Argentum grants 600.000 stock options

March 8, 2011: Vancouver, B.C.: Argentum Silver Corp. ("Argentum" or the "Company") announces the grant of incentive stock options to certain directors, officers and consultants of the Company to purchase up to 600,000 common shares in the capital stock of the Company pursuant to an approved share option plan. The options are exercisable at a price of $0.31 per share on or before March 7, 2016, subject to the approval of the TSX Venture Exchange.

About Argentum Silver

Argentum holds the right to acquire a 100% interest in the Lachiguiri, Silacayoapan and Nino Perdido properties, all located in Oaxaca, Mexico, under an option agreement with Arco Resources Corp. Argentum also has a letter of intent with Soltoro Ltd. to acquire the right to earn a 100% interest in Soltoro's Victoria and Coyote silver-gold properties located in Jalisco, Mexico. For further information, please go to www.argentumsilvercorp.com.

On behalf of the Board of Directors of Argentum Silver Corp.

"Warren McIntyre"
Warren McIntyre
President and Chief Executive Officer
Argentum Silver Corp.

For further information:

Ian Tootill, Director of Investor Relations
Phone: 604.661.2110
Email: ian@argentumsilvercorp.com
www.argentumsilvercorp.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This News Release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. Argentum relies upon litigation protection for forward-looking statements.