Arian Silver share interest

London, England, Arian Silver Corporation (the “Company”) (TSX VENTURE:AGQ) (AIM:AGQ) (PLUS:AGQ) (FRANKFURT:I3A) received a notification on 25 January 2011 that Sprott Asset Management LLP, on behalf of managed funds, holds 50,298,888 common shares representing approximately 16.71% of the voting rights of the Company, compared to an interest of 12.7% previously announced. The change relates to the exercise of share purchase warrants.

For further information please contact:

Arian Silver Corporation
Carlyle House
235-237 Vauxhall Bridge Road
London SW1V 1EJ
England

OR

Arian Silver Corporation
Jim Williams
CEO
(London) +44 (0)20 7963 8670
[email protected]

OR

Arian Silver Corporation
Graham Potts
CFO & Corporate Secretary
(London) +44 (0)20 7963 8670
[email protected]

OR

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

OR

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

OR

Yellow Jersey PR Limited
Dominic Barretto
(London) +44 (0)20 8980 3545
[email protected]

OR

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