Moneyextra Sharedealing

5 February 2010
AIM / PLUS Markets: AAU

                             CONVERSION OF WARRANTS

Ariana  Resources  plc  ("Ariana"  or  "the  Company"), the gold exploration and
development company focused on Turkey, announces the issue, today, of 32,530 new
Ordinary  Shares  of  1p per  share  ("Ordinary  Shares")  at  a price of 3p per
Ordinary  Share as  a result  of the  exercise of  warrants issued following the
Special Resolution passed at the Annual General Meeting ("AGM") on the 29th June
2009.

Application  will be  made to  the London  Stock Exchange  for the  new Ordinary
Shares  to be admitted to trading on AIM.  It is anticipated that Admission will
become  effective and dealings  will commence on  or around 12th February 2010.
 The  new  Ordinary  Shares  will  rank  pari  passu,  in all respects, with the
existing  Ordinary Shares  that are  currently in  issue and  are traded on AIM.
 Following  admission of these shares, and  the placing shares as announced this
morning, there will be a total of 171,103,194 Ordinary Shares in issue.


Contacts:


  Ariana Resources plc                 Tel: 020 7407 3616

  Michael Spriggs, Chairman

  Kerim Sener, Managing Director



  Beaumont Cornish Limited             Tel: 020 7628 3396

  Roland Cornish



  Alexander David Securities Limited   Tel: 020 7448 9820

  Nick Bealer / David Scott



  Loeb Aron & Company Ltd              Tel: 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  distanceof 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

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.

Ends





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