Changes In Directors Share Interests

February 26th, 2007

Transaction: on 23 February 2007 grant of stock options under the Company’s stock option plan as follows:

J A Crombie — option granted in respect of 500,000 common shares of no par value. Total of 500,000 options in respect of common shares of no par value now held.

Option terms: options exercisable at Cdn$0.56 per share (or the pound sterling equivalent price) up to 22 February 2010.

For further information please contact:

Graham A Potts — Company Secretary
Arian Silver Corporation
43 North Audley Street
London, W1K 6WH
Tel: +44 (0) 20 7529 7511
Fax: +44 (0) 20 7491 2244