Placing to raise GBP 800,000

14 September 2009 AIM / PLUS Markets: AAU PLACING TO RAISE £800,000 Ariana Resources plc ("Ariana" or "the Company"), the gold exploration and development company focused on Turkey, is pleased to announce the placing of 26,666,667 new Ordinary Shares of 1 pence each with certain institutional investors ("the Placing") at a price of 3 pence per share, raising £800,000 before expenses. Dr. Kerim Sener, Managing Director, commented: "This Placing was conceived and completed within only one week. This highly successful and speedy outcome is a powerful endorsement of the steady progress made by the Company in recent months. Interest in the Placing exceeded expectations, underpinned by the latest positive shift in market sentiment towards Ariana, and aided by the sterling efforts of our brokers. The funds raised from this Placing will allow the Company to undertake further development work on the Kiziltepe and Tavsan deposits, and to initiate core components of the pre-feasibility level evaluation of the 'Red Rabbit' Project, which envisages integrating these two deposits into a single venture. New exploratory drilling on Kiziltepe and related targets will be undertaken in prospective areas where surface data is limited. At Tavsan, a geophysical programme is planned to identify new targets for resource extensions. We welcome our new shareholders and look forward to keeping our valued investors informed of the Company's progress as we move forward with the development of our projects in western Turkey". Details of Placing The Placing was undertaken for 26,666,667 ordinary shares (the "Placing Shares") of 1 pence each ("Ordinary Shares") at 3 pence per Ordinary Share. 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 18 September 2009. 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 170,517,993 Ordinary Shares in issue. Contacts: Ariana Resources plc Tel: 020 7407 3616 Michael Spriggs, Chairman Kerim Sener, Managing Director Beaumont Cornish Limited Tel: 020 7628 3396 Roland Cornish Alexander David Securities Limited Tel: 020 7448 9820 Nick Bealer / David Scott Loeb Aron & Company Ltd Tel: 020 7628 1128 Peter Freeman / 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. 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 ---END OF MESSAGE--- This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
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