Mr. Jean-Sebastien David reports

ARIANNE ADVANCES TRANSPORT LOGISITICS FOR ITS LAC A PAUL PHOSPHATE PROJECT

Arianne Phosphate Inc.'s efforts surrounding transportation logistics have significantly progressed and will benefit the overall project and its economics.

As per its previously announced agreement surrounding truck-trailer optimization (see press release dated March 6, 2018), Arianne partnered with several parties to look at greater integration of aluminum into the truck-trailer design. Through this initiative over the past year, Arianne and its partners have advanced a design that will be able to reduce the weight of the transport trucks and allow for a greater payload per run. Once integrated, this will result in fewer trucks on the road, increasing safety and reducing the overall environmental impact. As well, this design will bring about greater economies of scale, resulting in a reduction in the cost of transporting Arianne's phosphate concentrate to port and, thus, the overall operating cost for its project. Already projected to be one of the lowest-cash-cost producers of high-purity phosphate concentrate, this effort will move Arianne even lower on the cost curve.

"One of the ongoing goals of the company is to continuously optimize our project," commented Jean-Sebastien David, Arianne's chief operating officer. "Our work regarding the truck-trailer design with our partners is one such effort, and work to date has demonstrated that the new design will lower the required number of trucks on the road without effecting the overall amount of tonnage shipped. The benefits of this is multifold; it reduces our environmental footprint and will lower both our capex [capital expenditures] and our ongoing opex [operating expenditures]. This collaboration was a group effort, and I would like to thank all our partners in this endeavour: the National Research Council of Canada; Alcoa Innovations; Centre Quebecois de recherche et de Development de l'aluminium; Societe de la vallee de l'aluminium; the Trans-Al network; Mecfor; and Groupe Alfred Boivin."

Arianne's work centred on project optimization is multifold and extends well beyond the operational side of the project itself. To that end, Arianne is happy to announce the addition of Raphael Gaudreault to its team. Mr. Gaudreault will be assuming the position of director of the mining sector and comes to Arianne after most recently serving as planning and mining performance manager at Arcelor, where he was responsible for medium-term and long-term mine planning for one of North America's largest open-pit operations, which includes: life-of-mine planning and optimization; mining equipment calculations; financial and technical project evaluation; and technical support to operation.

Qualified person

Jean-Sebastien David, professional geoscientist, 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 diphosphorus pentoxide with little or no contaminants (feasibility study released in 2013).

We seek Safe Harbor.