ASL Argentum Silver Corp

Argentum Silver Corp. (TSX VENTURE:ASL) ("Argentum" or the "Company") announces
that has entered into a letter of intent (the "LOI") with Soltoro Ltd. (TSX
VENTURE:SOL) whereby Argentum may earn a 100% interest in two of Soltoro's
properties in Jalisco, Mexico, subject to TSX Venture Exchange approval.


The LOI allows Argentum to acquire a 100% undivided interest in Soltoro's
Victoria and Coyote silver gold projects by paying CDN$255,000 in total cash
payments, issuing an aggregate 5,000,000 common shares of Argentum and spending
a total of CDN$1.1 million on exploration over 2 years. Soltoro retains a 3% NSR
interest in each project whereby 1% can be purchased for US$1.5 million to a
maximum of 2% for each project. The earn-in period can be accelerated at the
discretion of Argentum. The Companies have agreed to use best efforts to
complete an option agreement by April 15, 2011 whereby Argentum will pay Soltoro
a total CDN$135,000 in cash and issue 1,500,000 shares of Argentum with a
commitment to pay the balance of cash and shares by the first anniversary of the
agreement and carry out all exploration by the second anniversary.


Warren McIntyre, President and C.E.O. of Argentum, stated: "We are excited by
the prospect of joining a developing district play. Soltoro has done an
excellent job assembling the Victoria and Coyote property packages. Both are
near drill-ready with good silver-gold potential. Argentum and Soltoro share the
same philosophy where discovery is through expenditures in the ground and the
option arrangement we have arrived at for these land groupings permits us to
quickly pursue the deposit potential of these projects through drilling."


Andrew Thomson, President and C.E.O. of Soltoro Ltd., stated: "Argentum Silver
is a newly formed company with an experienced exploration team in Mexico with
silver-gold assets in Oaxaca State in southern Mexico. Upon completion of the
earn-in of Soltoro's Victoria and Coyote Projects, Soltoro will participate on a
royalty basis on any discoveries made on the Victoria and Coyote Projects while
also participating on an equity basis on all of Argentum Silver's properties.
This provides Soltoro with further interests in properties in southern Mexico,
advances two of its properties in Jalisco State, and allows Soltoro to remain
focused on expanding silver resources at its El Rayo Primary Silver Project."


About the Properties 

The 11,105 hectare Victoria Silver-Gold Project covers a large portion of the
historic Mascota-Navidad mining district in Jalisco, Mexico. Mining of this gold
silver district dates back to the mid 1500's and was most active at the turn of
the 19th century. A series of north south trending quartz veins were mined in
numerous historic high-grade gold silver mines. At the Lupita Mine near surface
high-grade gold silver mineralization was mined historically over 1 to 2 metre
widths at surface. High-grade veins up to 6 metres wide at 87 metres below
surface were reported in historical data. The high-grade gold-silver veins were
mined down to a depth of 230 metres over 11 levels. 


The 1,053 hectare Coyote Silver-Gold Project hosts silver mineralization with
lesser gold in banded and brecciatied quartz veins. The mineralized zone extends
over an area of about 2500m by 2000m. Five principal veins systems with a
cumulative strike length of at least 5 km are known which appear to be related
to a set of strike slip faults and their subsidiary dilation zones.
Mineralization is known to exist over at least 100m vertical distance. The
historic El Tajo silver mine last operated between the 1890's through to the
Mexican revolution. Two other underground mines are known on the property in
addition to numerous smaller surface workings. The area was placed into a
Mexican National Mineral Reserve in the 1970's and mapping and sampling was
completed by the Consejo de Recursos Minerales in the late 1970's. Soltoro
acquired the El Tajo mine area in December of 2010.


Mr. Patrick Toth, P. Geo., Vice President of Operations, Soltoro Mexico is a
qualified person as defined by NI 43-101 has reviewed and approved the contents
of this press release.


About Soltoro Ltd.

Soltoro Ltd. is engaged in exploration for bulk tonnage gold and silver deposits
in Mexico. The company continues to expand the existing NI 43-101 compliant
primary silver resource on its El Rayo project. Soltoro has optioned a portion
of its Quila claim to Timmins Gold Corp., optioned its Victoria and Coyote
claims to Argentum Silver Corp. and is actively advancing its La Tortuga,
Chinipas, El Santuario and Pena Grande projects. Soltoro has 45,647,658 shares
outstanding and trades on the TSX Venture Exchange under the symbol SOL.


About Argentum Silver

Argentum holds the right to acquire a 100% interest in the Lachiguiri,
Silacayoapan and Nino Perdido properties, all located in Oaxaca, Mexico, under
an option agreement with Arco Resources Corp. For further information, please go
to www.argentumsilvercorp.com.


On behalf of the Board of Directors of Argentum Silver Corp.

Warren McIntyre, President and Chief Executive Officer 

Argentum Silver Corp.

This News Release may contain forward-looking statements including but not
limited to comments regarding the timing and content of upcoming work programs,
geological interpretations, receipt of property titles, potential mineral
recovery processes, etc. Forward-looking statements address future events and
conditions and therefore involve inherent risks and uncertainties. Actual
results may differ materially from those currently anticipated in such
statements. Argentum relies upon litigation protection for forward-looking
statements.

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