ARIAN SILVER GIVES OPERATIONS UPDATE ON 100%-OWNED SAN JOS�
      PROPERTY, MEXICO

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, Arian Silver Corporation a silver
exploration, development and production company with a focus on
projects in the silver belt of Mexico, is pleased to report on progress
at the Company's 100%-owned San Jos� Property in Zacatecas State,
Mexico.

Highlights:

.. First batch of San Jos� concentrate produced;
.. 8 drill holes completed along the San Jos� Vein ("SJV");
.. Optimisation of the mill is progressing well;
.. New semi-mobile laboratory construction progressing well; and
.. 12 kilometres of strike extension of the SJV presents additional
significant targets for 2011 drilling.

The first batch of San Jos� concentrate comprising 7.5 tonnes and
containing 12.4 kilograms of silver (400 ounces) per tonne has been
produced.

Optimisation of the mill is progressing well with a view to further
increasing recoveries of silver in concentrate.

Mining at San Jos� is progressing well and the operation is currently
focused on stoping at the 'Ramal Sur' block and concurrently advancing
the main haulage ramp in a westerly direction towards the higher-grade
'Santa Ana' block, which itself comprises a number of stopes. In
addition, improvements to the main haulage ramp have taken place to
ensure a more efficient operation, specifically enabling the more rapid
transportation of Run-Of-Mine material from the underground loading
area to the stockpile pad on the surface.

Core drilling is underway using two 'Longyear 44' drill rigs. Eight
holes have been completed to date with a total of 1,518 metres, or
15.2% of the total programme, and the first samples have been submitted
for analysis.

The construction of the Company's semi-mobile laboratory is progressing
according to plan with the Stewart Group in British Columbia, Canada,
and this is expected to be delivered to the San Jos� Mine during
January 2011. Turnaround times for assay results should significantly
improve for drill core samples when this is in place (see the Company's
press release dated 22 November 2010).

Commenting on today's operations update, Arian's Chief Executive
Officer, Jim Williams, said:

"It gives me great pleasure to report such positive progressive news
regarding all of the Company's major activities. We have been working
on increasing the mining and milling efficiencies since production
commenced at San Jos�, and the results of these efforts are now
becoming apparent with production of our first concentrate.

"Experts forecast that silver prices will continue to strengthen next
year, just as we increase our production and begin to define some of
the untested potential within the existing known mineralisation in the
SJV system. The exciting substantial potential along the approximately
12 kilometres of strike extension of the SJV presents significant
targets for our 2011 drilling. Once again, we would like to thank all
our shareholders for their continued support as we grow the Company."

Qualified Person
Mr. Jim Williams, Eur Ing, Eur Geol, BSc, MSc, D.I.C., FIMMM, the Chief
Executive Officer of Arian, is a "Qualified Person" as defined in the
AIM guidelines of the London Stock Exchange, and a "Qualified Person"
as such term is defined in Canadian National Instrument 43-101 ("NI
43-101"). This press release has been prepared under Mr. Williams'
supervision. Mr. Williams has verified the data disclosed by this
release.

Forward- Looking Information:
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 relating to mill optimisation, mining,
production of concentrate, the drilling programme as well as delivery
of the semi-mobile laboratory) 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.

For further information please contact:

Arian Silver Corporation
Carlyle House
235-237 Vauxhall Bridge Road
London SW1V 1EJ
England

OR

Arian Silver Corporation
Jim Williams
CEO
(London) +44 (0)20 7963 8670
jwilliams@ariansilver.com

OR

Arian Silver Corporation
Graham Potts
CFO & Corporate Secretary
(London) +44 (0)20 7963 8670
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



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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.