Resource increases by 25% at Kiziltepe

28 October 2010
AIM / PLUS Markets: AAU


                     RESOURCE INCREASES BY 25% AT KIZILTEPE

Ariana  Resources  plc  ("Ariana"  or  "the  Company"), the gold exploration and
development  company focused on Turkey, is pleased to announce the completion of
its  revised  independent  JORC  mineral  resource  estimate*  for its Kiziltepe
deposit in Balikesir Province, western Turkey.

Highlights:

  * Wardrop,  A Tetra Tech Company ("Wardrop") estimates a global JORC compliant
    mineral resource of 232,900 oz gold equivalent** in all categories at a cut-
    off grade of 1 g/t Au


  * Total   Measured   and  Indicated  resource  increased  to  206,500 oz  gold
    equivalent**


  * Measured resources fall completely within preliminary pit shapes established
    for a gold price of US$800 per oz and a silver price of US$14 per oz


  * High  grade zones continue below modelled  pit-bottom at Arzu South and Arzu
    North, and new areas for potential resource growth have been identified


  * Total  resource inventory of the  Company stands at approximately 448,000 oz
    gold equivalent (up from 401,000 oz gold equivalent)



Dr. Kerim Sener, Managing Director, commented:

"The  revised JORC-compliant mineral resource estimate  for Kiziltepe is in line
with  expectations and  brings us  toward our  targeted global  resource base of
250,000 oz  gold equivalent.  As the new  estimate represents the foundations of
our  continuing work  programmes, it  was important  to ensure that the estimate
incorporated   economic   parameters  derived  from  our  scoping  study.   Most
importantly,  the  increase  to  the  Measured  and  Indicated components of the
estimate  provides enhanced confidence in the  scale of the potentially mineable
resource at Kiziltepe.

Our  last round of drilling was focused on the Banu and Derya veins with the aim
of  converting existing Inferred  resources to at  least the Indicated category.
 This  work resulted in a near  1:1 conversion between the two categories, which
is  an  excellent  result.   In  addition  to  this,  the  drilling database for
Kiziltepe was completely reconstituted and the geological models for Arzu North,
Banu  and Derya were  totally revised in  line with new geological understanding
gained  during trial mining.  The geological modelling and addition of low grade
altered  wallrocks in  to the  resource estimate  has also proven worthwhile, as
this material has the potential to further increase the open pit economics."


*  All resource figures contained in this  announcement are reported as both net
and  gross with respect to  the Red Rabbit Joint  Venture and Ariana remains the
operator of this project.

** Gold equivalents are based on the following equation:
{(Ag g/t*Ag Recovery*Ag Price*0.032)/Au oz Price}/Au Recovery


Details of Resource Estimate

The  Company  has  completed  over  16,340m of  diamond  and reverse circulation
drilling  and 960m of  channel sampling  at surface.   The Company has ensured a
high  quality of sample  preparation and laboratory  results, resulting in grade
and density data which can support a JORC compliant resource estimate (Table 1).

Four  main mineralised  structures that  have been  drilled and  channel sampled
sufficiently  enough to support Mineral Resources  in the Indicated and Measured
categories  have been  incorporated in  the three-dimensional  geological model,
namely, Arzu South, Arzu North, Derya and Banu (Figure 1).  Additional modelling
was  undertaken  on  several  subsidiary  veins on which preliminary exploration
drilling  has been  completed.  This  modelling included  the Derya West, Aybor,
Arzu Far North and Ceylan veins.

The  resource was estimated  by Ordinary Kriging  (OK), with an Inverse Distance
Squared  (ID2)  estimation  used  to  validate  the OK results.  The deposit was
estimated  for Au and Ag inside of the geologically controlled mineralised zone,
consisting  of  low-sulphidation  epithermal  quartz  vein  system,  and a wider
stockwork alteration halo.  An economically defined lower cut-off grade of 1 g/t
Au  was used  to define  the final  resource estimate.   Different top cuts were
established for individual veins and varied from 17 g/t Au to 5 g/t Au.

Resource  classification was  controlled by  variographic search parameters with
resources contained within a preliminary optimised pit shape falling into to the
'Measured'   category.   Resources  outside  of  the  optimised  pit-shell  were
categorised as either 'Indicated' or 'Inferred' based on the search pass used in
the  estimation process.  Material within the estimation showing low sample data
density  was also included into the 'Inferred' category, specifically extensions
along  strike at Banu and Derya.   Density was estimated using Nearest Neighbour
(NN) methods and where absent, a default value of the average for the estimation
was used.

The  Whittle pit optimisation was undertaken using a conservative price for gold
and  silver, at US$800/oz and US$14/oz respectively.  Recoveries of 88% and 78%
for gold and silver have been established via test work and were included in the
optimisation  calculations.  The current 5-10 year consensus price forecasts for
gold and silver are higher than those used in the pit optimisation work, but the
Company considers that the price levels used provide some mitigation against any
downside risk.












Figure  1: Preliminary  pit  shape  (in  purple)  and mineralisation block model
coloured  according to gold grade,  shows the results of  the estimation above a
1g/t Au cut-off-grade.

Table  1: Summary JORC Mineral Resource Estimate  for the Kiziltepe deposit at a
1 g/t Au cut-off grade.  Gold equivalents are the sum of the gold ounces and the
gold  equivalent ounces of  silver based on  the following equation: {(Ag g/t*Ag
Recovery*Ag Price*0.032)/Au oz Price}/Au Recovery.

+----------+-----------+-----------+-----------+-------+---------+-------------+
|          |           |Grade Au   |Grade Ag   |       |         |Au equiv.    |
|VEIN      |Tonnage (t)|(g/t)      |(g/t)      |Au (oz)|Ag (oz)  |(oz)         |
+----------+-----------+-----------+-----------+-------+---------+-------------+
|Measured  |    782,942|        4.1|       51.4|103,319|1,294,836|      123,311|
+----------+-----------+-----------+-----------+-------+---------+-------------+
|Indicated1|    619,029|        2.3|       44.8| 46,496|  891,368|       60,258|
+----------+-----------+-----------+-----------+-------+---------+-------------+
|Inferred2 |    164,998|        1.8|       40.9|  9,752|  217,005|       13,101|
+----------+-----------+-----------+-----------+-------+---------+-------------+
|Inferred3 |    116,000|        1.5|       51.3|  5,505|  191,446|        8,457|
+----------+-----------+-----------+-----------+-------+---------+-------------+

+----------+-----------+-----------+-----------+-------+---------+-------------+
|          |           |Grade Au   |Grade Ag   |       |         |Au equiv.    |
|HALO      |Tonnage (t)|(g/t)      |(g/t)      |Au (oz)|Ag (oz)  |(oz)         |
+----------+-----------+-----------+-----------+-------+---------+-------------+
|Indicated |    352,819|        1.6|       25.8| 18,430|  293,007|       22,954|
+----------+-----------+-----------+-----------+-------+---------+-------------+
|Inferred  |     76,059|        1.4|       33.7|  3,544|   82,341|        4,816|
+----------+-----------+-----------+-----------+-------+---------+-------------+

+----------+-----------+-----------+-----------+-------+---------+-------------+
|TOTAL M&I |  1,754,789|        3.0|       43.9|168,245|2,479,211|      206,523|
+----------+-----------+-----------+-----------+-------+---------+-------------+

+----------+-----------+-----------+-----------+-------+---------+-------------+
|GLOBAL    |  2,111,847|        2.8|       43.7|187,046|2,970,002|      232,903|
+----------+-----------+-----------+-----------+-------+---------+-------------+

NOTES:
1 Includes  mineralisation  classified  as  Indicated  at  the  satellite  Kepez
prospect.
2 Includes  mineralisation  classified  as  Inferred  from  the Arzu South, Arzu
North, Banu and Derya veins.
3 Includes mineralisation classified as Inferred from the subsidiary Derya West,
Aybor, Arzu Far North and Ceylan veins.
*Some  of the Halo  (alteration) material will  be necessarily mined  and may be
processed  at the end  of the mine  life but Wardrop  considers more studies are
required to determine the nature of the mineralisation.

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]

 Peter Freeman / Frank Lucas


Editors' note:

The information in this document that relates to Mineral Resources is based on a
resource  estimate  compiled  or  supervised  by  Mr  Paul  Gribble, a full time
employee  and  Senior  Geologist  of  Wardrop  Engineering  Inc.  Mr Gribble has
sufficient  experience which is relevant to the style of mineralisation and type
of  deposit under consideration and  to the activity which  he is undertaking to
qualify   as   a  Competent  Person  as  defined  in  the  2004 Edition  of  the
"Australasian  Code for Reporting of Exploration Results, Mineral Resources, and
Ore  Reserves" (JORC Code).  Mr Gribble consents  to the inclusion in the report
of  the matters  based on  his information  in the  form and context in which it
appears.

Dr  Kerim  Sener,  BSc  (Hons),  MSc,  PhD,  is  the Managing Director of Ariana
Resources  plc.  A graduate of the University of Southampton in Geology, he also
holds  a  Master's  degree  from  the  Royal  School of Mines (Imperial College,
London)  in Mineral Exploration  and a doctorate  from the University of Western
Australia.  He is a Fellow of The Geological Society of London and has worked in
geological  research and mineral  consultancy in Southern  Africa and Australia.
 He   has  read  and  approved  the  technical  disclosure  in  this  regulatory
announcement.

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 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.

Glossary of Technical Terms

"Au" the chemical symbol for gold;

"cut-off  grade"  The  lowest  grade,  or  quality, of mineralised material that
qualifies  as economically  mineable and  available in  a given  deposit. May be
defined  on  the  basis  of  economic  evaluation,  or  on  physical or chemical
attributes that define an acceptable product specification;

"g/t" grammes per tonne;

"low-sulphidation"  a  style  of  gold  mineralisation  which is typically found
distal  to volcanic centres and is characterised by adularia-sericite alteration
and quartz veins;

"Indicated  resource" a part of a mineral resource for which tonnage, densities,
shape, physical characteristics, grade and mineral content can be estimated with
a  reasonable  level  of  confidence.  It  is based on exploration, sampling and
testing  information gathered through appropriate techniques from locations such
as  outcrops, trenches,  pits, workings  and drill  holes. The locations are too
widely  or inappropriately spaced to  confirm geological and/or grade continuity
but are spaced closely enough for continuity to be assumed;

"Inferred  resource" a part of  a mineral resource for  which tonnage, grade and
mineral  content can be estimated with a low level of confidence. It is inferred
from  geological evidence and  has assumed, but  not verified, geological and/or
grade  continuity.  It  is  based  on  information  gathered through appropriate
techniques  from locations such as outcrops,  trenches, pits, workings and drill
holes that may be limited or of uncertain quality and reliability;

"Inverse  Distance Squared" a conventional mathematical method used to calculate
mineral  resources.  Near sample points provide a greater weighting than samples
further away for any given resource block;

"JORC" the Joint Ore Reserves Committee;

"m"Metres;

"Measured  resource" a part of a  Mineral Resource for which tonnage, densities,
shape, physical characteristics, grade and mineral content can be estimated with
a  high level of confidence.  It is  based on detailed and reliable exploration,
sampling  and testing  information gathered  through appropriate techniques from
locations  such  as  outcrops,  trenches,  pits,  workings and drill holes.  The
locations  are spaced closely enough to confirm geological and grade continuity;


"Nearest  Neighbour" a methodology used to derive the value of an attribute from
surrounding sample data on the basis of point-to-point proximity;

"Ordinary Kriging" is a geostatistical approach to resource estimation.  Instead
of  weighting nearby data  points by some  power of their  inverted distance, OK
relies  on  the  spatial  correlation  structure  of  the  data to determine the
weighting values.  This is a more rigorous approach to modelling, as correlation
between data points determines the estimated value at an unsampled point;

"oz" Ounces;

"porphyry"  an igneous  rock with  larger crystals  contained within a matrix of
much smaller crystals;

"stockwork"  a  mineral  deposit  in  the  form  of a branching network of small
irregular veins;

"top cut" the maximum gold content for samples used to calculate an average gold
content for a resource;

"variographic"  the use of semi-variograms (a mathematical technique) as part of
the geostatistical methodology used to derive resource estimates;

"Whittle"  computer software that uses the  Lerch-Grossman algorithm, which is a
3-D  algorithm that can be applied to the optimisation of open-pit mine designs.
 The  purpose of  optimisation is  to produce  the most  cost effective and most
profitable open-pit design from a resource block model.

Ends





[HUG#1456253]








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