Joint Venture Company Established

9 August 2010
AIM / PLUS Markets: AAU

                       JOINT VENTURE COMPANY ESTABLISHED

Ariana  Resources  plc  ("Ariana"  or  "the  Company"), the gold exploration and
development  company focused on Turkey, is pleased to announce the establishment
of  the Joint Venture  Company, Zenit Madencilik  San. ve Tic.  A.S., which will
manage  the interests of the joint  venture between Proccea Construction Co. and
the Turkish subsidiary of Ariana, in the Red Rabbit Joint Venture.

Dr. Kerim Sener, Managing Director, commented:

"This  development takes us another step closer  to gold production from our Red
Rabbit  project.  With this formality completed, the  way is now clear for us to
proceed  with our Feasibility  Study and Environmental  Impact Assessment of the
project.   The establishment of  Zenit Madencilik has  been completed, following
the  recent publication  of the  Memorandum and  Articles of  Association of the
company  in the Turkish Trade Gazette.  We will now proceed with the transfer of
our mining licences from our Turkish subsidiary to Zenit Madencilik.  "

Contacts:

 Ariana Resources plc                     Tel: [phone]

 Michael Spriggs, Chairman

 Kerim Sener, Managing Director



 Beaumont Cornish Limited                 Tel: [phone]

 Roland Cornish



 Alexander David Securities Limited       Tel: [phone]

 Nick Bealer / David Scott



 Loeb Aron & Company Ltd                  Tel: [phone]

 Jonathan Willis-Richards / Frank Lucas



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
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 and now  form part of a Joint Venture with
Proccea  Construction Co.  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
atwww.arianaresources.com.

Ends




[HUG#1436566]








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Source: Ariana Resources plc via Thomson Reuters ONE