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Mariana Intersects 96m @ 0.92 g/t Au, 15 g/t Ag and 0.2% Cu in Breccia # 5 at Soledad in Central Peru

Mariana Resources Ltd ('Mariana' or 'the Company'), the AIM quoted exploration and development company focused in Peru and southern Argentina, announces further positive results from its 2000m drill campaign at the copper-gold-silver Soledad prospect in Peru ('Soledad' or 'the Project'), located in the prospective Cordillera Negra metallogenic province approximately 34 km to the south of the Pierina gold-silver mine operated by Barrick Gold Corporation (Fig 1). Mariana has an option to earn a 70% interest in Soledad, which is fully drill permitted, through its agreement with tenement owners Condor Resources Inc. (TSXV:CN) ('Condor').

The first seven holes of the 2000m program (Fig 2) were designed to test grade and extent of mineralisation in the cluster of quartz-tourmaline breccias which provide a vector towards a potential mineralised copper-gold porphyry at depth. The balance of the drill program, with assay results outstanding, has been designed to target for a concealed porphyry at approximately 200m depth.

Overview

• First half of the program has confirmed strong mineralisation extending over a 1km diameter between Breccia 1 and the previously untested Breccia 5, 6 and Cima Blanca targets (Fig 2)
• SDH-007 (Breccia 5) intersected breccia-hosted sulphide mineralisation with 96m @ 0.92 g/t Au, 15 g/t Ag and 0.2% Cu from 33m, including 26m @ 1.5 g/t Au and 0.2 % Cu from 103m to 129m (Fig 3)
• SDH-005 (Breccia 6) intersected breccia-hosted sulphide mineralisation with 74m @ 0.54 g/t Au, 34 g/t Ag from 2m, including 37m @ 0.82 g/t Au, 65 g/t Ag from 2m (Fig 4)
• Mariana previously reported SDH-001 (Breccia 1) intersected breccia-hosted sulphide mineralisation with 33m @ 3.4 g/t Au, 23 g/t Ag, 1.0% Cu from 58m, including 21m @ 5.2 g/t Au, 34 g/t Ag, 1.5% Cu from 59m
• At Cima Blanca (high level porphyry target), SDH-003 intersected gold and silver mineralisation in a silicified structure above a zone of strongly anomalous molybdenum (Fig 5) with 5m @ 3.9 g/t Au and 13 g/t Ag from 43m; including 2.75m @ 7.0 g/t Au and 24 g/t Ag and 17m @ 58 ppm Mo including 3m @ 166 ppm Mo from 143 m
• At Breccia 3 , minor zones of mineralisation were intersected:
  • SDH-004: 5m @ 18.8 g/t Ag from 5m and 2m @ 0.2 % Cu from 54m;
  • SDH-006: 4m @ 0.1 g/t Au, 11 g/t Ag and 0.2 % Cu from 72m

Chief Executive Officer, Glen Parsons commented, "Results of mineralisation from the first half of the program have been extremely encouraging with centres of mineralisation at Breccias 1, 5, 6 and Cima Blanca occurring within a 1km2 area (Fig 2). The new target areas specifically Breccia 5 and 6 have yielded further strong mineralisation within the pipes, which along with results from Breccia 1 enhances our overall geological model considerably. Drilling to date focussed on shallower zones within the pipes to confirm extent of this mineralisation. Now we are completing the drill programme by targeting deeper breccia pipe levels and adjoining potentially mineralised intrusive porphyry at depth(Fig 6). The scalability of Soledad has certainly been enhanced with results to date and we look forward to updating the market with the next phase of deeper holes."

Link to Figs: https://marianaresources.com/site/media/June_17_2014_NewsRelease_Maps.pdf

Summary of holes SDH-002 to 007

Mariana's objective at Soledad is to discover breccia-hosted and/or porphyry-hosted bulk tonnage mineralisation at depth associated with the cluster of mineralised breccias known at surface through a multi target approach (Fig 2). The drilling strategy has been to:

1. confirm historical intercepts at Breccia 1
2. scout drilling of Breccias 2, 3, 5 and 6 (only Breccia 1 was drilled by Rio Amarillo in 1990s)
3. deeper drilling of selected breccias and
4. testing of concealed porphyry targets based on geophysics, mapping , geochemistry and ongoing drill results.

An updated conceptual exploration model (Fig 6) indicates this multi target approach and potential porphyry targets below the pipes.

Breccias 5 and 6 - SDH-005,007

Breccia 5 target is located 500m south of Breccia 6 (Fig 2). SDH-007 was drilled to 142.5m (beneath 10m @ 1.3 g/t Au 142 g/t Ag surface channel sampling) and intersected 96m of quartz-tourmaline-sulphides breccias (pyrite, chalcopyrite, chalcocite, galena and sphalerite). Gold assays are consistent throughout the breccia, averaging 0.9 g/t Au with 0.2% Cu. The copper grade appears to increase with depth and a follow up deeper hole is planned to test for porphyry hosted copper-gold mineralisation in the vicinity of the root zones of the pipe. (Fig 3)

Breccia 6, located 1km NW of Breccia 1 was tested by SDH-005, which was drilled to 85.5m. Similar mineralisation to Breccia 1 was intersected from near surface with 74m of intensely mineralised breccia with quartz-tourmaline pyrite, galena, sphalerite and chalcopyrite thereafter. The interval averaged 0.55 g/t Au, 34 g/t Ag, including 37m @ 0.82 g/t Au, 65 g/t Ag Hole SDH-05 (Fig 4). Taking into account that SDH-005 was collared 100m higher in elevation than the Breccia 1 outcrop, it is considered that a copper-rich zone may be present below the gold-silver zone at Breccia 6 (Fig 4). For comparison, SDH-001 intersected 33m @ 1.0% Cu, 3.4 g/t Au, 23 g/t Ag from 58m at Breccia 1.

Breccia 3 -SDH-004, SDH-006

Breccia 3 target area consists of multiple sub parallel quartz-tourmaline breccias associated with EW trending structures. Hole SDH-04 shows enrichment in Ag and Cu in a moderate quartz-sericite alteration with strong pyrite dissemination and stockworks. Both holes intersected minor zones of mineralisation: SDH-04: 5m @ 18.8 g/t Ag from 5m and 2m @ 0.2 % Cu from 54m; SDH-06: 4m @ 0.1 g/t Au, 11 g/t Ag and 0.2 % Cu.

Cima Blanca - SDH-002, SDH-003

At Cima Blanca, 1km north of Breccia 1, Hole SDH-03 tested a high chargeability target below widespread surface argillic alteration and a silicified structure with anomalous Au at surface (Fig 5). It intersected 2.75m @ 7.0 g/t Au, 24 g/t Ag from 47m and a 17m zone of strongly anomalous molybdenite averaging 58 ppm from 139m, hosted by argillized pyritic granodiorite. The SDH-003 intersection is interpreted as being that of a high level porphyry system.

No significant assays were returned for SDH-002 which was drilled to 88.5m to test a prominent chargeability anomaly coinciding with intense surface argillic alteration. It intersected clay-altered pyritic breccias from 19m to 43m with granodiorite (propylitic alteration) and disseminated pyrite from 43m.

Remaining Drilling
A further 4 holes have been drilled (Fig 2) at Breccia 1 (SDH-009, 321m), Breccia 5 (SDH-010 - aborted), Breccia 2 (SDH-008, SDH-011, 242m with 15m brecciated structure) and with SDH-012 in progress at Breccia 5. Hole SDH-009 intersected strong breccia-hosted copper mineralisation from 91m to 265m. Assays are expected shortly for holes SDH 008 (Breccia 2) and SDH-009 (Breccia 1) with logging, sample processing in progress for the remainder.

Background
Targeting
Drill targeting is based on IP, magnetics, mapping and geochemical sampling (Condor) and mapping, channel sampling and grid-based geochemistry (Mariana). As a result Soledad is subdivided into a number of zones of interest, some of which contain multiple targets. Target areas from north to south are summarised below:
Area A - A 500 x 250m target area with strong to moderate silicification, advanced argillic alteration, sulphidic vuggy silica with strong mercury anomalies (up to 35ppm Hg in channel samples) and anomalous gold (Condor sampling) with coincident resistivity/chargeability anomalies.

Area B - Breccia 6 with 25.5m @ 0.2 g/t Au, 41 g/t Ag (Trench 1) and a prominent resistivity anomaly.

Area C - Possible mineralised intrusive, central to the "ring" of breccia pipes indicated by coincident magnetic, resistivity, chargeability anomalies and mapping.

Area D - Multiple breccia pipes hosted by andesites (including Breccias 1, 2, 3, 5 and 7), variable characteristics but typically 30-80m diameter EW, and some showing a combination of a number of pipes. Breccia sulphides include arsenopyrite, sphalerite, galena chalcoppyrite, pyrite with associated copper oxides, probable silver sulfosalts and gold. Core zones are silicified with drusy quartz (up to 1 g/t Au) and chalcedonic quartz with sulfide in the breccia matrix (up to 8 g/t Au). Host andesites display phyllic, argillic, propylitic and silica- tourmaline alteration. Breccia 5 is the largest breccia pipe with the best geophysical response and promising channel sample results - 10m @ 1.3 g/t Au ,142 g/t Ag.

Breccia 1

Breccia 1 was tested by Rio Amarillo in the 1990s with reported intersections*:

DDH 5: 28.5m @ 1.1% Cu, 5.0 g/t Au, 28 g/t Ag, from 55.5m
DDH3 - 61.5m @ 1.8% Cu, 1.9 g/t Au, 146 g/t Ag from 68m
DDH2 - 33.0m @ 2.5 g/t Au from 72m
DDH 10 - 48m @ 2.6% Cu, 0.9g/t Au, 60 g/t Ag from 176m

Hole SDH-001 (see NR dated 20/5/2014) confirmed mineralisation previously reported at the Breccia 1 hydrothermal tourmaline breccia pipe in DDH-005 (Rio Amarillo 1996). The breccia pipe with surface dimensions of approximately 40 x 30m was intersected at a vertical depth of 60m. Up to 33m of well mineralised hydrothermal breccias are associated with quartz and tourmaline, pyrite, arsenopyrite, chalcopyrite and bornite. SDH-001 intersected breccia-hosted sulphide mineralisation within the pipe with 33m @ 1.0% Cu, 3.4 g/t Au, 23 g/t Ag from 58m, including 21m @ 1.5% Cu, 5.2 g/t Au, 34 g/t Ag, from 59m.( Corrected following revision from ALS- previously reported 20/5/2014: 33m @ 3.2 g/t Au, 23 g/t Ag, 1.0% Cu from 58m, including 21m @ 4.7 g/t Au, 34 g/t Ag, 1.5% Cu from 59m).

Condor Option

Under the terms of the LOI, Mariana has the right to acquire a 70% interest in the property within four years by incurring direct exploration costs of US$4,000,000 and making cash and/or share equivalent payments to Condor for a cumulative sum of US$1,125,000.

ADDITIONAL INFORMATION
Qualified Person
The information in this release has been reviewed by John Horsburgh who is a Fellow of the Australasian Institute of Mining and Metallurgy. Mr Horsburgh holds a B.Sc in Mining Geology and an M.Sc in Applied Geophysics from the Royal School of Mines, Imperial College, London and has over 40 years experience in mineral exploration and project development worldwide.

Quality Assurance/Quality Control
Drilling is being performed by Energold Drilling Peru SAC utilising an S-2 hydraulic portable diesel rig.

All technical information for the Soledad project is obtained and reported under a quality assurance and quality control (QA/QC) program.Samples are shipped to and assayed by the ALS Chemex Laboratory in Lima, Peru, a laboratory whose quality control system complies with International Standards ISO 9001:2000 and ISO 17025:2005. A four-acid digestion with 33 element ICP-AES analysis is conducted on all samples, with silver, lead and zinc being re-analyzed with atomic absorption spectrometry method when analyzing over the ICP limits. Gold is assayed using a fire assay with an atomic absorption spectrometry finish. Systematic assaying of sample duplicates and commercially prepared standards and blanks is performed for analytical reliability.Screen fire assays for gold may be carried out on selected samples.A secure chain of custody is maintained in transporting and storing of all samples.

*Note the above 1996 drill assay results are historic (Rio Amarillo 1996), have not been verified by either Condor or Mariana, and should not be relied on. However, the twinning of Rio Amarillo hole DDH 5 by Mariana hole SDH-001 validates the DDH 5 intersection.

**ENDS**

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

In Australia:
John Horsburgh (Chairman)	Mariana Resources Ltd	[phone]
Glen Parsons (CEO)	Mariana Resources Ltd	[phone]
Rob Adamson	RFC Ambrian Limited (Nomad)	[phone]
Will Souter	RFC Ambrian Limited (Nomad)	[phone]
In U.K.
Jonathan Williams	RFC Ambrian Limited (UK Broker)	[phone]
Felicity Edwards	St Brides Media and Finance Ltd (PR)	[phone]

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.

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.