| ||March 24, 2011|
Adriana Announces Dr. Liu Xin Quan as a New Director
| ||March 24, 2011 - Adriana Resources Inc. ("Adriana" or the "Company") - (TSX-V:ADI) is pleased to announce that Dr. Liu Xin Quan, the candidate nominated by WISCO International Resources Development & Investment Limited pursuant to the recently closed Private Placement, has been appointed as a director of the Company effective March 23, 2011. |
Dr. Liu Xin Quan, President Assistant & General Counsel of Wuhan Iron & Steel (Group) Corporation and its subsidiaries (the "WISCO Group"), has been working for the WISCO Group for 36 years. Dr. Liu's expertise includes enterprise management, legal affairs, foreign investment, mergers and acquisitions, intellectual property protection, and corporate risk prevention. In addition, he is an arbitrator of the China International Economics and Trade Arbitration Commission, team leader of legal affairs for the China Iron & Steel Association, President of Enterprise Legal Advisors of Hubei Province, and Member of The People's Government Advisory Committee.
Dr. Liu graduated from Wuhan University (Bachelor of Laws), Zhongnan University of Economics and Law (Master of Economics) and Huazhong University of Science and Technology (Doctor of Management).
"I am thrilled that Dr. Liu has accepted the appointment as a director of Adriana. Dr. Liu's extensive experience will be an asset to our Board and to the future of the Company" said Mr. Allen J. Palmiere, President and Chief Executive Officer of the Company.
Adriana will continue to focus on advancing our Lac Otelnuk Property located in the Labrador Trough, Nunavik, Québec and to maximize the potential of the deep sea port located in Brazil.
ON BEHALF OF ADRIANA RESOURCES INC.
Allen J. Palmiere
President and CEO
For more information, please contact Connie Dos Santos 416-363-2200, via email at (firstname.lastname@example.org) or visit the Company's website at www.adrianaresources.com.
Certain information regarding the Company, including the Company's plans to advance the Lac Otelnuk Property and to maximize the potential of the deep sea port, may constitute forward-looking statements under applicable securities laws and necessarily involve known and unknown risks and uncertainties. Certain important risk factors could cause the Company's actual results to differ materially from those expressed or implied by such forward-looking statements including, without limitation, changes in the world wide price of mineral commodities and currency fluctuations, general market conditions, the uncertainty of future profitability and access to sufficient capital, risks inherent in mineral exploration, development, construction and mining operations, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, environmental risks, access to labour and services and competition from other companies. As a consequence, actual results may differ materially from those anticipated in the forward-looking statements and caution should be exercised on placing undue reliance on forward looking information.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.
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