December 29th, 2006
At the Annual General Meeting of Arian Silver Corporation (“Arian” or the “Company”), held in London on 29th December, the Chairman, Tony Williams, said today,
“The last 12 months have seen considerable progress for the Company. We are now listed on 3 international stock exchanges with an excellent portfolio of projects in a world class silver district.
“Our exploration team in Mexico is second to none and has conducted systematic exploration programmes over several projects. They are largely brownfield sites with past production that have not previously seen modern systematic exploration. In addition we have secured additional ground to increase our land tenure on existing projects whilst acquiring new properties with excellent potential that will take us nearer to defining a NI 43-101 compliant resource estimate.
“Specifically at Calicanto, we have started a 3,000 m drill programme this month with 2 drill rigs on site. The first results are expected by February 2007. Meanwhile, work is continuing on the two underground development ramps which are being advanced along the Calicanto and Buenaventura vein structures. The combined length is now approximately 120 metres.
“We have made 2 significant new acquisitions in the latter half of 2006, namely the Tepal Property in July, and more recently the San Jose Mine.
“The Company’s recent financing will enable the Company to complete its planned drilling programme over the next few months.
“We have a strong focus and direction that we believe will lead us to near term silver production and cash flow, and therefore enhanced shareholder value. We are very positive about the outlook for 2007 and look forward to an exciting year ahead.”
All resolutions proposed at today’s Annual General Meeting were duly passed.
For further information please contact:
Jim Williams / Alexandra Harrison,
Arian Silver Corporation
+44 (0)20 7529 7511
Britton Financial PR
+44 (0) 20 7251 2544
Mike Jones / Ryan Gaffney,
Canaccord Adams Limited
+44 (0)20 7050 6500
Vanguard Shareholder Solutions
+1 (604) 608 0824
Toll free: 1866 898 0825
Arian Silver Corporation is a silver exploration company listed on London’s AIM and “PLUS”, 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 projects are the Calicanto and San Celso projects in Zacatecas state, the Tepal project in Michoacán State and the newly acquired San José Property in Zacatecas State. Part of Arian’s forward-looking 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, and to build up NI 43-101 compliant resources.
Arian was founded by Jim Williams and Chairman Tony Williams, who together have over 50 years experience in exploration, project construction and mining worldwide. Arian is supported by the Dragon Group in London, and the Endeavour Group in Canada.
Further information can be found by visiting Arian’s website: www.ariansilver.com or the Company’s publicly available records at www.sedar.com.
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.
This press 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 regarding mineral reserves and mineral resources, exploration results, potential mineralization, and the Company’s exploration and development plans and objectives) 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 risks and uncertainties 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. Factors that could cause actual results or events to differ materially from current expectations include, among other things, uncertainties relating to the availability and costs of financing needed in the future, changes in commodity prices, changes in equity markets, political developments in Mexico, changes to regulations affecting the Company’s activities, delays in obtaining or failures to obtain required regulatory approvals, the uncertainties involved in interpreting exploration results and other geological data, and the other risks involved in the mineral exploration and development industry. 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 guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein.