WRAP Retail Offer for up to £300,000

Ariana Resources plc, (AIM: AAU) the AIM-listed mineral exploration and development company with gold project interests in Africa and Europe, is pleased to announce a retail offer via the Winterflood Retail Access Platform ("WRAP") to raise up to £300,000 (the "WRAP Retail Offer") through the issue of new ordinary shares of 0.1 pence each in the capital of the Company ("Ordinary Shares"). Under the WRAP Retail Offer up to 20,000,000 new Ordinary Shares (the "WRAP Retail Offer Shares") will be made available at a price of 1.5 pence per share.

In addition to the WRAP Retail Offer and as announced on 26 March 2025 at 7:00 a.m., the Company is also proposing a placing of new Ordinary Shares (the "Placing Shares" and together with the WRAP Retail Offer Shares, the "New Ordinary Shares") to raise approximately £700,000 (before expenses) through a bookbuild process (the "Placing") at a price of 1.5 pence per Placing Share (the "Placing Price"). The Company raised £347,000 via a direct subscription (the "Subscription") at the same time as the Placing.

A separate announcement has been made regarding the Placing and the Subscription (together the "Fundraise") and its terms and sets out the reasons for the Fundraise and use of proceeds. The proceeds of the WRAP Retail Offer will be utilised for general working capital.

The WRAP Retail Offer and the Fundraise are conditional on the New Ordinary Shares being admitted to trading on AIM ("Admission"). It is anticipated that Admission will become effective and that dealings in the New Ordinary Shares will commence on AIM, at 8:00 a.m. on 7 April 2025.

WRAP Retail Offer

Therefore, the Company is making the WRAP Retail Offer open to eligible investors in the United Kingdom, being existing shareholders of Ariana, following release of this announcement and through certain financial intermediaries.

The WRAP Retail Offer is expected to close at 4:00 p.m. on 28 March 2025. Eligible shareholders should note that financial intermediaries may have earlier closing times.

There is a minimum subscription of £100 per investor under the WRAP Retail Offer. The terms and conditions on which investors subscribe will be provided by the relevant financial intermediaries including relevant commission or fee charges.

It is a term of the WRAP Retail Offer that the total value of the WRAP Retail Offer Shares available for subscription does not exceed £300,000, or such size as agreed by the Company.

Further information on the Company can be found on its website at www.arianaresources.com.

The Company's LEI is 213800LVVY7GZY21LH22.