will produce a high quality igneous apatite concentrate grading 39% P2O5 with little or no contaminants. The Company has 97,648,080 million shares outstanding.

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.

Cautionary Statements Regarding Forward Looking Information

This news release contains "forward-looking statements" and "forward-looking information" within the meaning of applicable securities regulations in Canada and the United States (collectively, "forward-looking information"). Forward-looking information includes, but is not limited to, anticipated quality and production of the apatite concentrate at the Lac à Paul project. Often, but not always, forward-looking information can be identified by the use of words such as "plans", "expects, "is expected", "budget", "scheduled", "estimates", forecasts", "intends", "anticipates", or "believes", or the negatives thereof or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might", or "will" be taken, occur or be achieved. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: volatile stock price; risks related to changes in commodity prices; sources and cost of power facilities; the estimation of initial and sustaining capital requirements; the estimation of labour and operating costs; the general global markets and economic conditions; the risk associated with exploration, development and operations of mineral deposits; the estimation of mineral reserves and resources; the risks associated with uninsurable risks arising during the course of exploration, development and production; risks associated with currency fluctuations; environmental risks; competition faced in securing experienced personnel; access to adequate infrastructure to support mining, processing, development and exploration activities; the risks associated with changes in the mining regulatory regime governing the Company; completion of the environmental assessment process; risks related to regulatory and permitting delays; risks related to potential conflicts of interest; the reliance on key personnel; financing, capitalization and liquidity risks including the risk that the financing necessary to fund continued exploration and development activities at Lac à Paul project may not be available on satisfactory terms, or at all; the risk of potential dilution through the issue of common shares; the risk of litigation. Forward-looking information is based on assumptions management believes to be reasonable at the time such statements are made, including but not limited to, continued exploration activities, no material adverse change in commodity prices, exploration and development plans proceeding in accordance with plans and such plans achieving their stated expected outcomes, receipt of required regulatory approvals, and such other assumptions and factors as set out herein. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such forward-looking information. Accordingly, readers should not place undue reliance on forward-looking information. Forward-looking information is made as of the date of this press release, and the Company does not undertake to update such forward-looking information except in accordance with applicable securities laws.

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SOURCE Arianne Phosphate Inc.