29^th November 2013

Mariana Resources Placing raises approximately �2.67 million to advance gold-copper projects in Peru

Mariana Resources Ltd (�Mariana� or �the Company�), the AIM listed exploration and development company with projects in Peru, Argentina and Chile, is pleased to announce that the Company has raised approximately �2.67m through a placing assisted by RFC Ambrian and Fox-Davies Capital.  The net funds of �2.53m will be utilised to advance the Company�s two highly prospective gold, copper projects in Peru, being Condor de Oro and Soledad, optioned from TSX-V quoted Condor Resources Inc.  The Company will issue and allot 59,500,001 new ordinary shares, conditional on admission, at a placing price of 4.5p.

Condor de Oro is located along the Cordillera del Condor corridor, one of the most significant emerging gold and copper belts.  Importantly, drill results to date and geophysics and sampling work conducted at Condor de Oro points to the prospect containing a multi mineralised intrusive related porphyry system with the potential to host a multi-million ounce gold and base metal deposit.  Mariana is conducting a 1,500m drilling programme with further assay results due in the next 2-3 weeks.

In addition, Mariana is focused on advancing its Soledad gold-copper-silver project located in the Cordillera Negra metallogenic province in Central Peru, 34 km south of the Pierina gold-silver mine operated by Barrick Gold Corporation.  This project complements Mariana�s diversification strategy into Peru and offers excellent exploration upside potential.  The Company intends to commence drilling in the first half of 2014.

Low cost exploration also continues to advance its Argentinean assets as part of its  longer term value delivery strategy.

Chief Executive Officer, Glen Parsons today commented �Mariana has made a transformational move into Peru this year and I am delighted to have secured this funding from our investors illustrating their continued support for our two new potentially company-making projects in Peru.  With first drill results from our flagship Condor de Oro project indicating multiple phases of mineralisation in a large intrusive system, we look forward to the potential of continuing our exploration programme of this exciting porphyry-related gold-copper-molybdenum system into 2014.  In addition, this funding will be utilised to commence drilling at the Soledad project H1 2014 further complementing our advances in Peru, and allows us the flexibility to continue evaluating new opportunities for the Company to generate value uplift.�

 Admission to AIM

Application has been made to the London Stock Exchange for the new ordinary shares to be admitted to trading on AIM. Dealings are expected to commence from 8.00 a.m. on or about the 5 December 2013 (�Admission�). 

Following Admission, there will be a total of 422,658,074 ordinary shares on issue.  For the purposes of calculating Total Voting Rights shareholders may use this number as the total number of shares on issue from the date of Admission.

RFC Ambrian and Fox-Davies Capital, who assisted with the placement in the UK, have been paid a cash commission of 5% on the monies raised and warrants over 1,487,500 ordinary shares at 4.5p exercisable for two years.

**ENDS**

For further information please visit website at www.marianaresources.com or contact the following.

About Mariana Resources

Mariana Resources Ltd is an AIM quoted exploration and development company with an extensive portfolio of gold, silver and copper projects in South America. In Peru, Mariana has an option to earn a 51% interest in highly prospective copper-gold and copper silver porphyry targets in the Cordillera del Condor of northern Peru as well as an option to earn a 70% interest in the Soledad copper-gold and silver project in Central Peru. In southern Argentina, the Company's core gold-silver projects are Las Calandrias (100%), Sierra Blanca (100%), Los Cisnes (100%), Bozal (100%) and Los Amigos JV (30%). These projects are part of a 200,000+ Ha land package in the Deseado Massif epithermal gold-silver district in mining-friendly Santa Cruz Province.

Safe Harbour

This press release contains  certain statements which may be deemed to be forward-looking statements.  These forward-looking statements are made as at the date of this press release and include, without limitation, statements regarding discussions of future plans, the realization, cost, timing and extent of mineral resource estimates, estimated future exploration expenditures, costs and timing of the development of new deposits, success of exploration activities, permitting time lines, and requirements for additional capital.  The words �plans�, �expects�, �budget�, �scheduled�, �estimate�, �forecasts�, �intend�, �anticipate�, �believe�, �may�, �will�, or similar expressions or variations of such words are intended to identify forward-looking statements.  Forward-looking statements are subject to known and unknown risks, uncertainties, assumptions and other factors that may cause actual results to vary materially from those expressed or implied by such forward-looking statements, including, but not limited to: the effects of general economic conditions; the price of gold, silver and copper; misjudgements in the course of preparing forward-looking statements; risks associated with international operations; the need for additional financing; risks inherent in exploration results; conclusions of economic evaluations; changes in project parameters; currency and commodity price fluctuations; title matters; environmental liability claims; unanticipated operational risks; accidents, labour disputes and other risks of the mining industry; delays in obtaining governmental approvals or in the completion of development or construction activities; political risk; and other risks and uncertainties described in the Company�s annual financial statements for the most recently completed financial year which is available on the Company�s website at www.marianaresources.com .  Although we believe that the expectations reflected in such forward-looking statements are based upon reasonable assumptions and have attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended.  There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such forward-looking statements.  Accordingly, readers are cautioned not to place undue reliance on forward-looking statements.  We do not undertake to update any forward-looking statements, except in accordance with applicable securities laws.

Felicity Edwards

St Brides Media & Finance Ltd

3 St Michael�s Alley, London, EC3V 9DS

www.stbridesmedia.co.uk   

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