Mr. Raphael Gaudreault reports

A PARTNERSHIP INVOLVING ARIANNE PHOSPHATE RECEIVES $1.4 MILLION FOR WORK ASSOCIATED WITH THE LFP BATTERY

Arianne Phosphate Inc.'s partnership involving Arianne and several other organizations has received a grant of $1.4-million from the Consortium de recherche et d'innovation en transformation metallique (CRITM).

The grant covers an initiative aimed at developing a new process for producing high-purity iron for use in Quebec's lithium-iron-phosphate (LFP) battery cathode manufacturing process. As part of this effort, Arianne will be providing tailings containing magnetite (iron) from its Lac a Paul deposit that will be further processed and purified into the material necessary for these batteries.

In addition to the work being done as part of the partnership, Arianne is advancing its efforts toward the development of a downstream facility to produce purified phosphoric acid (PPA), another necessary ingredient required for the LFP battery. Both phosphate and high-purity iron were placed on Quebec's critical mineral list in 2024 because of the rapid growth of the LFP battery. Despite the importance of the LFP, the West currently has very little production capability with over 95 per cent of these batteries being manufactured in China. Initiatives such as this one, as well as other programs put in place, are instrumental as the West looks to secure its own supply chains. Arianne, through its ownership of the Lac a Paul project is an important part of this equation as Canada looks to create a complete battery ecosystem for Western needs.

Arianne would also like to congratulate its chief operating officer, Raphael Gaudreault, on his recent election to the board of Reseau MCS (network for critical and strategic minerals). Mr. Gaudreault's appointment recognizes both his individual knowledge and expertise, along with the importance Arianne, will play in the critical mineral space on a go-forward basis.

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 with little or no contaminants ("Feasibility Study to Produce 3Mtpy of High Purity Apatite Concentrate at the Lac a Paul Project, Quebec, Canada" released on Nov. 13, 2013). The company has 202,890,210 shares outstanding.

Qualified person

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

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