1. Lac à Paul Project – Arianne Resources Inc.
January, 2012

2. Disclaimer
Total resources include all categories unless otherwise stated.
All currency are in US $ unless otherwise stated.
This presentation contains forward looking statements. All statements, other than statements of
historical fact, included herein, including without limitation, statements regarding potential
mineralisation and reserves, exploration results and future plans and objectives of d’Arianne
Resources Inc, are forward-looking statements that involve various risks and uncertainties.
There can be no assurance that such statements will prove to be accurate and actual results
and future events could differ materially from those anticipated in such statements. Important
factors that could cause actual results to differ materially from d’Arianne Resources Inc’s
expectations are disclosed under the heading "Risk Factors" and elsewhere in d’Arianne
Resources Inc’s documents filed from time-to-time with the TSX Venture and other regulatory
authorities.
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3. Overview
Arianne Resources is a minerals company focused on developing our principal asset, the Lac à
Paul Phosphate Project
Lac à Paul Project – Phosphate Rock Concentrate mine located in Saguenay-Lac-St. Jean
region,Quebec, Canada
• Pre-feasibility Study completed by Met-Chem in November 2011
– Measured and Indicated Resources now 348 Million mt at 6.5% P2O5
– Inferred Resources of additional 114 Million mt at 5.5% P2O5
– Mine life of 25 years at 2 Million mt/yr 85 BPL P2O5 concentrate
– Initial Capital of $649 Million
TSXv: DAN (Jan 6, 2012)
– Operating Costs FOB Rail of $98/mt
P2O5 concentrate Shares Outstanding 66.3 million
Options 5.4 million
– Assumed Life of Mine Concentrate Sales
Price of $175/mt in constant dollars Warrants 11.4 million
– NPV (8%): Pre-tax $684 Million, After- Fully Diluted 83.1 million
tax $362 Million Recent Share Price $1.20
– After-tax Payback Period of 5.2 years Market Capitalization (FD) $99.7 million
Cash $5.5 million
Debt $0
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4. Overview
Lac à Paul Project – Phosphate Rock Concentrate mine located in Saguenay-Lac-St. Jean
region,Quebec, Canada
• COREM and Jacobs Engineering Testwork completed October 2011
‒ Mill recovery at 90% yields 39% P2O5 concentrate with MER of 0.079
‒ Acidulation testing confirmed 98% recovery of P2O5 to phosphoric acid
‒ Low corrosion of 6.5 mils/yr for 317L and 1.9 mils/yr for 904L
‒ Low sulfuric acid use at 2.18 mt/mt P2O5
‒ Low gypsum production of 3.94 mt/mt P2O5
‒ MAP and DAP exceeding standard grades for N and P2O5
‒ High quality concentrate suitable for blending with low-quality rock
• Existing power, logistics, population + governmental, community and first
nations support = low-cost production of high-quality product available to
supply global export phosphate rock market.
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5. The Arianne Team
Bernard has extensive experience in the resource sector. Prior to Arianne, he served as director of the
Bernard Lapointe Sanguenay-Lac-Saint-Jean Mining Fund. He acted as a geochemist analyst for the Centre for Research in
CEO, Director Mineral Resources of University of Quebec. Bernard holds a B.A. in geology from the University of Quebec, a
Masters degree in structural geology from University of Quebec, and a Ph.D. in mineral resources from the
University of Quebec.
Jim is a metallurgical engineer with an MBA in finance. He worked in various roles from Mill Metallurgist to
Jim Cowley Financial and Business Development manager, where he acted as a negotiator in the sale and purchase of
President, Director mineral assets for Exxon, Climax Molybdenum and Rio Tinto.
Luc is currently VP Finance and Marketing of Fromagerie Boivin. He also serves on different boards of
Luc Boivin directors including Promotion Saguenay. Luc is the chairman of Technologie Biolatis.
Director
Dave is a retired metallurgical engineer. He served as Vice President of Energy and Raw Minerals at Agrium, a
Dave DeBiasio leading global fertilizer company where he actively participated in the development of the Kapuskasing
Director phosphate mine.
Marco is a senior mining exploration professional with 20 years of experience, mostly with major mining
Marco Gagnon companies. He is currently President and CEO of Adventure Gold, a Montreal-based gold exploration
Director company. He was a founder and former President and CEO of Focus Metals. He worked with Inmet Mining,
Barrick Gold, Minnova and Radisson Mining Resources. He has a graduate degree in geology from the
University of Quebec.
Guthrie has over 25 years’ experience in private equity investments, senior management and corporate law.
Guthrie Stewart Until Dec 2007, he was a partner of the Equity Fund of EdgeStone Capital Partners. He is currently serving as
Director, Secretary the Chairman of Orbit Garant Drilling. He earned an LL B. from Osgoode Hall Law School and an MBA from
INSEAD, Europe
Alain Vachon Alain is a geologist with more than 30 years experience in the mining industry. He has worked for Exploration
Noranda, Barrick, and with Rouyn Mining Resources where he was chief geologist of mining operations. In the
Director
past 12 years, Alain worked mainly in Peru with Sulliden, Gold Hawk and Paramount Gold.
Slide: 5

6. History & Going Forward
Brief History of Lac à Paul
• Property discovered in late 1990s
– Originally explored for Nickel
– Phosphate/Titanium was discovered
• Market in 1990s was not ready for the project
• Listed in 2003
• Phosphate price escalated in the last 2-3 years, and the
Company decided to move the project forward
• Established Initial Resource
• Completed Scoping Study
• Completed Pre-feasibility Study
Key Catalysts
• Evaluation of increased production scenario (3.0 Mtpy)
and recovery and sale of titanium concentrate (Early 2012)
• Feasibility to commence after the evaluation
• Drilling the Paul Zone and other zones including Lucie
and Nicole Zones
Slide: 6

7. Phosphate and the World
Phosphorous is an essential ingredient in fertilizers Phosphate Rock Demand
used for plant and root development • Phosphate Rock demand reached record
• There are no substitute for phosphates in fertilizers levels in 2010 and is projected to grow at
an annual rate of 2% through 2020
• 87% of all phosphate supply is used for fertilizers
• Demand for high P2O5, low Cadmium
rock will dominate phosphate rock trade in
EU and North America
Phosphate Production and Consumption1, 2 • CRU projects that phosphate prices will
remain high, having been undervalued vs.
(in mt) Production Consumption Surplus/
MAP/DAP prices in past
2010 2020 Growth 2010 2020 Growth Deficit
Europe 13.3 15.1 1.3% 19.6 20.5 0.5% (5.4) • Global phosphate rock mining capacity
Africa 42.2 58.2 3.3% 26.9 40.4 4.2% 17.8 utilization will climb to near-record levels
North America 26.2 24.8 (0.5%) 32.1 31.3 (0.2%) (6.5) of 85% by 2020
Latin America 8.3 16.7 7.2% 10.6 16.4 4.5% 0.3
Middle East 14.0 21.1 4.2% 6.7 16.1 9.2% 5.0 • North American phosphate import
Asia-Pacific 74.2 82.4 1.1% 83.7 93.6 1.1% (11.2) requirements will grow to 6.5mt by 2020
World 178.2 218.3 2.1% 179.6 218.3 2.0% - • Lac a Paul is not included in CRU
production estimates
Note
1 CRU; Phosphate Rock 10-Year Outlook 2011, updated in Sep 2011
2 Growth is based on 2010-2020 annual growth rate
Slide: 7

8. Lac à Paul
Project located 200 km north of
the town of Saguenay in the
Saguenay-Lac-St-Jean region,
Québec, Canada
The property covers an area of
more than 25,000 hectares or 250
km²
Road
Train
Key Highlights
• Existing heavy-duty road, rail line
and port = excellent access to
export market
• Existing hydro-power facilities
nearby (35 km) = low power cost
• Saguenay-Lake St. Jean area
population of 300,000 = high-
quality labor pool
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9. Lac a Paul Chute-des-Passes Road
Power Generation Project • Well-maintained heavy-duty gravel
• Power requirement of 46 MW road supporting logging industry
easily supplied by 750 MW Rio Chute-des-Passes • 165 mt capacity road & bridges
Alcan Chute-des-Passes dam 35 support 115 mt/truck phosphate rock
km away or 450 MW Peribonka IV loads
Hydro Quebec dam. • 210 km from project to railhead at
Dolbeau requires 2 truck loads/hour
Peribonka IV
Saguenay Port
• Year-round deep water port supports
cape-size vessels.
• Capacity for 4 million mt/yr
concentrate storage, handling and
ship-loading.
Saguenay-Lac-St-Jean Region • Connection to rail infrastructure in
progress.
• Population of 272,610
• Largest City: Saguenay (Pop: 143,692)
• Work force: 127,500 (Sep 2011)
Lac Saint-Jean • Unemployment Rate: 7.5% (Sep 2011)
Rail
• Rail access at Dolbeau-Mistassini,
210km away from the project via road
• Connected to North American Rail
Network (CN)
20 km
Copyright © 2009 Arianne Resources Inc . Slide: 9

10. Lac à Paul
Proven and
Problable Reserves
Paul Zone extension
and other known
mineralizations
1 km
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11. Lac à Paul
Paul Nicole
Proven and
Problable Reserves Manouane
Paul Zone extension
and other known Lucie
mineralizations
1 km
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12. Pre-Feasibility Study
Highlights
Prefeasibility Study
• Open-pit mining operations at the Paul and Assumed Concentrate Price $175/tonne
Manouane Zones
Annual Concentrate Production ~2mtpa
Mine Life 25 years
• Low Strip Ratio of 0.83
Direct CAPEX $454 million
• Annual Production of 2 million tonnes of 39% Indirect CAPEX $121 million
P2O5 apatite concentrate Contingency $74 million
Total CapEx $649 million
• Average selling price of the concentrate Cash Operating Cost (mine site) $87/tonne
$175/tonne (2015 to 2020)
Cash Operating Cost (Train FOB) $98/tonne
‒ Comparable to 85 BPL Russian grade concentrate
Capital Payback (before tax) 4.7 years
• Estimated mine life: 25 years at 33,000 IRR (before tax) 19.2%
tonnes/day with 89% mill recovery rate NPV (8%) (before tax) $684 million
Capital Payback (after tax) 5.2 years
IRR (after tax) 15.2%
3 million mt/yr Phos Rock Production NPV (8%) (after tax) $362 million
Rate Scenario (preliminary figures)
• Initial Capex increases by 20% to ~$780 million
• Pre-tax NPV (8%) increases to $1 Billion
• Operating costs fall considerably (~20%)
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13. Future Mine
Capital Costs Estimate ($ million)
Mine 66.7
Ore process (mill) 336.6
Tailings and water management facilities 18.4
General services and infrasctructure at mine site 61.9
Service vehicles and equipment 7.6
Insurance and spare parts 10.4
Power and communication 67.2
Stockpile and rail car load-out 80.2
CRUSHER ORE Total capital cost 649.0
AGGREGATE FUEL AND RECLAIM
PLANT GARAGE ADMIN
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14. Open-pit Paul
CRUSHER ORE
AND RECLAIM
AGGREGATE FUEL ADMIN
GARAGE
PLANT
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15. Resources NI 43-101
Updated NI 43-101 Resources
• M&I resources quadruple over the previous resource estimates
• Fall 2011 drilling program has extended Paul zone from 1.3km to 2.0km
strike length and still open in both directions and below 400m
• Manouane Zone covers an area of about 1000 metres long by 250m wide
and is open at depth over 300m
• Drilling program in progress
Paul Zone1 Manouane Zone1 Zone 21 Total
Mt P2O5 TiO2 Mt P2O5 TiO2 Mt P2O5 TiO2 Mt P2O5 TiO2
(%) (%) (%) (%) (%) (%) (%) (%)
Measured (M) 22.1 6.82 7.89 136.9 5.93 8.77 - - 159.0 6.05 8.65
Indicated (I) 161.8 7.1 8.21 26.9 5.64 8.46 - - 188.7 6.89 8.24
Total (M&I) 183.9 7.06 8.17 163.8 5.88 8.72 - - 347.7 6.50 8.43
Inferred 50.3 6.61 8.25 - - 64 4.55 4.57 114.3 5.46 6.90
NOTE
1 Cut-off grade of 2.43% P O
2 5
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16. Products Content Content
P2O5 (%)1 39.1 Total SiO2 (%)1 2.49
CaO (%)1 52.1 Acid Insoluble SiO2 (%)2 1.81
MgO (%)1 0.96 Acid Soluble SiO2 (%)2 0.59
Apatite Concentrate Fe2O3 (%)1 1.67 Organic C (%)2 0.91
• Apatite concentrate with Al2O3 (%)1 0.84 H2O (%)2 0.30
P2O5 content of 39% Na2O (%)1 0.28 CaO/P2O5 Analytical Ratios1 1.33
and and below-
K2O (%)1 0.15 F/Soluble SiO21 2.88
detection levels of Cd,
Hg, As and F (%)1 1.70 F/(SiO2+Al2O3+MgO)1 0.40
radioactive elements. (Fe2O3+Al2O3)/P2O51 0.064
Cl ppm (water soluble)2 108 (Fe2O3+Al2O3+MgO)/P2O5 (MER)2 0.079
Cl ppm (total)1 860
SO3 (%)2 0.12 Cd ppm1 < 0.5
CO2 (%)2 2.38 Hg ppm 1 < 0.02
INSOL (%)2 1.75 As ppm 1 < 0.05
Phosphoric Acid, Loss of Ignition(LOI)(%) 0.51 U mg/L
1 1 < 0.02
MAP and DAP Production
• Produced high quality phosphoric acid, MAP and DAP (exceeds standard grades)
• Low corrosion rates (6.5 mils/yr for 317L and 1.9 mils/yr for 904L)3
• Low acid use (2.18 mt/mt P2O5)
• Low gypsum production (3.94 mt/mt P2O5)
• High recovery from rock to phos acid (98%)
• No de-foaming or filtration reagents required in phos acid production. 1 Analysis from Corem
2 Analysis from Jacobs Engineering Inc.
3Note: non-detecable levels of corrosion observed with oxidizer when operating at 30% P O , Jacob's report.
2 5
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17. Not All Phosphates Are Created Equal
Igneous Deposits Sedimentary Deposits
Grade of rock
4-15% P2O5 10-30% P2O5 Igneous Rocks vs.
Mining and
Sedimentary Rocks
crushing
Consolidated rocks Very easy if the rocks are • Phosphate rock from Lac à
unconsolidated
Paul is igneous rock
Beneficiation
• Phosphate rock from Zone
(chemical
treatment)
Paul (average M&I grade of
Easy separation and treatment due to carbonate and
Recovery % more than 85% (and phosphate separation 7.06%) can be beneficiated to
can be >90%) Recovery % between 75 to phosphate concentrate (39%
85% P2O5)
Concentrate
• Recovery of 89% of P2O5
grade
35-41% P2O5 Average grade of 29% P2O5 • Very low content of
but can reach 35% P2O5 contaminants in the
Concentrate concentrate
quality
Contain very little or not at all Could contain some
contaminant contaminant (heavy metals,
(Concentrates from carbonite rock uranium,…)
could contain more contaminant)
Slide: 17

18. Comparable Companies
Stonegate MBAC Arianne
Resources M&I: 39.5mt @ 10%
M&I: 58.8mt @ 5.0%
Inf: 376.3mt @ 9% (Peru)
Inf: 24.0mt @ 5.3% (Itafos) M&I: 347.7mt @ 6.5%
+
+ Inf: 114.3mt @ 5.46%
M&I: 19mt @ 30.6%
Inf: 33.5mt @ 12.4% (Santana)
Inf: 12mt @ 30.1% (Idaho)
Resources - M&I: 9.8Mt P2O5 M&I: 2.9Mt P2O5 M&I: 22.6Mt P2O5
P2O5 Content Inf: 37.5Mt P2O5 Inf: 9.6Mt P2O5 Inf: 6.2Mt P2O5
Product n/a SSP, P2O5 Concentrate 38% P2O5 Concentrate
Cost/tonne n/a US$104.32/tonne (LOM) C$98/tonne
NPV n/a US$252.5m (10%) C$684 million (8%)
CapEx n/a US$195 million C$649 million
Status Conducting Scoping Study PFS Completed PFS completed
Geography Peru, Idaho Brazil Quebec
Market Cap1 C$168 million C$301 million C$100 million
Market Cap / $17.1/t P2O5 $103.8/t P2O5 $4.4/t P2O5
P2O5 Content2
Note
1 Capital IQ, company filings. As of January 6, 2012. Based on fully-diluted shares
2 M&I P O Content only
2 5
Slide: 18

19. Key Milestones
2012
Milestones 2013 2014 2015
Q1 Q2 Q3 Q4
Additional drilling inside and
outside mining zones
Environmental Impact Study
Additional Metallurgical
Work1
Increased Production
Scenario
Feasibility Study
Quebec Government
Environment Public
Hearings
Mine Construction
1to include ilmenite and magnetite product testing.
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20. Summary & Going Forward
Key Competitive Advantages of the Lac à Paul Project
• Extraordinary M&I resource with highly prospective mineralized zones will yield large, low-cost,
long-lived phosphate rock supply source to export market for 25+ years.
• Low 0.8:1 strip ratio on existing M&I reserves
• High-quality igneous deposit = 90% recovery, 39% (85 BPL) concentrate, high-value product
• Conventional truck & shovel mining, concentrating and transport
• Existing power and logistics infrastructure ensure competitive cost to export market
• Quebec's Plan du Nord will support development with infrastructure investment
• Saguenay Communities and First Nations support new employment opportunity
• No environmental challenges in resource development-friendly region
Next Stages
• Evaluation of increased production
scenarios (3.0 Mtpy)
• More drilling in Paul Zone and other
areas including Lucie and Nicole
•Feasibility study to commence after the
evaluation
Paul Zone outcrop
20/02/2012 Copyright © 2009 Arianne Resources Inc . Slide: 20

21. Appendix

22. Igneous Rock Deposits in the World
Rock Concentrate content
Tonnes
Location content after beneficiation Status
Name of site (Mt)
(% P2O5) (% P2O5)
Khibiny1 Russia 4 000 15 Unknown In operation
Tapira Brazil 1010 6.5 35 In operation
Kovdor Russia 700 7 Unknown In operation
Araxa Brazil 619 15 36 In operation
Siilinjarvi Finland 465 4 35.3 In operation
Lac à Paul Canada 3482 6.5 39 In development
Kapuskasing Canada n/a 24 35 To close by 2013
Catalao Brazil 275 11 35 In operation
Jacupiranga Brazil 100 5 36 In operation
Notes
1 Biggest deposit in the world, resources not updated
2 Combine mesured and indicated resources.
Slide: 22

23. Sedimentary Rock Deposits in the World
Concentrate
Rock
Tonnes content after
Name of site Location content Status
(Mt) beneficiation
(% P2O5)
(% P2O5)
Kara Tau Kazakhstan 800 10.1 Unknown In operation
New Valley Egypt 715 25 31 In operation
Umm Wu’al Saudi Arabia 537 19 to 35 Unknown In operation
Al Jalamid Saudi Arabia 5341 20.4 32-33 In operation
Paradise -Legend Australia 3922 15.7 32.5 In development
Lee Creek United States 365 30.7 Unknown In operation
Arad-Rotem Israel 300 23 to 30 32 In operation
Zohar Israel 250 23 to 30 32 In operation
Zin Israel 150 23 to 30 32 In operation
Notes
1 Combined indicated and measured resources
2 Combined indicated and inferred resources
Slide: 23

24. Principal Office Contacts – Investors Relations
30 rue Racine Est, suite 160
Chicoutimi, QC G7H 1P5 Bernard Lapointe, Ph D, geo.
Canada CEO
bernard@arianne-inc.com
Telephone: (418) 549 7316
Facsimile: (418) 549 5750 Jim Cowley
President
Email: info@arianne-inc.com Telephone: (801) 599-3789
Website:www.arianne-inc.com jim@arianne-inc.com