Adriana Reports Results at Lac Otelnuk-Drills 95.8m of 30.4% Fe
Thu Apr 3, 9:15 AMVANCOUVER, BRITISH COLUMBIA--(Marketwire - April 3, 2008) - Adriana Resources Inc. ("Adriana" or the "Company") - (TSX VENTURE: ADI.V)(WKN:A0F7EL) is pleased to announce assay results from the final 11 holes of its 27-hole 2007 diamond drilling program at its Lac Otelnuk Iron Project in the Labrador Trough, Quebec, Canada.
"Final results from the 2007 drilling program on the South Zone of the Lac Otelnuk Iron Deposit are very favourable, and as seen in the table below, continue to indicate a much thicker mineralized zone than identified during drilling in the 1970s. Drill hole No. LO-S-1024, with an intersection of 95.8 meters at a head grade of 30.4% Fe, clearly indicates that the mineralized zone is considerably thicker than indicated in the 1970s," commented Michael Beley, President of Adriana. "Drilling at the Lac Otelnuk Iron Deposit continues to confirm the opportunity to outline a potential resource. Iron ore prices continue to soar in the global commodity markets and Lac Otelnuk could become a long term strategic asset for the world steel mills as demand for iron continues to build. Of local interest, a Business Standard news service article on March 24, 2008 identified that Government-owned NMDC, India's single largest iron ore producer and exporter, announced they are in talks with Canada's New Millennium Capital Corp. for potential multi-billion dollar capital investment. New Millennium controls iron ore properties southeast of Lac Otelnuk and directly west and northwest of our recent acquisition of the Bedford Iron Prospect." The table presented below is a preliminary summary of the final 11 drill hole results, weight-averaged on the basis of a Davis Tube Weight Recovery cut-off grade of 20%.
Lac Otelnuk Project - 2007 Drill Summary:
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Len- Head DTC DTC
Drill Grid Stratigraphic From To gth Fe DTWR Fe SiO2
Hole Location Units m m m % % % %
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LO-S- L50S/1000E 2a, 2b, 2c, 3a, 3b 8.0 100.0 92.0 30.5 26.8 69.8 2.4
1017
LO-S- L70S/500E 2b, 2c, 3a 2.8 76.4 73.6 29.8 23.8 69.7 2.4
1018
LO-S- L90S/00 2c, 3a, 3b 19.0 78.0 59.0 26.9 26.4 69.4 2.1
1019
LO-S- L70S/1000E 2a, 2b, 2c, 3a, 3b 15.3 101.8 86.5 30.4 28.3 68.4 3.7
1020
LO-S- L90S/1000E 2a, 2b, 2c, 3a, 3b 25.0 101.5 76.5 30.6 28.7 67.5 4.4
1021
LO-S- L110S/00 2b, 2c, 3a, 3b, 3c 2.3 86.4 84.1 30.0 26.4 69.2 3.3
1022
LO-S- L90S/500E 2b, 2c, 3a, 3b 2.4 85.4 83.0 29.9 24.5 69.1 3.4
1023
LO-S- L110S/1000E 2a, 2b, 2c, 3a, 3b 11.7 107.5 95.8 30.4 29.2 66.8 5.7
1024
LO-S- L270S/500E 2a, 2b, 2c, 3a, 3b 3.0 80.9 77.9 30.4 31.6 67.3 4.7
1025
LO-S- L230S/500E 2a, 2b, 2c, 3a, 3b 1.1 71.8 70.7 30.4 30.2 66.6 4.7
1026
LO-S- L250S/500E 2a, 2b, 2c, 3a 1.3 67.0 65.7 30.7 29.0 67.5 4.5
1027
Previous Re-assayed Diamond Drill Hole
76- L130S/1000E 2a, 2b 18.3 61.6 43.3 29.7 33.7 64.2 5.8
130S-2
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New results from the final 11 holes continue to confirm continuity and increased thickness than previously identified in the 1970s. Results from the first 16 holes, previously announced on February 19, 2008, confirmed the presence of magnetite iron in the upper, middle and lower iron formation units, thereby significantly increasing the potential for a much larger deposit than previous drilling indicated. Please see attached for plan map, MAG/claim map and cross section or refer to Adriana's website: Location: http://www.adrianaresources.com/s/LacOtelnuk.asp Drilling completed in the 1970s (36 holes totalling 1,656 meters) was primarily limited to the upper iron formation unit (15 to 38 meters thick) of the North Zone of the deposit and mainly tested only one of three contiguous cherty-banded magnetite units. Drilling in 2007 was designed to test all three stratigraphic units of the South Zone of the deposit known to extend over a strike length of 9,000 meters. The drilling program is the first phase of a proposed 70 drill hole program, intended to define a National Instrument ("NI") 43-101 compliant mineral resource. Adriana is planning to resume diamond drilling in 2008 with the intent to complete the remaining 44 holes on the South Zone as recommended by Watts Griffis and McOuat Limited ("WGM"), a Toronto-based firm of independent consulting geologists and engineers, contracted by Adriana to act as technical consultants to the project. Future drilling will test the continuity of the deposit between the South Zone and North Zone as well as test other exploration targets on the property. Core samples were logged, photographed and split by Adriana's geological team, one half of the core was stored on site and the other half bagged, labeled, and shipped directly to SGS Minerals in Lakefield, Ontario for metallurgical and chemical analysis. The above Table "Lac Otelnuk Project - 2007 Drill Summary" summarizes the Head Grade, Davis Tube Weight Recovery and Concentrate Analysis of the 11 drill holes. A cross section is also attached. In addition to conducting optimum grinding tests prior to the start of routine metallurgical and chemical analysis, the assay program also included a Quality Assurance/Quality Control ("QA/QC") component that included the insertion of blanks and standards, duplicate samples, replicate assays, and replicate assaying of a portion of the samples at Midland Research Center in Nashwauk, Minnesota, the designated Secondary Lab. Results from the Secondary Lab are pending and are required to finalize the QA/QC program. Richard Risto, P.Geo., Senior Associate Geologist of WGM is the Qualified Person responsible for the QA/QC Program and has visited the site, collected independent core samples and reviewed all the QA/QC data received to date. Mr. Frank Condon, P.Eng., and Adriana Director, is the Qualified Person for the Lac Otelnuk Project, as defined in NI 43-101. Mr. Condon has reviewed the technical data disclosed in this press release. About Lac Otelnuk Iron Project The Lac Otelnuk Iron Project is located 165 kilometers northwest of Schefferville, Quebec, in the Labrador Trough and consists of 600 mineral claims covering approximately 28,920 hectares. The Lac Otelnuk deposit is a Lake Superior-type iron formation (taconite), which has been identified over a strike length of approximately 25 kilometers based on geological and geophysical mapping and exploration drilling in the 1970s. The deposit is nearly flat lying and dips gently to the northeast. Pilot plant test work done in 1977, at Lakefield Research, on a 21-ton bulk sample collected from the upper units of the North Zone of the deposit, indicated that the deposit is amenable to conventional magnetic separation technology, yielding a good concentrate of 68.5% iron with a silica content of 3.5%, suitable for pelletizing. WGM prepared the initial NI 43-101 technical report on the property and consequently is very familiar with the mineralization on the property. This report titled, "A Technical Review of the Lac Otelnuk Iron Property, Labrador Trough Northeastern Quebec for Adriana Resources Inc.", can be viewed at www.sedar.com (file date December 1, 2005). In the report, WGM quoted a historic resource of 623 million tonnes with 33.92% soluble iron and 25.08% magnetic iron within the North Zone and 1.145 billion tonnes of 33.06% soluble iron and 25.76% magnetic iron in the South Zone. The reader should be aware that these historic "mineral resource" estimates were prepared prior to the implementation of NI 43-101 and WGM has neither audited these estimates nor made any attempt to classify them according to NI 43-101 standards or the Council of the Canadian Institute of Mining, Metallurgy and Petroleum definitions ("CIM Standards"). They are presented because the Company and WGM consider them to be relevant and of historic significance. These estimates should not be relied upon and are provided as contextual information only. About Adriana Resources Inc. Adriana's goal is to become a fully integrated iron ore producer 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 and Bedford Iron Prospect in Quebec, Canada. 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.ContactsRobert Ferguson Adriana Resources Inc.
(604) 629-0250 or Toll Free: 1-877-629-0150
Ali Sinawi
Adriana Resources Inc.
(604) 629-0250 or Toll Free: 1-877-629-0150
Website: www.adrianaresources.com



