EXCELLENT RESULTS FROM JV PROPERTIES

30 November 2010
AIM / PLUS Markets: AAU

EXCELLENT RESULTS FROM JV PROPERTIES

Ariana Resources plc ("Ariana" or "the Company"), the gold exploration and development company focused on Turkey, is pleased to announce the results of exploration on certain projects held in joint venture with European Goldfields Limited ("European Goldfields").

Highlights:

• Drilling on Salinbas provides intercepts including 21.5m at 6.63 g/t Au, and 42.7m at 2.78 g/t Au.

• Drilling on Ardala provides intercepts including 134m at 0.19% Cu and 0.21 g/t Au, and 189.5m at 0.17 g/t Au and 0.24% Cu.

• Drilling programmes have been extended and further exploration is yielding encouraging results.

Dr. Kerim Sener, Managing Director, commented:

"We are very excited to report the results of the exploration being undertaken on our JV properties in northeastern Turkey.  The European Goldfields team has been doing a tremendous job in understanding the nature of the mineralisation at Ardala and Salinbas.  This has helped guide the latest round of exploration drilling across the projects and has led to the identification of zones of wide and high-grade mineralisation at Salinbas and also to the discovery of a mineralised extension of the Ardala porphyry beneath cover.  These results provide confidence in the mineral potential of the Artvin area and is testament to our targeting and project identification capability in Turkey."

Details of Exploration Programmes

Work to date has focused on three targets: the Salinbas gold zone and the Ardala porphyry within the Ariana joint venture and the Derinkoy gold target in the Aldridge Minerals joint venture.  Regional sampling aimed at selecting other targets for licence applications has also continued across the Pontides region.

Salinbas

Last year, Ariana and European Goldfields jointly announced the discovery of a new high-grade gold epithermal discovery, named Salinbas.  Mineralisation is associated with a series of breccia pipes occurring along a structural corridor, which is interpreted to relate to the Ardala porphyry located about two kilometres away.  The discovery was revealed in a series of trenches in 2009 and further trenching to extend existing trenches and excavate new ones was carried out in 2010 (Table 1).  The trenches define mineralisation over a total strike length of about 300 metres, open in towards the east in the direction of the Ardala porphyry. Follow-up drilling on the trenching has been completed in 2010 (Table 2).

Table 1: Trench results in bedrock on the Salibas prospect.  Results reported for intercepts >1g/t Au using a 0.5 g/t Au lower cut, no upper cut and up to 10 metres of waste material allowed.

Table 2: Drilling results on the Salinbas prospect reported for intercepts >1g/t Au using a 0.5 g/t Au lower cut, no upper cut and up to 6 metres of waste material allowed

Ardala Porphyry

Mapping and sampling of the Ardala porphyry in 2009 indicated that the mineralisation continues under shallow limestone cover to the south of outcrop previously explored in the early 1990's. Drill testing of this area in 2010 has confirmed this geological model and provided encouraging intercepts (Table 3).  Further drilling is planned in order to establish the full extent of the porphyry extension.

Table 3: Drilling results for the Ardala porphyry reported for intercepts using a 0.1 g/t Au lower cut, no upper cut and up to 6 metres of waste material allowed

Derinkoy

Two epithermal gold targets identified by soil geochemistry were selected for drill testing.  Drilling has commenced on one of these and results are expected over the next two months.

Regional

Work across the Eastern Pontides region continues and targets have been selected for licence selection once the next round of licence auctions commences in early 2011.

Contacts:

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 Master's 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 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 a Joint Venture with European Goldfields Limited in north-eastern Turkey.  European Goldfields owns 51% of this joint venture and, as the operator, is fully funding all exploration work on the JV properties until delivery of a feasibility study, at which point Ariana will retain 20% of the Ardala property and 10% of the Salinbas property.

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 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.

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