Adriana Resources Inc announced that it has closed the second tranche of a non brokered structured private placement by issuing 4,270,000 flow through common shares at USD 0.89 per share for gross proceeds of USD 3.8 million. All securities issued under the Second Closing will be subject to a four month hold period expiring on June 6th 2010.

The company has raised aggregate gross proceeds from both tranches of the private placement of approximately USD 5 million. Finder's fees totaling USD 250,090 are payable by the company to certain third parties in respect of both tranches of the private placement.

In 2007 and 2008, the company completed a drilling program on a rectangular area of 9.0 kilometers long by 2.5 kilometers wide of the South Zone of the Otelnuk Property. The zone is open along strike to the northwest and southeast and down dip to the northeast where it dips gently under overlying cap rock. The program was designed to test the entire stratigraphy of the drilled zone.