May 10, 2010
Director's and Management Dealings

 

10 May 2010

AIM / PLUS Markets: AAU

 

DIRECTOR'S AND MANAGEMENT DEALINGS

 

Ariana Resources plc ("Ariana" or "the Company"), the gold exploration and development company focused on Turkey, announces that it was informed on 7 March 2010 that on that day, Dr. Kerim Sener, Director, had purchased a total of 236,857 ordinary shares of 1 pence each at a price of 2.30 pence per share.  The Company was also informed on 8 March 2010 that on the 7 March 2010, Mr. William Payne, CFO, had purchased a total of 100,000 ordinary shares of 1 pence each at a price of 2.35 pence per share.  

 

Following this acquisition, Dr. Sener and related parties will hold 4,250,000 ordinary shares, representing a holding in the Company of 1.92%.

 

Contacts:

 

Ariana Resources plcTel: 020 7407 3616
Michael Spriggs, Chairman 
Kerim Sener, Managing Director 
  
Beaumont Cornish LimitedTel: 020 7628 3396
Roland Cornish 
  
Alexander David Securities LimitedTel: 020 7448 9820
Nick Bealer / David Scott 
  
Loeb Aron & Company LtdTel: 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