TIDMAAU 
 
   1 July 2015 
 
   AIM: AAU 
 
   FURTHER INVESTMENT BY METAL TIGER 
 
   Ariana Resources plc ("Ariana" or "the Company"), the Anglo-Turkish gold 
exploration and development company focused on Turkey is pleased to 
announce that through its strategic investment agreement with Metal 
Tiger plc (LON:MTR) ("Metal Tiger"), Metal Tiger yesterday exercised its 
final option to invest an additional GBP75,000 for shares with attaching 
warrants in Ariana. 
 
   Highlights: 
 
 
   -- On 30 June 2015 Metal Tiger exercised its option to invest an additional 
      GBP75,000 in Ariana Resources plc at 0.9p per share to acquire a further 
      8,333,333 shares; 
 
 
   -- Metal Tiger is to receive 8,333,333 warrants to subscribe for new 
      ordinary shares in Ariana Resources plc at 1.8p per share with a three 
      year exercise period; 
 
 
   -- This additional tranche brings the total Metal Tiger 2015 investment in 
      Ariana Resources to GBP250,000, to date. 
 
 
 
   Application will be made to the London Stock Exchange for the 8,333,333 
new ordinary shares, which will rank pari passu with all existing 
ordinary shares, to be admitted to trading on AIM ("Admission"). 
Admission is expected to take place on or around 7 July 2015. 
 
   Kerim Sener, Ariana Resource's Managing Director commented: 
 
   "We are delighted that Metal Tiger has exercised its option to acquire 
the final GBP75,000 tranche of Ariana shares, as relating to the 
original agreements between the companies and announced to market in 
February and April 2015. 
 
   "Ariana is now extremely well positioned with a fully funded 
construction phase due to commence shortly for the gold production plant 
at the Red Rabbit project and with significant project exploration 
opportunities across the Company's wide project base in Turkey. 
 
   "Furthermore following receipt of the scoping study for Salinbas we have 
a number of third parties who have expressed an interest in the project 
and with whom we are engaged in ongoing discussions. 
 
   "In overview this additional Metal Tiger investment comes at a time when 
the Company is working extremely hard to create an exciting future and 
deliver value to shareholders.  We look forward to announcing further 
updates to shareholders as our work progresses." 
 
   Metal Tiger Investment in Ariana Resources - Summary 
 
   5 February 2015 
 
   Metal Tiger previously announced a Direct Equity Subscription into 
Ariana Resources plc of GBP75,000 at 0.9p per share amounting to a 
purchase of 8,333,333 new ordinary shares in Ariana. 
 
   As part of this investment Metal Tiger received 8,333,333 warrants to 
subscribe for new ordinary shares in Ariana Resources plc at 1.8 per 
share with an exercise period of 3 years from the subscription date. 
Should Ariana dispose of the Salinbas/Ardala project interest for in 
excess of $15million, the exercise price of any unexercised warrants 
from this warrant tranche will increase by 50% to 2.7p per share. 
 
   7 April 2015 
 
   Metal Tiger announced a further Direct Equity Subscription into Ariana 
Resources plc of GBP100,000 at 0.9p per share amounting to a purchase of 
11,111,111 new ordinary shares in Ariana. 
 
   As part of this investment Metal Tiger received 11,111,111 warrants to 
subscribe for new ordinary shares in Ariana Resources plc fixed at 1.8p 
per share with an exercise period of 3 years from the subscription date. 
 
 
   30 June 2015 
 
   Metal Tiger exercised an option to invest a further GBP75,000 in Ariana 
Resources through a Direct Equity subscription at 0.9p per share 
amounting to a purchase of 8,333,333 new ordinary shares in Ariana. 
 
   As part of this investment Metal Tiger will receive 8,333,333 warrants 
to subscribe for new ordinary shares in Ariana Resources plc at 1.8p per 
share with an exercise period of 3 years from the subscription date. 
Should Ariana dispose of the Salinbas/Ardala project interest for in 
excess of $15million, the exercise price of any unexercised warrants 
from this warrant tranche will increase by 50% to 2.7p per share. 
 
   Overall Summary 
 
   In three tranches during 2015 Metal Tiger has therefore invested a total 
of GBP250,000 to acquire 27,777,777 shares in Ariana Resources at a 
price of 0.9p per share. 
 
   In addition Metal Tiger currently holds 27,777,777 warrants in Ariana 
Resources.  11,111,111 of which are exercisable at 1.8p each.  The 
balance of 16,666,666 warrants are exercisable at an exercise price of 
1.8p and In the event that Ariana confirms via an AIM announcement that 
they have sold their interest in the Salinbas/Ardala project for cash or 
share consideration in excess of $15million, the price of any 
un-exercised warrants of the 16,666,666 will increase by 50% to an 
exercise price of 2.7p per share. 
 
   Collaboration 
 
   As announced on 5 February 2015, Metal Tiger and Ariana have agreed to 
collaborate to identify and consider new resource opportunities in 
Turkey where both parties may be able to participate.  Most notably both 
companies are keen to consider new opportunities that may arise in 
respect of fresh licence auctions taking place in Turkey and the 
companies are in regular communication in relation to this. 
 
   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 Partners Ltd                   Tel: +44 (0) 20 7236 1177 
Lottie Brocklehurst / Felicity Winkles 
 
 
 
   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 
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 
which 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. 
 
   Ends 
 
   This announcement is distributed by NASDAQ OMX Corporate Solutions on 
behalf of NASDAQ OMX Corporate Solutions clients. 
 
   The issuer of this announcement warrants that they are solely 
responsible for the content, accuracy and originality of the information 
contained therein. 
 
   Source: Ariana Resources plc via Globenewswire 
 
   HUG#1933429 
 
 
  http://www.arianaresources.com/s/Home.asp