Tavsan Exclusivity Agreement

Ariana Resources PLC
28 June 2007


                   

28 June 2007
AIM: AAU
                              ARIANA RESOURCES plc

                EXCLUSIVITY AGREEMENT ON THE TAVSAN GOLD PROJECT


Ariana Resources plc ('Ariana' or 'the Company'), the gold exploration company
focused on Turkey, is pleased to announce that the Company has signed a Letter
of Intent with Odyssey Resources Limited, a TSX-V listed company, to acquire the
Tavsan Gold Project ('Tavsan' or 'the Project') in western Turkey. The Letter of
Intent provides Ariana with an exclusivity period of up to nine months to
complete its due diligence on the Project.


Highlights

   •Tavsan hosts a 43-101 compliant mineral resource of 131,300 oz Au and
    401,800 oz Ag (announced by Odyssey on 27th February 2007: see below).

   •Resource has potential to be upgraded and is potentially heap-leachable.

   •Project fits Ariana's strategy in western Turkey.


The addition of the Tavsan Project to the Ariana portfolio would complement the
existing strategy to build up a substantial resource base across western Turkey
and offers the potential to define a modest heap-leach gold mining opportunity.
The due diligence undertaken will look to define all technical, economic and
environmental issues that will influence the potential viability of the project.

Due to the complexity of the due diligence involved, Ariana has requested a
period of up to nine months for its exclusivity, for which Ariana will pay
Odyssey a fee. Following due diligence, Ariana will retain the right of first
refusal for a further six months on the purchase of the Project, subject to
certain earn-back and royalty interests on the property due to Teck Cominco
Arama ve Madencilik Sanayi Ticaret A.S., a subsidiary of Teck Cominco Limited.


Kerim Sener, Managing Director, commented:

'This agreement provides Ariana with further confidence that it can realise its
goal of defining multiple resource targets in the region surrounding its
flagship Sindirgi Gold Project. Odyssey Resources has recognised Ariana as a
company that can ensure maximum value is created at Tavsan.'

'The addition of Tavsan to our growing portfolio of advanced projects would add
a minimum of 130,000 oz Au to our existing 135,000 oz Au JORC resource base in
the region and we believe that the exploration upside at Tavsan provides scope
for additional resource growth.'

'It is our intention to identify and develop various opportunities in western
Turkey, whilst looking to partner our eastern Turkey assets. With our ongoing
programmes of exploration, notably at the Kiziltepe prospect, Ariana intends to
continue to develop our resource base, with the aim of becoming a significant
gold producer in the short to medium term.'

Contacts:

Ariana Resources plc
Michael Spriggs, Executive Chairman                  Tel: [phone]
Kerim Sener, Managing Director                       Tel: [phone]

Beaumont Cornish Limited                             
Roland Cornish                                       Tel: [phone]

Bankside Consultants
Michael Padley / Louis Davis                         Tel: [phone]



Editors' note:

Tavsan Project Resource Estimate

As derived from a news release made by Odyssey on 27th February 2007:

Resource Category     Tonnes       Au g/t      Ag g/t     Au oz         Ag oz
Total Indicated       767,000       1.79        3.7       44,200        92,400
Total Inferred      1,897,000       1.43        5.1       87,100       309,400


'The estimate was completed by Qualified Persons, Eugene Puritch, P.Eng, Tracy
Armstong, P.Geo and Antoine Yassa, P.Geo of P&E Mining Consultants Inc. ('P&E'),
a geological and mining consulting firm based in Brampton, Ontario. P&E
calculated the resource based upon a Whittle optimized pit economic model that
incorporated a gold price of US $517 per ounce, a mining cost of US $1.10 per
rock tonne mined, a processing cost based upon a 3,000 tonne per day operation
of US $10.00 per tonne, a general and administrative cost of US $1.75 per tonne,
a process recovery of 95 percent and a consequent cut-off grade of 0.70 grams
per tonne gold ('g/t Au').'

The mineral resources reported for the Tavsan Project conform to the Canadian
Institute of Mining, Metallurgy and Petroleum (CIM), CIM Standards on Mineral
Resources and Reserves, Definitions and Guidelines prepared by the CIM Standing
Committee on Reserve Definitions and adopted by CIM Council December 11, 2005.


About Ariana Resources

Ariana is a dynamic exploration company focused on the discovery and development
of epithermal gold-silver and porphyry copper-gold deposits with multi-million
ounce potential within the Tethyan metallogenic belt of Turkey. The Company has
a portfolio of prospective licences covering 1,820km2, selected on the basis of
its advanced in-house remote sensing database.

The Company's flagship asset is the 235km2 Sindirgi Gold Project, which targets
a series of prospects, within a prolific mineralised district in western Turkey.
The project hosts over 45km of gold-silver bearing epithermal quartz veins.


Ambrian Partners Limited and King & Shaxson Capital 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
at www.arianaresources.com.


Ends




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