Mr. Zahir Dhanani reports

ARIAN PROVIDES UPDATE ON PERLAT DRILLING

Arian Resources Corp. and Sinomine Resource Exploration Co. Ltd. will conclude a 12-hole drill program totalling over 5,000 metres related specifically to evaluating the development potential of the Perlat high-grade copper-gold-silver-zinc project in Albania by the end of November.

Both companies see the potential to advance the Perlat project, which has a high-grade historic copper-gold resource (see details below), to production. Drill core from 11 holes has already been sent to the ISO 17025 and 9001 accredited Sinomine Rock and Mineral Analysis (Tianjin) Co. Ltd. laboratory for analysis. Sinomine will finish drilling the 12th drill target within the next few days with a target depth of 400 metres.

Sinomine is now sending a team in early December to Albania to conduct a prefeasibility study, which will provide the basis for the decision to take Perlat into production by December, 2016. The study will also assist in potentially securing bank financing in China.

Arian and Sinomine will also commission an independent valuation on Perlat, which will form the basis for Sinomine's expected offer to buy a majority stake in Perlat by March, 2015, under the supplementary option and investment agreement signed between Arian and Sinomine.

Zahir Dhanani, chief executive officer and chairman of Arian, states: "We have been impressed by the quality of work done by Sinomine's team at Perlat. Drilling will be completed a month ahead of schedule and the results of the first two drill holes have exceeded expectations, with high-grade copper, gold, silver and zinc results."

The first two holes in the current drill program twinned two historic holes as announced in the news release on Oct. 9, 2014.

About Perlat

The Perlat property comprises 290 hectares of exploitation permit with a further 2,305 hectares of exploration permit within a district-scale, multielement volcanogenic massive sulphide belt.

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 due to 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.

After acquiring the property in 2006, Balkan Resources Inc. drilled 18 holes totalling over 4,600 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 metres, a 7.02-metre zone of mineralization was intersected, which contained 7.33 per cent copper, 6.31 grams per tonne gold, 31.46 grams per tonne silver and 0.16 per cent zinc.

A resource estimate was completed in May, 2014, using data made available from the previous operators of the property and surrounding exploration area. The data included 5,489 copper assay results from 529 drill holes. Historically, samples were sporadically analyzed for gold, silver, zinc and cobalt. Where results are available there is a good correlation between elevated copper and elevated gold values.

Eighty-eight 3-D wire frames were created to represent the massive sulphide lenses. The assay results from 242 drill holes that passed through the solids were used to estimate the mineral resource.

The copper results within the solids were capped at 13.5 per cent and composites with a length of 2.5 metres were produced. A block model with blocks 10 by 10 by five metres in dimension was interpolated for copper using ordinary kriging. Specific gravities were assigned to the mineralized portions of blocks based on estimated copper grades. A total inferred mineral resource of 4.66 million tonnes averaging 2.12 per cent copper using a cut-off of 1.1 per cent copper was interpolated.

The mineral resource estimate and National Instrument 43-101 report were prepared by Gary Giroux, PEng, MASc; Perry Grunenberg, PGeo; and Vivian Park, PGeo, all of whom are independent of the company. The mineral resource was estimated using Canadian Institute of Mining, Metallurgy and Petroleum best practice guidelines, and the results are disclosed according to NI 43-101.

The exploration licence covers the well-documented Merdite ophiolite sequence of rocks that trend north to northwesterly through Albania. The trend is known to host volcanogenic massive sulphide deposits such as Perlat, many of which were historically mined.

On the Perlat property, massive sulphide lenses and disseminated sulphides in altered volcanic rocks comprise a number of zones varying from four to 20 metres in thickness. The sulphide zones have been traced for more than two kilometres. The mineralized zones host significant concentrations of copper and gold, with subsidiary silver, cobalt and zinc.

The exploration licence also includes the Shebe and Tuturiq prospects. Historic records indicated that these prospects contain significant gold in outcrops with reported values of up to 27 grams per tonne.

The Perlat property is located east-southeast of the town of Rreshen in northeastern Albania, and is accessible by highway and secondary gravel roads. Power, water and other resources are readily available in the region.

Chad Ulansky, PGeo, is the qualified person under NI 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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