[Ariana Resources PLC NEW] 29 May 2014 AIM: AAU HIGH-GRADE DRILLING TARGETS DEFINED: KIZILTEPE SECTOR, RED RABBIT GOLD-SILVER PROJECT Ariana Resources plc ("Ariana" or "the Company"), the Anglo-Turkish gold exploration and mine development company, is pleased to announce the definition of drilling targets on two separate gold-silver prospects, Kizilcukur and Karakavak, within the Kiziltepe Sector of the Red Rabbit Project Area, which it holds in a joint venture with Proccea Construction Co. Highlights:
* Exceptional grades from recent in-fill composite rock-chip sampling at Kizilcukur: 32.4g/t Au + 144g/t Ag, 8.6g/t Au + 115g/t Ag and 5.4g/t Au + 259g/t Ag.
* Composite rock-chip sampling at Karakavak yielded previously reported grades of up to 20.8g/t Au + 34g/t Ag, 8.9g/t Au and 4.0g/t Au + 3g/t Ag.
* 2,000m Reverse Circulation ("RC") drilling programme prepared for the Kizilcukur and Karakavak prospects.
* Necessary forestry permits for drilling Kizilcukur and Karakavak already secured.
* Significant scope to define new high-grade open-pittable resources at both locations and further enhance the project economics of the entire Red Rabbit Gold-Silver Project. Dr.

Kerim Sener, Managing Director, commented: "With development of Red Rabbits initial mine at Kiziltepe continuing at pace, where first production is targeted during H1 2015, the Ariana exploration team was recently tasked with advanced planning for a drilling programme at two satellite prospects with the objective of delineating further resource ounces.

With both prospects being located less than 25km from the initial mine, both Karakavak and Kizilcukur represent high priority targets for drilling and underpin Red Rabbits significant potential to host multiple open pit mines within truckable distance to the planned processing plant. "Follow-up surface sampling programmes were conducted at the Kizilcukur and Karakavak prospects in order to refine drilling targets for resource definition.

These sampling programmes have returned some exceptional results that highlight the prospectivity of these prospect areas.

Both prospects show excellent potential to add to the resource base of the Kiziltepe Sector, and with this in mind, the Company is preparing for a drilling programme at both sites, which we are planning to initiate in Q3 2014." Drilling Programme The Ariana exploration team has completed planning for a two-stage drilling programme to focus on the Kizilcukur and Karakavak prospects, which sit within the Red Rabbit Project Area.

This programme is the first to commence within the Kiziltepe Sector since the N2D ("Newmont 2-Decade") database was secured in early 2013 and follows from the exploration completed across the Sector during the course of 2013 and early 2014. Kizilcukur Prospect The Kizilcukur prospect (Figure 1) is located 22km from the planned Kiziltepe Mine and is held 100% by Ariana. The first stage of the drilling programme will focus on in-fill drilling at the Companys Kizilcukur prospect, where a current Inferred JORC resource of 162,000t @ 2.39 g/t Au + 48.5 g/t Ag (for 16,600oz Au equiv.) has been established based on historic drilling (Table 1).

Recent exploration has identified several important new locations along strike of the main Kizilcukur structure for drilling. Recent in-fill composite rock-chip sampling at these locations has returned some exceptional grades: 32.4g/t Au + 144g/t Ag, 8.6g/t Au + 115g/t Ag and 5.4g/t Au + 259g/t Ag.

Historic rock-chip and channel-chip sampling across the veins in this area had returned many high-grade samples as shown in Table 2, and interpretation of these results in conjunction with existing drilling data (Table 1) suggests the presence of a supergene gold enrichment zone near surface.

Such enrichment zones are common features of the gold-silver bearing veins across the Kiziltepe Sector, the best example of which is the small high-grade resource defined at Kepez.

The proposed drilling programme at Kizilcukur is designed to test within the limits of this possible enrichment zone. The drilling programme at this location will be for up to 1,500m and is designed to test the potential for an open-pittable resource.

Based on preliminary estimates, there is scope to define a high-grade open-pittable resource at this location, which could be trucked to the Kiziltepe processing plant. Table 1: Drilling results from previous exploration at Kizilcukur, as reported in news releases published in June 2011 and October 2012. Drill Hole >From (m) To (m) Intercept (m) Grade KDTD04 38.0 41.6 3.6 3.4 g/t Au, 90 g/t Ag And 44.0 45.0 1.0 3.3 g/t Au, 327 g/t Ag KDTD05 42.0 43.7 1.7 2.0 g/t Au, 72 g/t Ag KDTD10 71.6 75.1 3.5 47 g/t Ag KDTD13 110.0 112.9 2.9 16.1 g/t Au And 106.6 114.7 8.1 29 g/t Ag KDTD15 54.7 56.1 1.4 1.4 g/t Au, 42 g/t Ag And 60.3 61.0 0.7 1.0 g/t Au, 28 g/t Ag KDTD16 116.0 122.9 6.9 25 g/t Ag
Table 2: Historic composite rock-chip samples collected from Kizilcukur.

Only the top 15 samples are shown in order of gold equivalent grade, though there are a total of 80 samples out of 460 (including those recently acquired), which show gold equivalent grades greater than 2 g/t. Easting Northing Grade Au (g/t) Grade Ag (g/t) Au equiv.

(g/t) 626142 4360675 152.0 229.0 155.8 626150 4360676 1.5 1320.0 23.5 626817 4360333 13.0 19.7 13.3 626151 4360677 5.7 398.0 12.3 626174 4360661 9.6 67.8 10.7 626190 4360656 5.9 279.0 10.5 626220 4360602 7.2 188.0 10.4 626449 4360431 3.8 371.0 9.9 626144 4360601 8.3 100.0 9.9 626746 4360361 1.6 471.0 9.5 626728 4360404 7.0 148.0 9.5 626188 4360651 3.2 346.0 9.0 626189 4360653 3.8 306.0 8.9 626187 4360649 2.1 405.0 8.9 626818 4360331 8.1 11.1 8.3
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Figure 1: Drilling plan for Kizilcukur, showing historic and planned drill holes and surface rock-chip sampling (showing gold grades), superimposed on satellite imagery and silver soil geochemistry.

Mapped gold-silver bearing quartz veins are also shown. Karakavak Prospect The Karakavak prospect (Figure 2) is located 10km from the planned Kiziltepe Mine and is held within the Joint Venture with Proccea Construction. The second stage of the drilling programme will focus on a 400m section of the Karakavak South Vein.

Previous surface sampling along this vein had returned grades of up to 20.8g/t Au + 33.5g/t Ag, 8.9 g/t Au and 4.0g/t Au + 2.6g/t Ag.

The Karakavak South vein has a strike length of 1.3km and is up to 4m wide at surface.

The structure was initially identified in soil sampling and IP/Resistivity geophysics programmes but was fully understood and mapped in Q3 2013.

Several sections of the vein sit within forested areas, though there are certain locations that can be drill-tested from privately-held land.

The Company has designed its drilling programme according to these accessible areas of the vein, in order to avoid the requirement for forestry permitting.

One of the planned drilling locations corresponds with a significant IP/resistivity geophysical anomaly. Drill-testing of a 100m section of the Karakavak Main Vein has also been planned.

This area has shown composite rock-chip and channel sampling results of 2.8g/t Au + 2.0g/t Ag, 2.3g/t Au + 8.1g/t Ag and 1.9g/t Au + 4.0g/t Ag.

The Karakavak Main Vein is 1.4km long and up to 6m wide.

The Company has already received forestry permits to drill in this area.

To date, both Karakavak Main and Karakavak South have not been drill tested.

The current drilling plan involves 500m of shallow drilling at Karakavak Main and Karakavak South, which will demonstrate the future potential for these areas to yield open-pittable resources. [cid:image010.png@01CF7B17.15831490] Figure 2: Drilling plan for Karakavak, showing planned drill holes and surface rock-chip sampling (showing gold grades), superimposed on satellite imagery and gold soil geochemistry.

Mapped gold-silver bearing quartz veins are also shown. 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 8300 Saif Janjua
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: 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 Masters 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 Anglo-Turkish exploration and mine development company focused on advancing 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, that 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. 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.
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