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Adriana Enters into Memorandums of Understanding with a Major Chinese Steel Company

Adriana Resources Inc. ("Adriana" or the "Company") - (TSX-V: ADI, WKN: A0F7EL) is pleased to announce that it has entered into two memorandums of understanding (together the "MOUs" and individually, a "MOU") with a major Chinese steel company ("Steel Co.").

Lac Otelnuk Project MOU

The first MOU addresses the Company's Lac Otelnuk iron ore property in Northern Qu�bec (the "Lac Otelnuk Project"). Steel Co. and Adriana have agreed to cooperate to bring the Lac Otelnuk Project into production, subject to (i) the negotiation and entering into of a definitive agreement and (ii) applicable regulatory approval.

As disclosed in the Company's news releases of March 23, 2009 and May 7, 2009, the Company completed a National Instrument 43-101 compliant mineral resource estimate and technical report (the "Report"). Pursuant to the Report, the following mineral resource estimate was defined:

Resource Classification Tonnes
(in Billions)
%Fe
Head
DTWR
%
%
 SiO2
%Fe
DTC
Indicated 4.29 29.08 27.26 3.53 68.00
Inferred 1.97 29.24 26.55 3.51 68.12

A copy of the Report is available under the Company's SEDAR profile available at www.sedar.com. The Report is subject to the assumptions and conditions set out therein.

Brazil Iron Ore and Port MOU

Pursuant to the second MOU, Steel Co. and Adriana have agreed to cooperate on the investigation and acquisition of iron ore projects in Brazil and if projects are acquired the parties have further agreed to potentially cooperate with respect to the development of the Company's proposed deepwater port located in Brazil.

The terms of the cooperation are subject to (i) Steel Co. obtaining iron ore resources in Brazil, (ii) the negotiation and entering into of a definitive agreement (iii) applicable regulatory approval, (iv) the terms of the "Port Agreement". Further details of the "Port Agreement" are summarized in the Company's news releases dated August 20, 2008, January 6, 2009, April 22, 2009 and June 1, 2009, copies of which are available under the Company's SEDAR profile available at www.sedar.com.

The MOUs are non-binding and there can be no assurances that the definitive agreements will be successfully negotiated and executed, if at all.

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 Allen Palmiere at (416) 363-2200 or apalmiere@adrianaresources..com or visit the Company's website at www.adrianaresources.com.

Mike Petrina, P. Eng., Vice President Operations of the Company and a Qualified Person as defined by National Instrument 43-101, has reviewed and approved the technical disclosure contained in this news release.

ON BEHALF OF ADRIANA RESOURCES INC.

(signed) "Allen J. Palmiere"

President and CEO

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 and permitting 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. Forward-looking statements are based on the expectations and opinions of the Company's management on the date the statements are made. The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise. A feasibility study has not been completed and there is no certainty the disclosed targets will be reached nor that the proposed operations will be economically viable.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

You can also view this News Release on our website at:
http://www.adrianaresources.com/s/NewsReleases.asp?ReportID=357024


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)


Jul 24, 2009: News Releases: Adriana Enters into Memorandums of Understanding w... (more...)

Jul 20, 2009: News Releases: Adriana Appoints Allen J. Palmiere to Board of Dir... (more...)

Jun 16, 2009: News Releases: Adriana Grants Incentive Stock Options (more...)

Jun 15, 2009: News Releases: Adriana Appoints Allen J. Palmiere as New Presiden... (more...)


 
 
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Annual reports of Adriana Resources Inc.
2008 Annual Report
Annual Report 2007
Financings of Adriana Resources Inc.
5/22/2011Continues Negotiations
2/15/2011Announces Signing $28 Million Private Placement With WISCO
11/11/2010Announces Closing of Second Tranche Non-Brokered Private Pla...
2/8/2010Announces Second Flow-Through Private Placement Closing and ...
12/31/2009Announces Flow-Through Private Placement Closing
12/17/2009Announces C$4 Million Flow-Through Financing and New Chairma...
11/15/2007Announces $30 Million Private Placement
Option Grants of Adriana Resources Inc.
9/18/2009Engages Investor Relations Specialists & Grants Incentive St...
8/19/2009Grants Incentive Stock Options
6/16/2009Grants Incentive Stock Options
5/25/2009Grants Incentive Stock Options
6/26/2008Grants Incentive Stock Options
Nominations of Adriana Resources Inc.
4/9/2013The Company Appoints a Director, Metallurgical
3/11/2013Announces Resignation of a Director of the Company
2/4/2013The Company Appoints a Director, Environment and Sustainabil...
7/4/2011Appoints Chief Financial Officer
7/20/2009Appoints Allen J. Palmiere to Board of Directors
4/20/2009Appoints New Directors to Board
11/20/2008Appoints Director of Port Development for Brazil Operations
6/25/2008Appoints Joseph Fodor as Executive Vice President
4/2/2008Appoints Paul Yeou to the Board of Directors
Project news of Adriana Resources Inc.
2/27/2013(Lac Otelnuk)Lac Otelnuk Property-Limited Notice to Proceed
10/22/2012(Lac Otelnuk)Provides Project Update for Lac Otelnuk
3/20/2011(Lac Otelnuk)Announces Assay Results
1/17/2011(Lac Otelnuk) Adriana Announces Strategic Partnership with WISCO
10/14/2009Provides Update on Permitting Process for Brazilian Deep Sea...
5/8/2009(Lac Otelnuk)Files National Instrument 43-101 Technical Report and Resou...
3/23/2009(Lac Otelnuk)Reports 4.29 Billion Tonnes of Indicated Mineral Resources a...
2/12/2009(Lac Otelnuk)Confirms Lac Otelnuk Iron Deposit Over 22.5 Square Kilometre...
1/29/2009(Lac Otelnuk)Commences Resource Estimate at Lac Otelnuk Iron Project
11/25/2008(Lac Otelnuk)Completes 2008 Exploration Program At Lac Otelnuk Iron Proje...
11/20/2008Provides Update on Accelerated Permitting Process for Brazil...
7/9/2008(Lac Otelnuk)Drills 1,730 Meters at Lac Otelnuk; Completes Geophysics on ...
6/4/2008(Lac Otelnuk)Commences 2008 Diamond Drill Program on the Company's 100% O...
5/29/2008Reaches Milestone in Brazil Port Permitting
4/3/2008(Lac Otelnuk)Reports Results at Lac Otelnuk - Drills 95.8m of 30.4% Fe
1/10/2008(Brazore Ltda) Completes Purchase of Brazilian Port Land; Achieves First P...
Corporate news of Adriana Resources Inc.
5/13/2013Grants Incentive Stock Options
1/25/2011Adriana Res. announces grant of 947.500 incentive options at...
11/19/2010Clarifies Reports
9/14/2010Recieves "IT" Environmental Permit for Brazilian Deep Sea Po...
12/1/2009BNN - Chinese Demand For Iron Ore - Interview with Adriana C...
11/25/2009Announces Management and Board Changes
8/17/2009Announces Approval Of Amended Arcelormittal Convertible Debe...
7/24/2009Enters into Memorandums of Understanding with a Major Chines...
6/1/2009ArcelorMittal Extends Port Agreement with Adriana
4/22/2009ArcelorMittal Extends Port Agreement with Adriana
3/9/2009& Stock Research Portal
1/6/2009Arcelormittal Extends Port Agreement with Adriana
11/12/2008Goldbard Cancels Agreement to Acquire MIE Metals Corp.
11/5/2008Iron sector hit by global slowdown
9/12/2008Closes $10 Million Financing
9/10/2008Goldbard Enters Agreement to Acquire MIE Metals Corp.
8/25/2008featured in the Globe and Mail
8/20/2008Partners With ArcelorMittal
8/11/2008Announces $2 Million Financing
7/2/2008We're Moving!
6/20/2008featured in Global Mining Finance
5/9/2008 Shareholders Approve Shareholder Rights Plan
5/9/2008Announces Dr. Anthony Patriarco Joins Board of Directors
4/8/2008 Adopts Shareholder Rights Plan
3/25/2008 Acquires Labrador Trough Iron Prospect
1/15/2008 Announces Conversion of Convertible Debentures
11/22/2007 Closes First Tranche of $30 Million Financing; Exercises Po...
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TSX-V (ADI.V)OTHER OTC (ANARF.PK)
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