Issue of Equity

The Board of Ariana Resources plc ("Ariana" or "the Company"), the gold

exploration and development company focused on Turkey, today announces that it

has received requests for the exercise of a total of 2,105,263 warrants which

were granted as a one for one with placing shares announced on 18 February

2011, exercisable at 4.75p each within twelve months of date of admission ("the

Exercise"),

Application will be made for the 2,105,263 new ordinary shares issued pursuant

to the Exercise, which will rank pari passu, with all existing ordinary shares,

to be admitted to trading on AIM. Admission is expected to take place on or

around September 2 2011 ("Admission").

At Admission, the Company's issued share capital will consist of 253,936,018

Ordinary Shares with a nominal value of 1p each, with voting rights ("Ordinary

Shares"). The Company does not hold any Ordinary Shares in Treasury. Therefore

the total number of Ordinary Shares in the Company with voting rights will be

253,936,018.

The above figure of 253,936,018 Ordinary Shares may be used by shareholders in

the Company as the denominator for the calculations by which they will determine

if they are required to notify their interest in, or a change to their interest

in, the share capital of the Company under the Financial Service Authority's

Disclosure and Transparency Rules.

Contacts:

Ariana Resources plc Tel: +44 (0) 20 7407 3616

Michael Spriggs, Chairman

Kerim Sener, Managing Director

Beaumont Cornish Limited Tel: +44 (0) 20 7628 3396

Roland Cornish / Felicity Geidt

Fairfax I.S. PLC Tel: +44 (0) 20 7598 5368

Ewan Leggat / Laura Littley

St Brides Media & Finance Ltd Tel: +44 (0) 20 7236 1177

Hugo de Salis / Susie Geliher