Private Placement to Raise up to Cdn$ 2,000,000

October 6th, 2008

Arian Silver Corporation (the “Company”) announces that it proposes to raise up to Cdn$2,000,000 by way of a non-brokered private placement of up to 20,000,000 common shares of the Company at Cdn$0.10 per common share. The placement is conditional upon receipt of TSX Venture Exchange approval.

The Company has received indications from potential subscribers that, if fulfilled, will satisfy the placement.

The proceeds of the placement will be used to fund work programmes on the Company’s projects in Mexico as well as for general corporate purposes.

For further information please contact:

Arian Silver Corporation
Jim Williams - CEO
(London) +44 (0)207 529 7511 / email: jwilliams@ariansilver.com

Fuad Sillem — Investor Relations
(London) +44 (0)207 529 7511 / email: info@ariansilver.com

Bishopsgate Communications Limited
Nick Rome
(London) +44 (0)207 562 3350 / email: Nick.Rome@bishopsgatecommunications.com

Vicarage Capital Limited
Martin Wood
(London) +44 (0)207 060 1303 / email: martin@vicaragecapital.com

Grant Thornton Corporate Finance
Gerry Beaney
(London) +44 (0)207 385 5100 / email: gerry.d.beaney@gtuk.com

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


About the Company

Arian Silver Corporation is a silver exploration and development company listed on London’s AIM and “PLUS”, on Toronto’s TSX Venture Exchange and on the Frankfurt Stock Exchange. Arian Silver is active in Mexico, the world’s second largest silver producing country. The Company’s main projects are the Calicanto and San Jose projects in Zacatecas State and the Tepal project in Michoacán State. Part of Arian Silver’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 compliant resources.

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.
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