Arian Silver Corporation
TSX VENTURE : AGQ
LSE : AGQ

Arian Silver Corporation

November 30, 2006 10:30 ET

Arian Silver Corporation: Non-Brokered Private Placement Completed

Commencement of Trading on The Frankfurt Stock Exchange and "Plus" - A New London-Based Independent Equity Market Service Private Placement Completed

LONDON, UNITED KINGDOM--(CCNMatthews - Nov. 30, 2006) - Arian Silver Corporation ("Arian" or the "Company") (TSX VENTURE:AGQ) (AIM:AGQ) is pleased to announce that it has closed its recently announced non-brokered private placement (the "Offering") by raising Cdn$ 3,515,000 in connection with the placement of 14,060,000 units of the Company (each, a "Unit") at Cdn$0.25 per Unit. Each Unit consists of one common share of the Company and one common share purchase warrant on the terms announced on 15 November 2006.

In connection with the Offering, a finder's fee, payable in cash, of up to Cdn$246,050 representing 7% of the aggregate gross proceeds raised under the Offering, is payable to registrants who have assisted with the Offering. At the option of such registrants, such finder's fee is also payable by way of issuance of units on the same terms and conditions as applicable to the units sold pursuant to the Offering.

The securities issued under the Offering are subject to a hold period expiring on 31 March, 2007.

Application has been made for the 14,060,000 common shares to be admitted to London's AIM and it is expected that they will be admitted on 6 December 2006.

Arian's Chief Executive Officer, Jim Williams said "These funds will allow us to continue with our aggressive exploration programme commencing immediately with 3,000 metres of core-drilling on our Calicanto group of projects, and LandSAT and geophysics on our Los Campos and Ojocaliente group of projects. All environmental permitting for the Calicanto drilling is in place. Arian's near-term strategy at Calicanto is to rapidly delineate NI 43-101 compliant resources in the ground over widths, which according to measurements and assays obtained within our Calicanto Adit alone, could be amenable to large-tonnage underground mechanised mining techniques.

LISTING ON THE FRANKFURT STOCK EXCHANGE

Arian is pleased to announce that its common shares have been accepted for trading on the Frankfurt Stock Exchange under the trading symbol I3A.

FWB(r) Frankfurter Wertpapierb"rse (Frankfurt Stock Exchange) is the largest of the eight German stock exchanges and is ranked as one of the world's largest trading centres for securities. The Frankfurt Stock Exchange facilitates advanced electronic trading, settlement and information systems. Thus, it is able to meet the steadily growing requirements of cross-border trading. For more information on the Frankfurt Stock Exchange, visit www.exchange.de .

LISTING ON "PLUS"

Arian is pleased to announce that its common shares have been admitted to trading on "PLUS" (under the same trading symbol as AIM/TSX-V (AGQ)), with Winterflood Securities and Shore Capital as market makers. "PLUS" is a new independent London-based equity market service provided by PLUS Markets Group plc. "PLUS" is based on a quote-driven trading system and currently trades over 800 small and mid-cap company shares representing a combined market capitalisation of over GBP149 billion.

The Company's common shares will continue to be quoted and traded on AIM and trading through the PLUS platform is intended to enhance investor choice, improve liquidity for shareholders and provide greater access to investors. For more information on "PLUS", visit www.plusmarketsgroup.com

Arian's Chief Executive Officer, Jim Williams said "Our listing on the Frankfurt Stock Exchange should increase the profile of Arian Silver. Both institutional and retail European investors have a substantial appetite for investing in resource companies; likewise with "PLUS"; we believe these new avenues of exposure represent opportunities to further increase our liquidity and broaden our shareholder base".

Forward looking statements:

This news release contains certain forward-looking statements. These forward-looking statements are subject to a variety of risks and uncertainties beyond Arian's ability to control or predict, which could cause actual events or results to differ materially from those anticipated in such forward-looking statements. Although Arian believes that the assumptions inherent in the forward- looking statements are reasonable, undue reliance should not be placed on these forward-looking statements.

Arian is currently active in Mexico, the world's largest silver producing country. The Company's main projects are the Calicanto and San Celso projects in Zacatecas state, and the recently acquired Tepal project in Michoac n State. Arian's strategy lies in the envisaged use of large scale mechanised mining techniques over wider mineralised structures, which reduces the overall operating cost per ounce of silver.

No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained in this release.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • In London :
    Arian Silver Corporation
    Jim Williams/ Graham Potts/ Alex Harrison
    +44 (0)20 7529 7511
    or
    In Vancouver :
    Vanguard Shareholder Solutions
    Investor Relations
    +1 (604) 608 0824
    Toll free: 1866 898 0825