September 02, 2014
Arian Releases Initial Mineral Resource Estimate for Perlat, Confirming the Historic Resource

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES


Arian Resources Corp (TSX-V: ARC; "the Company")

Mr. Zahir (Zip) Dhanani, CEO and Chairman of Arian is pleased to report that an initial mineral resource estimate has been completed for the Perlat copper-gold-silver-zinc-cobalt project located in Albania. A NI 43-101 technical report has been filed on the SEDAR website.

At a cutoff of 1.1%, the estimate provides a total inferred mineral resource of 4.66 million tonnes averaging 2.12% copper.

This is consistent with the historic resource defined by the Rubik Geological Enterprise, pursuant to 165,000 meters of drilling (see news release dated January 30, 2014). This confirmation of the resource at Perlat, to Canadian reporting standards, affirms Arian's decision to seek to take Perlat into production.

A 5,000 meter drill program has been planned, which would lead to a prefeasibility study by Sinomine Resource Exploration Co. Ltd. ("Sinomine") (see news release dated August 18, 2014).

"The initial resource estimate on the Perlat project gives Arian an excellent foundation to seek to put the project into production should an economic analysis (i.e. preliminary economic analysis, prefeasibility study or feasibility study) provide a level of confidence with respect to the economic viability of the project" stated Arian's CEO and Chairman, Zahir Dhanani. "In addition, it should be noted that less than 10% of the historic samples were analyzed for gold, yet there was good correlation between copper and gold. And finally, our current land package is eight times larger than the claims on which the resource has been defined, which allows the potential to grow this resource significantly."

The Perlat property comprises 290 hectares of exploitation permit with a further 2,305 hectares of exploration permit within a district-scale multi-element 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.

The resource estimate was conducted 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. Samples were sporadically analyzed for gold, silver, zinc and cobalt. There is good correlation between copper and elevated gold values.

Eighty-eight 3D wireframes 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%, and composites with a length of 2.5 metre were produced. A block model with blocks 10 x 10 x 5 m in dimension was interpolated for copper using ordinary kriging. Specific gravities were assigned to the mineralized portions of blocks based on estimated copper grades.

Using a cut-off of 1.1% Cu, a total inferred mineral resource of 4.66 million tonnes averaging 2.12% Cu was interpolated.
The mineral resource estimate and NI 43-101 report was prepared by Gary Giroux, P.Eng, MASc, Perry Grunenberg, P.Geo, and Vivian Park, P.Geo, 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 National Instrument 43-101.

The exploration license covers the well-documented Merditë Ophiolite sequence of rocks that trend north to north-westerly through Albania. The trend is known to host volcanogenic massive sulphide ("VMS") 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 4 to 20 meters in thickness. The sulphide zones have been traced for more than two kilometers. The mineralized zones host significant concentrations of copper and gold, with subsidiary silver, cobalt, and zinc.

The exploration license 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 north eastern 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 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.

For further information, contact Zahir ( Zip ) Dhanani at 604.248.5175 or via email at zip1@shaw.ca.

Arian Resources Corp.

ON BEHALF OF THE BOARD

Mr. Zahir ( Zip ) Dhanani, CEO & Chairman
distributed by