Argentinean Update - Mariana Receives US$600,000 Funding for Argentinean Gold and Silver Exploration Mariana Resources Ltd (Mariana or the Company), the AIM quoted exploration and development company focused in Peru and southern Argentina, announces that it has received $4,745,826 Argentinean Pesos (circa US$600,000) funding by way of VAT refund from the Argentinean Tax Authorities.

Monies received are in respect of VAT levied on exploration expenditure at the Las Calandrias gold-silver project (carried on the Companys balance sheet as a long term debtor).

The funds will be utilised by Mariana during 2014 to advance its gold and silver exploration properties in the highly prospective Santa Cruz province, southern Argentina.

(see Fig 1) Marianas main focus in 2014 will be to complete drill target definition at the 100% owned 9,000 ha Los Cisnes silver-gold project (Fig 2) where initial exploration has already been conducted.

Results to date are highly encouraging and indicate a classic rhyolite domefield epithermal setting, thus offering both bulk tonnage (altered dome breccias) and high-grade (vein-breccias) potential.

Interestingly as previously reported on 21 November 2012 - 200 samples collected, 71 were strongly anomalous in gold with 27 samples returning assays over 0.5 g/t Au (maximum 11.0 g/t Au).

High silver values were also detected at the El Brio target area with 8 samples ranging from 31 g/t Ag to 716 g/t Ag, and one sample assaying 0.8m @ 3,849 g/t Ag. The 2013/2014 field season at Los Cisnes included geological mapping, LAG sampling, channel sampling and, more recently, ground geophysics leading to current trenching for April and May (54 trenches for a total of 1,970 metres) over a number of target areas.

A more detailed news release will follow, summarising exploration results to date, once trench channel sampling assays are received and compiled.

It is anticipated that several drill targets will potentially be generated from this programme. As Mariana has stated in previous corporate updates, it continues to look at possible joint venture opportunities, consolidations and possible asset sales to enhance and develop its Argentinean portfolio. Chief Executive Officer, Glen Parsons commented, "This is excellent news for Mariana as funds received will underwrite, with no dilution to shareholders, what will be an exciting exploration phase in Argentina for 2014. "Mariana has assembled an impressive portfolio of gold and silver projects in the Santa Cruz epithermal district and has maintained a large land package.

We have proven our ability to define significant resources at our Las Calandrias discovery with a previously reported initial resource of 519,000 ozs AuEq*.

Whilst Argentina currently forms a longer term-delivery strategy for the Company due to the current political and country investor climate, I remain positive for the future.

This is based on some very positive news emerging from Santa Cruz province, such as Yamana going ahead with a $450M development of the Cerro Moro gold-silver project, Marianas major shareholders AngloGold Ashanti achieving "highest annual production in a decade" at Cerro Vanguardia mine, Goldcorp advancing the Cerro Negro project to production and McEwenMining/Hochschild reporting expansion of reserves and production at the San Jose silver-gold mine.

On the exploration front, McEwen/Hochschild are embarking on a major effort around their San Jose silver-gold mine and at least one Canadian junior is about to commence drilling after the downturn.

With this in mind, we believe the VAT refund is timely and allows us to invigorate exploration at the Los Cisnes project and also the Bozal/Las Calandrias district. "Meanwhile, focus continues in Peru, as drilling unfolds over two core copper-gold projects, Soledad and Condor de Oro.

I look forward to reporting on these and our Argentinean exploration results in what is shaping up to be a highly active 2014 for Mariana." Link: http://marianaresources.com/site/wp-content/uploads/April_10_2014_NR_Maps.pdf ADDITIONAL INFORMATION AuEq*-Gold equivalent grade is calculated by dividing silver assays by 60 and adding to the gold value and this assumes 100% metallurgical recovery. Qualified Person The information in this release has been reviewed by John Horsburgh who is a Fellow of the Australasian Institute of Mining and Metallurgy.

Mr Horsburgh holds a B.Sc in Mining Geology and an M.Sc in Applied Geophysics from the Royal School of Mines, Imperial College, London and has over 40 years experience in mineral exploration and project development worldwide. Quality Assurance/Quality Control All technical information for the Companys Argentina projects is obtained and reported under a quality assurance and quality control (QA/QC) program.

All samples are collected under the supervision of the Company geologists and dispatched via commercial transport to ALS Chemex laboratories in Mendoza, Argentina, and assayed in Chile.

ALS Chemexs quality system complies with the requirements for the International Standards ISO 9001:2000 and ISO 17025: 1999.

Samples returning greater than 10 g/t gold and/or greater than 100 g/t silver are assayed using gravimetric analyses.

Systematic assaying of sample duplicates and commercially prepared standards and blanks is performed for analytical reliability. **ENDS** For further information please visit website at www.marianaresources.com or contact the following. In Australia:
John Horsburgh (Chairman) Mariana Resources Ltd +61 2 9437 4588 Glen Parsons (CEO) Mariana Resources Ltd +61 2 9437 4588 Rob Adamson RFC Ambrian Limited (Nomad) +61 2 9250 0041 Will Souter RFC Ambrian Limited (Nomad) +61 2 9250 0050 In U.K.
Jonathan Williams RFC Ambrian Limited (UK Broker) +44 20 3440 6817 Felicity Edwards St Brides Media and Finance Ltd (PR) +44 20 7236 1177 In Canada:
Kathryn Witter Mariana Resources Ltd (Vancouver Office) +1 604 669 9336
About Mariana Resources Mariana Resources Ltd is an AIM quoted exploration and development company with an extensive portfolio of gold, silver and copper projects in South America.

In Peru, Mariana has an option to earn a 51% interest in highly prospective copper-gold and copper silver porphyry targets in the Cordillera del Condor of northern Peru as well as an option to earn a 70% interest in the Soledad copper-gold and silver project in Central Peru.

In southern Argentina, the Companys core gold-silver projects are Las Calandrias (100%), Sierra Blanca (100%), Los Cisnes (100%), Bozal (100%) and Los Amigos JV (30%).

These projects are part of a 200,000+ Ha land package in the Deseado Massif epithermal gold-silver district in mining-friendly Santa Cruz Province.
Safe Harbour This press release contains certain statements which may be deemed to be forward-looking statements.

These forward-looking statements are made as at the date of this press release and include, without limitation, statements regarding discussions of future plans, the realization, cost, timing and extent of mineral resource estimates, estimated future exploration expenditures, costs and timing of the development of new deposits, success of exploration activities, permitting time lines, and requirements for additional capital.

The words "plans", "expects", "budget", "scheduled", "estimate", "forecasts", "intend", "anticipate", "believe", "may", "will", or similar expressions or variations of such words are intended to identify forward-looking statements.

Forward-looking statements are subject to known and unknown risks, uncertainties, assumptions and other factors that may cause actual results to vary materially from those expressed or implied by such forward-looking statements, including, but not limited to: the effects of general economic conditions; the price of gold, silver and copper; misjudgements in the course of preparing forward-looking statements; risks associated with international operations; the need for additional financing; risks inherent in exploration results; conclusions of economic evaluations; changes in project parameters; currency and commodity price fluctuations; title matters; environmental liability claims; unanticipated operational risks; accidents, labour disputes and other risks of the mining industry; delays in obtaining governmental approvals or in the completion of development or construction activities; political risk; and other risks and uncertainties described in the Companys annual financial statements for the most recently completed financial year which is available on the Companys website at www.marianaresources.com .

Although we believe that the expectations reflected in such forward-looking statements are based upon reasonable assumptions and have attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended.

There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such forward-looking statements.

Accordingly, readers are cautioned not to place undue reliance on forward-looking statements.

We do not undertake to update any forward-looking statements, except in accordance with applicable securities laws.
Felicity [cid:image002.png@01CECBDD.61F8A860] Felicity Edwards St Brides Media & Finance Ltd 3 St Michaels Alley, London, EC3V 9DS www.stbridesmedia.co.uk Tel: 0207 236 1177 | Mob: 07748843871 | Twitter: @StBrides1