Mr. Zahir Dhanani reports

ARIAN RESOURCES ANNOUNCES COMPLETION OF THIRD HOLE AT KACINAR

The results of the third core hole drilled at the Kacinar gold project of Arian Resources Corp., in association with Sinomine International Exploration (Hong Kong) Holding Co. Ltd., are anticipated shortly. Sinomine has optioned the Kacinar project from Arian and has the ability to earn up to a 60-per-cent interest in Arian's wholly owned subsidiary Jab Resources Shpk, which holds the project.

Kacinar drill program

Arian has received results from the first two holes drilled from the current round of drilling at the Kacinar project. These holes unfortunately did not intersect the expected large sulphide-bearing intrusive interpreted from the induced polarization geophysical survey. As such, elevated gold values were not returned.

Upon receipt of the results from the third hole, Arian and Sinomine will review the results received to date to guide the future work on the project.

The drill program is being financed by Sinomine, and upon the expenditure of $1-million, Sinomine will have earned a 10-per-cent interest in Arian's subsidiary Jab, which holds the project.

Kacinar gold project

Based on the geological, geochemical and geophysical results obtained to date, the company has unearthed what appears to be a new gold-bearing greenstone belt. Where suitable tectonic and intrusive activity has occurred, greenstone belts can contain substantial gold deposits.

Greenstone-hosted gold deposits currently provide over 13 per cent of global gold production, with examples such as the Kirkland Lake, Malartic and Detour Lake mines within the Abitibi belt in Canada, the Tasiast mine in Mauritania, and the Fimiston mine in Kalgoorlie, Australia.

Within the Kacinar licence, there appears to be potential for two styles of mineralization. The first is quartz carbonate-sulphide shear-hosted veins as discovered in the company's drill testing program. The second is porphyry copper-gold mineralization associated with emergent core complexes as interpreted from the company's geophysical survey.

Within the outlined greenstone belt, historical Albanian geological survey work defined six areas that contain stream sediments anomalous in gold. Drill testing of a small area (400 metres by 200 metres), associated with one of these geochemical anomalies by the company, outlined nine steeply dipping quartz carbonate-sulphide shear-hosted veins, averaging four metres in width and averaging 2.7 grams per tonne gold. These veins are open along strike and at depth, and are consistent with the type of mineralization found in established greenstone-hosted gold deposits and collectively offer significant potential.

Analysis of drill core and surface trench samples from this area has resulted in 61 samples with grades greater than one gram per tonne gold. Of these, eight samples have between five and 10 grams per tonne gold, and 12 samples have greater than 10 grams per tonne gold. The highest assay was 39.4 grams per tonne gold over one metre on drill hole GZJ1017. Significant intersections include 1.51 grams per tonne gold over 14-metre thickness on drill hole GZJ1012 and 7.01 grams per tonne gold over six metres on drill hole GZJ1011. Note that these thicknesses are not necessarily true widths.

Preliminary metallurgical testwork indicates that 94 per cent of the gold can be separated into a sulphide concentrate using standard flotation processes. The gold occurs as separate grains associated with the sulphides. Following the completion of the drilling program, an induced polarization geophysical survey was undertaken in the Gjazuj area. This survey reveals the presence of numerous high-priority resistivity and chargeability anomalies. These are interpreted to represent both the shear-zone-hosted sulphide mineralization identified in the drilling and large sulphide-bearing intrusives lying immediately adjacent to and below the shear zones. The intrusives are further interpreted to represent porphyry copper-gold mineralization associated with the emergent core complexes. A number of high-priority targets have been identified for drill testing (target depths ranging from 50 metres to 250 metres).

The potential presence of a zone of emergent core complexes that run north-south through the Gjazuj area is significant. Such zones can be associated with porphyry copper-gold instrusive systems that contain both considerable gold (multimillion ounces) and copper resources. Mineralization of this type has been identified in two subparallel belts located to the east of Albania (within Serbia-Macadonia-Greece and within Serbia-Bulgaria). As virtually no modern-day exploration has been undertaken on the identified Albanian zone, it is considered to offer considerable potential.

Chad Ulansky, PGeo, is the qualified person under National Instrument 43-101, who has reviewed the technical disclosure in this news release and is responsible for the technical information contained in this release.

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