Quarterly Newsletter

20 August 2015
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

• Red Rabbit Gold Project forestry permits received: Initiation of Kiziltepe mine construction phase at Red Rabbit is imminent following the issue of forestry permits - US$33 million construction finance facility already secured with Turkiye Finans Katilim Bankasi A.S. - on track to deliver first gold pour in H2 2016.

• Continued exploration in vicinity of Kiziltepe highlighted exceptional prospectivity: Whilst awaiting forestry approval exploration (particularly at Kepez West and Karakavak prospects) is continuing to identify new zones reinforcing view that resource upgrades are possible.

• Kiziltepe granted Strategic Investment status: Provides enhanced investment incentives and demonstrates continued support for the mine's development by the Turkish Government. Kiziltepe financial models to be revised to include latest incentives following 50% corporation tax reduction.

• Support from new strategic investor: Investment opportunity of Ariana highlighted by two Metal Tiger plc subscriptions totalling £250,000 during the period.

Dr. Kerim Sener, Managing Director, commented:

"This has been a transformational quarter for Ariana.  Following the receipt of forestry permits, fully financed mine construction at Kiziltepe is now imminent and we are on track for our first gold pour in H2 2016.  Exploration in the wider Kiziltepe area has also been highly encouraging and has increased our confidence of a resource increase and extension to the mine life and gold output from Kiziltepe.  We are delighted with the continued support we have received in bringing the Red Rabbit Gold Project to production evidenced by Kiziltepe's strategic investment status and Metal Tiger's financial support and look forward to the quarter ahead as we continue to deliver the utmost value to our shareholders."

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]
Jon Bellis
Loeb Aron & Company Ltd.	Tel: [phone]
John Beresford-Peirse
St Brides Partners Ltd	Tel: [phone]
Lottie Brocklehurst / Felicity Winkles

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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