AGQ

Arian Silver Corporation ("Arian" or the "Company") (TSX
VENTURE:AGQ)(AIM:AGQ)(FRANKFURT:I3A) announces its intention to file a technical
report including a summary of operational details and economic factors.


The British Columbia Securities Commission (the "Commission") has reviewed the
Company's independent technical report, compiled by CSA Global Limited ("CSA")
and dated 23 April 2012 (the "2012 Report"), which was published for the primary
purpose of updating investors with the results of the 10,000 metre phase 4
drilling programme at Arian's San Jose property.


The Commission's review of the 2012 Report identified areas of non-compliance
with the Canadian standards of disclosure for mineral projects, ("NI 43-101").
The updated technical report will address these points and will be filed on
SEDAR shortly.


The areas of disclosure do not impact the Company's estimated mineral resources
or any quarterly production or financial results previously reported.


As the Company's independent 2009 preliminary economic assessment report ("PEA")
was not current at April 2012, but was cross-referenced in the technical report,
the document is deemed not to comply with the requirements of NI 43-101; the
updated economic analysis will correct this.


When the PEA was published in 2009, Arian had not commenced either contract
mining or toll milling. The Company's trial mining and milling operations since
then, together with internal metallurgical test-works, the upgraded mineral
resource estimate, and mine development work, enable the economic assessment to
be updated with more refined figures.


A further announcement will be made when the technical report is filed.

FOR FURTHER INFORMATION PLEASE CONTACT: 
Arian Silver Corporation
Jim Williams
CEO
(London) +44 (0)20 7887 6599
jwilliams@ariansilver.com


Arian Silver Corporation
David Taylor
Company Secretary
(London) +44 (0)20 7887 6599
dtaylor@ariansilver.com


Grant Thornton Corporate Finance
Gerry Beaney / Philip Secrett / David Hignell
(London) +44 (0)20 7383 5100
gerry.d.beaney@uk.gt.com


Yellow Jersey PR Limited
Dominic Barretto
(London) +44 (0)7768537739
dominic@yellowjerseypr.com


XCAP Securities PLC
Jon Belliss
(London) +44 (0)20 7101 7070
jon.belliss@xcapgroup.com


CHF Investor Relations
Juliet Heading
(Canada) +1 416 868 1079 x 239
juliet@chfir.com

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