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Issue of Employee Options

23rd Feb 2007 10:58

Registered Office:Granite House,La Grande Rue,St. Martin, Guernsey GW1 3RS

Incorporated in Guernsey Registered No. 4426

Date: 23rd. February 2007.

ISSUE OF EMPLOYEE OPTIONS

1. Pursuant to the Company's Employee Option Plan and as an important

incentive component of employee's remuneration packages, Mariana today issued the following options to staff in the group companies. No. of options Exercise price First exercise Expiry date per share date 345,000 24 pence 1 February 2008 31 January 2012 312,000 28 pence 1 February 2009 31 January 2012 308,000 30 pence 1 February 2010 31 January 2012 Total 965,000

2. As a consequence of the issue of options referred to above, the Company now

has the following options on issue.

No. of options Exercise price First exercise Expiry date per share date 1,040,000 4 pence Current 25 August 2008 950,000 4 pence Current 14 October 2008 200,000 4 pence Current 16 November 2008 50,000 4 pence Current 17 February 2009 750,000 6 pence Current 11 May 2009 450,000 8 pence Current 12 May 2009 140,000 8 pence Current 14 October 2009 200,000 8 pence Current 28 October 2009 400,000 8 pence Current 15 June 2010 300,000 8 pence Current 6 February 2010 1,452,000 20 pence Current 18 May 2008 353,548 25 pence Current 18 May 2010 164,124 20 pence Current 1 August 2010 163,000 24 pence 1 June 2007 31 May 2011 138,000 28 pence 1 June 2008 31 May 2011 139,000 30 pence 1 June 2009 31 May 2011 345,000 24 pence 1 February 2008 31 January 2012 312,000 28 pence 1 February 2009 31 January 2012 308,000 30 pence 1 February 2010 31 January 2012 Total 7,854,000 G. HamiltonDirectorFor more information:Mariana Resources Limited RFC Corporate Finance Limited (Nomad)

John Horsburgh +61 2 9437 4588 Rob Adamson +61 2 9250 0041 (Chairman) Glen Parsons +61 2 9250 0036 John Sutcliffe (MD) +5932 298 6464 Conduit PR Limited Haywood Securities (UK) Limited (Public Relations) (Broker) Laurence Read +44 20 7429 6605 Daniel Brooks +4420 7031 8000 +44 797 9955 923 Ed Portman +44 20 7429 6667 +44 773 3363 501 Registered Office: Granite House, La Grande Rue, St Martin Guernsey GY1 3RS Channel Islands Registered Office: Granite House, La Grande Rue, St. Martin, Guernsey GY1 3RS Channel Islands

MARIANA RESOURCES LTD

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Mariana Resources
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