Holdings in company

Ariana Resources plc (“Ariana” or “the Company”), the gold exploration and development company focused on Turkey, were informed on 17 June 2011 by T1ps Investment Management (IOM) Limited of the changes in holdings of ordinary shares in the Company (“the Shares”) following acquisition of ordinary shares as set out below.   The Shares are held in the SFT1ps Smaller Companies Gold Fund, a fund under the discretionary management of T1ps Investment Management (IOM) Limited, on behalf of BNY Nominees Limited and the changes to the holdings are as follows:

• on 29 March 2011, the number of Shares held increased from 19,731,052 to 20,124,552 (8.03%) of the Company’s issued share capital;
• on 5 May 2011, the number of Shares held increased from 22,289,020 to 22,804,020 (9.09%); and
• on 16 June 2001, the number of Shares held increased from 24,148,464 to 24,398,464 (9.72%).

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.

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