Red Rabbit Drilling Results: Kiziltepe

2 August 2010
AIM / PLUS Markets: AAU

                     RED RABBIT DRILLING RESULTS: KIZILTEPE

Ariana  Resources  plc  ("Ariana"  or  "the  Company"), the gold exploration and
development  company focused on Turkey, is  pleased to announce the results from
the twenty-six most recent Reverse Circulation (RC) drill holes completed on the
Banu  and Derya  veins at  the Kiziltepe  gold deposit.   The results  are to be
integrated  within our new  mineral resource estimate,  which is currently being
prepared as part of our feasibility study on Kiziltepe.

Highlights

  * Gold-equivalent  intersections of  12.28 g/t over  2m, 4.59 g/t over 14m and
    3.31 g/t over 11m.


  * Peak gold-equivalent grade of 23.12 g/t over 1m.


  * Significant mineralisation intersected on all holes drilled.


  * Exploratory  drilling  in  area  under  cover  between  Arzu South and Derya
    intersects buried vein system.



Dr. Kerim Sener, Managing Director, commented:

"These  results underpin the integrity of the resource at the Kiziltepe deposit.
 Apart  from intersecting  mineralised quartz  vein in  every hole  - a flawless
'hit-rate'  - the gold and silver  grades encountered are robust and demonstrate
economic  potential.  It is also important to  note that while many of the holes
were  drilled to increase  drill-data density, several  purely exploratory holes
drilled  on  Derya  also  yielded  significant  mineralised  and wide true-width
intercepts."

"This  is especially  important given  these holes  were collared  in an area of
little  or no vein  outcrop and were  drilled on geophysical  targets.  Based on
these  results,  we  are  now  confident  that  a vein system is fully developed
between  the  Derya  and  Arzu  South  veins,  which  could  add another 580m of
mineralised  strike  to  the  deposit.   The  improvement  of grade in this area
indicates  that there is now scope to  increase the size of the resource through
further  drilling of  these vein  extensions.  This  discovery represents a very
positive  start to our Joint Venture with Proccea Construction Co. and justifies
further drilling in this area this season."

Details of Programme

A  field team from the Company's Turkish operating subsidiary, Galata Madencilik
San.  ve Tic. Ltd. Sti., supervised the  completion of twenty-six RC drill holes
(114.3  mm diameter) on  the Banu and  Derya veins.  The  holes reported in this
release  totalled  1,853m of  drilling.   The  holes  were  drilled to depths of
between  48m and 96m metres  from surface  and angled  at 55-60 degrees  along a
250m section  of vein strike-length along  Banu (Figure 1), and 400m along Derya
(Figure  2).  Quartz veins, mineralised  "halos" around the  veins and stockwork
were  located  in  all  twenty-six  holes  drilled  in this programme.  Selected
intersections are given in Table 1 below.

The Banu and Derya veins have strike lengths of 750 and 650m respectively.  Both
have  consistent,  potentially  economic  grades  extending  from the surface to
depth.   Similar to  the vein  systems developed  at Arzu  North and South, both
veins  appear to have a mineralised "halo"  of lower grade material developed in
places.   This low grade "halo" consists of moderately altered volcanic rocks of
dacitic   composition   containing   minor  stockworks.   The  "halo"  style  of
mineralisation  is being modelled  in the revised  resource estimate and has the
potential  to  add  to  the  mineable  tonnage  and  to  decrease  the effective
strip-ratio of the modelled open pits.

Table 1: Selected RC drill hole intersection data from the Banu and Derya veins:

+-------+-----+-------+--------+------+----+---------+-----+-------+-----------+
|       |     |       |        | From | To |Apparent |Gold |Silver |   Au+Ag   |
| Hole  |Vein |Easting|Northing| (m)  |(m) |Width (m)| (Au |  (Ag  |Equivalent |
|       |     |       |        |      |    |         |g/t) | g/t)  |   (g/t)   |
+-------+-----+-------+--------+------+----+---------+-----+-------+-----------+
|RC01-10|Derya|606882 |4349385 |36    |37  |1        |3.05 |48.10  |   3.92    |
+-------+-----+-------+--------+------+----+---------+-----+-------+-----------+
|RC02-10|Derya|606930 |4349376 |48    |52  |4        |3.45 |136.10 |   5.92    |
+-------+-----+-------+--------+------+----+---------+-----+-------+-----------+
|RC03-10|Derya|606967 |4349363 |39    |53  |14       |3.06 |84.34  |   4.59    |
+-------+-----+-------+--------+------+----+---------+-----+-------+-----------+
|       |     |       |        |0     |2   |2        |4.16 |9.70   |   4.34    |
|       |     |       |        +------+----+---------+-----+-------+-----------+
|RC04-10|Derya|607004 |4349345 |6     |7   |1        |2.78 |37.10  |   3.45    |
|       |     |       |        +------+----+---------+-----+-------+-----------+
|       |     |       |        |39    |41  |2        |2.10 |16.65  |   2.41    |
+-------+-----+-------+--------+------+----+---------+-----+-------+-----------+
|RC05-10|Derya|607034 |4349349 |12    |20  |8        |2.29 |13.20  |   2.53    |
+-------+-----+-------+--------+------+----+---------+-----+-------+-----------+
|       |     |       |        |0     |2   |2        |2.43 |16.65  |   2.73    |
|RC06-10|Derya|607050 |4349333 +------+----+---------+-----+-------+-----------+
|       |     |       |        |31    |35  |4        |2.63 |64.30  |   3.79    |
+-------+-----+-------+--------+------+----+---------+-----+-------+-----------+
|       |     |       |        |15    |17  |2        |4.08 |22.60  |   4.49    |
|RC07-10|Derya|607083 |4349318 +------+----+---------+-----+-------+-----------+
|       |     |       |        |31    |39  |8        |3.24 |63.71  |   4.40    |
+-------+-----+-------+--------+------+----+---------+-----+-------+-----------+
|RC08-10|Derya|607097 |43439315|44    |46  |2        |3.64 |85.80  |   5.20    |
+-------+-----+-------+--------+------+----+---------+-----+-------+-----------+
|       |     |       |        |61    |64  |3        |2.71 |85.27  |   4.26    |
|RC09-10|Derya|607119 |4349313 +------+----+---------+-----+-------+-----------+
|       |     |       |        |67    |72  |5        |5.66 |69.48  |   6.93    |
+-------+-----+-------+--------+------+----+---------+-----+-------+-----------+
|RC10-10|Derya|607142 |4349290 |64    |73  |9        |2.12 |77.82  |   3.53    |
+-------+-----+-------+--------+------+----+---------+-----+-------+-----------+
|RC11-10|Derya|607175 |4349278 |82    |87  |5        |2.07 |43.08  |   2.85    |
+-------+-----+-------+--------+------+----+---------+-----+-------+-----------+
|RC12-10|Derya|607205 |4349266 |68    |70  |2        |8.23 |223.20 |   12.28   |
+-------+-----+-------+--------+------+----+---------+-----+-------+-----------+
|RC13-10|Derya|607237 |4349307 |14    |15  |1        |2.75 |3.50   |   2.81    |
+-------+-----+-------+--------+------+----+---------+-----+-------+-----------+
|       |     |       |        |25    |27  |2        |3.02 |11.05  |   3.22    |
|RC14-10|Derya|607228 |4349243 +------+----+---------+-----+-------+-----------+
|       |     |       |        |47    |58  |11       |2.46 |47.07  |   3.31    |
+-------+-----+-------+--------+------+----+---------+-----+-------+-----------+
|RC15-10|Banu |607252 |4348337 |58    |69  |11       |2.41 |56.49  |   3.44    |
+-------+-----+-------+--------+------+----+---------+-----+-------+-----------+
|RC16-10|Banu |607261 |4348316 |58    |62  |4        |2.96 |60.73  |   4.06    |
+-------+-----+-------+--------+------+----+---------+-----+-------+-----------+
|RC17-10|Banu |607274 |4348284 |78    |80  |2        |1.84 |135.25 |   4.30    |
+-------+-----+-------+--------+------+----+---------+-----+-------+-----------+
|RC18-10|Banu |607291 |4348254 |61    |66  |5        |1.18 |68.26  |   2.42    |
+-------+-----+-------+--------+------+----+---------+-----+-------+-----------+
|RC19-10|Banu |607295 |4348234 |55    |58  |3        |1.95 |79.23  |   3.39    |
+-------+-----+-------+--------+------+----+---------+-----+-------+-----------+
|RC20-10|Banu |607307 |4348211 |41    |46  |5        |2.15 |67.40  |   3.38    |
+-------+-----+-------+--------+------+----+---------+-----+-------+-----------+
|RC21-10|Banu |607315 |4348196 |45    |50  |5        |2.40 |96.32  |   4.15    |
+-------+-----+-------+--------+------+----+---------+-----+-------+-----------+
|RC22-10|Banu |607332 |4348171 |44    |48  |4        |2.12 |67.78  |   3.35    |
+-------+-----+-------+--------+------+----+---------+-----+-------+-----------+
|RC23-10|Banu |607346 |4348165 |58    |62  |4        |1.42 |53.18  |   2.39    |
+-------+-----+-------+--------+------+----+---------+-----+-------+-----------+
|RC24-10|Banu |607373 |4348142 |55    |57  |2        |2.69 |56.55  |   3.72    |
+-------+-----+-------+--------+------+----+---------+-----+-------+-----------+
|RC25-10|Banu |607319 |4348079 |67    |68  |1        |1.81 |33.10  |   2.41    |
+-------+-----+-------+--------+------+----+---------+-----+-------+-----------+
|RC26-10|Banu |607321 |4348076 |76    |78  |2        |1.83 |56.10  |   2.85    |
+-------+-----+-------+--------+------+----+---------+-----+-------+-----------+
|Notes:                                                                        |
|No top cut has been applied to assay results.                                 |
|Intersections  based on geologic  cut offs and  not on grade alone; additional|
|sampling  is to be undertaken in several areas which demonstrate potential for|
|more continuous grade.                                                        |
|Weighted averages have been calculated for gold/silver grades.                |
|True  width to apparent width ratio varies with  the dip of the vein and drill|
|orientation, averaging 65% for Derya and 35% for Banu.                        |
|Au  + Au equiv. g/t is the sum of the gold grade and the gold equivalent grade|
|of silver based on a gold/silver price ratio of approximately 1:55.           |
+------------------------------------------------------------------------------+

Sampling and Assaying Procedures

Ariana  considers that  the RC  drilling method  is applicable  to this style of
mineralisation due to physical differences between mineralised and unmineralised
material  and the  high recoveries  achieved through  fractured ground.   It has
previously  been determined that there is no  particular bias between the RC and
diamond  drilling results on  the veins at  Kiziltepe, and that  the RC drilling
data will contribute to a revised mineral resource estimate.

587 RC  chip samples from  the drilling programme  on the Banu,  Derya and Aybor
Veins  were sent for assay.  Of these, 356 samples have returned gold equivalent
grades  of less than 0.5 g/t Au (61% of the total), 78 samples between 0.5-1 g/t
Au (13% of total), 137 between 1-5 g/t Au (23% of total) and 16 samples above 5
g/t  Au (3% of total), with the peak grades at 16.3 g/t Au and 375 g/t Ag (23.12
g/t  Au  equivalent),  as  well  as  18.1 g/t  Au  and  100 g/t Ag (19.92 g/t Au
equivalent).

All samples from the drilling programme undertaken by Ariana Resources plc. have
been  prepared by the  ALS Chemex preparation  facility in Izmir  and assayed by
30g fire  assay at the ALS Chemex laboratory in Romania.  Routine re-assaying of
all  samples  assaying  greater  than  10 g/t  Au  and  100 g/t Ag has also been
completed  by ALS Chemex.  Standard, blank  and duplicate samples are being used
in  the sample  batches, which  is in  line with  the Company's  quality control
procedures.   Laboratory sample  preparation, assaying  procedures and  chain of
custody  are  appropriately  controlled.   The  Company  maintains an archive of
reference RC chip samples, in addition to all sample pulps and splits.


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 and now  form part of a Joint Venture with
Proccea  Construction Co.  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#1435182]





Figure 1: 


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Figure 2: 


http://hugin.info/138153/R/1435182/380595.jpg




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