Mariana Resources Ltd : Issue of Equity Warrant and Option Exercise

AIM: MARL
TSXV: MARL



13 February 2017

Granite House, La Grande Rue,
St. Martin, Guernsey ,GY1 3RS
Channel Islands

Issue of Equity- Warrant and Option Exercise

Mariana Resources Ltd ("Mariana" or the "Company"), the AIM ("MARL") and TSXV ("MARL") listed exploration and development company with projects in Turkey, Côte d`Ivoire and South America, announces that the following warrants and options have been exercised into ordinary shares with funds received.

  • 168,807 Warrants exercised at GBP0.25

  • 7,500 Options exercised at GBP0.60

The Company will issue and allot 176,307 new ordinary shares.

Admission to AIM

Application has been made to the London Stock Exchange for the new ordinary shares to be admitted to trading on AIM and the TSXV. Dealings are expected to commence on or about 17 February 2017 ("Admission").

Following Admission, there will be a total of 124,602,040 ordinary shares on issue.

**ENDS**

For further information please visit website at www.marianaresources.com or contact the following.

Glen Parsons (CEO)

Mariana Resources Ltd

+61 2 9437 4588

Eric Roth (COO)

Mariana Resources Ltd

+56 9 8818 1243

Karen Davies (IR)

Mariana Resources Ltd (Canada)

+1 604 314 6270

Rob Adamson

RFC Ambrian Limited (Nomad)

+61 2 9250 0041

Will Souter

RFC Ambrian Limited (Nomad)

+61 2 9250 0050



In U.K.

Oliver Stansfield

Brandon Hill Capital (UK Broker)

+44 20 3463 5061

Jonathan Evans

Brandon Hill Capital (UK Broker)

+44 20 3463 5016

Camilla Horsfall

Blytheweigh (Financial PR)

+44 20 7138 3224

Megan Ray

Blytheweigh (Financial PR)

+44 20 7138 3203

About Mariana Resources
Mariana Resources Ltd is an AIM (MARL) and TSXV (MARL) quoted exploration and development company with an extensive portfolio of gold, silver and copper projects in South America and Turkey.

Mariana`s most advanced asset is the Hot Maden gold-copper project in north east Turkey, which is a joint venture with its Turkish JV partner Lidya (30% Mariana and 70% Lidya) and rapidly advancing to development. An updated mineral resource estimate of 3.43 Moz gold Equivalent (Indicated Category) and 0.09 Moz gold Equivalent (Inferred Category) (100% basis) in the main resource zone as well as a maiden 351,000 Moz gold Equivalent (Inferred Category) (100% basis) in the new southern discovery zone was reported for Hot Maden on July 25, 2015. Elsewhere in Turkey, Mariana holds a 100% interest in the Ergama gold-copper project.

In southern Argentina, the Company`s core gold-silver projects are Las Calandrias (100%), Sierra Blanca (100%), Los Cisnes (100%), Bozal (100%). These projects are part of a 160,000+ Ha land package in the Deseado Massif epithermal gold-silver district in mining-friendly Santa Cruz Province.