Argentum Begins Drilling at Coyote Property

Argentum Silver Corp. ("Argentum" or the "Company") (TSX VENTURE:ASL) reports
that it has commenced the first phase of its drilling program at the
1053-hectare Coyote Property, located in the State of Jalisco, Mexico. Argentum
has planned a 2000-metre diamond drill program consisting of nineteen holes
ranging in depth from 80 to 130 metres. These holes are targeted to test six of
the identified mineralized veins from surface. Argentum can extend this drill
program to 3000 metres or more without re-mobilizing the drill crew. This
decision will be made based on initial results of the drilling.


In the fall of 2011, the Company's exploration programs defined numerous
epithermal low-sulfidation vein systems and stockwork zones. The majority of the
mineralization occurs within seven belts over an area of approximately 1.5 by
2.6 kilometres, with a cumulative strike length exceeding 5 kilometres.


The program is being supervised by James Robinson, the Company's Senior
Geological Consultant and Advisor, and a Qualified Person under NI 43-101.
Results will be released after they are received and interpreted by the Company.


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 an option to
earn a 100% interest from Soltoro Ltd. in the Victoria and Coyote silver-gold
projects 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, President and Chief Executive Officer

Argentum Silver Corp.

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.

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