Arianne Phosphate announced that the company's Board of Directors has named Mr. Marco Gagnon as Chairman, replacing Mr. Dominique Bouchard. Mr. Bouchard will remain on the Board but, has stepped away as Chairman for personal reasons. The Company wishes to thank Mr. Bouchard for his hard work during these past five years to ensure the progress of Arianne.

Mr. Gagnon is a professional geologist with 30 years management experience within the Canadian mining industry in a wide range of commodities from project exploration to mine production. Since 2004, Mr. Gagnon has held senior management positions including President and CEO of Adventure Gold, a company acquired by Probe Gold, where he currently serves as Executive Vice President and a member of their Board of Directors. Mr. Gagnon has served on the Board of Arianne since 2011.