Issue of Shares

May 30th, 2007

Arian Silver Corporation announces that it has made the following share issues:
  1. 32,000 common shares of no par value in connection with an exercise of warrants at Cdn$0.42 per share. Application has been made for these shares to be admitted to AIM on 31 May 2007.
  2. 300,000 common shares of no par value in connection with an exercise of options at GBP£0.15 per share. Application has been made for these shares to be admitted to AIM on 1 June 2007.
For further information please contact:

Graham A Potts - Company Secretary
Arian Silver Corporation
43 North Audley Street
London, W1K 6WH
Tel: +44 (0) 20 7529 7511
Fax: +44 (0) 20 7491 2244
.