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Adriana Announces Joint Venture Agreement With WISCO

Adriana Resources Inc. (ADI.V), which fell 15% and touched a day low of 76 cents on Monday, has entered into a Joint Venture Agreement with a wholly owned subsidiary of WISCO International Resources Development & Investment Limited to engage in the development and operation of the Company's Lac Otelnuk and December Lake iron ore properties in Nunavik, Quebec.

Allen J. Palmiere, President and CEO of Adriana said: "This is an extremely important milestone for Adriana and for the people of Quebec. With the financial support of our new partner, it enables us to accelerate the development of our Lac Otelnuk Project. The project, in conjunction with the Government of Quebec's Plan Nord, will provide a significant economic stimulus for the development of Northern Quebec."

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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