San Celso Exploration Update

January 9th, 2017

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Arian Silver Corporation (“Arian Silver” or the “Company”) is pleased to announce high-grade silver results from the recently completed surface sampling and geological mapping of its wholly-owned San Celso project located in central Zacatecas State, Mexico.

These results demonstrate that San Celso contains several largely unexploited high-grade veins and include promising lead and zinc grades.

Sample ID

True width (m)

Au (g/t)

Ag (g/t)

Pb (ppm)

Zn (ppm)

37551

1.2

0.037

20.1

670

255

37552

0.95

0.018

2.5

334

408

37553

1.8

0.435

146

1950

8000

37554

1.05

0.059

395.9

1140

3460

SC-S1

0.75

0.007

18.5

319

520

SC-S2

0.55

-

28.6

314

760

SC-S4

0.95

0.159

81

13700

6200

SC-S7

1.2

0.608

21.4

10100

6400

SCD001

Grab Sample

0.064

179

890

3830

SCD002

1.1

0.032

116

660

3680

SCD003

0.8

0.007

22.4

276

1880

SCD004

0.75

0.165

87

1350

8200

SCD005

0.8

0.097

99

1100

13900

SCD006

2.2

0.037

286

1770

6300

SCD007

Grab Sample

0.013

30.4

450

7300

SCD008

Grab Sample

0.093

78

1040

10700

SCD009

0.95

0.052

350.5

1440

5000

SCD010

0.45

0.088

346.9

2160

6600

SCD011

1.15

0.132

253.9

3460

7000

SCD012

Grab Sample

0.053

68

1660

2420

SCD013

Grab Sample

0.077

111

1170

7200

SCD014

Grab Sample

0.098

61

1040

4500

The San Celso project is located in the Pánfilo Natera-Ojocaliente mining district, an emerging district in this part of Mexico which already has defined resources exceeding 100 million ounces of silver. Historical exploration and subsequent reports indicate the presence of five major vein systems that have been previously exploited in parts during colonial times but none of which appear to have been systematically drilled to define a compliant resource.

The preliminary geochemical exploration work at San Celso suggests the silver-lead-zinc mineralisation is indicative of a low sulphidation epithermal system, and initial observations of the vein systems at San Celso indicate similarities to the Company’s previously owned and nearby San José mine where historic mining exploited the San José vein down to approximately 300 metres. At San Celso, historic mining terminated at the water table (approximately 90 metres) and the Company believes there is considerable depth potential to both the San Celso and Las Cristinitas veins.

A schematic map of the area showing the various identified veins is illustrated at:


www.ariansilver.com/assets/img/170109SanCelsoSampling.jpg

Arian Silver owns mineral concessions over approximately 1,500 hectares in the heart of the Zacatecas mining district, which includes the Company’s wholly-owned San Celso project.

Jim Williams, Chief Executive Officer of Arian commented: “We continue to systematically explore our exploration projects, all of which are located in central Zacatecas State. Our initial surface sampling and mapping programme has now been completed on our San Celso project and has resulted in the surface extension of the San Celso and Las Cristinitas veins by over 800 metres. Over the coming months, we shall be focussing on further evaluation of San Celso and nearby mining concessions with the intention of identifying additional areas of mineralisation.”

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014.

For further information please contact:

Arian Silver Corporation
Jim Williams, CEO
David Taylor, Company Secretary
Tel: +44 (0)20 7887 6599

Northland Capital Partners Limited
Gerry Beaney / David Hignell
Tel: +44 (0)203 861 6625

OR

OR

Beaufort Securities Limited
Jon Belliss
Tel: +44 (0)20 7382 8300

Yellow Jersey PR Limited
Charles Goodwin / Dominic Barretto
Tel: +44 (0)7786 074 466

Forward Looking Statement

This press release contains certain “forward-looking information”. 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 are deemed forward-looking information.

This forward-looking information reflects the current expectations or beliefs of the Company based on information currently available to the Company as well as certain assumptions. Forward-looking information is 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 information, and even if such actual results are realised or substantially realised, there can be no assurance that they will have the expected consequences to, or effects on the Company.

Any forward-looking information 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 information, 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 information are reasonable, forward-looking information is not a guarantee of future performance and accordingly undue reliance should not be put on such information due to the inherent uncertainty therein.
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