Arian Silver Corporation

Arian Silver Corporation

February 24, 2011 09:00 ET

Arian Silver: Geologix Completes the Exercise of Tepal Option

LONDON, ENGLAND--(Marketwire - Feb. 24, 2011) - Arian Silver Corporation ("Arian" or the "Company") (TSX VENTURE:AGQ)(AIM:AGQ)(PLUS:AGQ)(FRANKFURT:I3A), a silver exploration, development and production company with a focus on projects in the silver belt of Mexico, is pleased to announce that in accordance with the Option to Purchase Agreement (the "Agreement") granted to Geologix Explorations Inc ("Geologix") for the purchase of a 100% interest in the Tepal Gold-Copper Project in Michoacán, Mexico, Geologix has delivered US$1,023,000 cash (including IVA) and 1,089,318 common shares of Geologix to Arian as consideration for the final payment obligations under the terms of the Agreement between Geologix and Arian. The shares issued to Arian are subject to a four month restricted sale period.

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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