Arian Silver Receives Updated Report from Edison Research

September 28th, 2010

London, England - Arian Silver Corporation (“Arian” or the “Company”), who is in the process of becoming a self-funded exploration and development company with a producing asset in Mexico, today reports that Edison Investment Research published an updated report on the company entitled “Production Agreement”.

In summary, the report says:
“Arian Silver’s announcement that it has signed the necessary contracts to put its San Jose mine into production represents an important milestone in the evolution of the company and advances the expectation of profits, cash-flow and exploration success. As a result of these developments, Arian anticipates becoming cash-flow positive in the fourth quarter of 2010 and allows us to update and crystallise our forecasts and valuation of the company.”

To read the report, please visit: http://www.ariansilver.com/s/Researchreport.asp.

About the Company
Arian is a silver exploration and development company and is listed on London’s AIM; trades on London’s “PLUS” market; is listed on Toronto’s TSX Venture Exchange and on the Frankfurt Stock Exchange. Arian is active in Mexico, the world’s second largest silver producing country. The Company’s main project is San JosĂ© in Zacatecas State. Arian’s Tepal project in Michoacán State is subject to an exclusive purchase option to Geologix Explorations Inc. Part of Arian’s forward-looking strategy lies in the envisaged use of large scale mechanized mining techniques over wider mineralized structures, which reduces the overall unit operating cost of metals, and to build up NI 43-101 and/or JORC compliant resources.

Edison Investment Research Lincoln House
296-302 High Holborn, London, WC1V 7JH
Tel: +44 (0)20 3077 5700
Fax: +44 (0)20 3077 5750
Email: enquiries@edisoninvestmentresearch.co.uk
www.edisoninvestmentresearch.co.uk

Registered in England, no. 4794244. Copyright 2010 all rights reserved Edison Investment Research Limited. Authorised and Regulated by the Financial Services Authority.

For further information please contact:
Arian Silver Corporation
Carlyle House
235-237 Vauxhall Bridge Road
London SW1V 1EJ
England

Jim Williams - CEO
(London) +44 (0)20 7963 8670 / email: jwilliams@ariansilver.com

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

Grant Thornton Corporate Finance
Gerry Beaney
(London) +44 (0)20 7383 5100 / email: gerry.d.beaney@gtuk.com

XCAP Securities PLC
John Grant / Karen Kelly
(London) +44 (0)20 7101 7070 / email: John.Grant@xcapgroup.com / Karen.Kelly@xcapgroup.com

Yellow Jersey PR Limited
Dominic Barretto
(London) +44 (0)20 8980 3545 / email: dominic@yellowjerseypr.com

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

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

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.
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