AGQ

Arian Silver Corporation ("Arian" or the "Company") (TSX
VENTURE:AGQ)(AIM:AGQ)(PLUS:AGQ)(FRANKFURT:I3A), a silver exploration,
development and production company with a focus on projects in the silver belt
of Mexico, today announced a progress update on its San Jose exploration. 




Highlights:                                                                 

--  Phase-3 drill programme completed and all assay results received; 
--  Multiple high-grade silver intercepts on the San Jose Vein west of the
    village of Guanajuatillo, including one intercept totaling more than 20
    metres true width; 
--  Mineralisation remains completely open along the western strike and to
    depth; 
--  Phase-4 drill programme started; and 
--  Independent resource estimate update currently in progress. 



Commenting on today's operations update, Arian's Chief Executive Officer, Jim
Williams, said:


"The drill results announced today not only show continuity of vein thickness
and grade as we explore west along the San Jose Vein but also show several wide
high-grade silver and base metal intercepts. These results complete our Phase-3
drilling programme and will be incorporated into the independent resource
estimate that is currently in process. We have now started a Phase-4 drill
programme with the main aim to drill in detail the entirety of the San Jose Vein
on our concession and as well as additional previously defined targets that are
parallel and sub-parallel to the main vein structure."


Drilling continues with the recently started Phase-4 programme for which 40
drill holes are currently planned. The Phase-3 drill programme, which was
completed after drilling a total of 10,224 metres for 44 holes was concentrated
in the areas between Solidad and Santa Ana (8 holes) and east and then west of
the village of Guanajuatillo (36 holes). This programme, which was concluded
some two kilometres east of the western boundary of the concession, confirms the
continuation of silver (Ag), lead (Pb) and zinc (Zn) mineralization in a
westerly direction. Selected intercepts to note from the final batch of the
Phase-3 drilling include:




--  Hole GW-11-019 comprising 4.81 metres with 334 g/t Ag. 
--  Hole GW-11-029 comprising 2.27 metres with 319 g/t Ag. 
--  Hole GW-11-032 comprising multiple intercepts including: 
    --   6.91 metres with 251 g/t Ag; 
    --  6.26 metres with 625 g/t Ag, 2.50% Pb and 3.25% Zn; and 
    --  9.24 metres with 349 g/t Ag, 5.58% Pb and 12.40% Zn. 
--  Hole GW-11-034 comprising multiple intercepts including: 
    --  3.93 metres with 338 g/t Ag; 
    --  2.09 metres with 625 g/t Ag; and 
    --  3.93 metres with 283 g/t Ag. 
--  Hole GW-11-036 comprising 1.22 metres with 224 g/t Ag, 5.60% Pb and
    2.63% Zn. 



A complete list of all the latest batch of assay results can be obtained via the
following link:


http://www.ariansilver.com/i/pdf/2011-06-27_RNS27_DHT.pdf

A plan map showing the location of the latest drill holes along the San Jose
Vein can be found via the following link:


http://www.ariansilver.com/i/pdf/2011-06-27_RNS27_LP.pdf 

Currently, Phase-4 drilling is concentrating west of the previous drilling and
will comprise a combination of step-out and in-fill drilling. Further in-fill
drilling is planned to the east of the village of Guanajuantillo and also on
parallel and sub-parallel vein-hosted mineralisation.


QA/QC

All technical information for the San Jose Project is obtained and reported
under a formal quality assurance and quality control (QA/QC) programme. The core
is logged and photographed by Arian staff and then split using a diamond saw.
Half the core is stored on-site in a secure core shed and the other half is
labelled, bagged and secured before transporting to Stewart Group's sample
preparation facility in Zacatecas, Mexico. Each sample has its own unique sample
number. The entire half-core is crushed to minus 10 mesh and a half kilogram
riffle split is pulverized and homogenized to minus 200 mesh. The pulp samples
are then air freighted to Stewart Group's analytical laboratory in Canada for
analysis. Systematic assaying of duplicates, blanks and certified reference
material is performed for precision and accuracy; quality procedures and
processes are continually reviewed and monitored with protocols in place to deal
with any non-conformity. Stewart Group's laboratories in Zacatecas, Mexico, and
Kamloops, BC Canada are ISO 9001:2000 accredited.


Approximately 5% of the analysed samples are re-sampled and sent to ALS Chemex
preparation facility in Guadalajara, Mexico. The samples consist of both coarse
reject samples as well as pulp samples. The coarse material is crushed and
pulverised according to the same protocol, and the pulp samples are air
freighted to ALS Chemex's analytical laboratories in Vancouver, Canada, for
analysis. Results from all duplicate analyses are compared to identify potential
analytical or sampling errors.


Stewart Group and ALS Chemex Laboratories are independent of Arian.

The samples were analysed for a multi element scan by aqua regia digestion and
ICP (inductively coupled plasma) finish. High-grade samples (greater than 200
g/t Ag) were re-analysed by fire assay with a gravimetric finish. 


Qualified Person 

Mr. Jim Williams, Eur Ing, Eur Geol, BSc, MSc, D.I.C., FIMMM, the Chief
Executive Officer of Arian, is a "Qualified Person" as defined in the AIM
guidelines of the London Stock Exchange, and a "Qualified Person" as such term
is defined in Canadian National Instrument 43-101 ("NI 43-101"). This press
release has been prepared under Mr. Williams' supervision. Mr. Williams has
verified the data disclosed by this release. 


Forward-Looking Information

This press release contains certain "forward-looking statements". All
statements, other than statements of historical fact, that address activities,
events or developments that the Company believes, expects or anticipates will or
may occur in the future (including, without limitation, statements relating to
the drilling programme at San Jose and a revised resource calculation) are
forward-looking statements. These forward-looking statements reflect the current
expectations or beliefs of the Company based on information currently available
to the Company. Forward-looking statements are subject to a number of
significant risks and uncertainties and other factors that may cause the actual
results of the Company to differ materially from those discussed in the
forward-looking statements, and even if such actual results are realized or
substantially realized, there can be no assurance that they will have the
expected consequences to, or effects on the Company.


Any forward-looking statement speaks only as of the date on which it is made
and, except as may be required by applicable securities laws, the Company
disclaims any intent or obligation to update any forward-looking statement,
whether as a result of new information, future events or results or otherwise.
Although the Company believes that the assumptions inherent in the
forward-looking statements are reasonable, forward-looking statements are not
guaranteed of future performance and accordingly undue reliance should not be
put on such statements due to the inherent uncertainty therein.

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