TIDMMARL 
 
 
 
 
AIM: MARL 
 TSXV: MRA          Granite House, La Grande Rue, 
 26 October 2016    St. Martin, Guernsey GY1 3RS 
                    Channel Islands 
 
 
   Further Exceptional Gold-Copper Intercepts Reported from both Infill and 
Extension Drilling at the Hot Maden Project, North East Turkey. 
 
   Mariana Resources Limited ('Mariana' or 'the Company'), the AIM ("MARL") 
and TSXV ("MRA") listed exploration and development company with 
projects in Turkey, South America, and Ivory Coast, is pleased to 
provide the following update on the ongoing diamond drill program at the 
high grade Hot Maden gold-copper project in north east Turkey. 
 
   Results are reported for a total of 13 infill and extension drill holes 
(HTD-63 to HTD-74 and HTD-76), with drill log data provided for a 
further 7 holes (HTD-75 and HTD-77 to HTD-82) for which assays are 
pending. The infill drilling in the Main Zone resource area has been 
focused on two new section lines (4,542,225N and 4,542,125N), and forms 
part of a program designed to uniformally reduce drill hole spacings to 
25m x 25m and to provide detailed geotechnical data for mine development 
studies. New resource drilling focused on both the "Ridge" area 
(southern limit of the Main Zone resource) and the southern veinfield 
discovery (Figures 1 & 2). 
 
   Highlights: 
 
 
   -- The highest grade gold-copper (Au-Cu) intercept to date from Hot Maden 
      has been returned from initial drilling along two new infill cross 
      sections (4,542,125N and 4,542,225N; Figures 3 & 4). This infill drilling 
      also successfully continues to confirm the internal continuity of 
      gold-copper mineralisation within the Main Zone resource area. Best 
      results include: 
 
   Infill Section 4,542,125N 
 
   HTD-71:                69.6 m @ 62.7 g/t Au + 2.68% Cu from 210m 
downhole. 
 
   This mineralised zone includes the following subintervals: 
 
   210-217m: 7m @ 526 g/t Au + 3.28% Cu ("Ultra high grade zone") 
 
   217-231m: 14m @ 27.7 g/t Au + 3.38% Cu ("High grade zone") 
 
   231-279.6m: 48.6m @ 1.7 g/t Au + 2.39% ("Low grade zone") 
 
   Infill Section 4,542,225N 
 
   HTD-70:                63m @ 8.3 g/t Au + 1.65% Cu from 218m downhole. 
 
   Including 5m @ 35.6 g/t Au + 1.46% Cu from 225m downhole. 
 
   HTD-72:                34.5m @ 19.4 g/t Au + 1.31% Cu from 180.5m 
downhole. 
 
   Including 3.0m @ 54.4 g/t Au + 1.30% Cu from 192m downhole. 
 
   HTD-77:                Step forward hole to HTD-72 which intersected 
43.5m of massive sulphide mineralisation from 96.0m downhole and 41.5m 
of multiphase suphide-bearing breccia from 139.5m downhole. Assays are 
pending. 
 
 
   -- The potential for the discovery of a deep (>250m), possibly fault offset 
      block of Main Zone-type mineralisation beneath the "Ridge" area (southern 
      limit of the Main Zone resource; Figure 5) has increased with the 
      successful intersection of high grade gold(-copper) mineralisation at 
      depth in two holes, HTD-69 and HTD-76. Host rocks to this mineralization 
      are brecciated andesites - similar to the host rocks in the Main Zone 
      resource - which lie immediately to the east of the dominant dacitic 
      breccias.  Key results returned include: 
 
 
   HTD-69:                7m @ 19.7 g/t Au + 2.1% Cu from 351m downhole. 
 
   HTD-76:                33m @ 1.4 g/t Au + 0.99% Cu from 357m downhole, 
and 
 
   11m @ 6.1 g/t Au + 0.97% Cu from 443m downhole. 
 
 
   -- Further encouraging assays continue to be returned from discovery 
      drilling in the southern veinfield. Highlights include: 2m @ 29.2 g/t Au 
      + 0.40% Cu in HTD-73  (110-112m), 1m @ 13.8 g/t Au + 0.90% Cu and 15.5m @ 
      4.6 g/t Au + 0.42% Cu in HTD-63 (13-14m and 78-93.5m, respectively), and 
      7.5m @ 4.6 g/t Au in HTD-66 (115-122.5m). 
 
 
   * Note - all intersections quoted are as metres downhole. 
 
   Links to Figures: 
 
   http://media.wix.com/ugd/24ee23_ddd13ed751ef489a9a524ae26043eaa0.pdf 
 
   Chief Executive Officer, Glen Parsons, today commented: 
 
   "Exceptionally positive results continue to be generated from the 
ongoing drilling at Hot Maden. 
 
   "Infill drilling in the Main Zone has once again delivered Hot Maden's 
best hole to date, with the significant bonanza grades in HTD-71 of 69.6 
m @ 62.7 g/t Au + 2.68% Cu from 210m downhole, including an impressive 
initial 7m at 526 g/t Au and 3.28% Cu, which  further highlights the 
continuity of the ultra high grade gold-copper zone.  These infill holes 
are effectively spaced on 25 m centres and have been designed to both 
increase confidence in the reported mineral resource estimate, as well 
as for the acquisition of geotechnical data for the ongoing mine 
development studies. 
 
   "Encouragingly, drilling at the current southern limit of the Main Zone 
resource area has also intercepted what appears to be either a deep 
extension or an offset to the Main Zone. The importance of this 
discovery is that we now see the potential to extend the Main Zone 
mineral resource to the south. 
 
   "Further exploration drilling in the Southern Discovery Zone, located 
immediately to the north of the Old Russian Mining Zone, has also 
delivered strong mineralisation from sulphide quartz veins and breccias 
which will ultimately add to the current initial inferred resource for 
this area. Exploration drilling successfully continues to work closer to, 
and into, the known mineralised Russian Zone further to the south. 
 
   "Technical studies related to mine development are ongoing, and the work 
completed will be incorporated into both the Preliminary Economic 
Assessment ("PEA") and Pre-Feasibility Studies ("PFS") accordingly. 
 
   "I look forward to updating the market on the anticipated PEA results 
which are now expected around the end of November, along with the 
further pending assays and ongoing drilling activities." 
 
   Hot Maden Gold-Copper Project Update 
 
   Recent drilling activities at the Hot Maden project have dominantly 
focused on: 
 
 
   -- Drilling on 25m centres along two infill drill sections, 4,542,125N and 
      4,542,225N; 
 
 
   -- Deeper "step out" drilling to the east in the so-called "Ridge" area, 
      which is located at the current southern limit of the Main Zone resource; 
 
 
   -- Scout drilling of the Southern Vein Field (the northern extension of the 
      area mined by Russian interests pre-1923). No significant work has yet 
      been undertaken in the area of the former Russian Mining Zone. 
 
 
   Main Resource Area - Infill Drilling 
 
   Drilling commenced on 25-m centres along two infill cross sections, 
4,542,125N and 4,542,225N, within the Main Zone resource area, with the 
program being designed to confirm the internal continuity of the high 
grade gold-copper mineralisation. On section 4,542,125N (Figure 4), 
exceptionally high grade gold-copper mineralisation was intersected in 
hole HTD-71 (69.6 m @ 62.7 g/t Au + 2.68% Cu from 210m downhole), with 
the "Ultra high grade" and "High grade" zones along the eastern margin 
of the mineralised zone returning impressive values of 7m @ 526 g/t Au + 
3.28% Cu and 14m @ 3.38% Cu, respectively. Mineralisation is hosted 
within multiphase, chalcopyrite-pyrite-hematite-jasper-bearing breccias. 
A step-back hole to HTD-71 (HTD-82) has also just been completed and has 
also intersected significant intervals of multiphase, sulphide-bearing 
breccia; however, results are pending. 
 
   Four drill holes were also completed along infill section 4,542,225N 
(Figure 3), with results having been received for two of these holes, 
63m @ 8.3 g/t Au + 1.65% Cu from 218m downhole in HTD-70, and 34.5m @ 
19.4 g/t Au + 1.31% Cu from 180.5m downhole in HTD-72. The high grade 
gold-copper mineralisation is associated with multiphase, 
chalcopyrite-pyrite-hematite-jasper-bearing breccias. A step-forward 
hole (HTD-77) successfully intersected both 43.5m of massive sulphide 
(pyrite-chalcopyrite from 96m downhole) and 41.5m of multiphase 
sulphide-bearing breccia (from 139.5m downhole), whilst the step back 
hole to HTD-70 (HTD-75) also intersected significant intervals of 
multiphase, sulphide bearing breccia; results for both of these holes 
are pending. 
 
   Main Resource Area - Extension Drilling ("Ridge" Area) 
 
   Two new drill holes were completed in the "Ridge" area, located at the 
southern limit of the Main Zone resource; Figure 5), and successfullly 
intersected high grade gold(-copper) mineralisation at depth in 
brecciated andesites that lie immediately to the east of the dominant 
dacitic breccias. Significant results include:  7m @ 19.7 g/t Au + 2.1% 
Cu from 351m downhole in HTD-69, and 33m @ 1.4 g/t Au + 0.99% Cu from 
357m downhole and 11m @ 6.1 g/t Au + 0.97% Cu from 443m downhole in 
HTD-76. The high grade mineralisation in both HTD-69 and HTD-76 is 
andesite-hosted and is associated with multiphase, sulphide-bearing 
breccias (similar to that of the Main Zone resource), and thereby 
differs greatly from the shallow, dacite-hosted mineralisation drilled 
to date in the Ridge area. These intercepts have raised the possibility 
of encountering a block of fault offset, Main Zone-type mineralisation 
to the east of the existing drilling, and this hypothesis will be tested 
as a priority in future drilling. 
 
   Sourthern Vein Field /HTD 27 Area 
 
   Scout drilling continues in the Southern target area (the northern 
extension of the area mined by Russian interests prior to 1923) with 
encouraging values continuing to be returned from quartz-sulphide 
veinlet/breccia zones hosted in dacitic breccias and volcanic rocks. 
Highlights from the current drilling include: 2m @ 29.2 g/t Au + 0.40% 
Cu in HTD-73 (110-112m), 1m @ 13.8 g/t Au + 0.90% Cu and 15.5m @ 4.6 g/t 
Au + 0.42% Cu in HTD-63 (13-14m and 78-93.5m, respectively), and 7.5m @ 
4.6 g/t Au in HTD-66 (115-122.5m). 
 
   Assays results from the current reporting period were delayed as a 
result of the detailed geotechnical logging of holes required for the 
Hot Maden development (PEA and PFS) studies. Exploration activities were 

also temporarily suspended during the periods July 1-11 and September 
9-19 in observance of the national Ramadan and Bayram holidays. 
 
   Table 1: Summary of assays for drill holes HTD-63 to HTD-74 and HTD-76, 
plus sulphide-bearing intercepts in drill holes HTD-75 and HTD-77 to 
HTD-82 (Cross Sections listed from North to South) 
 
 
 
 
            From    To    Intercept   Au 
Drill Hole   (m)    (m)      (m)      g/t   Cu %  Zn %           Comments 
 
Cross 
Section     4,542,275N (Main Zone)                               Figure 2 
 
  HTD-68     14.0   19.0        5.0      -     -  1.41                   Zinc Zone 
             42.0   50.0        8.0      -     -  2.27 
             92.0  112.0       20.0    0.4     -  1.07 
 
 
Cross 
Section      4,542,225N (Main Zone)                                   Figures 2, 3 
 
  HTD-70     28.0   30.0        2.0      -     -  7.90                   Zinc Zone 
             74.6   78.0        3.4      -     -  2.65 
            132.0  141.0        9.0      -     -  1.70 
            169.5  171.0        1.5      -     -  3.37 
            181.0  183.0        2.0      -     -  2.40 
            211.0  218.0        7.0    0.9  1.49     -                  Au-Cu Zone 
            218.0  281.0       63.0    8.3  1.65     - 
Including   225.0  230.0        5.0   35.6  1.46     - 
 
  HTD-72    132.5  148.0       15.5    0.8  0.99     -                  Au-Cu Zone 
            180.5  215.0       34.5   19.4  1.31     - 
Including   192.0  195.0        3.0   54.4  1.30     - 
 
                                                               Multiphase sulphide 
  HTD-75    279.0  298.0       19.0            Pending                    breccias 
            312.0  318.0        6.0 
            331.0  336.0        5.0 
            350.0  375.0       25.0 
            387.0  417.0       30.0 
 
  HTD-77     96.0  139.5       43.5            Pending           Massive sulphides 
                                                               Multiphase sulphide 
            139.5  181.0       41.5                                       breccias 
 
 
Cross 
Sections         4,542,175N and 4,542,200N (Main Zone)                    Figure 2 
 
                                                              Geotechnical hole at 
  HTD-65    330.5  417.0       86.5    3.4  1.44     -                      HTD-29 
Including   373.0  374.0        1.0   40.2  1.83     - 
   and      411.0  414.0        3.0   38.9  0.88 
 
                                                               Multiphase sulphide 
  HTD-78    296.0  318.0       22.0            Pending                    breccias 
 
 
Cross 
Section      4,542,125N (Main Zone)                                    Figure 2, 4 
 
  HTD-71     95.0   98.4        3.4      -     -  2.01                   Zinc Zone 
            142.0  146.0        4.0      -     -  2.30 
            162.5  172.5       10.0      -     -  3.47 
            210.0  279.6       69.6   62.7  2.68     -                  Au-Cu Zone 
Including   210.0  217.0        7.0  526.0  3.28     - 
            217.0  231.0       14.0   27.7  3.38     - 
            231.0  279.6       48.6    1.7  2.39     - 
 
                                                                Multiphase sulfide 
  HTD-82    267.6  297.0       30.0            Pending                    breccias 
            316.0  354.5       38.5 
 
 
Cross 
Sections         4,542,000N and 4,542,050N (Ridge Aea)                Figures 2, 5 
 
  HTD-69     83.4   86.0        2.6      -  1.40     -         Step back to HTD-56 
            138.0  140.0        2.0      -  3.60     - 
            333.0  340.0        7.0   19.7   2.1     -                  Au-Cu Zone 
            344.0  347.0        3.0    3.2  1.60     - 
            351.0  365.0       14.0    1.1  1.08     - 
            373.2  377.0        3.8    4.5  1.22     - 
            379.0  383.5        4.5    1.5     -     - 
 
  HTD-76    357.0  390.0       33.0    1.4  0.99     -                  Au-Cu Zone 
            443.0  454.0       11.0    6.1  0.97     - 
 
  HTD-80    177.0  214.0       37.0            Pending   Quartz vein zone (dacite) 
 
 
 
Cross         4,541,850N and 4,541,900N (Southern Vein 
Sections                                        Field)                    Figure 2 
 
                                                               Step back to HTD-58 
  HTD-64     18.0   20.0        2.0    6.8  0.18     -   Quartz vein zone (dacite) 
            182.0  183.0        1.0    6.0  0.52     - 
            218.0  219.3        1.3    3.0  0.20     - 
            337.0  338.0        1.0    5.3  0.27     - 
            378.0  379.0        1.0    8.1  1.25     - 
 
  HTD-79    139.0  148.0        9.0            Pending   Quartz vein zone (dacite) 
            184.0  198.0       14.0 
 
 
Cross        4,541,700N and 4,541,750N (Southern 
Sections                             Vein Field)              Figure 2 
 
  HTD-63     13.0   14.0        1.0   13.8  0.90     -   Quartz vein zone (dacite) 
             24.0   25.0        1.0    3.9  2.38     - 
             78.0   93.5       15.5    4.6  0.42     - 
            174.5  224.0       49.5   0.46     -  2.93                   Zinc Zone 
 
                                                               Step back to HTD-63 
  HTD-66     26.0   27.5        1.5    3.1  0.13     -   Quartz vein zone (dacite) 
             60.0   64.0        4.0    4.0  0.12     - 
            111.0  112.0        1.0    3.8  0.23     - 
            115.0  122.5        7.5    4.6     -     - 
            124.0  125.5        1.5    3.6     -     - 
            133.0  137.5        4.5    2.3  0.20     - 
 
                                                            Step forward to HTD-63 
  HTD-67     35.0   50.0       15.0      -     -  4.04                   Zinc Zone 
 
                                                               Step back to HTD-66 
  HTD-73     90.0   92.0        2.0    2.0  0.30     -                Quartz veins 
            110.0  112.0        2.0   29.2  0.40     - 
            130.0  136.0        6.0    2.4     -     - 
 
                                                               Step back to HTD-53 
  HTD-81     4.50  106.0                       Pending   Quartz vein zone (dacite) 
            174.0  210.0 
            240.0  252.0 
            269.0  286.0 
 
 
Cross          4,541,100N (Southern 
Section                 Vein Field) 
 
  HTD-74     81.0   84.0        3.0      -     -  2.10                   Zinc Zone 
 
 
 
   Quality Control and Assurance 
 
   Mineralised intervals presented in Table 1 are drill intersection widths 
and may not represent true widths of mineralisation. Drill core obtained 
from the diamond drill program was dominantly HQ-sized core with the 
remainder being PQ-sized core. All drill core was photographed and quick 
logged prior to sampling. Standard sampling protocol involved the 
halving of all drill core and sampling over generally 1m intervals (in 
clearly mineralised sections) or 2 m intervals (elsewhere), with one 
half of the core being placed in a sealed sample bag and dispatched to 
the analytical laboratory for analysis. Samples have been analysed at 
ALS Laboratories' facility in Izmir, western Turkey. All samples have 
been analysed for gold using a 30g Fire Assay with AAS finish (or Screen 
Fire Assay for higher grade samples), in addition to a 32 element 
ICP-AES analysis of an aqua regia digest.  Samples in which ICP analyses 
returned greater than the maximum detection limit for the elements Ag 
(10 ppm), Cu (10,000 ppm), Fe (15%), Pb (10,000 ppm), and Zn (10,000 
ppm) were reanalysed using the AAS analytical technique, Standards and 
blanks were inserted in to the analytical sequence on the basis of one 
standard for every 20 samples, 2 blanks in every batch, and one 
duplicate every 40 samples. 
 
   Health, Safety, and Environment (HSE) 
 
   No HSE incidents have been reported during the current diamond drill 
program. 
 
   Hot Maden drill holes - technical data 
 
   Technical data relating to Hot Maden drill holes HTD-63 to HTD-82 are 
given in the following tables. 
 
   Main Resource Area - Extension and Infill Drilling 
 
 
 
 
                                 Elevation              Dip      Depth 
Hole ID   Easting    Northing       (m)     Azimuth   (degrees)   (m)    Assays 
HTD-65   740,423.8  4,542,210.5      847.8      090         -55    417  Complete 
HTD-68   740,577.4  4,542,270.5      874.2      090         -60    250  Complete 
HTD-69   740,456.1  4,542,056.1      904.4      085         -60    417  Complete 
HTD-70   740,766.4  4,542,217.8      873.8      270         -60    354  Complete 
HTD-71   740,767.1  4,542,123.3      866.2      270         -55  317.5  Complete 
HTD-72   740,768.8  4,542,216.7      874.0      272         -47    261  Complete 
HTD-75   740,789.8  4,542,216.8      876.4      270         -68    498   Pending 
HTD-76   740,414.6  4,542,048.9      877.5      085         -60    492  Complete 
HTD-77   740,765.5  4,542,218.6      873.9      270         -33    195   Pending 
HTD-78   740,788.7  4,542,175.5      874.1      270         -68    549   Pending 
HTD-80   740,455.8  4,542,002.8      901.1      090         -60    400   Pending 
HTD-82   740,804.1  4,542,118.2      869.3      272         -57    387   Pending 
 
 
   Southern Discovery / Southern Vein Field 
 
 
 
 
                                 Elevation              Dip      Depth 
Hole ID   Easting    Northing       (m)     Azimuth   (degrees)   (m)    Assays 
HTD-63   740,546.7  4,541,696.8      898.8      090         -73  283.4  Complete 
HTD-64   740,428.3  4,541,871.2      898.3      090         -68  445.5  Complete 
HTD-66   740,494.1  4,541,701.9      910.2      090         -70    459  Complete 
HTD-67   740,593.5  4,541,706.0      893.0      090         -70    141  Complete 
HTD-73   740,425.6  4,541,698.6      915.6      090         -63    288  Complete 
HTD-74   740,396.9  4,541,098.4    1,084.9      090         -60    303  Complete 
HTD-79   740,456.2  4,541,900.1      915.6      090         -60    399   Pending 

HTD-81   740,452.9  4,541,750.3      881.0      090         -55  397.5   Pending 
 
   **ENDS** 
 
   Qualified Person 
 
 
   The technical and scientific information contained in this news release 
has been reviewed and approved for release by Eric Roth, the Company's 
Qualified Person as defined by National Instrument 43-101. Mr Roth is 
the Company's Chief Operating Officer and Executive Director and holds a 
Ph.D. in Economic Geology from the University of Western Australia, is a 
Fellow of the Australian Institute of Mining and Metallurgy (AusIMM), 
and is a Fellow of the Society of Economic Geologists (SEG).  Mr Roth 
has 25 years of experience in international minerals exploration and 
mining project evaluation. 
 
   For further information please visit website at www.marianaresources.com 
or contact the following. 
 
 
 
 
 
Glen Parsons (CEO)   Mariana Resources Ltd               +61 2 9437 4588 
Eric Roth (COO)      Mariana Resources Ltd               +56 9 8818 1243 
Karen Davies (IR)    Mariana Resources Ltd (Canada)      +1 604 314 6270 
Rob Adamson          RFC Ambrian Limited (Nomad)         +61 2 9250 0041 
Will Souter          RFC Ambrian Limited (Nomad)         +61 2 9250 0050 
In U.K. 
Oliver Stansfield    Brandon Hill Capital (UK Broker)   +44 20 3463 5061 
Jonathan Evans       Brandon Hill Capital (UK Broker)   +44 20 3463 5016 
Camilla Horsfall     Blytheweigh (Financial PR)         +44 20 7138 3224 
Megan Ray            Blytheweigh (Financial PR)         +44 20 7138 3203 
 
   About Mariana Resources 
 
   Mariana Resources Ltd is an AIM (MARL) and TSXV (MRA) quoted exploration 
and development company with an extensive portfolio of gold, silver and 
copper projects in South America and Turkey. 
 
   Mariana's most advanced asset is the Hot Maden gold-copper project in 
north east Turkey, which is a joint venture with its Turkish JV partner 
Lidya (30% Mariana and 70% Lidya) and rapidly advancing to development. 
An updated mineral resource estimate (detailed table below) of 3.43 Moz 
gold Equivalent (Indicated Category) and 0.09 Moz gold Equivalent 
(Inferred Category) (100% basis) in the main resource zone as well as a 
maiden 351,000 Moz gold Equivalent (Inferred Category) (100% basis) in 
the new southern discovery zone was reported for Hot Maden on July 25, 
2015. Elsewhere in Turkey, Mariana holds a 100% interest in the Ergama 
gold-copper project. 
 
   In southern Argentina, the Company's core gold-silver projects are Las 
Calandrias (100%), Sierra Blanca (100%), Los Cisnes (100%), Bozal 
(100%). These projects are part of a 160,000+ Ha land package in the 
Deseado Massif epithermal gold-silver district in mining-friendly Santa 
Cruz Province. 
 
   In Suriname, Mariana has a direct holding of 10.2% of the Nassau Gold 
project. The Nassau Gold Project is a 28,000 Ha exploration concession 
located approximately 125 km south east of the capital Paramaribo and 
immediately adjacent to Newmont Mining's 4.2Moz gold Merian project. 
 
   In Peru and Chile, Mariana is focusing on acquiring new opportunities 
which complement its current portfolio. 
 
 
 
 
            Hot Maden Mineral Resource Estimate - Main Gold-Copper 
                           Zone (2 g/t AuEq Cut-off) 
                                Indicated Mineral Resource 
   Domain      Tonnes     Au   Cu    Zn   AuEq     Au        Cu       AuEq 
                  t      g/t    %    %    g/t*   Ounces    Tonnes   Ounces** 
Main Zone LG   463,000    1.1  1.1   0.3   2.4     17,000    5,000     36,000 
Main Zone HG  4,501,000   3.9  1.9   0.2   6.3    570,000   87,000    908,000 
 Main Zone 
     UHG      2,086,000  32.7  3.5   0.1  36.9  2,195,000   73,000  2,476,000 
   Mixed 
  Gold-Zinc    17,000     7.5  3.1   3.6  11.2      4,000    1,000      6,000 
 Peripheral 
    Lodes      60,000     2.1  0.4   0.4   2.5      4,000               5,000 
   Total      7,127,000  12.2  2.3   0.2  15.0  2,790,000  166,000  3,431,000 
 
                                 Inferred Mineral Resource 
   Domain      Tonnes      Au   Cu    Zn  AuEq         Au       Cu       AuEq 
                  t       g/t    %%       g/t*     Ounces   Tonnes   Ounces** 
Main Zone LG   395,000    1.7  0.9  0.03   2.8     21,000    4,000     35,000 
Main Zone HG   31,000     3.9  1.6   0.1   5.8      4,000               6,000 
 Main Zone 
     UHG        6,000    39.1  2.1  0.01  41.6      7,000               8,000 
   Mixed 
  Gold-Zinc     4,000     1.7  0.4   2.4   2.2 
 Peripheral 
    Lodes      282,000    3.2  0.9   0.1   4.3     29,000    2,000     38,000 
   Total       718,000    2.7  0.9   0.1   3.8     62,000    7,000     88,000 
 
               Hot Maden - Southern Gold-Copper Zone (2 g/t AuEq 
                                    Cut-off) 
                                 Inferred Mineral Resource 
   Domain      Tonnes      Au   Cu    Zn  AuEq         Au       Cu       AuEq 
                  t       g/t    %%       g/t*     Ounces   Tonnes   Ounces** 
 South Zone 
     LG        396,000    2.8  0.7   0.0   3.6     35,000    3,000     46,000 
 South Zone 
     HG        583,000    5.3  0.7   0.0   6.1     98,000    4,000    114,000 
 Main Zone 
     UHG       224,000   22.2  1.0   0.0  23.4    160,000    2,000    169,000 
   Mixed 
  Gold-Zinc    44,000     9.0  1.0   3.2  10.2     13,000              15,000 
 Peripheral 
    Lodes      104,000    1.9  0.3   0.0   2.2      6,000               7,000 
   Total      1,352,000   7.2  0.7   0.1   8.1    313,000   10,000    351,000 
 
 
   *Au Equivalence (AuEq) calculated using a 100 day moving average of 
$US1,215/ounce for Au and $US2.13/pound for Cu as of May 29, 2016. No 
adjustment has been made for metallurgical recovery or net smelter 
return as these remain uncertain at this time. Based on grades and 
contained metal for Au and Cu, it is assumed that both commodities have 
reasonable potential to be economically extractable. 
 
 
   1. *-The formula used for Au equivalent grade is: AuEq g/t = Au + [(Cu % x 
      22.0462 x 2.13)/(1215/31.1035)] and assumes 100 % metallurgical recovery. 
 
   2. **-Au equivalent ounces are calculated by mulitplying Mineral Resource 
      tonnage by Au equivalent grade and converting for ounces. The formula 
      used for Au equivalent ounces is: AuEq Oz = [Tonnage x AuEq grade 
      (g/t)]/31.1035 
 
   Safe Harbour 
 
   This press release contains certain statements which may be deemed to be 
forward-looking statements.  These forward-looking statements are made 
as at the date of this press release and include, without limitation, 
statements regarding discussions of future plans, the realization, cost, 
timing and extent of mineral resource estimates, estimated future 
exploration expenditures, costs and timing of the development of new 
deposits, success of exploration activities, permitting time lines, and 
requirements for additional capital.  The words "plans", "expects", 
"budget", "scheduled", "estimate", "forecasts", "intend", "anticipate", 
"believe", "may", "will", or similar expressions or variations of such 
words are intended to identify forward-looking statements. 
Forward-looking statements are subject to known and unknown risks, 
uncertainties, assumptions and other factors that may cause actual 
results to vary materially from those expressed or implied by such 
forward-looking statements, including, but not limited to: the effects 
of general economic conditions; the price of gold, silver and copper; 
misjudgements in the course of preparing forward-looking statements; 
risks associated with international operations; the need for additional 
financing; risks inherent in exploration results; conclusions of 
economic evaluations; changes in project parameters; currency and 
commodity price fluctuations; title matters; environmental liability 
claims; unanticipated operational risks; accidents, labour disputes and 
other risks of the mining industry; delays in obtaining governmental 
approvals or in the completion of development or construction 
activities; political risk; and other risks and uncertainties described 
in the Company's annual financial statements for the most recently 
completed financial year which is available on the Company's website at 
www.marianaresources.com .  Although we believe that the expectations 
reflected in such forward-looking statements are based upon reasonable 
assumptions and have attempted to identify important factors that could 
cause actual results to differ materially from those contained in 
forward-looking statements, there may be other factors that cause 
results not to be as anticipated, estimated or intended.  There can be 
no assurance that such statements will prove to be accurate, as actual 
results and future events could differ materially from those anticipated 
in such forward-looking statements.  Accordingly, readers are cautioned 
not to place undue reliance on forward-looking statements.  We do not 
undertake to update any forward-looking statements, except in accordance 
with applicable securities laws. 
 
   Neither the TSX Venture Exchange nor its Regulation Services Provider 
(as that term is defined in the policies of the TSX Venture Exchange) 
accepts responsibility for the adequacy or accuracy of this release. 
 
   This announcement is distributed by Nasdaq Corporate Solutions on behalf 
of Nasdaq 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: Mariana Resources Ltd via Globenewswire 
 
 
  http://www.marianaresources.com/index.php 
 

(END) Dow Jones Newswires

October 26, 2016 02:01 ET (06:01 GMT)