Mariana Resources secures shareholder support for Aegean Metals acquisition

Shareholder Support for 100% Acquisition of Aegean Metals Group Inc with Highly Prospective Gold-Copper-Silver Projects in Turkey and Chile

Mariana Resources Ltd, the AIM quoted exploration and development company focused in South America, has announced that following a meeting of Shareholders of Aegean Metals Group Inc there was overwhelming support for the plan of arrangement pursuant to which, and in accordance with the Business Corporations Act (British Columbia), Mariana will acquire all of the issued and outstanding common shares of Aegean.

The Transaction will see Mariana acquiring four highly prospective gold-copper-silver projects in Turkey and Chile. Two are advanced gold-copper exploration projects, Ergama and Hot Maden, located in the Tethyan Porphyry-Epithermal Belt of Turkey. Ergama and Hot Maden are currently optioned out to strong funding JV partners Teck Resources Ltd and Turkish group Lidya Madencilik, respectively. The other two projects are 100% owned early stage exploration properties in northern Chile’s Region III, Doña Inés and Exploradora East.

Closing of the Arrangement will occur following receipt of regulatory and court approvals together with customary closing deliveries.

Chief Executive Officer, Glen Parsons today commented “I am pleased to announce the overwhelming approval by Aegean shareholder for this exciting transaction which will add four projects to our portfolio, two of which fully funded. This result endorses the support and belief in Mariana’s management and the focussed portfolio diversification strategy of highly prospective assets. The diversification strategy implemented over the last year will hopefully yield much anticipated fruits and initiates Mariana’s forward momentum to deliver maximum value for shareholders.

“Mariana sees immediate benefit, especially with the Aegean Hot Maden Property, in Eastern Turkey, which is currently being drilled and funded by JV partner Lidya Madencilik. I look forward to updating the market with the ongoing results from our portfolio in the near future.”

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