Red Rabbit Update

19 April 2010
AIM / PLUS Markets: AAU

                               RED RABBIT UPDATE

Ariana  Resources  plc  ("Ariana"  or  "the  Company"), the gold exploration and
development  company focused  on Turkey  is pleased  to provide a further update
from  the project  partners on  the proposed  joint venture  ("JV") with Proccea
Construction Co. ("Proccea") on the Red Rabbit Project in western Turkey.

Dr. Kerim Sener, Managing Director, commented:

"On  the 18th February 2010 we announced that the  Company was in the process of
finalising  its JV agreement  with Proccea.  Various  legal and financial issues
have required more detailed review and this has taken up some additional time in
our  schedule.  We are currently in the  process of resolving the last remaining
items  with Proccea and  remain fully committed  to completing the JV agreement.
 While  this  has  slightly  delayed  the  initiation of our planned RC drilling
programme  and  the  commencement  of  the  feasibility and environmental impact
assessment,  we  are  working  hard  to  ensure  we have project start-up by the
beginning  of May.   I would  like to  thank our  shareholders for their ongoing
support  of the Company, and  I greatly look forward  to providing positive news
regarding the JV in the near future."

Mr. Deniz Aybars, Managing Director, Proccea, commented:

"The  past  few  months  have  been  busy  and very constructive.  While we have
encountered  certain unexpected delays, as Dr.  Sener has detailed above, we are
resolved  to  complete  the  JV  agreement  with Galata Madencilik.  We see this
partnership  as a  platform for  further growth  as a  Turkish-based gold mining
company   which,   unlike   many   companies  of  comparable  size,  includes  a
fully-fledged  and in-house metallurgical process  design, construction and mine
commissioning  capability.  This provides a  unique competitive advantage and we
hope to expand the scope of the JV company accordingly."


Contacts:

 Ariana Resources plc

 Michael Spriggs, Chairman            Tel: [phone]

 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]

 Peter Freeman / Frank Lucas



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
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.   The total resource inventory of the
Company stands at 401,000 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 <

http://www.arianaresources.com/>.

About Proccea

Proccea   Construction Co. (www.proccea.com) is  an integrated construction firm
specialising  in turn-key  solutions for  a variety  of business sectors ranging
from  the development of gold processing  plants to designing and building major
hotels. The mining service is provided by a business division of Proccea name CH
Engineering  & Consultancy ('CH'). CH provides a range of services to the mining
industry,  including  the  design  of  mining  equipment  and processing plants,
manufacturing  installation, commissioning, start-up and staff training for gold
and silver extraction in the mining industry (www.chconsultants.com).

CH  provides  the  installation  and  technical  services  for  such gold mining
processes  as  heap  leach,  CIL  and  CIP  design  and  operations. CH has wide
experience  of designing and commissioning gold and silver processing plants. In
Turkey  this has  included the  Kisladag gold  mine (Eldorado Gold), Copler gold
mine  (Anatolia Minerals), Mastra gold mine (Koza  Gold) and the Gümüsköy silver
mine   (Eti  Gümüs).  Internationally,  CH  processing  plant  commissions  have
included  the Zarcan gold mine in Iran, the Knelson gold mine in Kazakhstan, the
Amesmessa  gold mine in  Algeria, the Kitila  gold mine in  Finland,  the Minera
Triton  gold  mine in  Argentina and  the Maaden  gold mine  in Saudi Arabia. CH
has  the  technical  support  of  the  internationally  renowned  Summit  Valley
Equipment and Engineering firm based in Utah, U.S.A.


Ends


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