Quarterly Newsletter

10 July 2014
AIM: AAU

QUARTERLY NEWSLETTER

Ariana Resources plc ("Ariana" or "the Company"), the gold exploration and development company focused on Turkey, is pleased to announce the release of the Company's Quarterly Newsletter for shareholders detailing the recent progress across its portfolio of gold pre-production, development and exploration interests.

Highlights:

• Highly attractive investment incentives granted by Turkish Government for the Kiziltepe Gold-Silver Mine ('Kiziltepe') within the Red Rabbit Project

• Translating into a US$1.2 million corporation tax saving, US$1 million social insurance contribution and VAT & Customs exemptions

• 20 year mining licence extension and mining permit granted for Kiziltepe and progress regarding mine financing
• Exploration on wider Kiziltepe project area continues with the target of doubling the current mineable resource
• Metallurgical testwork and resource modelling advancing at 1.09Moz Ardala/Salinbas Gold JV Project - Eldorado Gold managing and financing work

Dr. Kerim Sener, Managing Director, commented:

"The milestones that we have achieved over the past quarter have been tremendous.  In addition to having secured a 20-year extension to our primary mining licence and permit we have also been granted several investment incentives by the Turkish Government.  As soon as we have cleared the last of the permits required for construction to commence, we will continue our transition into a cash generative exploration, development and production company.  By working closely with the relevant authorities and local communities, together with our JV partner, Proccea Construction, we are continuing to make substantial strides towards unlocking the inherent value of the Red Rabbit Gold-Silver Project.

"With this in mind, I look forward to providing shareholders with further updates over the coming months, in addition to news flow regarding our exciting exploration and development interests in western and north-eastern Turkey."

To view a copy of the Quarterly Newsletter, please click on the following link to the Company's website: http://www.arianaresources.com/investors/quarterly-updates/.

Contacts:

Ariana Resources plc	Tel: [phone]
Michael de Villiers, Chairman
Kerim Sener, Managing Director
Beaumont Cornish Limited	Tel: [phone]
Roland Cornish / Felicity Geidt
Beaufort Securities Limited	Tel: [phone]
Saif Janjua
Loeb Aron & Company Ltd.	Tel: [phone]
John Beresford-Peirse / Dr. Frank Lucas
St Brides Media & Finance Ltd	Tel: [phone]
Susie Geliher / Lottie Brocklehurst

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 Eldorado Gold Corporation in north-eastern Turkey.  Eldorado owns 51% of this joint venture and are fully funding all exploration work on the JV properties, while Ariana owns 49%.  The total resource inventory within this JV is 1.09 million ounces of gold.

The Company's flagship assets are its Kiziltepe 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 at the Red Rabbit Project stands at 475,000 ounces of gold equivalent. 

Beaufort Securities Limited and Loeb Aron & Company Ltd. 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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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Ariana Resources plc via Globenewswire

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