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      Arian Silver Reports Further Encouraging Exploration Progress at
      San Jose
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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 further encouraging results from
the Company's Phase 4 exploration drilling programme together with the
completion of a geophysical induced polarisation ("IP") survey at its
100% owned San Jos� Property ("San Jos�"), located in Zacatecas State,
Mexico.

Highlights:
.. 36 drill holes for 9,400 metres ("m") completed so far;
.. Multiple high-grade silver intercepts with step-out and infill
drilling along the San Jos� Vein ("SJV");
.. IP survey completed on the western end of the SJV; and
.. Resource estimate update anticipated following completion of Phase 4
drilling.

These results continue to support the large scale resource potential
along the SJV indicated by the initial 24 holes of the Phase 4 drill
programme announced on 24 October 2011.


Drilling Update
The Phase 4 drilling programme, which is nearing completion, is for up
to 40 drill holes totalling 10,000m comprising both step-out and
in-fill drilling along the extensive strike length of the SJV. The
strategy is to identify additional resources and to upgrade the current
resources by both size and category.

Selected intercepts from the current drilling include:

.. Hole GW-11-048 comprising multiple intercepts, including 6.97m* with
259 g/t Ag, and 2.59m* with 270 g/t Ag, and 2.59m* with 230 g/t Ag;
.. Hole GW-11-052 comprising 4.33m* with 183 g/t Ag, and 4.63m* with 253
g/t Ag;

* representing true thicknesses.


Geophysical IP Survey
During November and December 2011 an IP geophysical survey was
completed with a view to interpretation of the displacement of the SJV
due to the effects of a significant regional fault system which cuts
across the western portion of the SJV, some 1.5 km east of the western
boundary of the concession. The survey comprised seven parallel lines,
200m apart, for a total of 12.5 km and successfully identified these
areas of vein displacements. These areas are now being drilled which
will conclude the Phase 4 drilling programme.

Commenting on today's exploration update, Arian's President and Chief
Executive Officer, Jim Williams, said:

"These most recent drill results show continuity of vein thickness,
silver mineralization and grade as we drill along the SJV. Now that the
geophysical survey has been completed and indicates where the SJV has
been displaced, we can now drill these new target areas as part of this
current phase of drilling before completing the Phase 4 programme. Once
this current phase of drilling has finished we shall be working on an
updated independent resource estimate, and we continue to believe the
San Jos� Project has considerable potential upside to offer."

A schematic plan showing the location of the updated drilling and the
area covered by the IP geophysical survey in relation to the SJV strike
is available at the following link:

http://www.ariansilver.com/i/pdf/120116dht-Phase_4_Plan_Update.pdf

A complete list of all the latest assay results can be obtained via the
following link:

http://www.ariansilver.com/i/pdf/120116dht-Intersecciones_con_ensayes.
pdf

Resource Recap
At San Jos�, Arian has already reported significant NI 43-101 compliant
Indicated and Inferred resources of:

.. Indicated comprising 8 million ("M") tonnes ("t") containing
approximately 30 M ounces ("oz") of silver ("Ag"), 70 M pounds ("lbs")
of lead ("Pb") and 127 Mlbs of zinc ("Zn"), and;
.. Inferred comprising 17 Mt containing approximately 58 Moz of Ag, 140
Mlbs of Pb and 291 Mlbs of Zn.

These resources are detailed in the Company's news release dated 20
July 2011. On completion of the Phase 4 drilling a further resource
update will be reported.


Forward Looking Strategy
The Company, as previously reported, has commenced small-scale
production using contract mining and toll milling at San Jos� to
generate cash flow and to investigate the optimal processing route for
an expanded operation in due course. Arian's forward looking strategy
continues to include the building up of additional NI 43-101 compliant
resources to support the eventual use of larger-scale mechanized mining
methods over wide mineralized structures that will result in reduced
unit operating costs.


QA/QC
All technical information for the San Jos� Project is obtained and
reported under a formal quality assurance and quality control (QA/QC)
programme. The core is logged and photographed by Arian's staff and
then split using a diamond saw. Half the core is stored on-site in a
secure core shed and the other half is labelled, bagged and secured
before transporting to Stewart Group's sample preparation facility at
the San Jos� Project in Zacatecas, Mexico. Each sample has its own
unique sample number. The entire half-core is crushed to minus 10 mesh
and a half kilogram riffle split is pulverized and homogenized to minus
200 mesh. The pulp samples are then moved to Stewart Group's analytical
laboratory at the San Jos� Project for final analysis. Systematic
assaying of duplicates, blanks and certified reference material is
performed for precision and accuracy; quality procedures and processes
are continually reviewed and monitored with protocols in place to deal
with any non-conformity. Stewart Group's laboratories in Zacatecas,
Mexico are ISO 9001:2000 accredited.

Approximately 5% of the analysed samples are re-sampled and sent to ALS
Chemex preparation facility in Guadalajara, Mexico. The samples consist
of both coarse reject samples as well as pulp samples. The coarse
material is crushed and pulverised according to the same protocol, and
the pulp samples are air freighted to ALS Chemex's analytical
laboratories in Vancouver, Canada, for analysis. Results from all
duplicate analyses are compared to identify potential analytical or
sampling errors.

Stewart Group and ALS Chemex Laboratories are independent of Arian.

The samples were analysed for a multi element scan by aqua regia
digestion and ICP (inductively coupled plasma) finish.  High-grade
samples (>200 g/t Ag) were re-analysed by fire assay with a gravimetric
finish.


About the Company
Arian is a publicly quoted silver exploration, development and
production company, operating in one of the richest silver-bearing
districts in the world, Zacatecas State, Mexico.  The Company is
committed to mining in existing silver areas, and to exploring new
opportunities. Arian's main project is San Jos�, in Zacatecas State,
where we anticipate increasing production in due course.

Arian Silver Corporation was founded by Jim Williams (President & CEO)
and Tony Williams (Chairman) and is listed on AIM, London, TSX Venture
Exchange, Toronto and on the Frankfurt Stock Exchange (as I3A). The
Company's headquarters are in Berkeley Square, London.

Further information can be found by visiting Arian's website:
www.ariansilver.com or the Company's publicly available records at
www.sedar.com.


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 news release has been prepared under Mr. Williams'
supervision. Mr. Williams has verified the data disclosed in this
release.


Forward-Looking Information
This news 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 the San Jos� Project with respect to
estimates of mineral resource quantities, mineral resource qualities,
the potential scope and context of the mineralized area, the potential
for upgrading the mineral resource estimate and the Company's
exploration and drilling targets, goals, objectives and plans) 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. Factors that could cause actual results
or events to differ materially from current expectations include, but
are not limited to: failure to establish estimated mineral resources,
the grade, quality and recovery of mineral resources varying from
estimates, risks related to the exploration stage of the Company's
properties, the possibility that future exploration results will not be
consistent with the Company's expectations (including identifying
additional and/or deeper mineralization), changes in the price of
silver, changes in equity markets, political developments in Mexico,
uncertainties relating to the availability and costs of financing
needed in the future, changes to regulations affecting the Company's
activities, delays in obtaining or failures to obtain required
regulatory approvals, the uncertainties involved in interpreting
drilling and exploration results and other geological data and other
factors (including exploration, development and operating risks).

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.

Readers are reminded that mineral resources are not mineral reserves
and have not demonstrated economic viability. There is no certainty
that mineral resources can be upgraded to mineral reserves through
continued exploration.


For further information please contact:

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

Arian Silver Corporation David Taylor Company Secretary +44(0)20 7887
6599
dtaylor@ariansilver.com

Grant Thornton Gerry Beaney Head of Capital Markets +44(0)20 7383 5100
gerry.d.beaney@gtuk.com

XCAP Securities John Grant Head of Corporate Finance +44(0)20 7101 7070
John.Grant@xcapgroup.com

Yellow Jersey PR Dominic Barretto Managing Director +44(0)7768 537 739
dominic@yellowjerseypr.com


Toronto, Canada
CHF Investor Relations Cathy Hume CEO +1 416 868 1073 x231
cathy@chfir.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.

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Copyright (c) 2012 ARIAN SILVER CORPORATION (AGQ)  All rights reserved.
 For more information visit our website at http://www.ariansilver.com/
or send mailto:info@ariansilver.com
Message sent on Mon Jan 16, 2012 at 7:08:55 AM Pacific Time
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