Exploration Begins at the San José Property

January 18th, 2007

Arian Silver Corporation (“Arian” or the “Company”) is pleased to announce it has started detailed exploration work on its recently acquired San José Property (the “Property”). Arian has, through an exclusive option agreement (see press release dated December 13, 2006), 100% of this former producing silver mine (which was in operation until 2001), as well as approximately 4,300 hectares (ha) surrounding it.

More than two million tonnes of silver ore, with an average grade of approximately 250 grammes per tonne (g/t), has been extracted from the mine. The above-ground mine infrastructure, including the 400 ton per day shaft and hoist and the underground development ramps, which extend for three kilometres, are in good condition.

Mineralized structures are very wide, regularly 5-10 metres (m) and up to 30m in width in some sections. Such widths could allow for lower cost bulk underground mechanized mining. The western portion (over four kilometres strike length) of the San José Vein (SJV) remains largely un-exploited as mining activity focused on the eastern part of the SJV. A previous operator, Zimapan S.A. de C.V. (a subsidiary of Industrias Peñoles, S.A. de C.V) (“Zimapan”), has previously defined a number of near-surface ore blocks on the western portion that Arian believes could be additional ore-shoots.

Arian is in discussions with Infoterra, a geographical information systems (GIS) company, to undertake a remote sensing survey over the Property. The Ojocaliente district hosts a number of different deposit types including epithermal veins, skarns and massive sulphide deposits. The survey is expected to identify alteration associated with these other styles of mineralisation that can be explored in future exploration and drilling programmes.

Additionally, PhotoSat of Canada has been contracted to produce a detailed topographical map of the Property, which will be used as the base map for a Canadian Securities Administrators National Instrument (N.I.) 43-101 technical report.

Arian is currently working towards environmental permitting to cover an initial 5,000m core drilling programme and a surface trenching programme. Zimapan conducted extensive core drilling programmes on the Property during the period from 1987 to 1989. An initial review of this drill data indicates that Zimapan focussed on the near-surface (oxide portion) of the SJV, and produced some promising results. Drill hole intercepts that are currently available to the Company are set out in table 1.

Arian has also hired José Cruz Moreno Alaniz, the former Mine Superintendent who worked at the San José mine from 1971 until 1999, to review the surface and sub-surface infrastructure, and to oversee site clean-up and rehabilitation.

Arian’s Chief Executive Officer, Jim Williams, said, “We are extremely impressed by results from previous drilling. One drill hole in particular, hole # 88-12, intersected 29.2m of true thickness containing 335 g/t silver, with higher grade portions within. If these order of magnitude intercepts with similar silver grades can be repeated in our near-term drilling programme, then this Project will have the potential to become a material asset within a very short time frame.”

Jim Williams, Eur Ing, Eur Geol, 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 information disclosed by this release.

For further in formation please contact:

In London:
Jim Williams / Alexandra 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 7050 6500

In Vancouver:
Investor Relations,
Vanguard Shareholder Solutions
+1 (604) 608 0824
Toll free: 1866 898 0825


Arian Silver Corporation is a silver exploration company listed on London’s AIM and “PLUS”, on Toronto’s TSX Venture Exchange and on the Frankfurt Stock Exchange. Arian is active in Mexico, the world’s largest silver producing country. The Company’s main projects are the Calicanto and San Celso projects in Zacatecas state, the Tepal project in Michoacán state and the recently acquired San José Property in Zacatecas State. Part of Arian’s forward-looking 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, and to build up NI 43-101 compliant resources.

Arian was founded by Chief Executive Jim Williams and Chairman Tony Williams, 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 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 historicalfact, 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 mineral resources, and the Company’s exploration and development plans and objectives) are forward-looking statements. These forward-looking statements reflect the current expectations or beliefs of the Company based on information cu ently 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 materia y from those discu ed 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 a ecting 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.

TABLE 1 — Summary of Historic Core Drilling

Core

True

Drill



thickness

thickness

Hole

From (m)

To (m)

(m)

(m)

Au (g/t)

Ag (g/t)

Pb (%)

Zn (%)

87-1

56.10

61.10

5.00

3.72

0.00

116.0

0.07

0.27


108.70

139.65

30.95

23.00

0.13

65.0

1.02

1.46

inc.

133.80

137.50

3.70

2.75

0.28

164.0

2.65

5.07

87-2

48.10

70.40

22.30

16.57

0.11

114.0

0.36

1.90

inc.

63.45

69.20

5.75

4.27

0.14

236.0

0.79

3.75

87-3

60.45

63.40

2.95

2.09

0.01

107.0

0.04

0.15


97.45

123.75

26.30

18.59

0.02

78.9

0.16

0.15

inc.

107.95

114.90

6.95

4.91

0.14

236.0

0.79

3.75

87-4

60.10

76.35

16.25

12.45

0.00

367.5

0.12

0.31


84.50

114.95

30.45

23.32

0.04

128.0

0.39

0.55

inc.

108.35

114.95

6.60

5.06

0.13

236.0

1.38

1.50

87-5

46.25

49.10

2.85

2.01

0.18

915.5

0.30

0.38


107.10

111.45

4.35

3.08

0.00

244.5

0.20

0.45

87-6

59.10

116.80

57.70

40.79

0.04

101.8

0.74

0.36

inc.

64.60

76.90

12.30

8.70

0.02

311.6

0.30

0.52

87-8

104.65

143.45

38.80

24.95

0.00

176.5

0.17

0.38

inc.

115.20

126.10

10.90

7.01

0.02

428.9

0.28

0.73

87-10

84.30

105.50

21.20

14.99

0.00

125.5

0.07

0.14

inc.

95.90

103.80

7.90

5.59

0.00

187.6

0.10

0.17

88-1

56.55

97.45

40.90

30.88

0.02

176.8

0.14

0.27

inc.

56.55

60.70

4.15

3.13

0.00

330.0

0.18

0.44

inc.

77.25

94.40

17.15

12.95

0.03

250.7

0.22

0.32

inc.

91.35

93.05

1.70

1.28

0.10

1195.0

0.77

1.45

88-4

101.70

121.80

20.10

12.92

0.09

145.7

0.64

1.28

inc.

101.70

107.10

5.40

3.47

0.00

176.0

0.21

1.19

inc.

116.35

119.90

3.55

2.28

0.12

204.2

1.19

1.78

88-5

106.10

136.55

30.45

19.15

0.07

56.9

0.60

1.24

inc.

106.10

112.90

6.80

4.28

0.07

100.3

1.20

2.79


148.20

170.50

22.30

14.03

0.11

114.4

0.22

0.48

inc.

160.35

169.90

9.55

6.01

0.14

186.0

0.29

0.60

88-6

107.45

117.10

9.65

6.46

0.07

81.9

0.13

0.50

88-10

32.85

47.75

14.90

9.37

0.00

133.8

0.08

0.12

inc.

32.85

39.50

6.65

4.18

0.00

180.6

0.10

0.16


53.45

59.95

6.50

4.09

0.12

323.0

0.33

0.70

inc.

55.70

59.25

3.55

2.23

0.18

466.4

0.49

1.01

88-12

25.40

69.85

44.45

29.16

0.04

335.0

0.32

0.72

inc.

31.05

40.65

9.60

6.30

0.02

933.7

0.24

0.36

inc.

45.60

52.00

6.40

4.20

0.05

343.3

0.20

0.32

inc.

59.20

67.30

8.10

5.31

0.10

224.0

0.65

2.30

88-13

32.40

73.30

40.90

26.30

0.00

88.6

0.02

0.11

inc.

39.05

43.95

4.90

3.15

0.00

111.0

0.06

0.20

inc.

51.25

65.40

14.15

9.10

0.00

140.8

0.02

0.10

88-15

40.20

71.45

31.25

20.72

0.01

40.9

0.11

0.30

inc.

55.90

65.10

9.20

6.10

0.04

68.3

0.15

0.58

88-16

7.50

10.30

2.80

1.95

0.00

855.0

0.07

0.16


32.95

38.50

5.55

3.86

0.00

109.8

0.06

0.11


45.55

87.40

41.85

29.09

0.03

160.4

0.19

0.62

inc.

58.00

67.75

9.75

6.78

0.00

282.4

0.23

0.49

inc.

73.35

85.75

12.40

8.62

0.10

265.9

0.39

1.33

inc.

73.35

79.40

6.05

4.20

0.10

400.1

0.29

0.66

88-17

30.20

79.95

49.75

34.58

0.00

100.7

0.09

0.17

inc.

45.35

64.30

18.95

13.17

0.00

188.4

0.09

0.14

inc.

49.30

61.35

12.05

8.37

0.00

218.5

0.10

0.14

88-18

24.00

30.45

6.45

4.56

0.00

106.6

0.04

0.21


51.70

54.00

2.30

1.63

0.00

191.9

0.10

0.44


68.75

88.10

19.35

13.68

0.02

395.6

0.24

0.37

inc.

69.65

78.60

8.95

6.33

0.03

735.0

0.29

0.46

88-19

61.10

75.45

14.35

10.22

0.00

137.8

0.14

0.21


63.50

70.00

6.50

4.63

0.00

209.2

0.16

0.24

88-20

32.30

53.00

20.70

14.59

0.00

73.4

0.08

0.19

inc.

34.00

41.80

7.80

5.50

0.00

113.5

0.06

0.05

88-23

27.10

40.30

13.20

9.49

0.00

260.5

0.05

0.18


43.90

56.30

12.40

8.92

0.00

127.6

0.06

0.12


66.65

76.60

9.95

7.15

0.10

143.5

0.04

1.93

.