Adriana Signs Letter of Intent with Makivik Corporation
Adriana Resources Inc. ("Adriana" or the
"Company") -- TSX-V: ADI is pleased to announce that in January
2008 the Company signed a Letter of Intent ("LOI") with Makivik
Corporation ("Makivik") that establishes a committee that will
serve as the formal forum for communications between Adriana and Makivik.
Under the LOI, Adriana agrees to foster communications with Nayumivik
Landholding Corporation of Kuujjuaq, the Northern Village of Kuujjuaq and
the Kativik Regional Government.
Makivik is the development corporation mandated to manage the heritage
funds of the Inuit of Nunavik provided for in the James Bay and Northern
Quebec Agreement (JBNQA). Makivik's role includes the administering and
investment of these funds, and in promoting economic growth through the
assistance of the creation of businesses run by Inuit in Nunavik. Makivik
promotes the preservation of Inuit culture and language as well as the
health, welfare, relief of poverty, and education of Inuit in the
communities.
Michael Beley, President of Adriana states, "This agreement establishes
the Company's commitment to community education and involvement with
respect to our activities in their region. This is a foundation for
transparency of our activities that will have a social and economic impact
on the community of Kuujjuaq, and throughout the Nunavik region.
About Adriana Resources Inc.
Adriana's goal is to become a fully integrated iron ore producer in Brazil
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 Quebec, 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 adequacy or
accuracy of this release.

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Suite 1818 - 701 West Georgia St
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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