Argentum Makes Final Option Payment

Argentum Silver Corp. ("Argentum" or the "Company") (TSX VENTURE:ASL) is pleased
to announce that it has made the final payment under its option agreement with
Soltoro Ltd. (TSX VENTURE:SOL) dated April 25, 2011. The payment, consisting of
3,500,000 common shares and CDN $120,000 in cash, was made to Soltoro towards
the acquisition of the Coyote and Victoria silver gold properties in Jalisco
State, Mexico. Soltoro now holds a total of 6,300,000 shares of Argentum Silver
(approximately 15% of the outstanding shares of Argentum Silver).


The Company recently announced completion of the first phase, 25 diamond drill
hole program on its' Coyote property. A total of 2,686 metres were drilled on
the four identified vein zones: 11 holes on the El Tajo zone, seven holes on the
La Florida zone, four holes on the Bocancha zone and three holes on the La
Colorada zone. The original drill program called for 19 holes to be drilled;
however, the high grades intercepted in hole 2012-3, which included 2.0 metres
of 2,745 grams per tonne silver, and in hole 2012-7, which included 1.2 metres
of 1,645 grams per tonne silver, encouraged the company to increase the number
of holes drilled to 25. 


The Company released the results from the first 7 drill holes on February 29 and
March 6, 2012. Assay results on the remaining 18 holes will be released once
they have been received and interpreted by the Company.


About Argentum Silver

Argentum has an option to earn a 100% interest from Soltoro Ltd. in the Coyote
silver-gold project and the Victoria property, each located in Jalisco, Mexico.
Argentum also holds the right to acquire a 100% interest in the Lachiguiri and
Silacayoapan properties, all located in Oaxaca, Mexico, under an option
agreement with Arco Resources Corp. 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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