Mariana Resources Ltd.
TSX : MRY
AIM : MARL
PLUS : MARL

Mariana Resources Ltd.

September 03, 2012 08:00 ET

Mariana Resources Limited: Update of Options on Issue

BRITISH, COLUMBIA--(Marketwire - Sept. 3, 2012) - Mariana Resources Ltd (TSX:MRY)(AIM:MARL) ('Mariana' or 'the Company').

On 31 August 2012, 1,006,000 options held by employees under the Company's Employee Share Option Plan and by providers of services to the Company expired.

At 1 September 2012 the following 12,686,500 options which each entitle the holder to apply for one ordinary share in the company are outstanding:

Employee options
Option Series Number Outstanding
15P 30/10/2012 10,000
20P 30/10/2012 10,000
25P 30/10/2012 10,000
6P 31/10/2012 35,000
6P 30/06/2013 432,000
20P 31/5/2013 300,000
20P 31/1/2014 1,370,000
30P 31/7/2014 2,165,000
12P 1/2/2015 1,170,000
12P 31/1/2016 650,000
Total 6,153,000
Directors' options
Option Series Number Outstanding
6P 30/06/2013 266,000
20P 31/1/2014 1,050,000
30P 31/7/2014 1,500,000
60P 1/2/2015 1,100,000
12P 31/1/2016 750,000
16P 31/1/2016 750,000
20P 31/1/2016 750,000
Total 6,166,000
Other options
Option Series Number Outstanding
20P 31/1/2014 137,500
30P 31/7/2014 50,000
12P 1/2/2015 180,000
Total 367,500

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, the Company's core gold-silver projects are Las Calandrias (100%), Sierra Blanca (100%), Los Amigos JV (49%) and Aguila-Picadero (100%). 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. 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 in a 92,000 km² area in north-central Chile along the highly prospective Atacama Fault Zone. Mariana is also evaluating a number of gold-silver and copper-gold opportunities away from the Cliffs JV area.

On 19 December 2011, Mariana announced that AngloGold had completed a strategic placement whereby AngloGold was issued 45,000,000 shares in Mariana at a price of 12 pence per share. AngloGold has the right to maintain its equity of 19.9% in Mariana in further issues by Mariana.

Incorporated in Guernsey registered number 44276.

NEITHER THE TSX NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE

Contact Information

  • In Australia:
    Mariana Resources Ltd
    John Horsburgh
    Chairman
    +61 2 94374588

    Mariana Resources Ltd
    Glen Parsons
    CFO
    +612 94374588

    RFC Ambrian Limited (Nomad)
    Rob Adamson
    +61 2 9250 0041

    RFC Ambrian Limited (Nomad)
    Will Souter
    +61 2 9250 0050

    In U.K.
    Fox Davies Capital (Co UK Broker)
    Jonathan Evans
    +44 20 3463 5000

    St Brides Media and Finance Ltd (PR)
    Felicity Edwards
    +44 20 7236 1177

    RFC Ambrian Limited (Co UK Broker)
    Klara Kaczmarek
    +44 20 7634 4725

    In Canada:
    Mariana Resources Ltd (Vancouver Office)
    Kathryn Witter
    +1 604 669 9336