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Adriana Resources Inc.

Publié le 14 février 2008

Announces Brazilian Iron Ore Focus and Project Spin-Out

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Adriana Announces Brazilian Iron Ore Focus and Project Spin-Out

Adriana Resources Inc. ("Adriana" or the "Company") - TSX-V: ADI is pleased to announce the Company is restructuring to focus on becoming a fully integrated iron ore producer.

The Company has purchased a total of 771,818 square meters of land on the coast of Brazil for the development of an iron ore port facility (the purchase of the adjacent Lot 3 comprising 85,757 square meters is expected to be completed during the first quarter of 2008.). The Company has developed key strategic relationships and established a world-class team of mining, port engineering, shipping and iron ore trading professionals to assist in advancing the Brazilian iron ore strategy. Adriana has commenced the engineering and permitting required to develop a port facility initially capable of handling 5 million tonnes per year of iron ore, ramping up to 50 million tonnes by year five through the accelerated development of a deep water port facility.

Adriana is in discussions for the construction of two 15,000 tonne Self-Unloading Transport Vessels ("STV's"), which will be used at the port facility to transport ore at an initial annual production rate of 5 million tonnes, ramping up to twenty million tonnes of iron ore per year. A corporate video is available on Adriana's website (
www.adrianaresources.com) and provides an overview of the planned port facility.

Adriana's strategic relationship with Seabulk Systems ("Seabulk" -
www.seabulk.com) and WorldLink Resources Ltd. ("WorldLink" - www.worldlink-group.com) has created a vertically integrated alliance for the delivery of iron ore from Brazil to China and Europe. Seabulk, a world leader in the development of large scale bulk mineral systems, port development and shipping solutions will be a key manager in the construction of the STV's and development of the Brazilian port facility. WorldLink, a private Chinese based integrated trading and shipping company, engaged in the import and export business of iron ore, coal and other dry bulk commodities will assist in the shipping of iron ore to China and in the development of off-take contracts with the end users in China, Asia and Europe.

Adriana is well positioned to capitalize on the restricted and captive iron ore market by offering a short and long term solution to the current and future Brazilian iron ore miners and end users, noting all existing port facilities are running at full capacity. Adriana plans to provide the solution to transport iron ore from within Brazil to China, Asia and Europe to meet the surging demands for iron ore in the steel industry. The majority of iron ore that will be processed through the port is anticipated to originate from the Iron Quadrangle region of Brazil, which is situated just north of Rio de Janeiro in Brazil and contains some of the largest and highest grade underdeveloped iron ore deposits in the world.

Iron Ore Projects

The Company is presently evaluating iron ore projects based in Brazil with a view to obtaining an interest in iron ore development projects or mines.

The Company's Lac Otelnuk Iron Project located in Quebec, Canada is another key project that is expected to bring longevity to the iron supply side of the Company. The Company expects to be able to announce an update on the project in the near future detailing results from the drilling program that was completed in the fall of 2007. The Company is also investigating various opportunities to maximize shareholder value with the Mustavaara Vanadium-Iron-Titanium Project in Finland.

Project Spin-Out

Adriana has received board approval to spin out the MIE (Copper - Nickel - Platinum Group Elements) and the Bear Valley (Uranium) advanced exploration projects directly or indirectly into a new company to be named MIE Metals Corporation. The Company intends to list and have the shares trade on the TSX Venture Exchange. Shareholders of Adriana are intended to receive shares of the new company by way of a dividend-in-kind transaction which, in the discretion of the Company will be structured in the manner determined in consultation with the Company's legal, financial and tax advisers.

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.


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)


Feb 14, 2008: News Releases: Adriana Announces Brazilian Iron Ore Focus and Pro...
(more...)

Jan 17, 2008: News Releases: MIE Project Update
(more...)

Jan 15, 2008: News Releases: Adriana Announces Conversion of Convertible Debent...
(more...)

Jan 10, 2008: News Releases: Adriana Completes Purchase of Brazilian Port Land;...
(more...)


 
 

Adriana Resources Inc.

EXPLORATEUR
CODE : ADI.V
ISIN : CA00735P1062
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Adriana Res. est une société développant des projet miniers de fer basée au Canada.

Adriana Res. détient divers projets d'exploration au Bresil, au Canada et en Finlande.

Ses principaux projets en exploration sont MUSTAVAARA en Finlande, BRAZORE LTDA et MACKENZIE IGNEOUS EVENT au Bresil et UNAD JV au Canada.

Adriana Res. est cotée au Canada, aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 1,6 millions CA$ (1,2 millions US$, 1,1 millions €).

La valeur de son action a atteint son plus haut niveau récent le 05 mai 2006 à 2,03 CA$, et son plus bas niveau récent le 29 avril 2024 à 0,01 CA$.

Adriana Res. possède 157 554 238 actions en circulation.

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Rapports annuels de Adriana Resources Inc.
2008 Annual Report
Annual Report 2007
Financements de Adriana Resources Inc.
22/05/2011Continues Negotiations
15/02/2011Announces Signing $28 Million Private Placement With WISCO
31/12/2009Announces Flow-Through Private Placement Closing
17/12/2009Announces C$4 Million Flow-Through Financing and New Chairma...
15/11/2007Announces $30 Million Private Placement
Attributions d'options de Adriana Resources Inc.
18/09/2009Engages Investor Relations Specialists & Grants Incentive St...
19/08/2009Grants Incentive Stock Options
16/06/2009Grants Incentive Stock Options
26/06/2008Grants Incentive Stock Options
Nominations de Adriana Resources Inc.
09/04/2013The Company Appoints a Director, Metallurgical
11/03/2013Announces Resignation of a Director of the Company
04/02/2013The Company Appoints a Director, Environment and Sustainabil...
20/07/2009Appoints Allen J. Palmiere to Board of Directors
20/11/2008Appoints Director of Port Development for Brazil Operations
25/06/2008Appoints Joseph Fodor as Executive Vice President
16/05/2008Appoints Michael Petrina Vice President Operations
02/04/2008Appoints Paul Yeou to the Board of Directors
Projets de Adriana Resources Inc.
23/10/2013(Lac Otelnuk)The Company Awards Feasibility Study Contract for Lac Otelnu...
15/08/2013(Lac Otelnuk)on Corporate Position And Progress on Lac Otelnuk Project
22/10/2012(Lac Otelnuk)Provides Project Update for Lac Otelnuk
20/03/2011(Lac Otelnuk)Announces Assay Results
17/01/2011(Lac Otelnuk) Adriana Announces Strategic Partnership with WISCO
12/02/2009(Lac Otelnuk)Confirms Lac Otelnuk Iron Deposit Over 22.5 Square Kilometre...
29/01/2009(Lac Otelnuk)Commences Resource Estimate at Lac Otelnuk Iron Project
25/11/2008(Lac Otelnuk)Completes 2008 Exploration Program At Lac Otelnuk Iron Proje...
09/07/2008(Lac Otelnuk)Drills 1,730 Meters at Lac Otelnuk; Completes Geophysics on ...
04/06/2008(Lac Otelnuk)Commences 2008 Diamond Drill Program on the Company's 100% O...
29/05/2008Reaches Milestone in Brazil Port Permitting
03/04/2008(Lac Otelnuk)Reports Results at Lac Otelnuk - Drills 95.8m of 30.4% Fe
19/02/2008(Lac Otelnuk)Announces Update on Lac Otelnuk Drill Program
10/01/2008(Brazore Ltda) Completes Purchase of Brazilian Port Land; Achieves First P...
Communiqués de Presse de Adriana Resources Inc.
30/05/2016Adriana Files Financial Statements for the Quarter Ended Mar...
09/05/2016Adriana Provides Shareholder Update
01/04/2016Adriana Announces Change Of Director And Change Of CFO
31/03/2016Adriana Announces Change of Director and Change of CFO
26/02/2016Adriana Files Annual Financial Statements Ended December 31,...
04/01/2016Adriana Funds the Lac Otelnuk Joint Venture beyond 2020
06/11/2015Adriana Files Third Quarter Financial Statements Ended Septe...
06/08/2015Adriana Files Second Quarter Financial Statements ended June...
23/04/2015Adriana announces that it has filed a NI 43-101 Technical Re...
23/04/2015Adriana announces completion of the Feasibility Study on the...
22/04/2015Adriana Announces Completion of the Feasibility Study on the...
06/03/2015Vista Partners Publishes March 2015 Macroeconomic & Investme...
26/02/2015Adriana Files Financial Statements for the Year Ended Decemb...
06/02/2015Vista Partners Publishes February 2015 Macroeconomic & Inves...
06/11/2014Adriana Files Third Quarter ended September 30, 2014
21/10/2014Adriana Announces its Participation in Feasibility Study for...
18/09/2014Adriana Grants Incentive Stock Options
08/08/2014Adriana Files Second Quarter Ended June 30, 2014
03/07/2014Vista Partners Publishes July 2014 Macroeconomic & Investmen...
17/06/2014Adriana Grants Incentive Stock Options
08/05/2014Adriana Announces Results of the Financial Quarter ended Mar...
04/04/2014Vista Partners Publishes April 2014 Macroeconomic & Investme...
30/10/2013Announces Completion of Mineral Resource Estimate
13/04/2011(Lac Otelnuk)Announces Positive Preliminary Economic Assessment on Lac Ot...
25/01/2011Adriana Res. announces grant of 947.500 incentive options at...
01/12/2009BNN - Chinese Demand For Iron Ore - Interview with Adriana C...
25/11/2009Announces Management and Board Changes
17/08/2009Announces Approval Of Amended Arcelormittal Convertible Debe...
24/07/2009Enters into Memorandums of Understanding with a Major Chines...
01/06/2009ArcelorMittal Extends Port Agreement with Adriana
09/03/2009& Stock Research Portal
06/01/2009Arcelormittal Extends Port Agreement with Adriana
12/11/2008Goldbard Cancels Agreement to Acquire MIE Metals Corp.
05/11/2008Iron sector hit by global slowdown
12/09/2008Closes $10 Million Financing
10/09/2008Goldbard Enters Agreement to Acquire MIE Metals Corp.
25/08/2008featured in the Globe and Mail
20/08/2008Partners With ArcelorMittal
11/08/2008Announces $2 Million Financing
02/07/2008We're Moving!
20/06/2008featured in Global Mining Finance
09/05/2008 Shareholders Approve Shareholder Rights Plan
09/05/2008Announces Dr. Anthony Patriarco Joins Board of Directors
08/04/2008 Adopts Shareholder Rights Plan
25/03/2008 Acquires Labrador Trough Iron Prospect
20/02/2008 Signs Letter of Intent with Makivik Corporation
14/02/2008Announces Brazilian Iron Ore Focus and Project Spin-Out
15/01/2008 Announces Conversion of Convertible Debentures
22/11/2007 Closes First Tranche of $30 Million Financing; Exercises Po...
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