Saguenay, Quebec CANADA, November 02, 2007 - Arianne Resources Inc. (DAR - TSX Venture), has arranged a financing for maximum proceeds of $2,000,000 with Northern Securities Inc. The placement consists of the issue of up to $500,000 in Units and up to $1,500,000 in Flow-Through Units. Each Unit will consist of one common share (at the price of $0.125) and one common share purchase warrant (at the price of $0.15). Each Flow-Through Unit will consist of one flow-through common share (at the price of $0.15) and one half of a common share purchase warrant (at the price of $0.18). The warrants will be exercisable for two years after the closing. The new shares are subject to a four-month minimum hold period. Under the terms of the engagement with Arianne Resources Inc., Northern Securities Inc. will act as the lead agent and conduct the offering on a best efforts basis. This financing is subject to the approval of the TSX Venture Exchange.
"We are very pleased to make such arrangement with Northern Securities", said Bernard Lapointe, Ph.D., President and CEO. "With this financing, Arianne Resources will be able to progress with these very promising properties in the Opinaca sector, Abitibi and North Shore regions."
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
For additional information, please contact
Mr. Bernard Lapointe, president
Tel : (418) 549-7316 ; Fax : (418) 549-4428
bernard@arianne-inc.com
Norman Forrest, V-P Development
450-736-0453
norman@arianne-inc.com
