Change of broker

Ariana Resources plc (“Ariana” or “the Company”), the gold exploration and development company focused on Turkey, is pleased to announce the appointment of Fairfax I.S. PLC (“Fairfax”) as the Company’s sole broker with immediate effect. 

Dr. Kerim Sener, Managing Director, commented:

“I am delighted to appoint Fairfax as broker to the Company and look forward to benefitting from the team’s specialist skills in the mining sector.  Fairfax has established wide-ranging relationships with resource investors in the UK and internationally, making it an ideal addition to our advisory team as we approach the production phase at our flagship Red Rabbit Gold Project in western Turkey.”

For further information on Fairfax, visit www.fairfaxplc.com.

Contacts:

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 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.

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 (www.tigrisresources.com), a private Jersey-based exploration company, which is focused on the exploration of copper and gold deposits in southeastern Turkey.  Ariana retains 15% of Tigris Resources Limited.

Fairfax I.S. PLC is the Broker 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