Arianne Phosphate Inc. announced that it has reached an agreement in principle with the Port of Saguenay regarding the future site of a maritime loading facility on the north shore of the Saguenay River. This Agreement will allow for both the Company and the Port to finalize details surrounding the costs, construction and operations of the facility from which, Arianne will be shipping its phosphate concentrate globally. The final agreement will cover the use of the facility for an initial period of 30 years, thereafter renewable twice for periods of 10 years. Currently, the Port of Saguenay operates its facilities on the south shore of the Saguenay River and is a main commercial hub in the region, shipping and receiving a variety of goods year-round. As part of the Agreement, Arianne will sell to the Port a parcel of land on the north shore thus, allowing for construction of a loading facility that allows for easy access and serves as gateway to international commercial centers.