Adriana Resources Inc. announced a progress update on its iron ore port facility development project (the 'Port') located in Sepetiba Bay, approximately 70 kilometers west of Rio de Janeiro in the State of Rio de Janeiro, Brazil. The Company has submitted a new permit application for a deep sea terminal port. The Company believes that constructing the deep sea terminal port will minimize environmental risks due to the underground/water tunnel and conveyor proposed in the application. The development will result in a deep sea terminal port with a capacity of 45 million tonnes per year.

Adriana Resources Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended July 31, 2009. For the quarter, the company reported loss from operations of CAD 1,719,614, net loss of CAD 1,514,934, or CAD 0.02 per basic and diluted share compared to loss from operations of CAD 1,055,604, net loss of CAD 816,906, or CAD 0.01 per basic and diluted share for the same period last year. The company reported cash used in operating activities of CAD 1,413,999, acquisition of property and equipment of CAD 344,220 compared to cash used in operating activities of CAD 1,130,790, acquisition of property and equipment of CAD 2,352,726 for the same period last year. For the nine months, the company reported loss from operations of CAD 4,459,526, net loss of CAD 4,161,238, or CAD 0.06 per basic and diluted share compared to loss from operations of CAD 2,909,207, net loss of CAD 2,206,629, or CAD 0.03 per basic and diluted share for the same period last year. The company reported cash used in operating activities of CAD 4,251,761, acquisition of property and equipment of CAD 2,174,467compared to cash used in operating activities of CAD 4,316,265, acquisition of property and equipment of CAD 21,808,581 for the same period last year.

Adriana Resources has entered into two Memorandum of Understandings (MoUs) with a major Chinese steel company to cooperate on the potential development of certain iron-ore projects. Further, both the companies would also investigate the potential acquisition of iron-ore projects in Brazil. If any projects were acquired in Brazil, the parties could potentially cooperate in developing Adriana’s proposed deep-water port, in Brazil.