3 June 2025

AIM: AAU

APPOINTMENT OF DEPUTY CHAIRMAN

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 appointment of Michael Atkins to the Board as Deputy Chairman of the Company.

Michael William Atkins

Mr. Atkins has had a successful career as an Executive and Non-Executive Chairman and Director of numerous listed Australian companies. He brings extensive international experience, having worked in more than 15 countries across Africa (including Botswana, Zimbabwe, Ghana, Cameroon, Djibouti, and South Africa), North America (the USA and Canada), Southeast Asia, China, and Europe (Germany, Switzerland, Sweden, and the UK). He is also a Fellow of the Australian Institute of Company Directors and has a Bachelor of Commerce degree from the University of Western Australia.

Mr. Atkins' experience in African gold projects will be especially valuable, notably through his role as the Founder and Executive Chairman of Gallery Gold Ltd ("Gallery"). In this capacity, he was responsible for the acquisition of the Galane Gold Project in Botswana, which is also situated in the same Zimbabwe Craton as Ariana's Dokwe Project. Gallery successfully developed the Galane Gold Project, which was later sold to IAMGold and became an operating gold mine at 100,000 ounces per annum. He was also Chairman of Azumah Resources Limited, which advanced its Wa Gold Project in Ghana, West Africa, to a Reserve of over 1 million ounces of gold.

Other roles of Mr Atkins include Managing Director of Beach Petroleum during its restructuring in 1990-92, and Chairman of Westgold Resources Limited, where he restructured it from an oil and gas company to a gold explorer. Westgold then went on to acquire the Central Murchison Gold Project and later merged with MetalsX Limited.

Mr. Atkins remains a Non-Executive Director of SRG Global Limited and Memphasys Limited, both ASX-listed companies, and Corporate Consultant to ASX and AIM-listed European Metals Holdings Limited, which is developing the largest hard rock lithium project in Europe.

Dr. Kerim Sener, Managing Director, commented:

"We are very pleased to welcome Michael Atkins to the Ariana Board as Deputy Chairman. Michael's longstanding expertise in corporate governance, capital raising on the ASX, restructuring, and deal-making is internationally noteworthy.

"We believe his extensive corporate network and residing in Australia will be invaluable in Ariana's ASX dual-listing, and his specific experience operating successful mining companies, particularly in southern Africa, is impressive, as we continue to progress our over 1 million ounces Dokwe Gold Project in Zimbabwe through feasibility. Michael's appointment will complement the current Board and he will become Chair of a new Board committee tasked with Company-wide transformation, positioning it for future growth and success."

AIM Rules Disclosures

Michael William Atkins currently holds or has held the following directorships and partnerships in the last five years:

Mr. Atkins holds no ordinary shares or options in the Company.

Other than as provided in this announcement, no other disclosures in relation to Mr. Atkins are required under Rule 17 and schedule 2 (g) of the AIM Rules for Companies.

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").

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 Mine and the Tavsan and Salinbas projects.

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 310,900 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 and Fortified Securities 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.