ARIAN SILVER PROGRESS UPDATE ON SAN JOS� CUSTOM MILLING OPERATION
      THEFT OF SILVER CONCENTRATE
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London, England, Arian Silver Corporation ("Arian" or the "Company")
(TSXV: AGQ) (AIM: AGQ) (FRANKFURT: I3A), a silver exploration,
development and production company with a focus on projects in the
silver belt of Mexico, today announced a progress update on its San
Jos� custom milling operation.

On 31 May 2011, the Company reported a small operating loss for its San
Jos� mining and milling operation for the first quarter of 2011. During
the period under review several improvements were required as detailed
in the 31 May announcement; however, recoveries at the mill were still
lower than anticipated. A subsequent investigation revealed the recent
theft of approximately eight tonnes of silver-bearing concentrate from
the mill and, furthermore, this was not an isolated incident as the
ongoing investigation by the Mexican authorities indicates previous
thefts occurred during the same quarter.

It is alleged the theft was organised by an individual employed by the
plant operator. This individual has been replaced. Security at the mill
is the sole responsibility of the mill operator and so are any
liability issues. The Company is fully cooperating with the ongoing
investigation and several measures to improve security and the overall
efficiency of the milling operation are already in place which should
mitigate any reoccurrence.

Arian's Chief Executive Officer, Jim Williams, commented today; "Whilst
the discovery of the theft of this concentrate is disappointing news,
it does highlight one of the contributing factors to the lower than
expected recoveries of silver concentrate during the first quarter
reporting period. We were already concerned about inconsistencies
between plant and smelter assays which was evidenced during the
reconciliation process during this critical start-up period. Now that
we have identified and halted this specific security breach and
implemented a number of plant improvements we anticipate that our mill
recoveries will improve."

For further information please contact:

Arian Silver Corporation
Berkeley Square House
Berkeley Square
London
W1J 6BD
England

OR

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

OR


Arian Silver Corporation
Graham Potts
Corporate Secretary
(London) +44 (0)20 7887 6599
gpotts@ariansilver.com

OR

Grant Thornton Corporate Finance
Gerry Beaney
(London) +44 (0)20 7383 5100
gerry.d.beaney@gtuk.com

OR

XCAP Securities PLC
John Grant / Karen Kelly
(London) +44 (0)20 7101 7070
John.Grant@xcapgroup.com / Karen.Kelly@xcapgroup.com

OR

Yellow Jersey PR Limited
Philip Ranger
(London) +44 (0)7768 534 641
philip@yellowjerseypr.com

OR

CHF Investor Relations
Cathy Hume
(Canada) +1 416 868 1079 x 231
cathy@chfir.com

About the Company

Arian is a silver exploration and development company and is listed on
London's AIM; trades on London's "PLUS" market; is listed on Toronto's
TSX Venture Exchange and on the Frankfurt Stock Exchange. Arian is
active in Mexico, the world's second largest silver producing country.
The Company's main project is the San Jos� project in Zacatecas State.
Part of Arian'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.

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.

Forward-Looking Statements
This press release contains certain "forward-looking statements". 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 (including, without
limitation, statements regarding the contract mining and milling
operation at the San Jos� Project (the "SJ Mining Operation") and the
ability of the Company to improve recoveries from plant improvements
from the SJ Mining Operation) are forward-looking statements. These
forward-looking statements reflect the current expectations or beliefs
of the Company based on information currently available to the Company.
Forward-looking statements are 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 statements, and even if such actual results are
realized or substantially realized, there can be no assurance that they
will have the expected consequences to, or effects on the Company.
 
Any forward-looking statement 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 statement, 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 statements are
reasonable, forward-looking statements are not guaranteed of future
performance and accordingly undue reliance should not be put on such
statements due to the inherent uncertainty therein.