Arian Silver Corporation: Grant of Options to Directors and Officers and Amendment to Stock Option Plan

July 17th, 2009

LONDON, ENGLAND—(Marketwire - July 17, 2009) - Arian Silver Corporation (TSX VENTURE:AGQ)(AIM:AGQ)(FRANKFURT:I3A)(PLUS:AGQ) -

Grant of Options

Transaction notified on 17 July 2009 relating to grant of stock options under the Company’s Stock Option Plan (the “Plan”) as follows:

A J Williams - option granted in respect of 2,250,000 common shares of no par value. Total of 4,000,000 options in respect of common shares of no par value now held;

J T Williams - option granted in respect of 2,250,000 common shares of no par value. Total of 4,000,000 options in respect of common shares of no par value now held;

T A Bailey - option granted in respect of 550,000 common shares of no par value. Total of 550,000 options in respect of common shares of no par value now held;

J S Cable - option granted in respect of 550,000 common shares of no par value. Total of 950,000 options in respect of common shares of no par value now held;

J A Crombie - option granted in respect of 550,000 common shares of no par value. Total of 1,050,000 options in respect of common shares of no par value now held;

D C Cather - option granted in respect of 550,000 common shares of no par value. Total of 550,000 options in respect of common shares of no par value now held;

G A Potts - option granted in respect of 1,800,000 common shares of no par value. Total of 2,800,000 options in respect of common shares of no par value now held.

Option terms: options granted on 17 July 2009 exercisable at Cdn$0.10 per share (or the pound sterling equivalent price) up to 16 July 2014, subject to a four months hold period from date of grant and final approval of the Plan by the TSX Venture Exchange.

The option price represents a premium of approximately 54% over the Company’s share price as at close on 16 July 2009.

Amendment to Stock Option Plan

The terms of the Plan have been amended to the extent that the maximum number of common shares which may be reserved for issue under the Plan has been reduced from 10% to 7.5% of the issued and outstanding common shares of the Company.

Further information can be found by visiting Arian’s website: www.ariansilver.com or the Company’s publicly available records at www.sedar.com.

For more information, please contact
Arian Silver Corporation
Jim Williams
CEO
(London) +44 (0)20 7963 8670
jwilliams@ariansilver.com

Graham Potts
CFO & Corporate Secretary
(London) +44 (0)20 7963 8670
gpotts@ariansilver.com

Grant Thornton UK LLP
Gerry Beaney
(London) +44 (0)20 7385 5100
gerry.d.beaney@gtuk.com

Bishopsgate Communications Limited
Nick Rome
(London) +44 (0)20 7562 3350
nick.rome@bishopsgatecommunications.com

CHF Investor Relations
Alison Tullis
(Canada) +1 416 868 1079 Ext. 233
alison@chfir.com

No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained in this release. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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