Adriana
Commences Resource Estimate at Lac Otelnuk Iron Project
Adriana Resources
Inc. ("Adriana" or the "Company") - (TSX-V: ADI, WKN:
A0F7EL) is
pleased to report that as a result of the drilling programs on the Lac
Otelnuk Iron Project in 2007 and 2008, the Company has commenced a National
Instrument ("NI") 43-101 compliant Mineral Resource estimate with
Watts, Griffis and McOuat Limited ("WGM"), a Toronto-based firm
of independent consulting geologists and engineers.
"We are pleased to be in a position to advance the Lac Otelnuk Project
to this next stage, and anticipate that the initial Mineral Resource
estimate should be completed by the end of March 2009. This initial
estimate will serve as a base from which the Company can potentially expand
the iron resource to the northwest into the North Zone and also test the
southeast extension of the deposit beyond the current limit of
drilling," commented Michael Beley, President of Adriana.
Final drilling assay results were received from SGS Minerals Services in
late January 2009, and have been entered into Adriana's database software
programs and transmitted to WGM. Drilling results are expected to be
announced shortly, followed by the results of the Mineral Resource estimate
and a Technical Report compliant with NI 43-101 standards and guidelines
and Canadian Institute of Mining, Metallurgy and Petroleum
("CIM") definitions.
About Lac Otelnuk Iron Project
The Lac Otelnuk Iron Project lies within the Labrador Trough in Northern
Qu�bec. The deposit is a Lake Superior-type (Mesabi Range) taconite iron
formation. These types of deposits have been the principal source of iron
ore mined in the world. The Lac Otelnuk iron formation has been identified
over a strike length of approximately 25 kilometres through mapping and
exploration drilling in the 1970s.
A total of 67 diamond drill holes totaling 7,446 metres have now been
drilled by Adriana on a nine kilometre portion of the deposit referred to
as the South Zone (including 27 holes totaling 2,191 metres drilled in
2007). The 2008 drill campaign completed grid drilling of the South Zone at
a drill spacing of 600 m by 500 m.
Drilling has shown that the Lac Otelnuk iron formation stratigraphy is very
uniform, dips gently to the northeast and has a potential average thickness
of approximately 83 metres. The South Zone is open along strike (both
northwest and southeast) and down dip where it gently dips under the
overlying cap rock and is constrained only by the increasing thickness of
overlying cap rock. The western flank of the deposit outcrops and is
delimited by surface erosion.
For further information on the Lac Otelnuk Iron Project please refer to
Adriana's website at: www.adrianaresources.com/s/LacOtelnuk.asp
Mr. Frank Condon, P.Eng., a director of the Company and a qualified person
as defined by NI 43-101, has reviewed and approved the technical disclosure
contained in this news release.
About Adriana Resources Inc.
Adriana's goal is to become a fully integrated iron ore producer through
continued development of its iron ore port facility in Brazil, through
acquisition of iron ore mineral resources in Brazil, and the advancement of
the Lac Otelnuk Iron Project in Qu�bec, Canada.
For more information, contact Robert Ferguson or Ali Sinawi at (604)
629-0250 or toll free at (877) 629-0150 or visit the Company's website at www.adrianaresources.com.
ON BEHALF OF ADRIANA RESOURCES INC.
"Michael J. Beley"
President
Certain information regarding the Company
including management's assessment of future plans and operations, may
constitute forward-looking statements under applicable securities laws and
necessarily involve risks associated with mining exploration and
development, volatility of prices, currency fluctuations, imprecision of
resource estimates, environmental risks, access to labour and services,
competition from other companies and ability to access sufficient capital.
As a consequence, actual results may differ materially from those anticipated
in the forward-looking statements. The TSX Venture Exchange does not accept
responsibility for the accuracy or adequacy of this release.
You can also view this News Release on our website at:
http://www.adrianaresources.com/s/NewsReleases.asp?ReportID=336141

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Suite 1580, One Bentall Centre
505 Burrard Street, Box 72
Vancouver, BC
Canada V7Y 1C6
Telephone: 604.629.0250
Fax: 604.629.0923
Toll Free: 877.629.0150
Email:
info@adrianaresources.com
 
(TSX-V: ADI)
 
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