QUEBEC - Arianne Phosphate (the 'Company' or 'Arianne') (TSX VENTURE: DAN; OTC: DRRSF; FRANKFURT: JE9N), a development-stage phosphate mining company, advancing the Lac a Paul project in Quebec's Saguenay-Lac-Saint-Jean region, has closed its previously announced bought deal private placement offering of 11,500,000 units of the Company issued at $0.50 per Unit for gross proceeds of $5,750,000.

'Arianne's hard work over the last few years is starting to pay off and is not lost on our supporters,' said Brian Ostroff, President of Arianne Phosphate. 'The closing of this financing shows that interest in our Company is growing and investors are looking to capitalize on the improving macro. It is also an acknowledgement of Arianne's leading position in the phosphate area. With the Company now in a very strong financial position, Arianne will accelerate its move towards development. Further, with these additional resources, Arianne can continue to expand some of its work in other potential markets for its high-purity phosphate concentrate.'

Each Unit is comprised of one common share of the Company and one-half of one transferable common share purchase warrant (each whole warrant, a 'Warrant'). Each Warrant entitles the holder thereof to acquire one additional common share of the Company (a 'Warrant Share') at an exercise price of $0.71 per Warrant Share for a period of 24 months following the closing of the Offering.

PI Financial Corp. acted as lead underwriter (the 'Lead Underwriter') in connection with the Offering with a syndicate including Red Cloud Securities Inc. (together with the Lead Underwriter, the 'Underwriters').

As consideration for the services provided by the Underwriters in connection with the Offering, the Underwriters received: (a) a cash commission equal to 6% of the gross proceeds of the Offering (reduced to 1% for certain subscribers on the president's list (the 'President's List')) and (b) that number of non-transferable compensation warrants (the 'Compensation Warrants') as is equal to 6% of the number of Units issued under the Offering (reduced to 1% with respect to certain subscribers on the President's List). Each Compensation Warrant is exercisable to acquire one common share of the Company at the Issue Price for a period of 24 months following the closing of the Offering.

The net proceeds from the Offering will be primarily used to fund development expenses for the Lac a Paul Project, and for general working capital purposes.

All securities issued in connection with the Offering are subject to a statutory hold period in Canada expiring four months and one day from the closing of the Offering. The Offering remains subject to final acceptance of the TSX Venture Exchange.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the 'U.S. Securities Act'), or any state securities laws, and may not be offered or sold within the 'United States' or to 'U.S. Persons' (as such terms are defined in Regulation S under the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws or unless an exemption from such registration is available.

About Arianne Phosphate

Arianne Phosphate ('Arianne Phosphate Inc.') (www.arianne-inc.com) is developing the Lac a 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 (Feasibility Study released in 2013). The Company has 185,389,469 shares outstanding.

Contact:

Jean-Sebastien David

Tel: 418-549-7316

Email: j.s.david@arianne-inc.com

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