Non-Brokered Private Placement Completed

August 2nd, 2007

Arian Silver Corporation (“Arian” or the “Company”) is pleased to announce that it has completed, subject only to receipt of TSX Venture Exchange approval, the non-brokered private placement announced earlier today.

The placement has raised Cdn$2,999,975 and comprised 5,454,500 units of the Company (each, a “Unit”) at Cdn$0.55 per Unit (the “Offering”). Each Unit consists of one common share of the Company and one-half of a common share purchase warrant. Each whole warrant (each, a “Warrant”) entitles the holder thereof to acquire one common share (each, a “Warrant Share”) for a period of 2 years following from the closing of the placement at an exercise price of Cdn$0.65 per Warrant Share, provided that in the event that the closing price of the common shares of the Company on the TSX Venture Exchange exceeds Cdn$1.40 for any period of ten (10) consecutive trading days, the Company may accelerate the expiry date of the Warrants by providing notice to the Warrant holders, in which case, all unexercised Warrants will expire thirty (30) days after such notice.

In connection with the Offering, a finder’s fee, payable in cash, of up to Cdn$209,999 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 2 December, 2007.

Application has been made for the 5,454,500 common shares to be admitted to London’s AIM and it is expected that they will be admitted on 8 August, 2007.

For further information please contact:

In London:

Jim Williams - CEO
Graham Potts - Corporate Secretary
Arian Silver Corporation
+44 (0)20 7529 7511

Justine Howarth
Parkgeen Communications
+44 (0)20 7851 7480

Gerry Beaney,
Grant Thornton Corporate Finance
+44 (0)207 385 5100

Daniel Brooks / Tom Beattie
Haywood Securities (UK) Limited
+44 (0) 207 031 8000

In Vancouver:

Investor Relations,
Vanguard Shareholder Solutions
+1 (604) 608 0824
Toll free: 1866 898 0825

Arian Silver Corporation is a silver exploration and development 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 Jose projects in Zacatecas State and the Tepal project in Michoacán 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 National Instrument 43-101 compliant resources.

Arian was founded by Jim Williams, Chief Executive Officer, and Tony Williams, Chairman, 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: or the Company’s publicly available records at

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.

Forward-Looking Statements

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 exploration results, potential mineralization, potential mineral resources, 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, the possibility that future exploration results will not be consistent with the Company’s expectations, 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.