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Press Release

Yorkville Advisors completes £5M equity facility with Ariana Resources Plc

(London, 21st January, 2011) Yorkville Advisors, LLC (Yorkville), the US-based alternative investment manager, is pleased to announce it has entered into a £5 million Standby Equity Distribution Agreement (SEDA) on behalf of one of its funds with Ariana Resources Plc (AIM:AAU), an AIM-listed and PLUS-traded gold exploration and development company focused on Turkey. The deal was advised out of London.

Ariana Resources entered into the SEDA to provide additional financing, when required, to support its exploration programme.

Pioneered 10 years ago by Yorkville, a SEDA offers companies a low risk, cost effective way of optimising their capital structure in pursuit of their growth strategy. Pursuant to the terms of the SEDA, Ariana Resources has the discretion to withdraw funds of up to £5 million in tranches in exchange for the issue of new equity for up to 36 months.

Dr. Kerim Sener, Managing Director of Ariana Resources, stated: “We are very pleased to have established a solid relationship with Yorkville Advisors. With our knowledge of the resources sector in Turkey, we are well positioned to identify and advance new opportunities in the country. The SEDA facility provides us with ready access to funds in a manner that is mutually beneficial to us and to Yorkville. This is particularly relevant now that we are accelerating the joint venture development of our Red Rabbit Project in western Turkey.” 

Brian Kinane, Managing Director, Yorkville Advisors UK, said: “We are pleased to be entering into this deal with Ariana Resources. We have an existing track record with the key executives of Ariana and it was logical to continue that support for Ariana given both the resource opportunity and management strength.”

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About Yorkville Advisors and Yorkville Advisors UK
Yorkville Advisors UK, LLP is a sub-advisor to the US-based alternative investment manager Yorkville Advisors, LLC.

Founded in January 2001 by Mark Angelo, Yorkville specializes in providing flexible, innovative debt and equity investments and financing in publicly listed companies in a variety of sectors including energy, mining, technology media & telecommunication (TMT), healthcare and shipping.

Yorkville tailors its financings according to each company’s need and offers a mix of debt structures, bridge financings, asset backed loans, equity facilities and, in some cases, equity injections.

Yorkville has offices in Jersey City, New Jersey; Jupiter, Florida; Denver, Colorado; London and Hong Kong as well as a joint venture agreement in Milan, Italy.

www.yorkvilleadvisors.com

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, at which point Ariana will retain 20% of the Ardala property and 10% of the Salinbas property.

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 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. 

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 www.arianaresources.com.