Mr. Raphael Gaudreault reports

ARIANNE PHOSPHATE SELECTED TO BENEFIT FROM THE QUEBEC GOVERNMENT'S SPECIALIZED FILON SUPPORT SERVICE

Arianne Phosphate Inc.'s Lac a Paul phosphate project is one of the first projects selected to benefit from the Filon service. The Filon support service was established by Quebec's Ministere des Ressources naturelles et des Forets.

This initiative aims to strengthen government co-ordination and support the advancement of strategic mining projects within the provincial authorization process. Filon's objective is to facilitate exchanges between mining proponents and the ministries and agencies responsible for issuing authorizations and permits in accordance with the Quebec Strategy for the Development of Critical and Strategic Minerals 2025-2031.

This support also forms part of the efforts of the governments of Quebec and Canada to improve the efficiency, clarity and predictability of the regulatory processes applicable to major projects. In this regard, the two governments recently announced a proposed agreement based on the principle of "one project, one assessment, one decision," which aims to reduce overlaps in environmental assessments while maintaining rigorous environmental protection standards. Together, these initiatives demonstrate a growing willingness to support the responsible development of projects related to critical minerals.

"We are honoured that the Lac a Paul project is among the first projects selected to benefit from the specialized support offered by Filon," said Marco Gagnon, executive chairman of Arianne Phosphate. "This recognition confirms the strategic nature of our project for Quebec and its ability to address the growing global security of supply issues regarding phosphate. Lac a Paul is a world-class asset, located in a stable and responsible jurisdiction, and will support the western value chains linked to both agriculture and LFP batteries. We believe that better-co-ordinated support will help advance the project more efficiently while maintaining the rigour and transparency of the authorization process. We would like to thank the government of Quebec for its commitment to supporting projects that can generate lasting economic benefits for the Saguenay-Lac-Saint-Jean region and for Quebec as a whole."

From the Minister of Natural Resources and Forests, Kateri Champagne Jourdain: "The personalized Filon support is an additional lever to propel mining projects for the benefit of Quebec's development and its regions. The Lac a Paul project will foster job creation in the Saguenay-Lac-Saint-Jean region and strengthen Quebec's contribution to phosphate supply chains. We are proud to support companies such as Arianne Phosphate, through Filon, to accelerate mining projects and stand out on the world stage."

Fully audited and supported by a feasibility study, the Lac a Paul project is one of the largest undeveloped phosphate deposits in the world. Located in the Saguenay-Lac-Saint-Jean region, it aims to produce a high-purity apatite concentrate for the fertilizer markets and purified phosphoric acid, notably used in lithium-iron-phosphate batteries. These markets are complementary: They rely on the same high-quality resource and make it possible to maximize the value of the project while meeting distinct and strategic needs.

Western dependence on the supply of phosphate is concentrated in regions of the world that have been geopolitically challenging. The development of a Canadian source of high-purity phosphate represents a strategic benefit, and the Lac a Paul project will help reduce this dependence while strengthening the resilience of North American supply chains while supporting both food security and the energy transition.

About Arianne Phosphate Inc.

Arianne Phosphate is developing the Lac a Paul phosphate deposits located approximately 200 kilometres north of the Saguenay-Lac-Saint-Jean area of Quebec, Canada. These deposits will produce a high-quality igneous apatite concentrate grading 39 per cent P2O5 with little or no contaminants (feasibility study released in 2013).

Qualified person

Raphael Gaudreault, eng, qualified person by Regulation 43-101, has approved the technical information in this release. Mr. Gaudreault is also the company's chief operating officer.

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