Mr. Raphael Gaudreault reports

ARIANNE PHOSPHATE AND ITS RESEARCH PARTNER RECEIVE A THREE-YEAR GRANT FOR THE DEVELOPMENT OF A PROMISING ORGANIC FERTILIZER

Arianne Phosphate Inc.'s joint research project with the CEGEP of Riviere-de-Loup's Environmental and Biotechnology Group (GREB) has received a grant of $727,500 over three years from the Natural Sciences and Engineering Research Council of Canada (NSERC), the major Canadian federal agency for funding natural sciences and engineering research in Canada.

The grant has been provided after a successful first round of work aimed at producing a new breed of fertilizers through a process, developed by the GREB, of combining Arianne's high-purity phosphate concentrate with organic waste (see press release dated Feb. 8, 2022). Today, most fertilizers (MAP (monoammonium phosphate) and DAP (diammonium phosphate)) are produced by taking mined phosphate concentrate and combining it with sulphuric acid and other ingredients. The work being done by GREB would alter the traditional process of making fertilizer, removing the requirement of acid, and allow for the use of organic wastes that otherwise often wind up in landfills.

"We are all very excited by the early success of this work," said Raphael Gaudreault, chief operating officer of Arianne Phosphate. "The potential of this work could be transformative, allowing the industry to move away from acid-based fertilizers towards a more circular and environmentally friendly way of production."

Arianne's Lac a Paul deposit is igneous in nature and, thus, quite rare. Due to its geological structure, Arianne can produce a very-high-purity, low-contaminant phosphate concentrate that allows it to be used in innovative and technically advanced products, thus separating the company from most of the other phosphate projects currently in place.

"Whether for use in innovative fertilizers or for its proven ability to work as a key ingredient in the growing LFP [lithium ferrophosphate]battery industry, Arianne can be an industry leader in the greening of the world's economy," added Arianne's president, Brian Ostroff.

Erratum

The company indicates that an error was made in the English press release dated Aug. 17, 2023. The expiration date of the stock options granted to Jeffrey Beck is Aug. 17, 2033.

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

Qualified person

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

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