ASL Argentum Silver Corp

Argentum Silver Corp. (TSX VENTURE:ASL) ("Argentum" or the "Company") announces
that it has closed the acquisition of the Lachiguiri and Silacayoapan properties
(the "Properties") from Arco Resources Corp. ("Arco") in accordance with a
settlement and purchase agreement dated May 9, 2012 (the "Purchase Agreement")
(see Argentum's news release dated May 10, 2012). The TSX Venture Exchange (the
"Exchange") has formally approved the transaction, which was a Non-Arm's Length
transaction under the policies of the Exchange, as Argentum and Arco have a
common director and officers.


Under the terms of the Purchase Agreement, Argentum acquired a 100% interest in
the Properties in consideration for the payment of $285,000 in cash. In
addition, Arco agreed to the cancellation of 1,500,000 common shares of Argentum
that were held in escrow under an escrow agreement dated February 15, 2011. The
amended and restated option agreement between Argentum and Arco dated February
1, 2011 has been terminated.


About Argentum Silver

Argentum has an option to earn a 100% interest from Soltoro Ltd. in the Coyote
silver-gold project and the Victoria property, each located in Jalisco, Mexico.
Argentum also owns a 100% interest in the Lachiguiri and Silacayoapan
properties, all located in Oaxaca, 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.

Forward-Looking Statements

Statements contained in this news release that are not historical facts
constitute "forward-looking statements" or "forward-looking information" within
the meaning of applicable securities laws and are based on expectations,
estimates and projections as of the date of this release. Forward-looking
statements include, without limitation, possible events, statements with respect
to the Transaction and the cancellation of the Escrowed Shares. The words "is
expected" or "estimates" or variations of such words and phrases or statements
that certain actions, events or results "may" or "could" occur and similar
expressions identify forward-looking statements. Forward-looking statements are
necessarily based upon a number of estimates and assumptions that, while
considered reasonable by Argentum as of the date of such statements, are
inherently subject to significant business, economic and competitive
uncertainties and contingencies. Known and unknown factors could cause actual
results to differ materially from those projected in the forward-looking
statements. Such factors include, but are not limited to: changes in national
and local government legislation, taxation, controls, regulations and political
or economic developments in Canada; business opportunities that may be presented
to, or pursued by, Argentum; and any other factors that may cause the
Transaction not to be completed. Many of these factors can affect Argentum's
actual results and could cause actual results to differ materially from those
expressed or implied in any forward-looking statements made by, or on behalf of,
Argentum. There can be no assurance that forward-looking statements will prove
to be accurate, as actual results and future events could differ materially from
those anticipated in such statements. Forward-looking statements are provided
for the purpose of providing information about management's expectations and
plans relating to the future. All of the forward-looking statements made in this
release are qualified by these cautionary statements and those made in our other
filings with the securities regulators in Canada. These factors are not intended
to represent a complete list of the factors that could affect Argentum. Although
Argentum believes that the expectations in the forward-looking statements are
reasonable, actual results may vary, and future results, levels of activity,
performance or achievements cannot be guaranteed.

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