Mr. Jean-Sebastien David reports

ARIANNE PHOSPHATE CLOSES ON OVERSUBSCRIBED $5,750,000 FINANCING

Arianne Phosphate Inc. has closed its previously announced bought deal private placement offering of 11.5 million units of the company issued at 50 cents per unit for gross proceeds of $5.75-million.

"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 comprises one common share of the company and one-half of one transferable common share purchase warrant. Each warrant entitles the holder thereof to acquire one additional common share of the company at an exercise price of 71 cents per warrant share for a period of 24 months following the closing of the offering.

PI Financial Corp. acted as lead underwriter in connection with the offering with a syndicate including Red Cloud Securities Inc.

As consideration for the services provided by the underwriters in connection with the offering, the underwriters received (a) a cash commission equal to 6 per cent of the gross proceeds of the offering (reduced to 1 per cent for certain subscribers on the president's list); and (b) that number of non-transferable compensation warrants as is equal to 6 per cent of the number of units issued under the offering (reduced to 1 per cent 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 finance 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.

Qualified person

Jean-Sebastien David, PGeo, a qualified person under National Instrument 43-101, has approved this release. Mr. David is also the company's chief operating officer.

About Arianne Phosphate Inc.

Arianne Phosphate is developing the Lac a Paul phosphate deposits located approximately 200 kilometres north of the Saguenay/Lac St. Jean area of Quebec, Canada. These deposits will produce a high-quality igneous apatite concentrate grading 39 per cent phosphorus pentoxide with little or no contaminants (feasibility study released in 2013).

We seek Safe Harbor.