Mariana Resources Ltd. Issues Shares on Exercise of Options
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 10/21/11 -- Members of the Mariana Resources Ltd. (TSX: MRY)(AIM: MARL) employee option plan have exercised 57,000 options over shares in the company. The shares were issued at a price of 6 pence per share.
The exercise prices were set at the time the options were issued.
Mariana Resources Ltd. has made an application for the shares' admission to trading on AIM and the shares are expected to be admitted to trading on 21 October 2011. The shares have been approved for trading on TSX.
As a result of the above issue, the capital of the Company is now 181,559,930 ordinary shares.
J R Horsburgh, Chairman
For further information please visit website at www.marianaresources.com.
About Mariana Resources
Mariana Resources Ltd. is an AIM and TSX quoted exploration and development company with an extensive portfolio of gold, silver and copper projects in Argentina and Chile. In southern Argentina, in addition to the Las Calandrias gold-silver discovery, the Company has the Sierra Blanca silver-gold prospect (70%); the Los Amigos joint venture (49%) with Hochschild Mining and a 160,000 Ha land package (100%) in the country. All of these projects are located in the Deseado Massif epithermal gold-silver district in mining-friendly Santa Cruz province of southern Argentina, which hosts four mines and several advanced projects. In Chile, Mariana has a joint venture with US based international mining and natural resources company Cliffs Natural Resources Inc., to explore for iron oxide-copper-gold deposits ('IOCG') in a 92,000 sq.km. area ('SCM Mariana Area') in north-central Chile along the highly prospective Atacama Fault Zone. The SCM Mariana Area includes the 44 sq.km. Buenaventura and 46 sq.km. Perro Chico IOCG projects. Mariana is also evaluating a number of gold-silver and copper-gold opportunities away from the Cliffs JV area, as part of a new initiative.
Incorporated in Guernsey registered number 44276.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contacts:
Mariana Resources Ltd. - In Australia
John Horsburgh
Chairman
61 2 94374588
Mariana Resources Ltd. - In Australia
Glen Parsons
CFO
61 2 94374588
RFC Corporate Finance Limited (Nomad) - In Australia
Rob Adamson
61 2 9250 0041
RFC Corporate Finance Limited (Nomad) - In Australia
Will Souter
61 2 9250 0050
FinnCap (Broker) - In U.K.
Matthew Robinson
44 20 7600 1658
Fox Davies Capital - In U.K.
Jonathan Evans
44 20 3463 5000
St Brides Media and Finance Ltd. (PR) - In U.K.
Felicity Edwards
44 20 7236 1177
Mariana Resources Ltd. (Vancouver Office) - In Canada
Kathryn Witter
1 604 669 9336
www.marianaresources.com
Renmark Financial Communications (PR) - In Canada
Arash Shahi
1 514 939 3989
Renmark Financial Communications (PR) - In Canada
Maurice Dagenais
1 416 644 2020