VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--Sep 11, 2008 -- Adriana Resources Inc. ("Adriana" or the "Company") (CDNX:ADI.V - News) announces the closing of an unsecured convertible debenture in the amount of $10,000,000 (the "Debenture"). The Debenture has a three-year term and bears interest at 7% per annum. The principal amount of the Debenture is convertible into common shares of the Company at a conversion price of $0.90 per share if exercised in the first two years of the Debenture and at a price of $0.99 per share if exercised in the third and final year of the Debenture. Interest on the Debenture is convertible at the market price of the Company's shares on any such conversion date.

The common shares issuable upon conversion of the Debenture will be reserved for listing on the TSX Venture Exchange and will be subject to a statutory hold period expiring on January 11, 2009.

In connection with the private placement, a finder's fee was paid in the amount of $125,000 or 5% of certain Debentures placed under the financing. Proceeds from the issue and sale of the Debenture will be utilized for the Company's ongoing commitments in Brazil and Canada.

About Adriana Resources Inc.

Adriana's goal is to become a fully integrated iron ore producer through strategic partnerships, acquisitions and development projects. The continued development of its iron ore port facility in Brazil will be a significant milestone in advancing that goal. Adriana is committed to the acquisition of iron ore assets in South East Brazil that are strategically located and able to access the Port. The Company is continuing development of its Lac Otelnuk, December Lake and Bedford iron properties in Quebec and Labrador & Newfoundland, respectively. Adriana's management and technical team continue to review other opportunities to further enhance the Company's position as "The New Player in Iron Ore".

ON BEHALF OF ADRIANA RESOURCES INC.

Michael J. Beley, President

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 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.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

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