Conversion of Warrants

15 July 2010 AIM / PLUS Markets: AAU CONVERSION OF WARRANTS Ariana Resources plc ("Ariana" or "the Company"), the gold exploration and development company focused on Turkey, announces the issue, today, of 245,431 new Ordinary Shares of 1p per share ("Ordinary Shares") at a price of 3p per Ordinary Share as a result of the exercise of warrants issued following the Special Resolution passed at the Annual General Meeting ("AGM") on the 29th June 2009. Application will be made to the London Stock Exchange for the new Ordinary Shares to be admitted to trading on AIM ("Admission").  It is anticipated that Admission will become effective and dealings will commence on or around 22 July 2010.  The new Ordinary Shares will rank pari passu, in all respects, with the existing Ordinary Shares and following Admission, there will be a total of 221,979,532 Ordinary Shares in issue. The warrants converted as provided in this announcement represent the last of the 3p warrants that were exercised prior to expiry on the 25 June 2010.  For the avoidance of doubt, the remaining balance of 27,225,549 warrants can no longer be exercised 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 Jonathan Willis-Richards / 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 atwww.arianaresources.com. Ends [HUG#1432082] This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: Ariana Resources plc via Thomson Reuters ONE