Investment in Tigris Resources

24 November 2010
AIM / PLUS Markets: AAU

                         INVESTMENT IN TIGRIS RESOURCES

Ariana  Resources  plc  ("Ariana"  or  "the  Company"), the gold exploration and
development  company  focused  on  Turkey,  is  pleased  to announce a strategic
investment  in Tigris Resources Limited ("Tigris"), a private company focused on
gold and copper exploration in south-eastern Turkey.

Dr. Kerim Sener, Managing Director, commented:

"We have long held the view that south-eastern Turkey is the next great frontier
for gold and copper exploration in Turkey.  Effective exploration in this region
requires  a unique and dedicated management capability and a focused exploration
mind-set,  which the Tigris team delivers in spades.  With this investment in to
Tigris,  Ariana is leveraging on these skills, knowing that they will be applied
wisely  to a region that hosts significant potential for the discovery of world-
class  deposits.  We are  excited to be  involved in the  development of Tigris,
which we are confident will become a leading explorer in this frontier region of
Turkey."

Mr. Drew Craig, Managing Director, Tigris Resources Limited, commented:

"The  south-east region of Turkey is highly prospective for gold and copper, and
with  several national and international initiatives in the area, we see growing
momentum on the emergence, investment and development of the region.  The Tigris
focus  area, comparable in  size to the  United Kingdom, constitutes  one of the
final  jigsaw pieces of the Tethyan Metallogenic Belt.  To date, this region has
been  largely underexplored and, given the pedigree of surrounding resources, is
capable  of hosting world-class  mineral deposits.  Tigris  is delighted to have
Ariana  as a strategic investor and  looks forward to pioneering new discoveries
in south-east Turkey."

Details of the Investment

Ariana  has participated  in a  private placing  for shares  in Tigris Resources
Limited for 2.7 million shares at a total cost of CAD 115,000 thus giving Ariana
15% of  the total shares issued following the completion of the current round of
funding  which has successfully raised  CAD 530,000.  This private placement was
substantially oversubscribed.

Under  this arrangement, Ariana is entitled  to appoint a non-executive director
to  the board of Tigris.  Dr. Kerim Sener  has been nominated to serve as a non-
executive director of Tigris by Ariana.  Ariana may nominate a director in place
of  Dr. Sener, subject always to Tigris's articles of association and as long as
Ariana  holds a minimum of 7.5 per cent.  of the issued share capital of Tigris.
 Separately,  following  the  placement,  5.56% of  Tigris  is  held  through an
investment made by the wife of Dr. Sener.

The funds raised by Tigris will be used for the acquisition of licences under an
anticipated  round of tenders  that are expected  to be released  by the Turkish
authorities  during the first quarter  of 2011.  The funds will  also be used to
support further greenfields target generation, ground reconnaissance and licence
acquisition.  Tigris also intends to consider further investment and partnership
opportunities  following  the  approach  of  several  Turkish organisations with
business and mining interests in southeast Turkey.

The  recently revised Mining  Law in Turkey  is widely expected  to have a major
impact  on how companies explore and develop licences.  Having anticipated these
changes,  Tigris is well placed  to capitalise on the  improving dynamics of the
southeast region.

The focus area of Tigris will be the Bitlis Suture Zone and flanking structures,
which  are highly  prospective for  a range  of mineral deposit styles including
porphyry   Cu-Au  systems,  epithermal  to  Carlin-style  deposits,  skarns  and
volcanogenic massive sulphides.

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 Tigris Resources

Tigris  is an exploration and development company focused on the search for gold
and  copper  deposits  in  the  highly  prospective Tethyan Metallogenic Belt in
southeast Turkey.

Tigris's   'Comprehensive  Development  Strategy'  is  designed  to  enable  the
exploitation  of a range of opportunities with  the aim of developing a focussed
ground  acquisition  programme.   Running  concurrently,  the  components of the
strategy  integrate Tigris's  ability to  acquire ground  via tender, greenfield
target generation and joint venture partnerships.

Tigris's  board and management team have  a proven record in building companies,
discovering,   acquiring  and  developing  resource  in  emerging  environments,
especially along the Tethyan Metallogenic Belt.

For  further  information  on  Tigris  Resources  you  are  invited to visit the
Tigris's website at www.tigrisresources.com.

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
448,000 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#1464958]








This announcement is distributed by Thomson Reuters on behalf of 
Thomson Reuters clients. The owner of this announcement warrants that: 
(i) the releases contained herein are protected by copyright and 
    other applicable laws; and 
(ii) they are solely responsible for the content, accuracy and 
     originality of the information contained therein. 
    
Source: Ariana Resources plc via Thomson Reuters ONE