Ariana Resources plc : Issue of Equity, Grant o...

5 December 2011
AIM / PLUS Markets: AAU

                                ISSUE OF EQUITY

                               GRANT OF WARRANTS

                              TOTAL VOTING RIGHTS

The  Board  of  Ariana  Resources  plc  ("Ariana"  or  "the  Company"), the gold
exploration  and development company focused on  Turkey, today announces that it
has  received requests for the exercise 1,052,630 warrants which were granted as
a  one for one with placing shares announced on 18 February 2011, exercisable at
4.75p each within twelve months of the date of admission ("the Exercise").

Application  will be made for the  1,052,630 new ordinary shares issued pursuant
to  the Exercise, which will rank pari passu, with all existing ordinary shares,
to  be admitted to  trading on AIM.   Admission is expected  to take place on or
around 8 December 2011 ("Admission").

At  Admission, the Company's  issued share capital  will consist of 259,356,543
Ordinary  Shares with a nominal value  of 1p each, with voting rights ("Ordinary
Shares").  The Company does not hold any Ordinary Shares in Treasury.  Therefore
the  total number of Ordinary  Shares in the Company  with voting rights will be
259,356,543.

The  above figure of 259,356,543 Ordinary Shares  may be used by shareholders in
the Company as the denominator for the calculations by which they will determine
if  they are required to notify their interest in, or a change to their interest
in,  the share  capital of  the Company  under the Financial Service Authority's
Disclosure and Transparency Rules.

Contacts:

 Ariana Resources plc              Tel: [phone]

 Michael Spriggs, Chairman

 Kerim Sener, Managing Director



 Beaumont Cornish Limited          Tel: [phone]

 Roland Cornish / Felicity Geidt



 Fairfax I.S. PLC                  Tel: [phone]

 Ewan Leggat/Laura Littley



 St Brides Media & Finance Ltd     Tel: [phone]

 Hugo de Salis / Susie Geliher

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  European  Goldfields  Limited  in  north-eastern  Turkey.
 European  Goldfields owns  51% of this  joint venture  and, as the operator, is
fully  funding all  exploration work  on the  JV properties  until delivery of a
feasibility study.

The  Company's flagship assets  are its Sindirgi  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 of the Company stands at 448,000 ounces of gold equivalent.

Ariana   also   has   a   strategic   investment  in  Tigris  Resources  Limited
(www.tigrisresources.com),  a private Jersey-based exploration company, which is
focused  on the exploration of copper  and gold deposits in southeastern Turkey.
 Ariana retains approximately 13% of Tigris Resources Limited.

Fairfax  I.S. PLC is the  broker 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
atwww.arianaresources.com.

Ends








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Source: Ariana Resources plc via Thomson Reuters ONE

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