Mariana Resources Definitive Agreement Amended - Condor de Oro Project Peru

Mariana Resources Ltd. (�Mariana� or �the Company�), the AIM quoted exploration and development company focused in Peru and southern Argentina, is pleased to announce that it has executed the amended Definitive Agreement with Condor Resources Inc. (�Condor�) for Area 1 (being the southernmost Pucayacu precious and base metal target) at the Condor de Oro project (�the Project�), Department of Cajamarca, northern Peru.  The signing of the original Letter of Intent for the Project was announced on October 4, 2012.

Mariana currently holds an option to acquire 60% of Condor�s 85% option over the issued shares of Exploraciones Aguila Dorada S.A.C. (�EAD�) through a combination of staged work commitments and cash payments to Condor (see news release of October 4, 2012).  EAD holds legal title to five mineral concessions at the Pucayacu target area.

As a result of the delays in the permitting process the parties have agreed to extend the first anniversary date for Area 1 to the 31 January 2014, by which time Mariana must have completed minimum exploration expenditures of $500,000 including 1,500 metres of drilling. Each of the subsequent annual milestone dates have also been extended to the 31 January of the following respective years.  Planning of the initial drill program is now well advanced.

Chief Executive Officer, Glen Parsons commented, �I am excited by the imminent initial exploration drilling program to potentially unlock this company-maker on the agreed basis with Condor and EAD.�

**ENDS**

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

Competent Person

John Horsburgh, Non Executive Chairman is a Competent Person as defined by various international instruments and takes responsibility for the release of this information which is based on a review of technical information published on Condor Resources website.

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.

About Condor Resources Inc.

Condor Resources Inc. was incorporated in 2003 by field exploration specialists focused on the generation of precious and base metals projects in South America, where management has extensive experience and a proven track record of discovery. The Company�s long term objective is the discovery of a major new precious/base metals deposit and its business plan offers shareholders access to an exciting portfolio of fifteen properties in Peru and Chile, each offering a unique path to discovery.

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.