ARIAN SILVER CORPORATION

Arian Silver announced the results of a Preliminary Economic Assessment for its San Jose project in Zacatecas State, Mexico. The study shows that mining and milling of approximately 500,000 tonnes of resources estimated will recover approximately 2.15 million ozs of silver, 1,800 tonnes of lead and 3,100 tonnes of zinc with an operating cash costs of US$32.00 per tonne. The project net present value (NPV)is estimated at US$13.44 million based on an 8% discount rate with an internal rate of return (IRR) of 159%.