New Lead and Co-Managers For ASX Dual-Listing

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 the Australian capital markets firm Shaw & Partners ("Shaw") as Lead Manager for its proposed dual-listing on the Australian Securities Exchange ("ASX"), which is targeted for completion in Q3 2025. Furthermore, Shaw has entered into a separate agreement with Leeuwin Wealth ("Leeuwin") to act as Co-Manager.

The proposed ASX listing will provide Ariana's shareholders with exposure to a market that understands and supports small-to-medium-sized gold explorers and developers. The intention is to provide Ariana with greater access to capital and increased liquidity, which may facilitate an improved valuation for the Company. Ariana investors wishing to trade securities on the ASX will also be able to transfer their existing shareholdings to the proposed Australian register.

The Company also intends to raise new equity in conjunction with its ASX listing, with the funds raised to be directed towards the exploration and technical studies scheduled at the Company's 100%-owned Dokwe Gold Project in Zimbabwe. The precise timing of Ariana's ASX listing and the amount of any capital raised in conjunction with the listing are yet to be determined.

Kerim Sener, Managing Director, commented:

"Ariana is pleased to advise that the Company is now well-positioned for its planned ASX listing this year. At the end of last year, Ariana postponed the planned IPO to accommodate full-year audited financial statements in the Prospectus to help us prepare for the IPO at the Company's AGM and to adopt a new Lead Manager, in particular.

"Within this time, we have also made significant advances in our understanding of the opportunity at the Dokwe Gold Project and have demonstrated the potential for over 1 million ounces of gold within optimised pit shells, in addition to substantial exploration upside across Dokwe North and Central. Since late 2024 and early 2025, the Company has raised additional capital specifically to advance these and other activities, which was supported by some of our larger shareholders, including Newmont Mining Corporation, Riverfort Global Opportunities and our partners, Proccea Construction Co.

"We look forward to working closely with Shaw and Leeuwin in the next two months as the Company approaches its dual-listing on the ASX via an IPO."

About Shaw and Partners

Shaw and Partners is one of Australia's preeminent investment advice and wealth management firms. With a national presence and A$35 billion of assets under advice, Shaw and Partners offers the intimacy of a boutique investment firm, backed by the resources and scale of a major global financial group, EFG International, managing over A$260 billion of assets.

About Leeuwin Wealth

Leeuwin Wealth combines decades of experience and a deep understanding of the Australian market to deliver comprehensive wealth management and capital markets advisory services. Founded by recognised industry leaders, Leeuwin Wealth shares a collective commitment to produce exceptional client outcomes underpinned by strategy, insight and innovation.

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