OREANDA-NEWS. Mariana Resources Ltd, the AIM listed exploration and development company with projects in Turkey and South America, announces that it is strengthening its relationships with Lidya Mining ("Lidya") and Sandstorm Gold by appointing Mustafa Aksoy from Lidya and Ron Ho from Sandstorm Gold as non-executive directors to the Mariana Board, effective 5 July 2016.

These appointments come at a time when Mariana is evolving from a pure junior exploration company, listed on AIM, to a dynamic entrepreneurial precious metals company with a focused strategy of progressing economically exciting projects up the development curve.

Chief Executive Officer, Glen Parsons, today commented:

"Mariana is moving into exciting times as it effectively transitions from being a penny stock to one of substance.  As Mariana grows we strongly believe in maintaining robust and open relationships with our partners and, with this in mind, we have strengthened our Board through the appointment of Mustafa Aksoy the Managing Director of Lidya. Lidya is the current 70% owner and operator of the high grade Hot Maden gold-copper project in north eastern Turkey. 

"We also welcome Ron Ho, Vice-President Finance at Sandstorm Gold. Sandstorm recently participated in the Company's private placing and now has a 7.5% interest in Mariana.

"My Board and I are delighted to have both Mustafa and Ron join the Mariana team at such an exciting growth phase.  We believe they will bring siginifcant experience and knowledge to the table and warmly welcome them to Mariana."

Mustafa Aksoy (Age 39) MBA
Mustafa Aksoy has close to 20 years working experience in Banking, Corporate Finance, M&A, Business Development and Management. Having worked in two Turkish banks as an auditor, Mustafa joined ?alik Holding in 2004 and worked in various business lines of the Group. Since 2010 he has been a Board Member and the Managing Director of Lidya Mining. Under his watch, the Company emerged as one of the best performing development teams in Turkey with multiple significant discoveries.  He has overseen the transition of Lidya from being an investor to becoming an operator of multiple mines. Mustafa studied Public Administration in Turkey and holds a MBA from Antwerp University in Belgium.

Ron Ho (Age 38) CPA, CA, CFA
Ron Ho has been with Sandstorm Gold for the past seven years, focused on structuring mine financing transactions and corporate development.  Prior to Sandstorm, he served as the Chief Financial Officer for SNS Silver Corporation, where he contributed to equity capital raises and project evaluation and development and was an Equity Analyst at Raymond James Ltd. where he was responsible for sector institutional research. Mr Ho began his career at Deloitte & Touche, focusing on public company financial reporting in both the U.S. and Canada. Mr Ho is a Chartered Accountant, holds the designation of Chartered Financial Analyst charter holder and received a Bachelor of Commerce from the University of British Columbia.

Mariana Resources Ltd is an AIM quoted exploration and development company with an extensive portfolio of gold, silver and copper projects in South America and Turkey. 

Mariana's most advanced asset is the Hot Maden gold-copper project in north east Turkey, which is a joint venture with its Turkish JV partner Lidya (30% Mariana and 70% Lidya) rapidly advancing to development. A maiden mineral resource estimate of 2.03 Moz gold Equivalent (Indicated Category) and 0.97 Moz gold Equivalent (Inferred Category) (100% basis) was reported for Hot Maden on August 18, 2015. Elsewhere in Turkey, Mariana holds a 100% interest in the Ergama gold-copper project.  

In southern Argentina, the Company's core gold-silver projects are Las Calandrias (100%), Sierra Blanca (100%), Los Cisnes (100%), Bozal (100%). These projects are part of a 160,000+ Ha land package in the Deseado Massif epithermal gold-silver district in mining-friendly Santa Cruz Province.

Mariana acquired 100% interests in the Do?a Ines gold-silver and Exploradora East copper prospects in northern Chile through the Aegean Metals Group transaction which closed in January, 2015, with Mariana exploration now being funded by Asset Chile through the provision of $1.65m for a total 50% interest. 

In Suriname, Mariana has a direct holding of 10.2% of the Nassau Gold project. The Nassau Gold Project is a 28,000 Ha exploration concession located approximately 125 km south east of the capital Paramaribo and immediately adjacent to Newmont Mining's 4.2Moz gold Merian project. 

In Peru, Mariana is focusing on acquiring new opportunities which complement its current portfolio.