Quarterly Newsletter

3 February 2015
AIM: AAU

QUARTERLY NEWSLETTER

Ariana Resources plc ("Ariana" or "the Company"), the gold exploration and development company focused on Turkey, is pleased to announce the release of the Company's Quarterly Newsletter for shareholders detailing the recent progress across its portfolio of gold pre-production, development and exploration interests.

Highlights

• Encouraging Developments in Turkish Mining Sector: planned revisions in the Turkish Mining Law and new greenfield exploration ground to be opened up in licence auctions.  

• De-risked development: advancing two high quality gold assets with an attributable resource of +1 million ounces of gold in joint venture and fully funded by partners.

• Exploration potential: intention to double the current resources at Red Rabbit Gold Project through new discoveries to further enhance robust economic fundamentals and identify future standalone mines.

Dr. Kerim Sener, Managing Director, commented:

"As long-standing advocates of the Turkish mining sector, recent developments in the Mining Law and new licence auctions have further underpinned Ariana's confidence that Turkey remains an outstanding investment destination for resource development globally.  2015 looks set to be a pivotal year for Ariana as we begin to translate the years of hard work put into exploration into tangible value for shareholders as we begin to move towards commercial production at Red Rabbit.

"As always, this near term production potential will be complemented by development of our exploration portfolio as we advance a pipeline of future feeder resources for Red Rabbit, and +1 million ounce standalone projects.  I look forward to continue to report on our progress throughout the course of 2015."

To view a copy of the Quarterly Newsletter, please click on the following link to the Company's website: http://www.arianaresources.com/investors/quarterly-updates/.  

Contacts:

Editors' note:

About Ariana Resources:

Ariana is an exploration and development company focused on epithermal gold-silver and porphyry copper-gold deposits in Turkey.  The Company is developing a portfolio of prospective licences selected on the basis of its in-house geological and remote-sensing database, on its own in western Turkey and in Joint Venture with Eldorado Gold Corporation in north-eastern Turkey.  Eldorado owns 51% of this joint venture and are fully funding all exploration work on the JV properties, while Ariana owns 49%.  The total resource inventory within this JV is 1.09 million ounces of gold.

The Company's flagship assets are its Kiziltepe and Tavsan gold projects which form the Red Rabbit Gold Project.  Both contain a series of prospects, within two prolific mineralised districts in the Western Anatolian Volcanic and Extensional (WAVE) Province in western Turkey.  This Province hosts the largest operating gold mines in Turkey and remains highly prospective for new porphyry and epithermal deposits.  These core projects, which are separated by a distance of 75km, are presently being assessed as to their economic merits and now form part of a Joint Venture with Proccea Construction Co.  The total resource inventory at the Red Rabbit Project stands at 475,000 ounces of gold equivalent. 

Beaufort Securities Limited and Loeb Aron & Company Ltd. are joint brokers to the Company and Beaumont Cornish Limited is the Company's Nominated Adviser.

For further information on Ariana you are invited to visit the Company's website at www.arianaresources.com.

Ends