Conversion of Warrants

15 July 2010
AIM / PLUS Markets: AAU

                             CONVERSION OF WARRANTS

Ariana  Resources  plc  ("Ariana"  or  "the  Company"), the gold exploration and
development  company focused on Turkey, announces  the issue, today, of 245,431
new  Ordinary Shares of  1p per share ("Ordinary  Shares") at a  price of 3p per
Ordinary  Share as  a result  of the  exercise of  warrants issued following the
Special Resolution passed at the Annual General Meeting ("AGM") on the 29th June
2009.

Application  will be  made to  the London  Stock Exchange  for the  new Ordinary
Shares  to be admitted to trading on  AIM ("Admission").  It is anticipated that
Admission  will become effective and dealings will commence on or around 22 July
2010.  The  new Ordinary Shares will rank pari  passu, in all respects, with the
existing  Ordinary  Shares  and  following  Admission,  there will be a total of
221,979,532 Ordinary Shares in issue.

The  warrants converted as  provided in this  announcement represent the last of
the  3p warrants that were  exercised prior to  expiry on the 25 June 2010.  For
the  avoidance of  doubt, the  remaining balance  of 27,225,549 warrants  can no
longer be exercised

Contacts:

 Ariana Resources plc                     Tel: [phone]

 Michael Spriggs, Chairman

 Kerim Sener, Managing Director



 Beaumont Cornish Limited                 Tel: [phone]

 Roland Cornish



 Alexander David Securities Limited       Tel: [phone]

 Nick Bealer / David Scott



 Loeb Aron & Company Ltd                  Tel: [phone]

 Jonathan Willis-Richards / Frank Lucas


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
exploring  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.

The  Company's flagship assets are its  Sindirgi and Tavsan gold projects.  Both
projects  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.   The total resource inventory of the
Company stands at 401,000 ounces of gold equivalent.

Loeb  Aron  &  Company  Ltd.  and  Alexander  David Securities Limited 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
atwww.arianaresources.com.

Ends






[HUG#1432082]








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Source: Ariana Resources plc via Thomson Reuters ONE