ASL Argentum Silver Corp

Argentum Silver Corp. ("Argentum" or the "Company") (TSX VENTURE:ASL) is pleased
to announce assay results from the Company's 1053 hectare Coyote Project,
located in the state of Jalisco, Mexico. The Coyote project controls the
historic San Miguel de la Sierra mining district. The Company holds an option to
acquire 100% of the Coyote and Victoria projects from Soltoro Ltd., as detailed
in our news release dated April 26, 2011. Exploration crews have been exploring
the project since the spring of 2011, with programs including geologic mapping,
rock chip sampling and mapping of mine workings. 


The Company has mapped dozens of epithermal low sulfidation vein systems and
stockwork zones, the majority of which occur within seven defined belts of
mineralization over an area of approximately 1.5 x 2.6 kilometres. Within the
seven belts, 197 rock chip samples have been taken to date. The majority of the
samples are continuous rock chip samples, with sample widths ranging from 0.3
metres to 10 metres. The average sample width is 1.9 metres. Twenty-six samples
reported greater than 100 g/t silver, with highlights including 2.5 mtrs @ 458
g/t Ag, 0.8 mtrs @ 423 g/t Ag, 0.8 mtrs @ 661 g/t Ag, 1.0 mtr @ 505 g/t Ag and
0.8 mtrs @ 475 g/t Ag. The global average of the samples is 86.8 g/t Ag and
0.096 g/t Au. In addition to the high grade veining there is excellent potential
for bulk tonnage mineralization as evidenced by wide zones of stockwork
mineralization. 


The Company's current exploration programs will include interpretation of the
geophysical surveys, continued mapping and sampling, and mechanical trenching to
determine true widths and grades of mineralization. This continuing program will
lead to identification of drill targets. 


The technical information in this news release has been prepared in accordance
with Canadian regulatory requirements set out in National Instrument 43-101 and
reviewed by Jim Robinson, the Company's Senior Geological Consultant and
Advisor, and a Qualified Person under NI 43-101. Assays are being performed by
ALS Chemex with analytical procedures including a 33 element ICP-AES analysis
(ME-ICP61m) and a 50 g FA AA finish for gold (AA-24). Silver assays exceeding
100 g/t are re-assayed by HCL leach with an ICP-AES or AAS finish (OG62). 


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. Argentum also has an option to
earn a 100% interest from Soltoro Ltd. in the Victoria and Coyote silver-gold
projects located in Jalisco, Mexico. 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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