Mr. Zahir Dhanani reports

ARIAN AND SINOMINE COMPLETE FIRST DRILL HOLE AT PERLAT

Arian Resources Corp. and Sinomine Resource Exploration Co. Ltd. have completed the first drill hole of a 5,000-metre drill program related specifically to the development of the Perlat high-grade copper-gold project in Albania.

The first drill hole went to a depth of 350 metres, and the second drilling has commenced on the second hole, which is also expected to reach a depth of 350 metres. A 12-person team from Sinomine has arrived on site, and with two more drill rigs expected to be assembled by next week, the pace of the work program will accelerate soon.

Both companies see the potential to advance the Perlat project, which has a high-grade historic copper-gold resource (see details below), to production. To this end, the objectives of the $3-million drill program are to determine the requirements and feasibility of putting Perlat into production. It will include confirmatory drilling and due diligence with respect to the historic drilling, and technical and financial evaluation of putting Perlat into production. The drill program will consist of 10 to 14 drill holes and is expected to be completed by December, 2014. Sinomine is executing the drill program under Arian's supervision.

Zahir Dhanani stated: "We are very excited to partner yet again with Sinomine on this drill program. We will sample extensively for gold, which was not done as part of the extensive historic drilling but which was done successfully by Balkan Resources. We anticipate extensive gold mineralization to be present, and this will provide us significant upside potential, when we take Perlat into production."

About Perlat

The VMS (volcanogenic massive sulphide) mineralization at Perlat is of the Cyprus type, and consists of small massive sulphide lenses and disseminated sulphides in altered volcanic rocks, which comprise a number of zones varying from four to 20 metres in thickness. The dominant sulphide minerals are pyrite and chalcopyrite with minor sphalerite and marcasite. The mineralization lies on a north-northeast trend extending for over two kilometres.

Mining commenced on the northern portion of the Perlat deposit in 1979, and continued until 1991 at the time of the collapse of communism in Albania and of low copper prices. The mine, which includes two shafts on the northern portion of the deposit, and an exploration shaft and drive on the southern portion of the deposit, was decommissioned in 1997.

To support the mine operations, extensive underground development was undertaken. Though production statistics are not available, nine mineralized lenses were mined by sublevel caving. Lower-grade ore from the mine was sent to mills at either Kurnesh or Rreshen whilst high-grade ore was sent directly to a smelter in Rubik.

The Rubik Geological Enterprise presented historic mineral resources for portions of the Perlat deposit in 1979, 1983, 1986 and most recently in 1993. These historic mineral resources were classified under the Russian reserve classification system into categories A, B, C1 and C2 in order of decreasing confidence where:

• Category A means reserves are known in detail (usually defined by underground workings);
• Category B includes reserves outlined by exploratory workings and/or closely spaced drilling;
• Category C1 includes reserves defined at the project by a drilling grid of 50 metres by 45 m;
• Category C2 refers to less-well-defined reserves indicated by geological and/or geophysical information confirmed by drill holes at spacing between 50 m by 45 m and 100 m by 60 m.

A qualified person has not done sufficient work to classify the historical estimate as current mineral resources; the issuer is not treating the historical estimate as current mineral resources.

In 1986, undiluted geological reserves of category B plus C1 (likely equivalent to indicated and inferred resources by modern definition standards) totalling 2,565,155 tonnes grading 2.202 per cent copper and reserves of category C2 (likely equivalent to inferred resources by modern definition standards) totalling 1,186,417 t grading 1.779 per cent Cu were estimated at a cut-off of 0.7 per cent Cu. An unknown amount of this was mined in the following five years to when the mine was closed in 1991.

Between 1986 and 1992, additional drilling was conducted in the southern and central portions of the Perlat deposit. This work resulted in additional category C1 reserves totalling 635,746 t at a grade of 3.491 per cent Cu, and category C2 reserves totalling 344,044 t at a grade of 2.845 per cent Cu were estimated (undiluted geological reserves at a 0.7-per-cent Cu cut-off). These resources in the southern portion of the Perlat deposit were never mined.

After acquiring the property in 2006, Balkan Resources Inc. drilled 18 holes totalling over 5,000 metres. Hole P-32-2008 confirmed the previous results of the mineralization in the northern portion of the Perlat deposit. From a depth of 316.1 m, a 7.02-metre zone of mineralization was intersected, which contained 7.33 per cent copper, 6.31 grams per tonne gold, 31.46 g/t silver and 0.16 per cent zinc.

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.

About Sinomine Resource Exploration

Sinomine Resource Exploration is the top resource exploration company in the People's Republic of China that is to be listed on the Shenzhen Stock Exchange.

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