🕐29.10.13 - 10:27 Uhr

ARIANA RESOURCES - JORC RESOURCE INCREASE AT RED RABBIT GOLD PROJECT PROVIDES SI
GNIFICANT POTENTIAL TO MATERIALLY INCREASE MINE LIFE



[cid:image004.jpg@01CED488.3A601820] 29 October 2013 AIM: AAU JORC RESOURCE INCREASED TO 475,000oz: POTENTIAL MINE-LIFE INCREASE Ariana Resources plc ("Ariana" or "the Company"), is pleased to announce a JORC Resource Estimate for the Kizilcukur and Ivrindi projects which are 100% held by the Company outside of the Red Rabbit Joint Venture in Western Turkey. Highlights:
* 27,600 oz Au equivalent JORC Inferred added to the resource base from two satellite prospects, Kizilcukur and Ivrindi, located in the vicinity of the Red Rabbit Gold Project.
* Total resource base in western Turkey increased to approximately 475,000 oz Au equiv.

gross (currently 395,000 oz Au equiv.

net to Ariana) in addition to 1.09Moz gross (534,000 oz Au net to Ariana) located within the Companys JV with Eldorado Gold in north-eastern Turkey.
* Both satellite prospects are located in 10-year operational licences and forestry permits were recently granted for drilling at Kizilcukur.
* Focus of future drilling programmes will be on open-pittable resources capable of being trucked to the planned Kiziltepe plant site.
* Resource drilling plan at Kizilcukur to be executed during mine construction at Kiziltepe.
* Trial mining of 550 tonnes at Ivrindi was concluded in September 2013, in accordance with Turkish mining regulations. Dr.

Kerim Sener, Managing Director, commented: "These additions to our resource base are a significant development for Ariana.

Collectively they represent the potential for an additional two years of full-capacity operational life for the planned Kiziltepe plant, which would extend the mine life to a total of 10 years. "As a first priority we will be planning for further drilling at the Kizilcukur property to elevate those resources to the Indicated and Measured categories.

Following this, we will aim to complete scoping studies to determine the economics of these resources being trucked to the Kiziltepe plant site.

The Company also retains the option to sell these resources in to the Red Rabbit JV for three times the exploration cost. "Our total resource base in western Turkey now stands at approximately 475,000 oz Au equivalent gross (currently 395,000 oz Au equivalent net to Ariana) in addition to 1.09Moz Au gross (534,000 oz Au net to Ariana) located within the Companys JV with Eldorado Gold in north-eastern Turkey."
Resource Estimate The Resource Estimate was based on initial drilling programmes undertaken in 2007 and 2008 at both locations and comprised recent re-logging of old drill core and Reverse Circulation ("RC") chips retained by the Company, and the establishment of appropriate geological models in both cases.

The data from these earlier drilling programmes is continuing to be re-assessed in line with planning for future drilling at both localities.

This process of re-assessment has resulted in the calculation of the resources identified here. Kizilcukur Project The Kizilcukur Project is located 65km from the planned Kiziltepe operation by predominantly graded road and forestry tracks.

Consequently any potentially open-pittable resources identified at Kizilcukur are likely to be within trucking distance to the plant site at Kiziltepe.

A cut-off of 1 g/t Au is considered necessary to account for mining and trucking costs.

At Kizilcukur, mineralisation is located primarily within two NW-trending quartz veins.

The Mineral Resource has been defined by 17 holes on 12 cross-sections with section spacing ranging from 10-80m.

Wireframes were constructed using sectional polylines defined by a cut-off of 0.25 g/t Au, a minimum horizontal width of 2m and with no internal dilution below 0.2 g/t Au.

In one case this criteria was relaxed to a minimum horizontal width of 1m to maintain geological continuity.

Five separate lodes were created from the sectional interpretation, which are oriented at 315 degrees (NW) and dip steeply at 85 degrees towards the southwest.

A top-cut of 15 g/t Au was applied and a bulk density of 2.6 g/cm3 was assumed for the whole resource.

Grade interpolation was by the Inverse Distance Squared ("ID2") method. Ivrindi Project The Ivrindi Project is located 105km from the planned Kiziltepe operation by asphalt road including lengthy sections of dual carriageway.

Consequently any potentially open-pittable resources identified at Ivrindi are likely to be within trucking distance to the plant site at Kiziltepe.

A cut-off of 1 g/t Au is considered necessary to account for mining and trucking costs.

At Ivrindi, mineralisation occurs at the Kinik prospect, which shows a zone of mineralised alteration of volcanic rocks with strike length of 450m, including a poorly mineralised gap of 170m.

Mineralisation extends from surface to 70m vertical depth.

The Mineral Resource has been defined by 14 holes on 9 cross-sections, with section spacing ranging from 35-90m.

Wireframes were constructed using sectional polylines defined by a cut-off of 0.5 g/t Au.

The resource comprises five discrete wireframes, which are east-west oriented and steeply north-dipping.

A density of 2.5 g/cm3 was assumed for the whole resource.

Grade interpolation was by the ID2 method. Table 1: Inferred JORC resources at Kizilcukur and Ivrindi reported at a 1 g/t Au cut-off.

The Au equivalent (oz) is calculated as the sum of the gold (oz) and the gold equivalent (oz) of silver based on a gold:silver price ratio of 60:1, as at 11 October 2013. Prospect Classification Tonnage (t) Grade Au (g/t) Grade Ag (g/t) Au (oz) Ag (oz) Au equiv.

(oz) Kizilcukur INFERRED 162,000 2.39 48.5 12,500 250,000 16,600 Ivrindi INFERRED 207,000 1.65 n/a 11,000 n/a 11,000 TOTAL
369,000 1.98 48.5 23,500 250,000 27,600
Contacts: Ariana Resources plc Tel: +44 (0) 20 7407 3616 Michael de Villiers, Chairman
Kerim Sener, Managing Director
Beaumont Cornish Limited Tel: +44 (0) 20 7628 3396 Roland Cornish / Felicity Geidt
Beaufort Securities Limited Tel: +44 (0) 20 7382 8387 Chris Rourke / Guy Wheatley
Loeb Aron & Company Ltd. Tel: +44 (0) 20 7628 1128 John Beresford-Peirse / Dr.

Frank Lucas
St Brides Media & Finance Ltd Tel: +44 (0) 20 7236 1177 Susie Geliher / Lottie Brocklehurst
Editors note: The information in this report that relates to Mineral Resources is based on information compiled by Mr.

Alfred Gillman of Odessa Resources Pty.

Ltd., who is a fellow of the Australasian Institute of Mining and Metallurgy.

Mr.

Gillman is a consultant to Ariana Resources plc and has sufficient experience relevant to the styles of mineralisation and type of deposit under consideration and to the subject matter of the report to qualify as Competent Person and defined in the 2012 edition of the Australasian Code for the Reporting of Exploration Results Mineral Resources and Ore Reserves (JORC Code).

Mr.

Gillman consents to the inclusion in the report of the matters based on his information in the form and context in which it appears. 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 Companys 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. Ariana also has a strategic investment in Tigris Resources Limited (www.tigrisresources.com), a private Jersey-based exploration company, which is focused on the exploration of copper and gold deposits in southeastern Turkey.

Ariana retains 7.6% of Tigris Resources Limited. Beaufort Securities Limited and Loeb Aron & Company Ltd.

are joint brokers to the Company and Beaumont Cornish Limited is the Companys Nominated Adviser. For further information on Ariana you are invited to visit the Companys website at www.arianaresources.com.
Glossary of Technical Terms "Ag" the chemical symbol for silver; "Au" the chemical symbol for gold; "g/t" grams per tonne; "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; "JORC" the Joint Ore Reserves Committee; "JORC 2012" the JORC 2012 reporting code; "m" Metres; "Measured resource" a part of a mineral resource for which quantity, grade, densities, shape, and physical characteristics are estimated with confidence sufficient to allow the application of Modifying Factors to support detailed mine planning and final evaluation of the economic viability of the deposit.

It is based on detailed and reliable exploration, sampling and testing from locations such as outcrops, trenches, pits, workings and drill holes, and is sufficient to confirm geological and grade continuity between points of observation where data and samples are gathered; "oz" Ounces;
Ends
[cid:image002.png@01CECBDD.61F8A860] Susie Geliher St Brides Media & Finance Ltd 3 St Michaels Alley, London, EC3V 9DS www.stbridesmedia.co.uk Tel: 020 7236 1177 | Mob: 07976 749 561 | Twitter: @StBrides1



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