Grant of Share Options

May 31st, 2013

London, England, Arian Silver Corporation (the “Company”) today announces the grant of options to Directors and Eligible Persons (as defined in the rules of the Company’s share option plan) as follows:

A J Williams - option granted in respect of 2,000,000 common shares of no par value.

J T Williams - option granted in respect of 2,000,000 common shares of no par value.

T A Bailey - option granted in respect of 250,000 common shares of no par value.

J S Cable - option granted in respect of 250,000 common shares of no par value.

J A Crombie - option granted in respect of 250,000 common shares of no par value.

Eligible Persons (as defined under the terms of the share option plan) other than directors as stated above - options granted in respect of an aggregate of 3,700,000 common shares of no par value.

Option terms: options granted on 30 May 2013 exercisable at £0.07 or C$0.109123 per share up to 29 May 2018, subject to a four months hold period from date of grant.

Summary of directors’ interests in shares

Name

Number of
securities
underlying
unexercised
options (#)

Option exercise price

Option
expiration date

Number of
shares
currently
held (#)

Total Voting
Rights
Currently
Held

Anthony J. Williams

750,000
3,500,000
2,000,000

GB£0.1200/C$0.25
GB£0.4925/C$0.79
GB£0.07/C$0.109123

4 June 2013
18 January 2016
29 May 2018

2,200,000

0.69%

James T. Williams

750,000
3,500,000
2,000,000

GB£0.1200/C$0.25
GB£0.4925/C$0.79
GB£0.07/C$0.109123

4 June 2013
18 January 2016
29 May 2018

4,800,000

1.51%

Thomas A. Bailey

200,000
650,000
250,000

GB£0.055/C$0.10
GB£0.4925/C$0.79
GB£0.07/C$0.109123

16 July 2014
18 January 2016
29 May 2018

2,000

<0.01%

James S. Cable

200,000
650,000
250,000

GB£0.055/C$0.10
GB£0.4925/C$0.79
GB£0.07/C$0.109123

16 July 2014
18 January 2016
29 May 2018

Nil

0%

James A. Crombie

550,000
650,000
250,000

GB£0.055/C$0.10
GB£0.4925/C$0.79
GB£0.07/C$0.109123

16 July 2014
18 January 2016
29 May 2018

1,500,000

0.47%



For further information please contact:

Arian Silver Corporation
Jim Williams
CEO
(London) +44 (0)20 7887 6599
jwilliams@ariansilver.com

OR

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

OR

Grant Thornton Corporate Finance
Gerry Beaney / Philip Secrett / David Hignell
(London) +44 (0)20 7383 5100
gerry.d.beaney@uk.gt.com

OR

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

OR

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

OR

CHF Investor Relations
Juliet Heading
(Canada) +1 416 868 1079 x 239
juliet@chfir.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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