DIRECTORATE CHANGE

The Board of Ariana Resources plc ("Ariana" or "the Company"), the gold exploration and development company focused on Turkey, today announces David Reading has resigned as Director with immediate effect.

 

David joined Ariana in April of last year when the joint venture with European Goldfields Limited ("EGL") was announced and David was CEO of EGL.  His resignation from Ariana follows his resignation from EGL announced last week.

 

The Board of Ariana would like to thank him for his time with the Company.

 

 

 

 

 

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