Issue of Equity

27 April 2010
AIM / PLUS Markets: AAU

                                ISSUE OF SHARES
                             CONVERSION OF WARRANTS

Pursuant to the authorities granted at the Annual General Meeting of the Company
held  on  29 June  2009, the  Board  of  Ariana  Resources plc ("Ariana" or "the
Company"), the gold exploration and development company focused on Turkey, today
announces the issue of 150,000 new Ordinary Shares of 1 pence each at a price of
2 pence  per share  and 128,940 Ordinary  Shares of  1 pence each  at a price of
3.49 pence  per  share  for  fees  due  to  certain consultants during the first
quarter of 2010 and last half of 2009 respectively ("the Share Issue").

The  Company also  announces the  issue of  31,967 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.  It is anticipated that Admission will
become  effective and dealings will commence on or around 4th May 2010.  The new
Ordinary  Shares  will  rank  pari  passu,  in  all  respects, with the existing
Ordinary  Shares that are currently  in issue and are  traded on AIM.  Following
admission  of these shares, there will be a total of 221,414,101 Ordinary Shares
in issue.


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]

 Peter Freeman / 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 <

http://www.arianaresources.com/>.

Ends




[HUG#1408845]