Adriana Resources Inc announces that it has increased its previously announced non-brokered structured private placement of flow-through common shares from approximately CAD 4 million to approximately CAD 5 million.

The Company closed the first tranche of the Offering on December 31st 2009 by issuing 1,350,000 flow through common shares at USD 0.89 per share for gross proceeds of approximately CAD 1,201,000. The Company expects to close the second tranche of the Offering by issuing approximately 4,270,000 flow through common shares at $0.89 per share-towards the end of the first week of February subject to TSX Venture Exchange and other customary regulatory approvals. A finder's fee is payable to Wellington West Capital Markets Inc. All securities issued under the Offering will be subject to a four-month hold period.

In connection with the Offering, the Company also announces that an existing shareholder of the Company who holds over 10% of the Company's outstanding common shares will be selling a total of 4,270,000 common shares to an arm's length third party. The Shareholder will subsequently be purchasing 4,270,000 common shares issued in connection with the Offering.

Adriana is currently focused on the advancement of its Lac Otelnuk world-class iron ore deposit located in the Labrador Trough, Nunavik Quebec. Proceeds from the Offering will be used by the Company to fund exploration expenditures to increase and upgrade mineral resources on its Lac Otelnuk project.

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