Mariana Resources Ltd.
TSX : MRY
AIM : MARL

Mariana Resources Ltd.

June 13, 2012 08:00 ET

Mariana Resources Limited: Voting Results for the Annual General Meeting of Shareholders Held on 13 June 2012

Report of Voting Results

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 13, 2012) - Mariana Resources Ltd. (TSX:MRY)(AIM:MARL) -

To: The Applicable Securities Commissions

In accordance with section 11.3 of National Instrument 51-102 Continuous Disclosure Obligations, this report briefly describes the matters voted upon and the outcome of the votes at the annual general meeting of shareholders (the "Meeting") of Mariana Resources Limited (the "Company") held on 13 June 2012.

  1. Report of Directors and Financial Statements

By unanimous vote on a poll the Report of Directors and the Financial Statements for the year ended 31 December 2011 were adopted.

  1. Election of Mr Christopher Mitchell as a Director

By unanimous vote on a poll Mr Christopher Mitchell was re-elected as a director until such time as he is required to submit for re-election in accordance with the Articles of Incorporation of the Company.

  1. Election of Mr John Robert Horsburgh as a Director

By majority vote on a poll Mr John R. Horsburgh was re-elected as a director until such time as he is required to submit for re-election in accordance with the Articles of Incorporation of the Company. Votes on the poll were: For 95% Against 5%.

  1. Remuneration of Non-executive Directors

By majority vote on a poll the aggregate annual fees for non-executive directors was set at £150,000 annually, to be distributed among them as the Board sees fit. Votes on the poll were: For 95% Against 5%.

  1. Appointment and Compensation of Auditors

By unanimous vote on a poll Grant Thornton Limited was appointed as auditor of the Company, at a remuneration to be determined by the directors.

  1. Delete Article 49.5 from the Articles of Incorporation

Shareholders were asked to pass a special resolution to delete Article 49.5 of the Articles of Articles of Incorporation and renumber subsequent paragraphs of Article 49 accordingly. The special resolution was adopted unanimously on a poll.

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.

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
    +61 2 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
    www.marianaresources.com