17 October 2014 AIM: AAU

DIRECTORS’ DEALINGS

HOLDING IN COMPANY

 

Ariana Resources plc (“Ariana” or “the Company”), the gold exploration and development company focused on Turkey, announces that it was informed on 16 October 2014 that Michael de Villiers, Chairman, purchased 500,000 ordinary shares in Ariana on that date at 0.86 pence per ordinary share. Further to this purchase, Mr de Villiers holds 13,500,000 ordinary shares in the Company, representing a percentage holding of 2.09% of the total issued share capital.

 

Contacts:

Ariana Resources plc

Tel: +44 (0) 20 7407 3616

Michael de Villiers, Chairman

 

Kerim Sener, Managing Director

 

 

 

Beaumont Cornish Limited

Tel: +44 (0) 20 7628 3396

Roland Cornish / Felicity Geidt

 

 

 

Beaufort Securities Limited

Tel: +44 (0) 20 7382 8300

Saif Janjua

 

 

 

Loeb Aron & Company Ltd.

Tel: +44 (0) 20 7628 1128

John Beresford-Peirse / Dr. Frank Lucas

 

 

 

St Brides Media & Finance Ltd

Tel: +44 (0) 20 7236 1177

Susie Geliher / Lottie Brocklehurst

 

 

 

 

About Ariana Resources:

Ariana is an Anglo-Turkish exploration and mine development company focused on advancing epithermal gold-silver and porphyry copper-gold deposits in Turkey. The Company is developing 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 Eldorado Gold Corporation in north-eastern Turkey. Eldorado owns 51% of this joint venture and are fully funding all exploration work on the JV properties, while Ariana owns 49%. The total resource inventory within this JV is 1.09 million ounces of gold.

The Company's flagship assets are its Kiziltepe and Tavsan gold projects that form the Red Rabbit Gold Project. Both 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 and now form part of a Joint Venture with Proccea Construction Co. The total resource inventory at the Red Rabbit Project stands at 475,000 ounces of gold equivalent.

Beaufort Securities Limited and Loeb Aron & Company Ltd. 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. The Company has recently updated its AIM Rule 26 section, including an update to its major shareholders list.

 

Ends