Completion of Exploration Properties Acquisition

20 July 2011
AIM / PLUS Markets: AAU


                COMPLETION OF EXPLORATION PROPERTIES ACQUISITION

Ariana  Resources  plc  ("Ariana"  or  "the  Company"), the gold exploration and
development  company focused on  Turkey, is pleased  to announce that further to
its  announcement of 3 June  2011 ("the 3 June Announcement"),  it has completed
the  acquisition of four prospective exploration licences in western Turkey from
AIM-listed Turkish explorer, KEFI Minerals plc ("KEFI").

In  accordance with the terms of the sale and purchase agreement detailed in the
3 June  2011 announcement,  Ariana's  wholly  owned  Turkish  subsidiary  Galata
Madencilik San. ve Tic. Ltd. ("Galata") has now made a payment of 10,000 Turkish
Lira,  inclusive of VAT,  to KEFI's Turkish  subsidiary Dogu Akdeniz Mineralleri
San.  ve Tic. Ltd.  ("Dogu") in consideration  for the transfer  of the licences
from  Dogu to Galata.  Ariana has also issued 910,747 new ordinary shares in the
Company  ("the Consideration  Shares") at  a deemed  price of 5.49p per share to
KEFI  in consideration for  the acquisition of  certain mineral exploration data
and drill core samples relating to the four exploration licences to Ariana.

The  net smelter return  royalty of 2% payable  by Galata to  Dogu on commercial
production of any mineral from the licences has also now been granted.

Application   has  been  made  today  to  the  London  Stock  Exchange  for  the
Consideration  Shares  to  be  admitted  to  trading on AIM ("Admission"). It is
expected  that Admission  will occur,  and dealings  in the Consideration Shares
will  commence  on  or  around  25 July  2011. KEFI  has agreed not to trade the
Consideration Shares for a period of 12 months from the date of Admission.

The Consideration Shares will, when issued, rank pari passu in all respects with
the  existing issued ordinary  shares of Ariana,  including the right to receive
any dividends and other distributions declared following Admission.

The  Consideration Shares will  represent 0.36% of the  enlarged issued ordinary
share  capital, which will then  comprise 251,875,755 ordinary shares of 1 pence
each.


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 Littley



 St Brides Media & Finance Ltd     Tel: [phone]

 Hugo de Salis / Susie Geliher




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 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 are 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








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Source: Ariana Resources plc via Thomson Reuters ONE

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