Argentum Silver Corp. (TSX VENTURE:ASL) has now received results from 11 of 17
diamond drill holes completed on the 2,164 metre Phase II drill program at its
Coyote silver-gold property in Jalisco, Mexico. These 11 holes targeted the El
Tajo vein, and all holes intersected the vein with silver mineralization over a
total strike length of 600 metres to date.


Results now available from the 8 newest drill holes (along with results from the
first 3 drill holes previously reported in our news release dated October 18,
2012) demonstrate the continuity of silver mineralization on the El Tajo vein,
in addition to encountering up to three new hanging wall veins. Highlights from
these 8 new drill holes include 3.65 metres of 328 g/t silver (Ag) and 0.85
metres of 1,083 g/t Ag from Hole 2012-29; 4.4 metres of 170 g/t silver from Hole
2102-30; and 1.95 metres of 854 g/t silver from Hole 2102-36. All 8 holes
returned mineralized intercepts as follows:




---------------------------------------------------------------------------
                               FROM       TO  WIDTH(1)    Ag     Au  AgEQ(2)
VEIN               HOLE ID       (m)      (m)      (m)  (g/t)  (g/t)   (g/t)
---------------------------------------------------------------------------
Upper El Tajo 2    2012-29    28.75    29.60     0.85   1083   0.15    1091
---------------------------------------------------------------------------
Upper El Tajo 1               70.50    72.00     1.50     96   0.09     101
---------------------------------------------------------------------------
El Tajo                       96.65   100.30     3.65    328   0.55     357
---------------------------------------------------------------------------
El Tajo            2012-30   121.60   126.00     4.40    170   0.36     189
---------------------------------------------------------------------------
El Tajo            2012-31   145.00   145.85     0.85    160   0.05     163
---------------------------------------------------------------------------
El Tajo            2012-32    75.40    78.20     2.80    153   0.60     184
---------------------------------------------------------------------------
El Tajo            2012-33    91.60    93.60     2.00    138   1.39     211
---------------------------------------------------------------------------
Upper El Tajo 3    2012-34    15.00    15.35     0.35    491   0.89     537
---------------------------------------------------------------------------
El Tajo                      132.25   133.75     1.50     38   0.41      60
---------------------------------------------------------------------------
El Tajo            2012-35   120.40   122.95     2.55    200   0.44     223
---------------------------------------------------------------------------
Upper El Tajo 2    2012-36    71.70    73.65     1.95    854   0.31     870
---------------------------------------------------------------------------
El Tajo                      135.80   137.10     1.30     42   0.17      51
---------------------------------------------------------------------------

(1) True widths are estimated to be roughly 70% of drill intercept length.
(2) AgEQ = Silver Equivalent based on Au price of US$1756.1/oz and Ag price
    of US$33.63/oz.



The El Tajo vein has been intercepted by drilling to depths ranging from 65 to
120 metres vertical from surface, over a strike length of 600 metres. El Tajo
drill intercepts to date range from 0.85 metres to 11.0 metres (11.0 metres of
288 g/t Ag from Hole 2012-28). Grades range from 38 g/t Ag to 1,470 g/t Ag (4.0
metres of 1,470 g/t Ag from Hole 2012-3). Separate mineralized hanging wall
veins were encountered in four of the 11 Phase 2 holes drilled.


Warren McIntyre, President of Argentum, states, "That's 11 mineralized
intercepts for 11 holes drilled in the El Tajo mine area in our Phase II drill
program. Drilling was carried out over a 600 meter strike length, where
high-grade silver mineralization has been intercepted in the El Tajo vein and
its newly discovered hanging wall veins. Drilling has locally tested the system
to a vertical depth of only 120 metres. The El Tajo vein remains open at depth
and to the north-east and south-west. The Company plans to complete a target
deposit calculation at El Tajo to assess the resource potential in this zone
prior to resuming drilling at Coyote."


Results are still pending from 3 additional drill holes in the El Tajo historic
mine area and 3 scout drill holes completed on portions of the La Colorada
mineralized zone. Collectively with the Phase I and II programs, the El Tajo and
La Colorada veins will have been traced for over a 1,100 metre strike length on
surface.


The 1053-hectare Coyote property contains dozens of individual low sulfidation
epithermal silver-gold veins and stockworking. Most of the mineralization occurs
within six defined zones within an area of approximately 1.5 x 2.6 kilometres.
Vein widths typically range from 1 to over 5 metres. Stockwork zones have
locally been mapped at surface where widths have exceeded 35 metres. Results
released from this drill program have only tested the El Tajo historic mine
area.


Assaying from this program was completed by ALS Chemex through their office in
Guadalajara, Mexico. Analytical procedures include a 33 element ICP-AES analysis
(ME-ICP61m) and a 50 g FA AA finish for gold (AA-24). Silver assays exceeding
100 g/t are re-assayed by HCL leach with an ICP-AES or AAS finish (OG62). Paul
Cowley, P.Geo., and the Company's Senior Geological Consultant and Advisor, and
a Qualified Person under NI 43-101 has designed and supervised the program, and
reviewed and approved the contents of this press release.


About Coyote Property

The Coyote project is located near the town of Chilicayote, within the state of
Jalisco, Mexico. Road access and infrastructure are excellent. The property is
approximately 150 linear kilometres southwest of the capital city of
Guadalajara, and roughly a 3 1/2 hour drive. Topography is generally gentle to
moderate. A regional electrical power line crosses the property.


About Argentum Silver

Argentum has earned a 100% interest in the Coyote silver-gold project and
Victoria property located in Jalisco, Mexico. Argentum also owns a 100% interest
in the Lachiguiri and Silacayoapan properties, all located in Oaxaca, Mexico.


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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Argentum Silver Corp.
Ian Tootill
Director of Investor Relations
604.661.2110
ian@argentumsilvercorp.com
www.argentumsilvercorp.com
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