Arian Resources Corp. (TSXV:ARC) agreed to acquire Balkan Resources Sh.p.k. (BRS) from Balkan Resources, Inc. (Balkan) for CAD 9.6 million in cash and stock on January 30, 2014. On February 14, 2014, Arian will issue 5 million shares to Balkan, valued at CAD 0.625 million, on June 30, 2015, Arian will make a CAD 2 million dollar cash payment to Balkan, on December 30, 2016, Arian will make a further CAD 2 million dollar cash payment to Balkan. On the date that a concentrate emanating from the Perlat exploitation license, owned by BRS has been accepted by a smelter, Arian will make a cash payment to Balkan of CAD 2 million dollars and will have the option to either pay Balkan a further CAD 3 million dollars or issue Balkan 3 million common shares. If a concentrate from the Perlat exploitation license has not been accepted by a smelter by December 31, 2018 then Arian will make a cash payment of CAD 2 million dollars to Balkan. Upon commercial production Balkan will receive a 2.5% Net Smelter Return for the duration of the life of the mine. The agreement is subject to receipt of applicable regulatory approvals including acceptance by the TSX Venture Exchange.

Arian Resources entered into a share purchase agreement to acquire Balkan Resources Sh.p.k. from Balkan Resources, Inc. on March 25, 2014, pursuant to approval by TSX Venture Exchange. Arian shall pay CAD 2 million in cash on June 30, 2014 and December 30, 2016, as well as 5 million common shares at closing.

Arian Resources Corp. (TSXV:ARC) completed the acquisition of Balkan Resources Sh.p.k. (BRS) from Balkan Resources, Inc. (Balkan) on April 1, 2014.