| ||October 13, 2009|
Adriana Provides Update on Permitting Process for Brazilian Deep Sea Terminal Port Facility
| ||Adriana Resources Inc. ("Adriana" or the "Company") - (TSX-V: ADI) is pleased to announce a progress update on its iron ore port facility development project (the "Port") located in Sepetiba Bay, approximately 70 kilometers west of Rio de Janeiro in the State of Rio de Janeiro, Brazil. The Company has submitted a new permit application for a deep sea terminal port. The Company believes that constructing the deep sea terminal port will minimize environmental risks due to the underground/water tunnel and conveyor proposed in the application. The development will result in a deep sea terminal port with a capacity of 45 million tonnes per year. |
Allen J. Palmiere, President and CEO of the Company stated, "We believe a deep sea terminal port will minimize environmental issues, and advance the Port project more rapidly creating employment opportunities and facilitating access to independent mining companies. Although the permiting process can be lengthy, we believe that the new application will satisfy the requirements to obtain the permit. Adriana continues to develop strategic working relationships with parties to maximize the potential of the deep sea terminal port."
Additionally, since the appointment of Allen J. Palmiere as President & CEO on June 15, 2009, the Corporate head office has moved to 20 Toronto Street, 12th Floor, Toronto, ON, M5C 2B8, Canada. Allen J. Palmiere stated, " Since my appointment, I have restructured and downsized. I wish to acknowldedge the Vancouver team that has played a key role in the advancement of our projects and would like to thank them for all the help received during the transition and wish them all the best in their future endeavours."
For more information, contact Linear Capital Corp. Lenny Foreht (email@example.com) or John Lewis (firstname.lastname@example.org), (416) 364-2266 / toll free (877) 954-6327, or Robert Ferguson at + 1 (604) 629-0250 / toll free +1 (877) 629-0150, or Connie Dos Santos (email@example.com) at (416) 363-1308 or visit the Company's website at www.adrianaresources.com.
ON BEHALF OF ADRIANA RESOURCES INC.
"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 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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