Arian Silver Corporation (the "Company") (AIM:AGQ)(TSX
VENTURE:AGQ)(FRANKFURT:I3A), a silver exploration, development and production
company with a focus on projects in the silver belt of Mexico, announces further
to its announcement on 26 July 2013 the positive advancement of negotiations
regarding future financing. The private placement debt financing of
US$15,585,000 (the "Private Placement") comprises a senior secured convertible
note (the "Note"), which would mature at a premium of 5% if not otherwise
converted, twelve months from its date of issuance and will bear interest at an
annual rate of 14% to be prepaid in full upon closing of the Private Placement.


As previously announced, it remains expected the Note will be convertible, in
whole or in part, at the option of the holder, at any time following the closing
date and up to and including the maturity date into fully paid and
non-assessable common shares ("Common Shares") in the capital of the Company
(collectively the "Note Shares") at price of CAD$0.11 per Note Share (the
"Conversion Price"). If at the time of sending a conversion notice the Common
Shares are then listed on the TSX Venture Exchange ("TSXV"), not more than 96%
in aggregate (including prior conversions, if any) of the principal amount may
be converted at the Conversion Price, and in the event that all or any part of
the remaining 4% is to be converted, it shall be converted based on the last
closing price of the Common Shares on the TSXV immediately prior to the date of
sending the applicable conversion notice. The Note is expected to be secured on
all or substantially all of the Company's and its subsidiaries' assets.


In connection with the Private Placement, the subscriber will receive a 4%
arrangement fee from the gross proceeds. The TSXV has conditionally approved the
Private Placement, subject to the Company fulfilling all of the listing
requirements of the TSXV. 


Forward-Looking Information:

This press release contains certain "forward-looking information". 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. This forward-looking information reflects the current
expectations or beliefs of the Company based on information currently available
to the Company as well as certain assumptions (including that the Company will
be able to obtain the necessary financing and that the proposed subscriber will
complete the Private Placement). Forward-looking information is subject to a
number of significant risks and uncertainties and other factors that may cause
the actual results of the Company to differ materially from those discussed in
the forward-looking information, 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,
but are not limited to, the failure to close the Private Placement and obtain
the necessary financing to acquire the El Bote processing plant or to satisfy
the other conditions precedent to the transaction as well as unexpected delays
in completing the transportation and refurbishment of the El Bote processing
plant which could lead to unexpected delays in the start of operations and
delays in the Company's mine expansion plans.


Any forward-looking information 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 information,
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 information are reasonable, forward-looking information is not a
guarantee of future performance and accordingly undue reliance should not be put
on such information due to the inherent uncertainty therein.


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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Arian Silver Corporation
Jim Williams
CEO
(London) +44 (0)20 7887 6599
jwilliams@ariansilver.com


Arian Silver Corporation
David Taylor
Company Secretary
(London) +44 (0)20 7887 6599
dtaylor@ariansilver.com


Arian Silver Corporation
Berkeley Square House
Berkeley Square
London
W1J 6BD
England


Grant Thornton UK LLP
Philip J. Secrett
(London) +44(0)20 7383 5100
Philip.J.Secrett@uk.gt.com


Grant Thornton UK LLP
David Hignell
(London) +44(0)20 7383 5100


XCAP Securities PLC
Jon Belliss
(London) +44 (0)20 7101 7070
jon.belliss@xcapgroup.com


Yellow Jersey PR Limited
Dominic Barretto
(London) +44 (0)7768537739
dominic@yellowjerseypr.com


CHF Investor Relations
Juliet Heading
(Canada) +1 416 868 1079 x 231
juliet@chfir.com