22 August 2025

AIM: AAU

Not for release to US wire services or distribution in the United States

CORPORATE OFFER

Dual Listing - Results of ASX Offer

Ariana Resources plc (AIM: AAU, "Ariana" or the "Company"), the mineral exploration and development company with gold project interests in Africa and Europe, is pleased to advise that it has raised A$11 million in gross proceeds under its Australian Securities Exchange ("ASX") dual listing offer ("ASX Offer") which closed at 5pm AEST on 14 August 2025.

The ASX Offer, to raise between A$10-15 million at a price of A$0.28 per CDI, was open to eligible investors in Australia and certain other jurisdictions. Each CDI represents 10 underlying ordinary shares in the capital of the Company ("Ordinary Shares").

The Company is pleased to announce that the ASX Offer has raised A$11 million in gross proceeds (c.£5.3 million). Accordingly, the Company will issue 39,285,714 CDIs under the ASX Offer. An additional 157,062 CDIs will be issued under the separate 'Director Offer' under the prospectus in connection with the ASX Offer.

The issue of the CDIs will represent 394,427,760 new Ordinary Shares of 0.1 pence each in the capital of the Company ("New Ordinary Shares") at an effective price of 1.34p (based on an exchange rate of £1.00=A$2.07) per New Ordinary Share which on issue will represent approximately 16.87% of the enlarged issued share capital of the Company.

Application will be made for the New Ordinary Shares which on issue will rank pari passu in all respects with the existing Ordinary Shares in issue to be admitted to trading on AIM ("Admission") and Admission is expected to become effective on or around 15 September 2025.

Upon Admission, the Company's issued Ordinary Share capital will consist of 2,338,378,041 Ordinary Shares (including Ordinary Shares underlying the CDIs) with one voting right each. The Company does not hold any Ordinary Shares in treasury. Therefore, from Admission, the total number of Ordinary Shares (including Ordinary Shares underlying the CDIs) and voting rights in the Company will be 2,338,378,041. With effect from Admission, this figure may be used by Shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

The Company is currently working towards completing the outstanding ASX conditions to satisfy the previously announced indicative ASX listing date of 15 September 2025, under the ASX ticker code AA2.

This announcement has been prepared for publication in Australia and may not be released to US wire services or distributed in the United States. This announcement does not constitute an offer to sell, or a solicitation of an offer to buy, securities in the United States or any other jurisdiction. Any securities described in this announcement have not been, and will not be, registered under the US Securities Act of 1933 and may not be offered or sold in the United States except in transactions exempt from, or not subject to, registration under the US Securities Act and applicable US state securities laws.

Further information about Ariana is available on the Company's website http://www.arianaresources.com

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").

Contacts:

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-silver production in Türkiye and copper-gold-silver 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. A Net Smelter Return ("NSR") royalty of 0.5% on future production is payable to Yataghan Investments (Private) Limited.

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 producted at an average rate of c.21,500 ounces of gold per annum. A 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). The Tavsan processing plant achieved operational status in July 2025 and will become the second gold mining operation in Türkiye. A NSR royalty of up to 2% on future production is payable to Sandstorm Gold.

The Salinbas- Ardala Gold Project is located in north-eastern Türkiye and contains a JORC Measured, Indicated and Inferred Resource of 598,000 ounces of gold at the Salinbaş project and 939,000 ounces of gold at the Ardala project (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 and a separate private NSR royalty of 1.5% is payable with respect to the Ardala project specifically.

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 has earnt a 51% interest in the Slivova Gold-Silver Project. Certain exploration activities of WTR are being funded through a five-year Alliance Agreement with Newmont Ventures Limited (www.newmont.com).

Ariana owns 61% of UK-registered Venus Minerals Limited ("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 4.9% holding of Panther Metals Limited (ASX: PNT).

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