Positive Results from Initial Phase of Sampling at La Africana Property, Zacatecas State, Mexico

October 9th, 2006

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9 October 2006 Arian Silver Corporation (“Arian” or the “Company”) (AIM/TSX-V : AGQ) announced today that it has completed the initial phase of surface and underground sampling at its La Africana Property, in Zacatecas State, in Central Mexico.

The results indicate potential economic mineralisation over a much wider disseminated zone than initially envisaged. Previously the high-grade epithermal vein at La Africana was mined using conventional mining methods. If further systematic exploration is consistent with the results from this initial phase then the project may be amenable to underground bulk mining.

The La Africana Property consists of two concessions totalling 14.75 hectares and covers a number of prospects and historical mine workings that explored and exploited high-grade silver veins hosted in tertiary-aged granodiorites and cretaceous-aged limestones.

During the first half of 2006, Arian’s technical team accessed and rehabilitated the underground workings of the La Africana mine to sample the Africana vein system. In addition, they surveyed the underground workings to assess the potential of the vein and to establish the extent of the mine workings in order to determine the optimum collar location of proposed drill holes.

The survey identified workings extending from surface to the water table (at ~60metres (m) depth), and a horizontal extent of approximately 100m. There are a number of prospects along a 250m strike length of the structure but there are no historical production records for the property.

At La Africana samples were taken from the main vein and from the altered, iron oxidestained country rocks to determine the average grade and thickness of the vein to ascertain whether it carried economic silver values over a mineable width. Samples of the wall-rock were also taken to ascertain whether there is silver and other metals present, which may indicate the presence of disseminated mineralization that may be amenable to wider underground mechanized mining using Load-Haul-Dump (LHD) equipment.

Sample results at La Africana, which are summarised in Table 1, indicate potential economic silver grades over ~4 meters (true width), consisting of a disseminated zone of silver mineralization surrounding the known high-grade vein. Further systematic work is currently being planned to evaluate the potential of this disseminated zone as it may represent an area amenable to mechanised mining.

In addition, a surface geochemical survey was conducted on the La Africana Property to check for the possibility of a bulk tonnage base metal-silver deposit similar to those discovered at the adjacent Bilbao property, where drilling has discovered thick zinc-leadsilver massive sulphide mineralization.

Chief Executive, Jim Williams, said “The underground sampling has indicated that historical mining activities were concentrated on exploiting the narrow high-grade silver vein, hosted within altered granodiorites and limestones. However, these country rocks appear to contain high silver values indicating the potential for a wider disseminated zone surrounding the known high-grade silver vein. This disseminated zone may be amenable to exploitation by bulk tonnage mining techniques, should further systematic exploration results prove positive”.

“We are still well within the oxide portion of the mineralization. Previous epithermal modelling on our other advanced properties within the area leads us to believe that the system will continue at depth into a sulphide-rich zone below the water table. Such mineralization was probably not economically recoverable previously due to (1) the lack of sufficient pumping capacity to cope with the water, and (2) the processing methodology in use at the time could not efficiently extract silver from sulphide-rich material. These are all factors which we can easily overcome with today’s modern technology”.

Mr. Jim Williams, Eur Ing, MSc, DIC, FIMMM, CEng, CGeol, and Chief Executive Officer of Arian, is a “Competent Person” as defined in the AIM guidelines of the London Stock Exchange, and a “Qualified Person” as defined in the Canadian Securities Administrators National Instrument 43-101. This press release has been prepared under Mr. Williams’ supervision. Mr Williams has verified the data disclosed by this release (including sampling, analytical and test data underlying the information).
Table 1. Summary results from the La Africana Property.
COMPOSITE INDIVIDUAL  WIDTH       AG      AG                  Comments+
   SAMPLE    SAMPLES     (m)    (g/t)  (OZ/T)
AF001                     2      593      17      Vein and country rock
inc.         AF001-B      1    1,195      35     Banded Epithermal vein
             AF001-C      1      237       7      Altered HW limestones
AF002                     3      101       3      Vein and country rock
AF003                     3      261       8      Vein and country rock
inc.         AF003-A      2*     257       7   FW silicified limestones
           AF003-C+D      1      431      13    HW calcite vein/breccia
AF004                     3      115       3      Vein and country rock
AF005          37718      1      253       7                  Main Vein
AF006                     2      170       5      Vein and country rock
inc.         AF006-A      1      209       6                       HW -
                                                silicified granodiorite
           AF006-C+D      2       79       2   FW altered granodiorites
AF008-B+C                 1      209       6      Vein and country rock
inc.         AF008-D      1(i)   323       9   HW altered granodiorites
AF009                     4      178       5      Vein and country rock
inc.         AF009-A      1      174       5    FW altered granodiorite
             AF009-B    0.4      477      14                  Main Vein
             AF009-C      1      292       9  Hanging wall breccia zone
AF011          37738      1      286       8                  Main Vein
AF013                     1      277       8     Banded/brecciated vein
AF014                     2      285       8      Vein and country rock
inc.         AF014-C    0.5      644      19    FW portion of Main vein
             AF014-D      1      445      13                  Main vein
AF015                     3      370      11      Vein and country rock
inc.         AF015-C      1      636      19                  Main Vein
             AF015-E      2      347      10      HW altered limestones
  Except where indicated, sample widths are true widths

* These sample widths are apparent width. (apparent width is the width 
  across the vein along a straight line taken at an angle not 
  perpendicular to the vein. In this case, samples were taken in a
  straight line across a 75-80 degree dipping structure)

+ HW = hanging-wall, FW = footwall
All technical information for the La Africana Property is obtained and reported under a formal quality assurance and quality control (QA/QC) program. Samples are submitted to BSi/Inspectorate sample preparation facility in Durango, Mexico, for drying, crushing and pulverizing. BSi/Inspectorate, Durango, then sends the sample pulps by air-freight to BSi/Inspectorate’s laboratory in Reno, Nevada, for analysis. Systematic assaying of duplicates is performed for precision and accuracy; check assays are regularly conducted by BSi/Inspectorate. High-grade (>750 g/t Ag) intervals are re-sampled and sent to ALS Chemex preparation facility in Guadalajara, Mexico, with sample pulps shipped to the ALS Chemex laboratory in Vancouver, British Columbia, for analysis.

The samples were analysed for 32 elements by ICP (inductively coupled plasma) preceded by an aqua regia digestion. Gold was analysed by fire assay with an atomic absorption finish.

For further information please contact:

In London:

Jim Williams / Alex Harrison, Arian Silver Corporation
+44 (0)20 7529 7511

Tim Blackstone, Britton Financial PR
+44 (0) 20 7251 2544

Mike Jones / Ryan Gaffney, Canaccord Adams Limited
+44 (0)20 7518 2777

In Vancouver:

Investor Relations, Vanguard Shareholder Solutions
+1 (604) 608 0824
0800: 800 898 0825

Arian Silver Corporation is a silver exploration company listed on London’s AIM and on Toronto’s TSX Venture Exchange. Arian is currently active in Mexico, the world’s largest silver producing country. 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.

Arian was founded by Jim Williams and Tony Williams (no relation), 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 has not reviewed and 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 and resources, and the Company’s exploration and development plans) 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.