Ariana Resources plc : Issue of Equity and Total Voting Rights

        Ariana Resources plc : Issue of Equity and Total Voting Rights

                               28 February 2013
                                   AIM: AAU

                               ISSUE OF EQUITY
                             TOTAL VOTING RIGHTS

Ariana Resources plc  ("Ariana" or  "the Company"), the  gold exploration  and 
development company focused on Turkey, today announces the issue of 46,429,980
new ordinary shares of  1p each at  1.2675p pence per  share (the "Issue")  to 
raise £588,500 before costs.  The proceeds will be  used for general  working 
capital purposes. The  Issue is made  pursuant to and  following a draw  down 
under the Standby Equity Distribution  Agreement ("SEDA") entered into by  the 
Company with YA Global Master SPV Ltd as announced on 20 January 2011.

Application will be made  for the 46,429,980 new  ordinary shares, which  rank 
pari passu with all existing ordinary shares, to be admitted to trading on AIM
("Admission").  Admission  is expected  to take place  on or  around 5  March 

Following the issue  of the  New Ordinary  Shares the  Company's issued  share 
capital will consist of 417,449,474 Ordinary Shares with a nominal value of 1p
each, with voting rights ("Ordinary Shares").  The Company does not hold  any 
Ordinary Shares in Treasury. Therefore the total number of Ordinary Shares in
the Company with voting rights is  417,449,474 and this number should be  used 
by shareholders in  the Company  as the  denominator for  the calculations  by 
which they will determine if they are required to notify their interest in, or
a change to  their interest in,  the share  capital of the  Company under  the 
Financial Service Authority's Disclosure and Transparency Rules.


        Ariana Resources plc                Tel: +44 (0) 20 7407 3616
        Michael Spriggs, Chairman
        Kerim Sener, Managing Director
        Beaumont Cornish Limited            Tel: +44 (0) 20 7628 3396
        Roland Cornish / Felicity Geidt
        S.P. Angel Corporate Finance LLP    Tel: +44 (0) 20 3463 2260
        Ewan Leggat / Laura Littley
        St Brides Media & Finance Ltd       Tel: +44 (0) 20 7236 1177
        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 is fully funding all  exploration 
work on the JV properties, while Ariana owns 49% and is the operator.

The Company's flagship assets are its Sindirgi 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 of the Company stands at 448,000 ounces of gold equivalent.

Ariana  also  has   a  strategic  investment   in  Tigris  Resources   Limited 
(, a private  Jersey-based exploration company,  which 
is focused on  the exploration  of copper  and gold  deposits in  southeastern 
Turkey. Ariana retains 11.5% of Tigris Resources Limited. 

S P  Angel Corporate  Finance LLP  are  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



   This announcement is distributed by Thomson Reuters on behalf of Thomson
                               Reuters clients.

                The owner of this announcement warrants that:
    (i) the releases contained herein are protected by copyright and other
                             applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of
                        information contained therein.

             Source: Ariana Resources plc via Thomson Reuters ONE
Press spacebar to pause and continue. Press esc to stop.