Arian Silver Corporation
LSE : AGQ

Arian Silver Corporation

March 14, 2011 03:00 ET

Arian Silver Clarifies Its Disclosure

FOR:  ARIAN SILVER CORPORATION

TSX VENTURE, AIM, PLUS SYMBOL:  AGQ
FRANKFURT SYMBOL:  I3A

March 11, 2011

Arian Silver Clarifies Its Disclosure

LONDON, ENGLAND--(Marketwire - March 11, 2011) - Arian Silver Corporation ("Arian" or the "Company") (TSX
VENTURE:AGQ)(AIM:AGQ)(PLUS:AGQ)(FRANKFURT:I3A), as a result of a review by the British Columbia Securities
Commission, today issued the following news release to clarify the Company's technical disclosure.

Disclosure of Mineral Resources and Mineral Reserves - San Jose

The Company has disclosed resource estimates on the Company website and in the corporate presentation that did
not separate each category of mineral resource and also combined Inferred mineral resources with Indicated
mineral resources, both of which are contrary to the National Instrument 43-101 Standards of Disclosure for
Mineral Projects (NI 43-101) section 2.2 (b) and (c).

To clarify and correct this, the mineral resources estimated of seven delineated blocks on the San Jose Vein at
the San Jose project in Zacatecas, Mexico, as reported by ACA Howe International ("A.C.A. Howe ") in its August
15, 2008, technical report are as below.

--  Total Indicated mineral resources are estimated to be 2,196,000 Mt
    grading 127.71 g/t Ag, 0.51% Pb, and 0.88% Zn for approximately 9.02 Moz
    Ag, 11,200 t Pb and 19,200 t Zn; and


--  Total Inferred mineral resources are estimated to be 11,190,000 Mt
    grading 93.84 g/t Ag, 0.39% Pb, and 0.83% Zn for approximately 33.76 Moz
    Ag, 43,400 t Pb and 93,200 t Zn.


--  Notes:

    --  Resource figures were prepared by Galen White, Qualified Person and
        author of the August 2008 report.

    --  The resource was estimated using 830 drillhole sample and 1122
        underground samples.

    --  Domains constrained by a 30 ppm Ag envelope honour the geological
        model and fault positions.

    --  Block grades were interpolated using IDW3 interpolation.

    --  Tonnage figures have been rounded up or down to the nearest 1000 t.

    --  Ag ounces have been calculated using 31.1035 g = 1oz.

    --  Pb and Zn tonnes have been calculated using 2204.622 lbs = 1 tonne.


As a remedy the Company has removed and replaced the non-compliant references in its presentation and on the
Company's website that should be enacted by Monday, March 14th.

Historic Disclosure of Mineral Resources - Tepal

The Company has disclosed historical resource estimates without sufficient qualifying information as is
required by NI 43-101 on the Company website referring to Tepal project.

As a remedy, the Company has ordered the removal of all references and descriptions of Tepal from the website.
This is appropriate because as was announced by news release on February 24, 2011, the Tepal project has been
disposed 100% to Geologix Exploration Inc.

Qualified Person

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. Mr. Williams has verified the data disclosed by this release.

Forward-Looking Information

This news release contains certain "forward-looking statements". All statements, other than statements of
historical fact, that address activities, events or developments that the Company believes, expects or
anticipates will or may occur in the future (including, without limitation, statements relating to the proposed
drilling programme at San Jose) are forward-looking statements. These forward-looking statements reflect the
current expectations or beliefs of the Company based on information currently available to the Company. Forward-
looking statements are subject to a number of significant risks and uncertainties and other factors that may
cause the actual results of the Company to differ materially from those discussed in the forward-looking
statements, and even if such actual results are realized or substantially realized, there can be no assurance
that they will have the expected consequences to, or effects on the Company.

Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by
applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking
statement, whether as a result of new information, future events or results or otherwise. Although the Company
believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking
statements are not guaranteed of future performance and accordingly undue reliance should not be put on such
statements due to the inherent uncertainty therein.

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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
jwilliams@ariansilver.com

OR

Arian Silver Corporation
Graham Potts
CFO & Corporate Secretary
(London) +44 (0)20 7887 6599
gpotts@ariansilver.com

OR

Grant Thornton Corporate Finance
Gerry Beaney
(London) +44 (0)20 7383 5100
gerry.d.beaney@gtuk.com

OR

XCAP Securities PLC
John Grant / Karen Kelly
(London) +44 (0)20 7101 7070
John.Grant@xcapgroup.com / Karen.Kelly@xcapgroup.com

OR

Yellow Jersey PR Limited
Dominic Barretto
(London) +44 (0)20 8980 3545
dominic@yellowjerseypr.com

OR

CHF Investor Relations
Cathy Hume
(Canada) +1 416 868 1079 x 231
cathy@chfir.com

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.

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Contact Information

  • Arian Silver Corporation