arianne resources (tsx-v:dan) corporate presentation

Lac à Paul Project – Arianne Resources Inc. January, 2012

Slide: 2

Disclaimer

Total resources include all categories unless otherwise stated. All currency are in US $ unless otherwise stated. This presentation contains forward looking statements. All statements, other than statements of historical fact, included herein, including without limitation, statements regarding potential mineralisation and reserves, exploration results and future plans and objectives of d’Arianne Resources Inc, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from d’Arianne Resources Inc’s expectations are disclosed under the heading "Risk Factors" and elsewhere in d’Arianne Resources Inc’s documents filed from time-to-time with the TSX Venture and other regulatory authorities.

20/02/2012 Copyright © 2009 Arianne Resources Inc .

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Overview

Shares Outstanding 66.3 million Options 5.4 million

Warrants 11.4 million

Fully Diluted 83.1 million

Recent Share Price $1.20

Market Capitalization (FD) $99.7 million

Cash $5.5 million

Debt $0

TSXv: DAN (Jan 6, 2012)


• Pre-feasibility Study completed by Met-Chem in November 2011

– Measured and Indicated Resources now 348 Million mt at 6.5% P2O5

– Inferred Resources of additional 114 Million mt at 5.5% P2O5

– Mine life of 25 years at 2 Million mt/yr 85 BPL P2O5 concentrate

– Initial Capital of $649 Million

Arianne Resources is a minerals company focused on developing our principal asset, the Lac à Paul Phosphate Project Lac à Paul Project – Phosphate Rock Concentrate mine located in Saguenay-Lac-St. Jean region,Quebec, Canada

– Operating Costs FOB Rail of $98/mt P2O5 concentrate

– Assumed Life of Mine Concentrate Sales Price of $175/mt in constant dollars

– NPV (8%): Pre-tax $684 Million, After-tax $362 Million

– After-tax Payback Period of 5.2 years

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Overview


• COREM and Jacobs Engineering Testwork completed October 2011

‒ Mill recovery at 90% yields 39% P2O5 concentrate with MER of 0.079

‒ Acidulation testing confirmed 98% recovery of P2O5 to phosphoric acid

‒ Low corrosion of 6.5 mils/yr for 317L and 1.9 mils/yr for 904L

‒ Low sulfuric acid use at 2.18 mt/mt P2O5

‒ Low gypsum production of 3.94 mt/mt P2O5

‒ MAP and DAP exceeding standard grades for N and P2O5

‒ High quality concentrate suitable for blending with low-quality rock

• Existing power, logistics, population + governmental, community and first nations support = low-cost production of high-quality product available to supply global export phosphate rock market.

Lac à Paul Project – Phosphate Rock Concentrate mine located in Saguenay-Lac-St. Jean region,Quebec, Canada

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The Arianne Team

Bernard Lapointe CEO, Director

Bernard has extensive experience in the resource sector. Prior to Arianne, he served as director of the Sanguenay-Lac-Saint-Jean Mining Fund. He acted as a geochemist analyst for the Centre for Research in Mineral Resources of University of Quebec. Bernard holds a B.A. in geology from the University of Quebec, a Masters degree in structural geology from University of Quebec, and a Ph.D. in mineral resources from the University of Quebec.

Marco Gagnon Director

Marco is a senior mining exploration professional with 20 years of experience, mostly with major mining companies. He is currently President and CEO of Adventure Gold, a Montreal-based gold exploration company. He was a founder and former President and CEO of Focus Metals. He worked with Inmet Mining, Barrick Gold, Minnova and Radisson Mining Resources. He has a graduate degree in geology from the University of Quebec.

Jim Cowley President, Director

Jim is a metallurgical engineer with an MBA in finance. He worked in various roles from Mill Metallurgist to Financial and Business Development manager, where he acted as a negotiator in the sale and purchase of mineral assets for Exxon, Climax Molybdenum and Rio Tinto.

Luc Boivin Director

Luc is currently VP Finance and Marketing of Fromagerie Boivin. He also serves on different boards of directors including Promotion Saguenay. Luc is the chairman of Technologie Biolatis.

Alain Vachon Director

Alain is a geologist with more than 30 years experience in the mining industry. He has worked for Exploration Noranda, Barrick, and with Rouyn Mining Resources where he was chief geologist of mining operations. In the past 12 years, Alain worked mainly in Peru with Sulliden, Gold Hawk and Paramount Gold.

Dave DeBiasio Director

Dave is a retired metallurgical engineer. He served as Vice President of Energy and Raw Minerals at Agrium, a leading global fertilizer company where he actively participated in the development of the Kapuskasing phosphate mine.

Guthrie Stewart Director, Secretary

Guthrie has over 25 years’ experience in private equity investments, senior management and corporate law. Until Dec 2007, he was a partner of the Equity Fund of EdgeStone Capital Partners. He is currently serving as the Chairman of Orbit Garant Drilling. He earned an LL B. from Osgoode Hall Law School and an MBA from INSEAD, Europe

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History & Going Forward

Brief History of Lac à Paul • Property discovered in late 1990s

– Originally explored for Nickel – Phosphate/Titanium was discovered

• Market in 1990s was not ready for the project • Listed in 2003 • Phosphate price escalated in the last 2-3 years, and the Company decided to move the project forward • Established Initial Resource • Completed Scoping Study • Completed Pre-feasibility Study

Key Catalysts

• Evaluation of increased production scenario (3.0 Mtpy) and recovery and sale of titanium concentrate (Early 2012) • Feasibility to commence after the evaluation • Drilling the Paul Zone and other zones including Lucie and Nicole Zones

Phosphorous is an essential ingredient in fertilizers used for plant and root development

• There are no substitute for phosphates in fertilizers

• 87% of all phosphate supply is used for fertilizers

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Phosphate and the World

Phosphate Rock Demand

• Phosphate Rock demand reached record levels in 2010 and is projected to grow at an annual rate of 2% through 2020

• Demand for high P2O5, low Cadmium rock will dominate phosphate rock trade in EU and North America

• CRU projects that phosphate prices will remain high, having been undervalued vs. MAP/DAP prices in past

• Global phosphate rock mining capacity utilization will climb to near-record levels of 85% by 2020

• North American phosphate import requirements will grow to 6.5mt by 2020

• Lac a Paul is not included in CRU production estimates

Phosphate Production and Consumption1, 2

Note 1 CRU; Phosphate Rock 10-Year Outlook 2011, updated in Sep 2011 2 Growth is based on 2010-2020 annual growth rate

(in mt) Production Consumption Surplus/ 2010 2020 Growth 2010 2020 Growth Deficit

Europe 13.3 15.1 1.3% 19.6 20.5 0.5% (5.4) Africa 42.2 58.2 3.3% 26.9 40.4 4.2% 17.8 North America 26.2 24.8 (0.5%) 32.1 31.3 (0.2%) (6.5) Latin America 8.3 16.7 7.2% 10.6 16.4 4.5% 0.3 Middle East 14.0 21.1 4.2% 6.7 16.1 9.2% 5.0 Asia-Pacific 74.2 82.4 1.1% 83.7 93.6 1.1% (11.2) World 178.2 218.3 2.1% 179.6 218.3 2.0% -

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Project located 200 km north of the town of Saguenay in the Saguenay-Lac-St-Jean region, Québec, Canada

The property covers an area of more than 25,000 hectares or 250 km²

Key Highlights

• Existing heavy-duty road, rail line and port = excellent access to export market

• Existing hydro-power facilities nearby (35 km) = low power cost

• Saguenay-Lake St. Jean area population of 300,000 = high-quality labor pool

Lac à Paul


Road Train

20 km

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Peribonka IV

Lac a Paul Project

Saguenay Port • Year-round deep water port supports cape-size vessels. • Capacity for 4 million mt/yr concentrate storage, handling and ship-loading. • Connection to rail infrastructure in progress.

Chute-des-Passes Road • Well-maintained heavy-duty gravel road supporting logging industry • 165 mt capacity road & bridges support 115 mt/truck phosphate rock loads • 210 km from project to railhead at Dolbeau requires 2 truck loads/hour

• Power requirement of 46 MW easily supplied by 750 MW Rio Alcan Chute-des-Passes dam 35 km away or 450 MW Peribonka IV Hydro Quebec dam.

Power Generation

Chute-des-Passes

• Rail access at Dolbeau-Mistassini, 210km away from the project via road • Connected to North American Rail Network (CN)

Rail

• Population of 272,610 • Largest City: Saguenay (Pop: 143,692) • Work force: 127,500 (Sep 2011) • Unemployment Rate: 7.5% (Sep 2011)

Saguenay-Lac-St-Jean Region

Lac Saint-Jean

Copyright © 2009 Arianne Resources Inc .

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Lac à Paul


Proven and Problable Reserves

Paul Zone extension and other known mineralizations

1 km

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Lac à Paul


Proven and Problable Reserves

Paul Zone extension and other known mineralizations

1 km

Paul

Manouane

Lucie

Nicole

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Pre-Feasibility Study

• Open-pit mining operations at the Paul and Manouane Zones

• Low Strip Ratio of 0.83

• Annual Production of 2 million tonnes of 39% P2O5 apatite concentrate

• Average selling price of the concentrate $175/tonne (2015 to 2020) ‒ Comparable to 85 BPL Russian grade concentrate

• Estimated mine life: 25 years at 33,000

tonnes/day with 89% mill recovery rate

Highlights

Assumed Concentrate Price $175/tonne

Annual Concentrate Production Mine Life

~2mtpa 25 years

Direct CAPEX $454 million Indirect CAPEX $121 million Contingency $74 million Total CapEx $649 million Cash Operating Cost (mine site) $87/tonne Cash Operating Cost (Train FOB) $98/tonne Capital Payback (before tax) 4.7 years IRR (before tax) 19.2% NPV (8%) (before tax) $684 million

Capital Payback (after tax) 5.2 years

IRR (after tax) 15.2%

NPV (8%) (after tax) $362 million

Prefeasibility Study


• Initial Capex increases by 20% to ~$780 million

• Pre-tax NPV (8%) increases to $1 Billion

• Operating costs fall considerably (~20%)

3 million mt/yr Phos Rock Production Rate Scenario (preliminary figures)

13

Future Mine Capital Costs Estimate ($ million) Mine 66.7 Ore process (mill) 336.6 Tailings and water management facilities 18.4 General services and infrasctructure at mine site 61.9 Service vehicles and equipment 7.6 Insurance and spare parts 10.4 Power and communication 67.2 Stockpile and rail car load-out 80.2

Total capital cost 649.0


AGGREGATE PLANT

FUEL GARAGE

CRUSHER ORE AND RECLAIM

ADMIN

20/02/2012 14 Copyright © 2009 Arianne Resources Inc .

Open-pit Paul

AGGREGATE PLANT

FUEL GARAGE

CRUSHER ORE AND RECLAIM

ADMIN

Updated NI 43-101 Resources

Resources NI 43-101

• M&I resources quadruple over the previous resource estimates

• Fall 2011 drilling program has extended Paul zone from 1.3km to 2.0km strike length and still open in both directions and below 400m

• Manouane Zone covers an area of about 1000 metres long by 250m wide and is open at depth over 300m

• Drilling program in progress

NOTE 1 Cut-off grade of 2.43% P2O5

Paul Zone1 Manouane Zone1 Zone 21 Total

Mt P2O5 (%)

TiO2 (%)

Mt P2O5 (%)

TiO2 (%)

Mt P2O5 (%)

TiO2 (%)

Mt P2O5 (%)

TiO2 (%)

Measured (M) 22.1 6.82 7.89 136.9 5.93 8.77 - - 159.0 6.05 8.65 Indicated (I) 161.8 7.1 8.21 26.9 5.64 8.46 - - 188.7 6.89 8.24 Total (M&I) 183.9 7.06 8.17 163.8 5.88 8.72 - - 347.7 6.50 8.43 Inferred 50.3 6.61 8.25 - - 64 4.55 4.57 114.3 5.46 6.90

Slide: 15 20/02/2012 Copyright © 2009 Arianne Resources Inc .

Products

Phosphoric Acid, MAP and DAP Production • Produced high quality phosphoric acid, MAP and DAP (exceeds standard grades) • Low corrosion rates (6.5 mils/yr for 317L and 1.9 mils/yr for 904L)3

• Low acid use (2.18 mt/mt P2O5) • Low gypsum production (3.94 mt/mt P2O5) • High recovery from rock to phos acid (98%) • No de-foaming or filtration reagents required in phos acid production.

Apatite Concentrate • Apatite concentrate with

P2O5 content of 39% and and below-detection levels of Cd, Hg, As and radioactive elements.

Slide: 16 20/02/2012 Copyright © 2009 Arianne Resources Inc .

Content Content P2O5 (%)1 39.1 Total SiO2 (%)1 2.49 CaO (%)1 52.1 Acid Insoluble SiO2 (%)2 1.81 MgO (%)1 0.96 Acid Soluble SiO2 (%)2 0.59 Fe2O3 (%)1 1.67 Organic C (%)2 0.91 Al2O3 (%)1 0.84 H2O (%)2 0.30 Na2O (%)1 0.28 CaO/P2O5 Analytical Ratios1 1.33 K2O (%)1 0.15 F/Soluble SiO2

1 2.88 F (%)1 1.70 F/(SiO2+Al2O3+MgO)1 0.40

(Fe2O3+Al2O3)/P2O51 0.064

Cl ppm (water soluble)2 108 (Fe2O3+Al2O3+MgO)/P2O5 (MER)2 0.079 Cl ppm (total)1 860 SO3 (%)2 0.12 Cd ppm1 < 0.5 CO2 (%)2 2.38 Hg ppm 1 < 0.02 INSOL (%)2 1.75 As ppm 1 < 0.05 Loss of Ignition(LOI)(%)1 0.51 U mg/L1 < 0.02

1 Analysis from Corem 2 Analysis from Jacobs Engineering Inc.

3Note: non-detecable levels of corrosion observed with oxidizer when operating at 30% P2O5, Jacob's report.

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Not All Phosphates Are Created Equal

Igneous Rocks vs. Sedimentary Rocks • Phosphate rock from Lac à Paul is igneous rock

• Phosphate rock from Zone Paul (average M&I grade of 7.06%) can be beneficiated to phosphate concentrate (39% P2O5)

• Recovery of 89% of P2O5

• Very low content of contaminants in the concentrate

Igneous Deposits Sedimentary Deposits

Grade of rock

4-15% P2O5

10-30% P2O5

Mining and crushing

Consolidated rocks

Very easy if the rocks are unconsolidated

Beneficiation (chemical treatment)

Easy separation and treatment Recovery % more than 85% (and

can be >90%)

due to carbonate and phosphate separation

Recovery % between 75 to 85%

Concentrate grade

35-41% P2O5

Average grade of 29% P2O5

but can reach 35% P2O5

Concentrate quality

Contain very little or not at all contaminant

(Concentrates from carbonite rock could contain more contaminant)

Could contain some contaminant (heavy metals,

uranium,…)

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Comparable Companies

Stonegate MBAC Arianne

Resources M&I: 39.5mt @ 10% Inf: 376.3mt @ 9% (Peru)

+ M&I: 19mt @ 30.6%

Inf: 12mt @ 30.1% (Idaho)

M&I: 58.8mt @ 5.0% Inf: 24.0mt @ 5.3% (Itafos)

+ Inf: 33.5mt @ 12.4% (Santana)

M&I: 347.7mt @ 6.5% Inf: 114.3mt @ 5.46%

Resources - P2O5 Content

M&I: 9.8Mt P2O5 Inf: 37.5Mt P2O5



Product n/a SSP, P2O5 Concentrate 38% P2O5 Concentrate

Cost/tonne n/a US$104.32/tonne (LOM) C$98/tonne

NPV n/a US$252.5m (10%) C$684 million (8%)

CapEx n/a US$195 million C$649 million

Status Conducting Scoping Study PFS Completed PFS completed

Geography Peru, Idaho Brazil Quebec

Market Cap1 C$168 million C$301 million C$100 million

Market Cap / P2O5 Content2

$17.1/t P2O5 $103.8/t P2O5 $4.4/t P2O5

Note 1 Capital IQ, company filings. As of January 6, 2012. Based on fully-diluted shares 2 M&I P2O5 Content only

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Key Milestones

Milestones 2012

2013 2014 2015 Q1 Q2 Q3 Q4

Additional drilling inside and outside mining zones

Environmental Impact Study

Additional Metallurgical Work1

Increased Production Scenario

Feasibility Study

Quebec Government Environment Public Hearings

Mine Construction


1to include ilmenite and magnetite product testing.

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Summary & Going Forward

Key Competitive Advantages of the Lac à Paul Project

• Extraordinary M&I resource with highly prospective mineralized zones will yield large, low-cost, long-lived phosphate rock supply source to export market for 25+ years.

• Low 0.8:1 strip ratio on existing M&I reserves

• High-quality igneous deposit = 90% recovery, 39% (85 BPL) concentrate, high-value product

• Conventional truck & shovel mining, concentrating and transport

• Existing power and logistics infrastructure ensure competitive cost to export market

• Quebec's Plan du Nord will support development with infrastructure investment

• Saguenay Communities and First Nations support new employment opportunity

• No environmental challenges in resource development-friendly region


Next Stages

• Evaluation of increased production scenarios (3.0 Mtpy)

• More drilling in Paul Zone and other areas including Lucie and Nicole

•Feasibility study to commence after the evaluation

Paul Zone outcrop

Appendix

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Name of site Location Tonnes

(Mt)

Rock content

(% P2O5)

Concentrate content after beneficiation

(% P2O5) Status

Khibiny1 Russia 4 000 15 Unknown In operation

Tapira Brazil 1010 6.5 35 In operation

Kovdor Russia 700 7 Unknown In operation

Araxa Brazil 619 15 36 In operation

Siilinjarvi Finland 465 4 35.3 In operation

Lac à Paul Canada 3482 6.5 39 In development

Kapuskasing Canada n/a 24 35 To close by 2013

Catalao Brazil 275 11 35 In operation

Jacupiranga Brazil 100 5 36 In operation

Notes 1 Biggest deposit in the world, resources not updated 2 Combine mesured and indicated resources.

Igneous Rock Deposits in the World

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Name of site Location Tonnes (Mt)

Rock content

(% P2O5)

Concentrate content after beneficiation

(% P2O5)

Status

Kara Tau Kazakhstan 800 10.1 Unknown In operation

New Valley Egypt 715 25 31 In operation

Umm Wu’al Saudi Arabia 537 19 to 35 Unknown In operation

Al Jalamid Saudi Arabia 5341 20.4 32-33 In operation

Paradise -Legend Australia 3922 15.7 32.5 In development

Lee Creek United States 365 30.7 Unknown In operation

Arad-Rotem Israel 300 23 to 30 32 In operation

Zohar Israel 250 23 to 30 32 In operation

Zin Israel 150 23 to 30 32 In operation

Notes 1 Combined indicated and measured resources 2 Combined indicated and inferred resources

Sedimentary Rock Deposits in the World

Principal Office 30 rue Racine Est, suite 160 Chicoutimi, QC G7H 1P5 Canada Telephone: (418) 549 7316 Facsimile: (418) 549 5750 Email: [email protected] Website:www.arianne-inc.com

Contacts – Investors Relations

Bernard Lapointe, Ph D, geo. CEO

[email protected]

Jim Cowley President

Telephone: (801) 599-3789 [email protected]

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