Quarterly Update to Shareholders

25 January 2011
AIM / PLUS Markets: AAU
 
                        QUARTERLY UPDATE TO SHAREHOLDERS
 
Ariana  Resources  plc  ("Ariana"  or  "the  Company"), the gold exploration and
development  company  focused  on  Turkey,  is  pleased  to announce that it has
released its Q4 2010 Quarterly Update to shareholders on the Company's website.
 
Highlights
 
  * RESOURCE   INCREASE:  Announcement  of  a  25% increase  in  JORC  compliant
    resources to 448,000 oz Au equivalent.
 
* SHAREHOLDING:  Following the purchase of  500,000 ordinary shares in Ariana,
    Starvest  plc is now the beneficial  holder of 13,456,000 ordinary shares or
    6.06% of the issued share capital.
 
* INVESTMENT  IN TIGRIS RESOURCES:  Announcement of a  strategic investment in
    Tigris  Resources  Limited,  a  private  company  focused on gold and copper
    exploration in south-eastern Turkey.
 
* RESULTS FROM JV PROPERTIES: Exploration results from the European Goldfields
    JV  identify zones of wide and high-grade mineralisation at Salinbas and the
    discovery of a mineralised extension of the Ardala porphyry beneath cover.
 
* RED  RABBIT JV UPDATE: Ariana announce an increase to the registered capital
    of  Zenit Madencilik San.  ve Tic. A.S.,  the JV company  held by Ariana and
    Proccea Construction Co. in Turkey.
 
To  view a  full version  of the  Quarterly Update,  please visit  the Company's
website atwww.arianaresources.com.
 
Contacts:
 
 Ariana Resources plc                     Tel: +44 (0) 20 7407 3616
 
 Michael Spriggs, Chairman
 
 Kerim Sener, Managing Director
 
Beaumont Cornish Limited                 Tel: +44 (0) 20 7628 3396
 
 Roland Cornish
 
Alexander David Securities Limited       Tel: +44 (0) 20 7448 9820
 
 Nick Bealer / David Scott
 
Loeb Aron & Company Ltd                  Tel: +44 (0) 20 7628 1128
 
 Jonathan Willis-Richards / Frank Lucas
 
St Brides Media & Finance Ltd            Tel: +44 (0) 20 7236 1177
 
 Hugo de Salis
 
 Susie Geliher
 
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 a
Joint   Venture  with  European  Goldfields  Limited  in  north-eastern  Turkey.
 European  Goldfields owns  51% of this  joint venture  and, as the operator, is
fully  funding all  exploration work  on the  JV properties  until delivery of a
feasibility study.
 
The  Company's  flagship  asset  is  the  Red Rabbit project, which contains the
Kiziltepe  and  Tavsan  sectors.   The  project  contains 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.  The Kiziltepe and Tavsan sectors, 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 of the Company stands at 448,000 ounces of gold equivalent.
 
Ariana   also   has   a   strategic   investment  in  Tigris  Resources  Limited
(www.tigrisresources.com),  a private Jersey-based exploration company, which is
focused  on the exploration of copper  and gold deposits in southeastern Turkey.
 Ariana retains 15% of Tigris Resources Limited.
 
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
 
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Source: Ariana Resources plc via Thomson Reuters ONE
 
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