DIRECTOR'S DEALINGS
14 May 2010
AIM / PLUS Markets: AAU
DIRECTOR'S DEALINGS
Ariana Resources plc ("Ariana" or "the Company"), the gold exploration and development company focused on Turkey, announces that it was informed today that on 12 May 2010, Michael de Villiers, Director, purchased a total of 164,000 ordinary shares of 1 pence each at a price of 3 pence per share.
Following this acquisition, Mr. de Villiers will hold 2,249,142 ordinary shares, representing a holding in the Company of 1%.
The Company also announces that it has issued and allotted 100,000 shares at 3 pence per share to Michael Spriggs, Director, in lieu of salary. Following this issue Mr. Spriggs will hold 619,072 ordinary shares, representing a holding in the Company of 0.3%.
Application has been made to the London Stock Exchange for the new ordinary shares which will rank, pari passu, with all existing ordinary shares to be admitted to trading. Admission is expected on or around 20 May 2010.
There will be 221,734,101 shares in issue following this issue and allotment.
Contacts:
| Ariana Resources plc | Tel: 020 7407 3616 |
| Michael Spriggs, Chairman | |
| Kerim Sener, Managing Director | |
| Beaumont Cornish Limited | Tel: 020 7628 3396 |
| Roland Cornish | |
| Alexander David Securities Limited | Tel: 020 7448 9820 |
| Nick Bealer / David Scott | |
| Loeb Aron & Company Ltd | Tel: 020 7628 1128 |
| Peter Freeman / Frank Lucas |
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 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 401,000 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 at www.arianaresources.com.
Ends
