London, England, Arian Silver Corporation (“Arian” or the “Company”) (TSXV: AGQ) (AIM: AGQ) (FRANKFURT: I3A), a silver exploration, development and production company with a focus on projects in the silver belt of Mexico, today announced the release of a Mineral Resource Report dated 23 April 2012 and entitled “Arian Silver Corporation, Resource Estimate 43-101 Technical Report, San José Project, Zacatecas, Mexico” prepared by CSA Global (UK) Limited (the “2012 Technical Report”) relating to the updated mineral resource estimates contained in Arian’s press release dated 12 March 2012 entitled “Arian Silver Increases Contained Silver at San José by 32% to More Than 117 Million Ounces in Updated Mineral Resource Estimate”. The 2012 Technical Report has been filed on SEDAR and can be found by visiting the Company’s publicly available records at www.sedar.com or on Arian’s website at www.ariansilver.com. About the Company Arian is a silver exploration and development company and is listed on London’s AIM; trades on London’s “PLUS” market; is listed on Toronto’s TSX Venture Exchange and on the Frankfurt Stock Exchange. Arian is active in Mexico, the world’s largest silver producing country. The Company’s main project is the San José project in Zacatecas State. Part of Arian’s forward-looking strategy lies in the envisaged use of large scale mechanized mining techniques over wider mineralized structures, which reduces the overall unit operating cost of metals, and to build up NI 43-101 compliant resources. Qualified Person The “Qualified Persons” (as such term is defined in Canadian National Instrument 43-101) who supervised the preparation of the SJ Technical Report, are Mr Galen White, who is an employee and Principal Consultant of independent consultants CSA Global (UK) Limited, and Mr Martin King, who is a Geological Consultant to CSA Global (UK) Limited. Messrs White and King have reviewed, verified and approved the contents of this release. 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. For further information please contact: Arian Silver Corporation Berkeley Square House Berkeley Square London W1J 6BD England OR Arian Silver Corporation Jim Williams CEO (London) +44 (0)20 7887 6599 [email protected] OR Grant Thornton Corporate Finance Gerry Beaney (London) +44 (0)20 7383 5100 [email protected] OR XCAP Securities PLC Karen Kelly (London) +44 (0)20 7101 7070 [email protected] OR Yellow Jersey PR Limited Dominic Barretto (London) +44 (0) 7768 537 739 [email protected] OR CHF Investor Relations Cathy Hume (Canada) +1 416 868 1079 x 231 [email protected] Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) and no stock exchange, securities commission or other regulatory authority accepts responsibility for the adequacy or accuracy of this release nor approved or disapproved of the information contained herein.

London, England, Arian Silver Corporation (“Arian” or the “Company”) (TSXV: AGQ) (AIM: AGQ) (FRANKFURT: I3A), a silver exploration, development and production company with a focus on projects in the silver belt of Mexico, today announced the release of a Mineral Resource Report dated 23 April 2012 and entitled “Arian Silver Corporation, Resource Estimate 43-101 Technical Report, San José Project, Zacatecas, Mexico” prepared by CSA Global (UK) Limited (the “2012 Technical Report”) relating to the updated mineral resource estimates contained in Arian’s press release dated 12 March 2012 entitled “Arian Silver Increases Contained Silver at San José by 32% to More Than 117 Million Ounces in Updated Mineral Resource Estimate”. The 2012 Technical Report has been filed on SEDAR and can be found by visiting the Company’s publicly available records at www.sedar.com or on Arian’s website at www.ariansilver.com. About the Company Arian is a silver exploration and development company and is listed on London’s AIM; trades on London’s “PLUS” market; is listed on Toronto’s TSX Venture Exchange and on the Frankfurt Stock Exchange. Arian is active in Mexico, the world’s largest silver producing country. The Company’s main project is the San José project in Zacatecas State. Part of Arian’s forward-looking strategy lies in the envisaged use of large scale mechanized mining techniques over wider mineralized structures, which reduces the overall unit operating cost of metals, and to build up NI 43-101 compliant resources. Qualified Person The “Qualified Persons” (as such term is defined in Canadian National Instrument 43-101) who supervised the preparation of the SJ Technical Report, are Mr Galen White, who is an employee and Principal Consultant of independent consultants CSA Global (UK) Limited, and Mr Martin King, who is a Geological Consultant to CSA Global (UK) Limited. Messrs White and King have reviewed, verified and approved the contents of this release. 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. For further information please contact: Arian Silver Corporation Berkeley Square House Berkeley Square London W1J 6BD England OR Arian Silver Corporation Jim Williams CEO (London) +44 (0)20 7887 6599 [email protected] OR Grant Thornton Corporate Finance Gerry Beaney (London) +44 (0)20 7383 5100 [email protected] OR XCAP Securities PLC Karen Kelly (London) +44 (0)20 7101 7070 [email protected] OR Yellow Jersey PR Limited Dominic Barretto (London) +44 (0) 7768 537 739 [email protected] OR CHF Investor Relations Cathy Hume (Canada) +1 416 868 1079 x 231 [email protected] Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) and no stock exchange, securities commission or other regulatory authority accepts responsibility for the adequacy or accuracy of this release nor approved or disapproved of the information contained herein.

London, England, Arian Silver Corporation (“Arian” or the “Company”) (TSXV: AGQ) (AIM: AGQ) (FRANKFURT: I3A), a silver exploration, development and production company with a focus on projects in the silver belt of Mexico, today announced the release of a Mineral Resource Report dated 23 April 2012 and entitled “Arian Silver Corporation, Resource Estimate 43-101 Technical Report, San José Project, Zacatecas, Mexico” prepared by CSA Global (UK) Limited (the “2012 Technical Report”) relating to the updated mineral resource estimates contained in Arian’s press release dated 12 March 2012 entitled “Arian Silver Increases Contained Silver at San José by 32% to More Than 117 Million Ounces in Updated Mineral Resource Estimate”.

The 2012 Technical Report has been filed on SEDAR and can be found by visiting the Company’s publicly available records at www.sedar.com or on Arian’s website at www.ariansilver.com.

About the Company
Arian is a silver exploration and development company and is listed on London’s AIM; trades on London’s “PLUS” market; is listed on Toronto’s TSX Venture Exchange and on the Frankfurt Stock Exchange. Arian is active in Mexico, the world’s largest silver producing country. The Company’s main project is the San José project in Zacatecas State. Part of Arian’s forward-looking strategy lies in the envisaged use of large scale mechanized mining techniques over wider mineralized structures, which reduces the overall unit operating cost of metals, and to build up NI 43-101 compliant resources.

Qualified Person
The “Qualified Persons” (as such term is defined in Canadian National Instrument 43-101) who supervised the preparation of the SJ Technical Report, are Mr Galen White, who is an employee and Principal Consultant of independent consultants CSA Global (UK) Limited, and Mr Martin King, who is a Geological Consultant to CSA Global (UK) Limited. Messrs White and King have reviewed, verified and approved the contents of this release.

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.

For further information please contact:

Arian Silver Corporation
Berkeley Square House
Berkeley Square
London
W1J 6BD
England

OR

Arian Silver Corporation
Jim Williams
CEO
(London) +44 (0)20 7887 6599
[email protected]

OR

Grant Thornton Corporate Finance
Gerry Beaney
(London) +44 (0)20 7383 5100
[email protected]

OR

XCAP Securities PLC
Karen Kelly
(London) +44 (0)20 7101 7070
[email protected]

OR

Yellow Jersey PR Limited
Dominic Barretto
(London) +44 (0) 7768 537 739
[email protected]

OR

CHF Investor Relations
Cathy Hume
(Canada) +1 416 868 1079 x 231
[email protected]


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) and no stock exchange, securities commission or other regulatory authority accepts responsibility for the adequacy or accuracy of this release nor approved or disapproved of the information contained herein.