Ariana Regulatory News (AAU)

27 Nov 2006 12:38

Ariana Resources PLC27 November 2006 27 November 2006AIM: AAU HOLDING IN COMPANY Ariana Resources plc ("the Company"), the gold exploration company focusedexclusively on Turkey, announces that it received notification on 24th November2006 from Matthew Grainger, a former director of the Company, that followingrecent share disposals he now holds 1,153,267 shares in the Company,representing 2.46% of the total outstanding 46,957,362 1p Ordinary shares. As aresult he no longer has a notifiable interest in the Company. Contacts: Ariana Resources plcSteven Poulton, Chief Executive Tel: 01235 511 767s.j.poulton@arianaresources.com Mobile: 0797 408 6712 Bankside ConsultantsMichael Padley / Susan Scott Tel: 020 7367 8888 About Ariana Resources Ariana is a dynamic exploration company focused on the discovery of epithermalgold-silver and porphyry copper-gold deposits with multi-million ounce potentialwithin the Tethyan metallogenic belt of Turkey. The Company has a portfolio ofprospective licences covering 1,755km2, selected on the basis of its advancedin-house remote sensing database. The Company's flagship asset is the 235km2 Sindirgi gold project, which targetsa series of prospects, within a prolific mineralised district in western Turkey.The project hosts over 45km of gold-silver bearing epithermal quartz veins. Atwo rig drilling programme is currently focussed on defining resources (incompliance with the JORC code) at the prospects of Kiziltepe and Kepez. Ambrian Partners Limited and King & Shaxson Capital Limited are joint brokers tothe Company and Beaumont Cornish Limited is the Company's nominated adviser. For further information on Ariana you are invited to visit the Company's websiteat www.arianaresources.com. Ends This information is provided by RNS The company news service from the London Stock Exchange