Quarterly Newsletter

20 October 2014
AIM: AAU

QUARTERLY NEWSLETTER

Ariana Resources plc ("Ariana" or "the Company"), the gold exploration and development company focused on Turkey, is pleased to announce the release of the Company's Quarterly Newsletter for shareholders detailing the recent progress across its portfolio of gold pre-production, development and exploration interests.

Highlights

• Development: 100% mine finance secured and surface rights granted for first mine at Kiziltepe Sector of Red Rabbit Gold Project 

• Discovery: development of a new gold district at the 1.09Moz Ardala/Salinbas Gold Project - funded and operated by Eldorado Gold

• Exploration: intention to double the current resources at Red Rabbit Gold Project to further enhance already robust economic fundamentals and identify future standalone mines

Dr. Kerim Sener, Managing Director, commented:

"Momentum continues to build across our portfolio of interests as we systematically de-risk our most advanced pre-production asset and move it ever closer to commercial gold production, in addition to building tangible value across our exploration properties and highlighting their potential as future standalone mines. 

"The Red Rabbit Gold Project in Western Turkey remains the core pillar of Ariana's strategy moving forward.  The Kiziltepe Sector, which will host our first mine, is now approaching the commencement of construction, subject to final permitting which is expected in the current quarter.  Importantly, we have secured 100% of the requisite financing for the Kiziltepe mine and significant surface rights have been purchased. With a modest 6-8 month construction phase anticipated, and low projected base case cash costs of US$600/oz, the potential for near-term high margin commercial gold production is clearly evident.

"Our transition into production will be an important development for Ariana, however it will not detract from the Company's central focus, which remains on exploration and development.  The Company has carved out an enviable exploration portfolio across Turkey, which it is confident will lay the foundations for future +1 million ounce assets and commercial mines over the coming years."

To view a copy of the Quarterly Newsletter, please click on the following link to the Company's website: http://www.arianaresources.com/investors/quarterly-updates/.  

Contacts:

Ariana Resources plc	Tel: [phone]
Michael de Villiers, Chairman
Kerim Sener, Managing Director
Beaumont Cornish Limited	Tel: [phone]
Roland Cornish / Felicity Geidt
Beaufort Securities Limited	Tel: [phone]
Saif Janjua
Loeb Aron & Company Ltd.	Tel: [phone]
John Beresford-Peirse / Dr. Frank Lucas
St Brides Media & Finance Ltd	Tel: [phone]
Susie Geliher / Lottie Brocklehurst

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Ariana Resources plc via Globenewswire

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