RC Drilling to commence on Kiziltepe

18 May 2010 AIM / PLUS Markets: AAU RC DRILLING TO COMMENCE ON KIZILTEPE Ariana Resources plc ("Ariana" or "the Company"), the gold exploration and development company focused on Turkey is pleased to provide an update on its activities at the Red Rabbit Project.  A Reverse Circulation (RC) resource drilling programme is to commence immediately on the Banu and Derya veins.  Initial results from the first phase of exploration drilling of vein extensions and geophysical target areas defined on the Kiziltepe Prospect are also presented. Highlights * 2,000m Reverse Circulation (RC) drilling programme to commence * Positive results from drill-testing of the extensions of the Arzu vein system beneath cover * Intercepts include 4m @ 2.88 g/t Au equiv., 19m @ 1.44 g/t Au equiv. Dr. Kerim Sener, Managing Director, commented: "We are pleased to announce the commencement of our planned Reverse Circulation (RC) drilling programme on the Banu and Derya veins at the Kiziltepe deposit.  This 2,000m RC programme has been devised to enable conversion of current resources on these veins from the Inferred to Indicated category.  This programme is being initiated in advance of formal Joint Venture completion to ensure project development remains on schedule. We are also pleased to report initial results of the Rotary Air Blast (RAB) drilling programme which tested probable buried vein extensions of the Arzu structure.  The RAB programme has now defined buried veins in two out of three target areas and we consider these results to be highly significant for the further growth of the Kiziltepe resource." Drilling Programme Approximately 2,000 m of RC drilling has been planned on the Banu and Derya veins at the Kiziltepe deposit.  This programme is due to commence on 19th May 2010 and has been designed to aid the conversion of JORC Inferred resources to Indicated status.  It is expected that this programme will run for approximately two weeks, following which the results of this programme will be integrated with a new mineral resource estimate which is already underway. On the 25th March 2010 the Company announced that it had received results from an extended geophysical programme at Kiziltepe.  Following the processing of all available geophysical data from Kiziltepe, an initial exploration drilling programme was devised.  Several important areas for drilling follow-up were defined and three preliminary target areas were selected for shallow drill-testing, with holes no more than 25m deep.  Two of these areas lay on the probable extension of the Arzu vein system beneath cover. A Rotary Air Blast (RAB) drilling programme was initiated to test these two areas and the results of the first six drill holes are presented in Table 1 below. Table 1: RC drill hole intersection data from northern end of the Arzu structure.  The Au + Au equiv. is the sum of the gold grade and the gold equivalent grade of silver in g/t based on a gold/silver price ratio of approximately 50:1. +---------+-------+--------+--------+------+----------+------+--------+--------+ | | | | | | Apparent | Gold | Silver |Au + Au | | Hole |Easting|Northing|From (m)|To (m)|Width (m) | (Au |(Ag g/t)| equiv. | | | | | | | | g/t) | | (g/t) | +---------+-------+--------+--------+------+----------+------+--------+--------+ |RAB01A-10|607175 |4349395 | 2.00 | 6.00 | 4 | 2.37 | 25.40 | 2.88 | +---------+-------+--------+--------+------+----------+------+--------+--------+ |RAB02A-10|607179 |4349384 | 4.00 |10.00 | 6 | 1.32 | 15.40 | 1.63 | +---------+-------+--------+--------+------+----------+------+--------+--------+ |RAB02B-10|607180 |4349385 | 6.00 |12.00 | 6 | 1.28 | 21.23 | 1.71 | +---------+-------+--------+--------+------+----------+------+--------+--------+ |RAB03-10 |607130 |4349271 | 3.00 | 5.00 | 2 | 0.63 | 12.05 | 0.87 | +---------+-------+--------+--------+------+----------+------+--------+--------+ |RAB03-10 |607192 |4349256 | 14.00 |20.00 | 6 | 1.54 | 22.73 | 2.00 | +---------+-------+--------+--------+------+----------+------+--------+--------+ |RAB04A-10|607192 |4349256 | 8.00 |24.00 | 16 | 0.72 | 10.11 | 0.92 | +---------+-------+--------+--------+------+----------+------+--------+--------+ |RAB04B-10|607191 |4349254 | 1.00 |20.00 | 19 | 1.20 | 12.14 | 1.44 | +---------+-------+--------+--------+------+----------+------+--------+--------+ The RAB drilling programme was cut short due to mechanical issues with the contract rig and the full programme was not implemented.  However, these initial results do point to the presence of continuous gold mineralisation in an area with poor to non-existent vein outcrop.  Although the magnitude of gold anomalism detected in these holes is typically low (approx. 1-2.5 g/t Au equivalent), the fact that gold mineralisation has been intercepted is a highly significant result and proves the continuity of mineralisation beneath cover and the integrity of the geophysical anomalies tested. Contacts: Ariana Resources plc Michael Spriggs, Chairman Tel: 020 7407 3616 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: Dr Kerim Sener, BSc (Hons), MSc, PhD, is the Managing Director of Ariana Resources plc.  A graduate of the University of Southampton in Geology, he also holds a Master's degree from the Royal School of Mines (Imperial College, London) in Mineral Exploration and a doctorate from the University of Western Australia.  He is a Fellow of The Geological Society of London and has worked in geological research and mineral consultancy in Southern Africa and Australia.  He has read and approved the technical disclosure in this regulatory announcement. 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 atwww.arianaresources.com < http://www.arianaresources.com/>. Ends [HUG#1416601]
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