October 28th, 2010
London,England,Arian Silver Corporation (“Arian” or the “Company”) (TSX VENTURE:AGQ) (AIM:AGQ) (PLUS:AGQ) (FRANKFURT:I3A), a silver exploration, development and production company with a focus on projects in the silver belt of Mexico,reports that commercial production has commenced at the Company’s 100%-owned San JosÃ© mine, Zacatecas, Mexico with ore being stockpiled for delivery to the mill.
Progress at San JosÃ© - Santa Ana block
New underground development to reach the Santa Ana block, the first of three target blocks identified forthe contract mining programme, is currently progressing well and to the mining plan. The development work is extracting a combination of payable and non-payable material. Payable Run-of-Mine (“ROM”) material is being deposited on the stockpile pad, which is located a short distance outside the main San JosÃ© ramp. The accumulation of this ROM material on the stockpile pad is designed to ensure a smooth and constant supply of material to the mill. It is anticipated that the first transportation of the Santa Ana ROM material to the mill will take place in approximately three weeks. Minor improvements to the mill are also progressing well with a view to increasing the mill efficiency.
Mr. Jim Williams, Eur Ing, Eur Geol, BSc, MSc, D.I.C.,FIMMM,the Chief Executive Officer of Arian, is a “Qualified Person” as defined in the AIM guidelines of the London Stock Exchange, and a “Qualified Person” as such term is defined in Canadian National Instrument 43-101 (“NI 43-101”). This press release has been prepared under Mr. Williams’ supervision. Mr. Williams has verified the data disclosed by this release.
Forward Looking Information:
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 relating to the contract mining and milling operation at San JosÃ©) 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 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 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.
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 guaranteed of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein.
For further information please contact:
Arian Silver Corporation
235-237 Vauxhall Bridge Road
London SW1V 1EJ
Jim Williams - CEO
(London) +44 (0)20 7963 8670 / email: email@example.com
Graham Potts — CFO & Corporate Secretary
(London) +44 (0)20 7963 8670 / email: firstname.lastname@example.org
Grant Thornton Corporate Finance
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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
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CHF Investor Relations
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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.