Result of AGM

21 June 2011
AIM / PLUS Markets: AAU


                                Result of AGM

Ariana  Resources  plc  ("Ariana"  or  "the  Company"), the gold exploration and
development  company focused on Turkey, confirms that all of the resolutions put
to  shareholders at  the Company's  Annual General  Meeting held today were duly
passed.   The Chairman, Michael Spriggs, made  the following comments at today's
meeting:

"Ariana  continues to create value for  its shareholders through key operational
and  corporate  successes  across  its  portfolio  of  highly  prospective  gold
properties  in  Turkey.   Central  to  our  strategy  is  the development of our
flagship  Red Rabbit Gold Project ("Red  Rabbit") which encompasses an area that
we believe has the potential to host one million ounces of gold equivalent.  Red
Rabbit  itself is  set to  become the  next producing  gold mine in Turkey, with
production  scheduled by Q4 2012.  In tandem  with the fast-track development of
Red  Rabbit, we remain  committed to acquiring  and advancing highly prospective
exploration  properties, which the board of Ariana understands have considerable
value accretion potential.  The final aspect of our three-tiered growth strategy
rests  in development through joint  venture ("JV"), and in  this regard, our JV
with  European Goldfields continues to have  scope to provide considerable value
uplift for Ariana.

"Our  rapid development  schedule for  Red Rabbit  continues at  pace.  2010 saw
several  key  objectives  achieved  including  a  25% increase in the total JORC
resource  at  the  Red  Rabbit  Project,  bringing Ariana's total JORC complaint
resource  inventory  up  to  448,000oz gold  equivalent.   This updated resource
estimate  facilitated a  revision of  our Scoping  Study, which was announced in
April 2010, and outlined the economic viability of bringing the Kiziltepe Sector
of  the Red Rabbit Project into production.  The Scoping Study demonstrated that
output   could   be  expected  at  a  rate  of  150,000 tonnes  ore  per  annum,
corresponding  to an  average production  of approximately  20,000oz per year of
gold  equivalent, over  a mine  life of  6.9 years at  an estimated cash cost of
US$441 to US$472.  With this in mind, even if we take a conservative approach to
long-term  gold prices, which currently continue to hover around all time highs,
Ariana  still  has  the  potential  to  generate  significant  revenues and high
margins.

"In  addition  to  the  known  resource  estimate  at  Kiziltepe,  its scope for
additional  JORC resources continues to increase,  as demonstrated by the recent
discovery of new vein systems within the target area.  Continuous high-grades of
up  to 10.7g/t gold  equivalent have  been identified  over the newly discovered
"Gamze"  Vein, with  initial indications  demonstrating a  mineralised structure
with  extents to the Fidan vein, giving  a combined strike length of 1.8km.  Not
only  does this provide Ariana the potential to increase its total JORC resource
in  the  area,  but  suggests  that  the  economics  of the planned operation at
Kiziltepe could be further improved.

"I  believe that a key factor affecting our long-term success at Red Rabbit will
be  our joint venture agreement with  Proccea Construction, a local construction
company  which has extensive experience in  the gold mining arena.  Through this
agreement,  whereby Proccea can earn into a  50% stake in the Red Rabbit Project
for  a commitment of US$8  million, we gain their  expertise in processing plant
design  and  construction  and  benefit  from  their  network of contacts in the
region.   With  Proccea  funding  the  development of the Definitive Feasibility
Study  ("DFS") and Environmental  Impact Assessment ("EIA"),  this also de-risks
development  of Kiziltepe for Ariana whilst  still providing us with exposure to
its near-term production potential.

"Ariana remains committed to increasing its footprint across Turkey, and in line
with  this, we recently  announced the acquisition  of four exploration licences
covering   two  highly  prospective  project  areas;  Kizilcukur  and  Muratdag.
 Importantly,  the acquisition of Kizilcukur, on which 2km of mineralised quartz
veins  containing  high-grade  gold  and  silver  have been identified, provides
Ariana with access to the entire gold mineralised trend within the Sindirgi Gold
Corridor,  contained within the  Red Rabbit project.   The synergies which exist
between  the two potential  target areas gives  further credence to the economic
viability  of the wider  Red Rabbit project,  and Ariana intends  to commence an
exploration  campaign on  Kizilcukur shortly  with a  view to delineating a JORC
compliant resource.

"Our  JV with European  Goldfields continues to  yield encouraging results, with
wide  high  grade  zones  of  mineralisation  being  identified  on the Salinbas
prospect  and extensions to  the Ardala porphyry  beneath cover.  These exciting
results  from European Goldfield's focus area  in north-eastern Turkey provide a
further  facet to Ariana's exploration portfolio,  and further confidence in the
mineral potential of this region.

"Ariana's  strategic investment in Tigris Resources ("Tigris"), which focuses on
gold and copper exploration in south-eastern Turkey, provides the Company's with
a further dimension to its portfolio.  Our investment, which comprises of a 15%
interest  in  Tigris,  gives  Ariana  important  exposure in an emerging mineral
province.   Tigris' exploration  focus is  on an  area roughly  the size  of the
United Kingdom which remains largely underexplored and has the potential to host
world-class  gold deposits.  Working  with the pioneering  Tigris team, who have
extensive  experience of operating in this  frontier region of Turkey, we remain
confident in Tigris' ability to identify and develop new mineralised systems and
thus  provide additional  value to  Ariana's growing  gold interests  across the
length and breadth of Turkey.

"In  summary, I  believe Ariana  remains extremely  well positioned  to continue
growing  and  adding  further  value  to  its  portfolio,  and I look forward to
updating  the market  frequently with  news of  our operational achievements.  I
would  also like to take  this opportunity to thank  our valued shareholders for
their  ongoing support for Ariana, in addition  to our board and management team
who remain dedicated to delivering on our key growth objectives."


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 Littleyt



 St Brides Media & Finance Ltd     Tel: [phone]

 Hugo de Salis / Susie Geliher




Editors' note:

Dr  Kerim  Sener,  BSc  (Hons),  MSc,  PhD,  is  the Managing Director of Ariana
Resources  plc.  A graduate of the University of Southampton in Geology, he also
holds  a  Master's  degree  from  the  Royal  School of Mines (Imperial College,
London)  in Mineral Exploration  and a doctorate  from the University of Western
Australia.  He is a Fellow of The Geological Society of London and has worked in
geological  research and mineral  consultancy in Southern  Africa and Australia.
 He   has  read  and  approved  the  technical  disclosure  in  this  regulatory
announcement.

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 15% of Tigris Resources Limited.

Fairfax  I.S. PLC. is 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
at www.arianaresources.com.

Ends








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Source: Ariana Resources plc via Thomson Reuters ONE

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