5 June 2025

AIM: AAU

COLD-COMMISSIONING UNDERWAY AT TAVSAN

Ariana Resources plc ("Ariana" or "the Company"), the AIM-listed mineral exploration and development company with gold project interests in Africa and Europe, is pleased to announce the cold-commissioning of the processing plant at the Tavsan Mine ("Tavsan" or "the Project") in Türkiye. The Project is operated by Zenit Madencilik San. ve Tic. A.S. ("Zenit"), in partnership with Proccea Construction Co. and Ozaltin Holding A.S., and is 23.5% owned by Ariana.

Highlights:

·    Cold-commissioning of the processing plant at Tavsan has commenced and will be completed in stages through June 2025, following recent connection to grid power.

·    Heap-leach pads are nearing completion, with first ore loading expected from late June; approximately a year of full ore production remains stockpiled ready for loading.

·    Tavsan processing plant is expected to be fully operational from July, with gold production from the heap-leach underway.

·    Auxiliary solar power project was recently approved for a 2,555kW system, final planning and installation of which will commence immediately.

·    Resource and exploration drilling programme ongoing, having completed 3,700m of an up to 15,000m programme and testing the potential for increases in the life of mine.

Dr. Kerim Sener, Managing Director, commented:

"After several months of a monumental effort from the Zenit team and its contractors, the latest developments at Tavsan are exceptional. The connection to grid power remained outstanding until recently, which has now enabled the commissioning of the processing plant to commence. Work on the heap-leach pads, which had been impeded due to inclement weather conditions, has accelerated rapidly since the onset of warmer and somewhat drier conditions from April and is currently on track for completion later in June.

"A notable new development has been the recent approval of a significant solar power project for the mine. This will not only help reduce operational costs over the life of mine but will also contribute to reducing the power demand from the grid, enhancing the environmental credentials of the operation. Even longer term, it will make a sustainable contribution to the development of the area.

"This will be our first heap-leach operation in Türkiye, which, by operating in parallel with the Kiziltepe CIL processing plant, provides Zenit with a large degree of operational flexibility. Our biggest advantage is that Zenit has about a year's worth of ore production ready for loading on the heap-leach pads at grades ranging from 1.2 to 0.7 g/t Au. Accordingly, we look forward to achieving the first gold pour from the Tavsan processing plant this summer."

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 as it forms part of UK Domestic Law by virtue of the European Union (Withdrawal) Act 2018 ("UK MAR").

Figure 1: Main Zone open-pit at the Tavsan Mine, showing the current status of open-pit development. Due to the shallow-dipping nature of the mineralisation, the stripping ratio has not exceeded 2:1 to date. Photograph taken in mid-May 2025.

Figure 2: General site view at Tavsan encompassing the latest status of the crushing and screening, agglomeration, conveyors and Phase 1 heap-leach areas. Photograph taken in mid-May 2025.

Enquiries:

Beaumont Cornish Limited ("Beaumont Cornish") is the Company's Nominated Adviser and is authorised and regulated by the FCA. Beaumont Cornish's responsibilities as the Company's Nominated Adviser, including a responsibility to advise and guide the Company on its responsibilities under the AIM Rules for Companies and AIM Rules for Nominated Advisers, are owed solely to the London Stock Exchange. Beaumont Cornish is not acting for and will not be responsible to any other persons for providing protections afforded to customers of Beaumont Cornish nor for advising them in relation to the proposed arrangements described in this announcement or any matter referred to in it.

About Ariana Resources:

Ariana is an AIM-listed mineral exploration and development company with an exceptional track-record of creating value for its shareholders through its interests in active mining projects and investments in exploration companies. Its current interests include a major gold development project in Zimbabwe, gold production in Türkiye and copper-gold exploration and development projects in Cyprus and Kosovo.

Ariana owns 100% of the Dokwe Gold Project ("Dokwe") in Zimbabwe. Dokwe is made up of the Dokwe North and Dokwe Central gold deposits which are located in the Tsholotsho District near the city of Bulawayo. The deposits have a combined in-pit JORC Measured, Indicated and Inferred Resource of over 1.42 million ounces of gold (as at March 2025) and the project represents the largest undeveloped gold project in Zimbabwe.

The Company holds 23.5% interest in Zenit Madencilik San. ve Tic. A.S. a joint venture with Ozaltin Holding A.S. and Proccea Construction Co. in Türkiye which contains a depleted total of c. 2.2 million ounces gold equivalent (as at March 2024, using a price ratio of 90 Ag to 1 Au). The joint venture comprises the Kiziltepe and Tavsan mines and the Salinbas project.

The Kiziltepe Gold-Silver Mine is located in western Türkiye and contains a depleted JORC Measured, Indicated and Inferred Resource of 171,700 ounces gold and 3.3 million ounces silver (as at March 2024). The mine has been in profitable production since 2017 and has been producing at an average rate of c.22,000 ounces of gold per annum. A Net Smelter Return ("NSR") royalty of 2.5% on production is being paid to Franco-Nevada Corporation.

The Tavsan Gold Mine is located in western Türkiye and contains a JORC Measured, Indicated and Inferred Resource of 311,000 ounces gold and 1.1 million ounces silver (as at March 2024). Following the approval of its Environmental Impact Assessment and associated permitting, Tavsan is being developed as the second gold mining operation in Türkiye and is currently in construction. A NSR royalty of up to 2% on future production is payable to Sandstorm Gold.

The Salinbas Gold Project is located in north-eastern Türkiye and contains a JORC Measured, Indicated and Inferred Resource of 1.5 million ounces of gold (as at July 2020). It is located within the multi-million ounce Artvin Goldfield, which contains the "Hot Gold Corridor" comprising several significant gold- copper projects including the 4 million ounce Hot Maden project, which lies 16km to the south of Salinbas. A NSR royalty of up to 2% on future production is payable to Eldorado Gold Corporation.

Ariana owns 76% of UK-registered Western Tethyan Resources Ltd ("WTR"), which operates across south-eastern Europe and is based in Pristina, Republic of Kosovo. The company is targeting its exploration on major copper-gold deposits across the porphyry-epithermal transition. WTR is being funded through a five-year Alliance Agreement with Newmont Ventures Limited (www.newmont.com) and is separately earning-in to up to 85% of the Slivova Gold Project.

Ariana owns 61% of UK-registered Venus Minerals PLC ("Venus") which is focused on the exploration and development of copper-gold projects in Cyprus, some of which are in application, containing a combined JORC Indicated and Inferred Resource of 16.6Mt @ 0.45% to 0.80% copper (excluding additional gold, silver and zinc).

Ariana owns several investments in listed and private companies via its Australian subsidiary Asgard Metals Pty. Ltd. ("Asgard"), which also provides technical input into the various investee company exploration programmes. Investments have been made in high-value potential, discovery-stage mineral exploration companies located across the Eastern Hemisphere and within easy reach of Ariana's operational hubs in Australia, Türkiye, UK and Zimbabwe. Its most advanced interest is through a 4.1% holding of Panther Metals Limited (ASX: PNT).

Zeus Capital Limited, Fortified Securities and Shaw and Partners are the 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.

Ends.