Arian Silver Signs Definitive Contract for New 500 tpd Processing Plant

Arian Silver Corporation ("Arian" or the "Company") (TSX
VENTURE:AGQ)(AIM:AGQ)(FRANKFURT:I3A), a silver exploration, development and
production company with a focus on projects in the silver belt of Mexico, is
pleased to announce the signing of a definitive contract for exclusive use of a
newly refurbished processing plant located close to the City of Zacatecas ("the
Plant"). The Plant has a rated capacity of 500 tonnes per day ("tpd") and is
expected to become operational during December.


Key points:



--  Definitive contract for exclusive use of a newly refurbished 500 tpd
    Plant; 
--  Anticipates significantly improved recoveries of silver, as well as
    revenue from lead and zinc; 
--  Initial milling contract for 90,000 tonnes of Run Of Mine ("ROM") ore at
    a fixed cost of US$38 per tonne; 
--  Well placed to resume full scale contract mining to feed the new mill;
    and 
--  Arian remains focussed on developing the resources outlined at San Jose
    for a larger scale and more efficient silver, lead and zinc operation. 



Once the mill is operational, Arian will recommence delivery of the ROM ore from
its 100% owned San Jose mine located approximately 50 kilometres away. Initially
ROM ore will be sourced from surface stockpiles built up since the suspension of
the previous toll milling operation; and thereafter from the ongoing contract
mining.


The initial milling contract is for 90,000 tonnes of ROM ore at a fixed
processing cost of US$38 per tonne which includes all maintenance and repair
costs. This equates to approximately six months of production at 500 tpd and the
contract is renewable. Arian will provide full-time supervisory staff and a 2%
net smelter royalty on concentrate value is payable under the terms of the San
Jose concession purchase. 


Arian's Chief Executive Officer, Jim Williams, commented: "We expect to achieve
significantly improved recoveries of silver from this new toll milling operation
as well as the potential for additional recoveries from lead and zinc previously
not available to us. It will also provide a useful stepping stone towards the
construction of a Company-owned processing plant on site at San Jose. While
working to finalise the toll milling agreement, our mining and geological teams
have continued to develop the mine and update the mining plan thus ensuring we
are well placed to resume full scale contract mining to feed the new mill." 


As previously stated, Arian remains focussed on developing the resources
outlined at San Jose for a larger scale and more efficient silver, lead and zinc
operation. Preliminary metallurgical results announced in October were
encouraging and discussions have commenced on the possible acquisition of a
Company-owned processing plant to support the flow sheet indicated by this
metallurgical testing together with a financing method to best serve
shareholders' interests. Currently, financial models for an expanded operation
indicate positive returns on investment over relatively short time frames with
silver prices significantly discounted from current values.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Arian Silver Corporation
Berkeley Square House
Berkeley Square
London
W1J 6BD
England


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


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


Grant Thornton Corporate Finance
Gerry Beaney / David Hignell
(London) +44 (0)20 7383 5100
gerry.d.beaney@uk.gt.com


Hawkwood Capital LLP
John Grant / Edmund Glover
(London) +44 (0)20 3195 6500
john.grant@hawkwoodllp.com
edmund.glover@hawkwoodllp.com


XCAP Securities PLC
Jon Belliss
(London) +44 (0)20 7101 7070
jon.belliss@xcapgroup.com


Yellow Jersey PR Limited
Dominic Barretto
(London) +44 (0)7768537739
dominic@yellowjerseypr.com


CHF Investor Relations
Juliet Heading
(Canada) +1 416 868 1079 x 239
juliet@chfir.com

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