Mr. Jeffrey Beck reports

ARIANNE PHOSPHATE ANNOUNCES ELECTION RESULTS OF ITS ANNUAL GENERAL MEETING

Arianne Phosphate Inc. has released election results of its 2023 annual general meeting, representing its fiscal year ended Dec. 31, 2022.

All the resolutions that were presented at the AGM were approved by the shareholders. These resolutions include the nomination of the directors and the auditor, as well as the renewal of the corporation's stock option plan.

Arianne is pleased to announce that the company shareholders have elected Dominique Bouchard, Brian Ostroff, Jeffrey Beck, James Cowley, Marco Gagnon, Siva Pillay, Steven Pinney, Raef Sully and Claude Lafleur as directors of the company during the AGM held on June 27, 2023.

About Arianne Phosphate Inc.

Arianne 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 P2O5 with little or no contaminants (feasibility study released in 2013). The company has 196,809,271 shares outstanding.

Qualified person

Raphael Gaudreault, Eng, qualified person by National Instrument 43-101, has approved this release. Mr. Gaudreault is also the company's chief operating officer.

We seek Safe Harbor.