Adriana Announces Approval of Amended ArcelorMittal Convertible Debenture

* Reuters is not responsible for the content in this press release.

Mon Aug 17, 2009 1:01pm EDT 

  VANCOUVER, BRITISH COLUMBIA, Aug 17 (MARKET WIRE) -- 
Adriana Resources Inc. ("Adriana" or the "Company") (TSX VENTURE: ADI)
announces that further to the Company's news release of June 1, 2009, the
TSX Venture Exchange has approved a one-year extension of the unsecured
convertible debenture held by ArcelorMittal in the principal amount of
$6,450,000. The unsecured convertible debenture is now due September 10,
2012.

    About ArcelorMittal

    ArcelorMittal is the world's leading steel company, with operations in
more than 60 countries.

    ArcelorMittal is the leader in all major global steel markets, including
automotive, construction, household appliances and packaging, with
leading R&D and technology, as well as sizeable captive supplies of raw
materials and outstanding distribution networks. With an industrial
presence in over 20 countries spanning four continents, the Company
covers all of the key steel markets, from emerging to mature.

    Through its core values of sustainability, quality and leadership,
ArcelorMittal commits to operating in a responsible way with respect to
the health, safety and wellbeing of its employees, contractors and the
communities in which it operates. It is also committed to the sustainable
management of the environment and of finite resources. ArcelorMittal
recognises that it has a significant responsibility to tackle the global
climate change challenge; it takes a leading role in the industry's
efforts to develop breakthrough steelmaking technologies and is actively
researching and developing steel-based technologies and solutions that
contribute to combat climate change.

    In 2008, ArcelorMittal had revenues of $124.9 billion and crude steel
production of 103.3 million tonnes, representing approximately 10 per
cent of world steel output.

    ArcelorMittal is listed on the stock exchanges of Paris (MT), Amsterdam
(MT), New York (MT), Brussels (MT), Luxembourg (MT) and on the Spanish
stock exchanges of Barcelona, Bilbao, Madrid and Valencia (MTS).

    For more information about ArcelorMittal visit: www.arcelormittal.com or
to obtain a copy of the Early Warning Report filed by ArcelorMittal
pursuant to applicable securities laws, please contact:


ArcelorMittal Corporate Communications

Giles Read (Head of Media Relations) +44 20 3214 2845
Arne Langner +352 4792 3120
Jean Lasar +352 4792 2359
Lynn Robbroeckx +352 4792 3193


    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 in Quebec, Canada.

    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
and permitting 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.

    Forward-looking statements are based on the expectations and opinions of
the Company's management on the date the statements are made. The
assumptions used in the preparation of such statements, although
considered reasonable at the time of preparation, may prove to be
imprecise and, as such, undue reliance should not be placed on
forward-looking statements. The Company expressly disclaims any intention
or obligation to update or revise any forward-looking statements whether
as a result of new information, future events or otherwise.


 
 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 of accuracy of this release.

Contacts:
Adriana Resources Inc.
Robert Ferguson
+1 (604) 629-0250 or Toll Free: +1 (877) 629-0150
(604) 629-0923 (FAX)
www.adrianaresources.com

Copyright 2009, Market Wire, All rights reserved.

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