Licence Portfolio Increase

Ariana Resources PLC 11 October 2006 11 October 2006 AIM: AAU LICENCE PORTFOLIO SIGNIFICANTLY INCREASED HIGH PRIORITY TARGETS STAKED Ariana Resources plc ('Ariana' or 'the Company'), the gold exploration company focused exclusively on Turkey, announces a significant expansion to its exploration portfolio following the completion of a systematic remote-sensing programme. •45 new licences granted covering 698km2 across western and eastern Turkey •Numerous high interest potential gold and porphyry copper-gold style targets staked •Exploration portfolio enlarged to 106 licences covering 1,755km2 The Company's generative exploration programme targets the discovery of world class bulk-tonnage high-sulphidation style (gold and copper-gold) and vein hosted low-sulphidation style (gold and gold-silver) deposits. At least 120 further targets have been defined from the latest programme which integrated significant satellite-borne data (ASTER) with data in the Company's proprietary in-house GIS platform. Forty five new exploration licences totalling 698km2 have been secured across the highest priority targets occurring in free ground in western Turkey (14 licences), central Turkey (14 licences) and eastern Turkey (17 licences). Ariana's portfolio has subsequently increased to 106 licences covering 1,755km2. New targets generated for follow-up exploration include: •4km x 5km anomaly in volcanic rocks in an under-explored region •6km x 2km anomaly in complex geology similar to that found in Nevada, USA •2km x 2km anomaly in the centre of a large volcanic complex •Portions of a 16km long anomaly in volcanic rocks •2km long anomaly at the contact between volcanic and metamorphosed rocks Steven Poulton, Chief Executive, commented: 'Ariana is making excellent progress towards its strategy of defining a pipeline of exciting projects for resource definition in Turkey. This recent programme has secured an additional 45 licences across numerous and potentially significant large targets. 'Meanwhile, we continue to make strong progress at our existing projects. In western Turkey drilling is underway with two rigs active at the Company's Sindirgi gold project that hosts over 45km of gold-silver bearing epithermal veins and exploration is on going at the Demirci gold project.' Contacts: Ariana Resources plc Steven Poulton, Chief Executive Tel: 01235 511 767 s.j.poulton@arianaresources.cominfo@arianaresources.com Mobile: 0797 408 6712 Bankside Consultants Michael Padley / Susan Scott Tel: 020 7367 8888 About Ariana Resources Ariana is a well funded technology-driven exploration company focused on the discovery of epithermal gold-silver and porphyry copper-gold deposits with multi-million ounce potential within the Tethyan metallogenic belt of Turkey. The Company has a portfolio of prospective licences covering 1,755km2, selected on the basis of its advanced in-house remote sensing database. Ariana's broker is Ambrian Partners Limited 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. This information is provided by RNS The company news service from the London Stock Exchange
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