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Strategic Partners  
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Press Release: Aug 22, 2007: Adriana to Develop Port Development Site in Brazil for Iron Ore Export Read More September 24, 2007: Brazore Commences Environmental Study for Development of Iron Ore Port Facility in Brazil Read More October 19, 2007: Adriana Signs Proposal for Iron Ore Port Design and Procurement Read More January 10, 2008: Adriana Completes Purchase of Brazilian Port Land; Achieves First Permitting Milestone Read More February 14, 2008: Adriana Announces Brazilian Iron Ore Focus and Project Spin-Out Read More May 29, 2008: Adriana Reaches Milestone in Brazil Port Permitting Read More August 20, 2008: Adriana Partners with ArcelorMittal Read More Overview • In 2007, Brazore Ltda., an Adriana Resources subsidiary, purchased a strategic development site to construct an iron ore port facility • Permitting underway; received Terms of Reference for environmental requirements May 28, 2008 • Potential construction of port facility to commence in Q4 of 2008, which will take an expected 18-24 months to complete • Experienced senior management team with proven track record of success including the mining veteran team of more than 35 years: Michael Beley and Richard Barclay (co-founders) • Brazil team led by respected mining professionals Dr. Joe Griebel (CEO Brazore Ltda.) and Mike Petrina (VP Operations) • Will initially operate at a transshipment capacity of 5 to 10 million tonnes per year and ramp up to a potential 50 million tonnes per year through the development of the deep sea terminal Competitive Advantage • Port site located approximately 70 kilometres west of Rio de Janeiro in Sepetiba Bay on the coast of Brazil has direct access to the extensive railway and transportation network • Port will provide restricted iron producers access to global markets and minimize the iron ore bottleneck in Brazil; current Brazilian ports are running at maximum capacity • Strategic partners Worldlink Resources Ltd and Seabulk System Inc. bring extensive global shipping and port engineering experience to the team • Opportunity to develop strategic working relationships with significant number of independently owned iron ore mines, along with iron ore deposits and mines recently purchased by major mining companies, who have limited or no access to port facilities • Significant recent increase in iron ore prices and continued global demand for steel indicates increased need for a new Brazilian port facility that could provide robust annual cash flow for many years • Iron Quadrangle, located in Minas Gerais State in Brazil, provides access to some of the largest untapped iron resources in the world 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 second 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. "In 2006, we recognized an infrastructure opportunity in Brazil for an independent iron ore port facility to capitalize on the restricted market of the many small and medium size iron producers located in the State of Minas Gerais. Our goal was to secure a strategic land position on the coast of Brazil where we would have direct access to the extensive railway and transportation network that joins the vast mineral resources of Brazil. We have now secured the strategic land position and have established a key relationship with Seabulk Systems who will assist us in port development. This is a milestone for Adriana and a stepping stone to building a Brazilian iron ore producer and mineral transportation company," stated Michael J. Beley, President of Adriana. "We believe Adriana's iron ore port site acquisition is a strategic entry point into Brazil's rich iron ore industry. In turn WorldLink will be able to assist in delivering iron ore to our contacts throughout China, including some of the largest steel mills in the world," stated Jian Ming Jimmy Wen, Principal of WorldLink. "Surging demand for metals, specifically iron ore, in rapidly developing countries such as China and India has created some of the best infrastructure opportunities in recent years. We look forward to building a long-term relationship with Brazore," stated Sid Sridhar, President and CEO of Seabulk Systems Inc. 
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