Placing to raise £933,068

25 September 2007 ARIANA RESOURCES PLC AIM / PLUS Markets: AAU PLACING TO RAISE £933,068 Ariana Resources plc ("Ariana" or "the Company"), the gold exploration company focused on Turkey, is pleased to announce the placing of 23,326,700 new Ordinary Shares of 1 pence each with certain institutional and private investors ("the Placing") at a price of 4 pence per share, raising £933,068 before expenses. One Warrant is issued for every three Ordinary Shares to subscribe for new ordinary shares at a strike price of 8 pence with an exercise period of 3 years. Dr. Kerim Sener, Managing Director, commented: "The level of interest generated by the Placing was beyond expectation with the fundraising well received by new institutional and private investors. The Directors of the Company also supported the Placing. "The additional funds will allow the Company to expand its drilling programme and to increase its current JORC resource to the baseline target of 250,000 oz Au. A formal scoping study will be carried out at Kiziltepe to clarify the options for the development of a gold producing operation. "We welcome our new shareholders and look forward to keeping our investors advised of the Company's progress as we move towards joining the ranks of gold producers". Details of Placing The Placing was undertaken for 23,326,700 ordinary shares (the "Placing Shares") of 1 pence each ("Ordinary Shares") at 4 pence per Ordinary Share and up to 7,775,567 free warrants to subscribe for ordinary shares at a strike price of 8 pence and at an exercise period of 3 years ("the Warrants"). One Warrant will be issued with every three shares. The Placing is conditional upon admission to trading on AIM of the new Ordinary Shares. Application will be made to the London Stock Exchange for the new Ordinary Shares to be issued pursuant to the Placing to be admitted to trading on AIM. It is anticipated that Admission will become effective and dealings will commence on Friday 28 September 2007. The new Ordinary Shares will rank pari passu, in all respects, with the existing Ordinary Shares that are currently traded on AIM. Following admission of these shares, there will be a total of 70,284,062 Ordinary Shares in issue. The warrants will not be listed. All Directors of the Company participated in the Placing, following the announcement of the Company's Interim Results on the 24 September 2007, on the same terms as outlined above: the Directors and related parties have acquired a total of 2,314,200 shares. Following the Placing, the Directors' shareholdings are as follows: +-------------------------------------------------------------------+ | | Placing | Shareholding | Percentage holding | | | Shares | following | of issued shares | | | | Placing | following Placing | |---------------+-----------+--------------+------------------------| | Kerim Sener * | 314,200 | 2,650,000 | 3.77% | |---------------+-----------+--------------+------------------------| | Michael | 1,000,000 | 1,083,333 | 1.54% | | Etheridge | | | | |---------------+-----------+--------------+------------------------| | Michael | 125,000 | 237,500 | 0.33% | | Spriggs | | | | |---------------+-----------+--------------+------------------------| | Michael de | 875,000 | 1,112,500 | 1.58% | | Villiers | | | | +-------------------------------------------------------------------+ * Kerim Sener's shareholding includes shares held by related parties. Contacts: Ariana Resources plc Tel: 020 7407 3616 Michael Spriggs, Chairman Kerim Sener, Managing Director Beaumont Cornish Limited Tel: 020 7628 3396 Roland Cornish Bankside Consultants Tel: 020 7367 8888 Michael Padley / Louise Davis City Capital Corporation Limited Tel: 020 7842 5867 Charles Dampney King & Shaxson Capital Limited Tel: 020 7426 5986 Nick Bealer Editors' note: About Ariana Resources Ariana is a dynamic exploration company focused on the discovery and development 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 1,820km2, selected on the basis of its advanced in-house remote sensing database. The Company's flagship asset is the 235km2 Sindirgi Gold Project, which targets a series of prospects, within a prolific mineralised district in western Turkey. The project hosts over 45km of gold-silver bearing epithermal quartz veins. City Capital Corporation Limited and King & Shaxson Capital 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 ---END OF MESSAGE---
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