IP Inca Pacific Resources

Arian Silver Corporation ("Arian" or the "Company") (TSX
VENTURE:AGQ)(AIM:AGQ)(PLUS:AGQ)(FRANKFURT:I3A), a silver exploration,
development and production company with a focus on projects in the silver belt
of Mexico, today announced further encouraging results from the Company's Phase
4 exploration drilling programme together with the completion of a geophysical
induced polarisation ("IP") survey at its 100% owned San Jose Property ("San
Jose"), located in Zacatecas State, Mexico.


Highlights:



--  36 drill holes for 9,400 metres ("m") completed so far; 
--  Multiple high-grade silver intercepts with step-out and infill drilling
    along the San Jose Vein ("SJV"); 
--  IP survey completed on the western end of the SJV; and 
--  Resource estimate update anticipated following completion of Phase 4
    drilling. 



These results continue to support the large scale resource potential along the
SJV indicated by the initial 24 holes of the Phase 4 drill programme announced
on 24 October 2011.


Drilling Update

The Phase 4 drilling programme, which is nearing completion, is for up to 40
drill holes totalling 10,000m comprising both step-out and in-fill drilling
along the extensive strike length of the SJV. The strategy is to identify
additional resources and to upgrade the current resources by both size and
category. 


Selected intercepts from the current drilling include:



--  Hole GW-11-048 comprising multiple intercepts, including 6.97m(i) with
    259 g/t Ag, and 2.59m(i) with 270 g/t Ag, and 2.59m(i) with 230 g/t Ag; 
--  Hole GW-11-052 comprising 4.33m(i) with 183 g/t Ag, and 4.63m(i) with
    253 g/t Ag; 



(i) representing true thicknesses. 

Geophysical IP Survey

During November and December 2011 an IP geophysical survey was completed with a
view to interpretation of the displacement of the SJV due to the effects of a
significant regional fault system which cuts across the western portion of the
SJV, some 1.5 km east of the western boundary of the concession. The survey
comprised seven parallel lines, 200m apart, for a total of 12.5 km and
successfully identified these areas of vein displacements. These areas are now
being drilled which will conclude the Phase 4 drilling programme.


Commenting on today's exploration update, Arian's President and Chief Executive
Officer, Jim Williams, said:


"These most recent drill results show continuity of vein thickness, silver
mineralization and grade as we drill along the SJV. Now that the geophysical
survey has been completed and indicates where the SJV has been displaced, we can
now drill these new target areas as part of this current phase of drilling
before completing the Phase 4 programme. Once this current phase of drilling has
finished we shall be working on an updated independent resource estimate, and we
continue to believe the San Jose Project has considerable potential upside to
offer."


A schematic plan showing the location of the updated drilling and the area
covered by the IP geophysical survey in relation to the SJV strike is available
at the following link:


http://www.ariansilver.com/i/pdf/120116dht-Phase_4_Plan_Update.pdf

A complete list of all the latest assay results can be obtained via the
following link:


http://www.ariansilver.com/i/pdf/120116dht-Intersecciones_con_ensayes.pdf

Resource Recap

At San Jose, Arian has already reported significant NI 43-101 compliant
Indicated and Inferred resources of:




--  Indicated comprising 8 million ("M") tonnes ("t") containing
    approximately 30 M ounces ("oz") of silver ("Ag"), 70 M pounds ("lbs")
    of lead ("Pb") and 127 Mlbs of zinc ("Zn"), and; 
--  Inferred comprising 17 Mt containing approximately 58 Moz of Ag, 140
    Mlbs of Pb and 291 Mlbs of Zn. 



These resources are detailed in the Company's news release dated 20 July 2011.
On completion of the Phase 4 drilling a further resource update will be
reported.


Forward Looking Strategy

The Company, as previously reported, has commenced small-scale production using
contract mining and toll milling at San Jose to generate cash flow and to
investigate the optimal processing route for an expanded operation in due
course. Arian's forward looking strategy continues to include the building up of
additional NI 43-101 compliant resources to support the eventual use of
larger-scale mechanized mining methods over wide mineralized structures that
will result in reduced unit operating costs. 


QA/QC

All technical information for the San Jose Project is obtained and reported
under a formal quality assurance and quality control (QA/QC) programme. The core
is logged and photographed by Arian's staff and then split using a diamond saw.
Half the core is stored on-site in a secure core shed and the other half is
labelled, bagged and secured before transporting to Stewart Group's sample
preparation facility at the San Jose Project in Zacatecas, Mexico. Each sample
has its own unique sample number. The entire half-core is crushed to minus 10
mesh and a half kilogram riffle split is pulverized and homogenized to minus 200
mesh. 


The pulp samples are then moved to Stewart Group's analytical laboratory at the
San Jose Project for final analysis. Systematic assaying of duplicates, blanks
and certified reference material is performed for precision and accuracy;
quality procedures and processes are continually reviewed and monitored with
protocols in place to deal with any non-conformity. Stewart Group's laboratories
in Zacatecas, Mexico are ISO 9001:2000 accredited.


Approximately 5% of the analysed samples are re-sampled and sent to ALS Chemex
preparation facility in Guadalajara, Mexico. The samples consist of both coarse
reject samples as well as pulp samples. The coarse material is crushed and
pulverised according to the same protocol, and the pulp samples are air
freighted to ALS Chemex's analytical laboratories in Vancouver, Canada, for
analysis. Results from all duplicate analyses are compared to identify potential
analytical or sampling errors.


Stewart Group and ALS Chemex Laboratories are independent of Arian.

The samples were analysed for a multi element scan by aqua regia digestion and
ICP (inductively coupled plasma) finish. High-grade samples (greater than 200
g/t Ag) were re-analysed by fire assay with a gravimetric finish.


About the Company

Arian is a publicly quoted silver exploration, development and production
company, operating in one of the richest silver-bearing districts in the world,
Zacatecas State, Mexico. The Company is committed to mining in existing silver
areas, and to exploring new opportunities. Arian's main project is San Jose, in
Zacatecas State, where we anticipate increasing production in due course. 


Arian Silver Corporation was founded by Jim Williams (President & CEO) and Tony
Williams (Chairman) and is listed on AIM, London, TSX Venture Exchange, Toronto
and on the Frankfurt Stock Exchange (as I3A). The Company's headquarters are in
Berkeley Square, London. 


Further information can be found by visiting Arian's website:
www.ariansilver.com or the Company's publicly available records at
www.sedar.com.


Qualified Person

Mr Jim Williams, Eur Ing, Eur Geol, BSc, MSc, D.I.C., FIMMM, the Chief Executive
Officer of Arian, is a "Qualified Person" as defined in the AIM guidelines of
the London Stock Exchange, and a "Qualified Person" as such term is defined in
Canadian National Instrument 43-101 ("NI 43-101"). This news release has been
prepared under Mr. Williams' supervision. Mr. Williams has verified the data
disclosed in this release. 


Forward-Looking Information

This news release contains certain "forward-looking statements". All statements,
other than statements of historical fact, that address activities, events or
developments that the Company believes, expects or anticipates will or may occur
in the future (including, without limitation statements relating to the San Jose
Project with respect to estimates of mineral resource quantities, mineral
resource qualities, the potential scope and context of the mineralized area, the
potential for upgrading the mineral resource estimate and the Company's
exploration and drilling targets, goals, objectives and plans) are
forward-looking statements. These forward-looking statements reflect the current
expectations or beliefs of the Company based on information currently available
to the Company. Forward-looking statements are subject to a number of
significant risks and uncertainties and other factors that may cause the actual
results of the Company to differ materially from those discussed in the
forward-looking statements, and even if such actual results are realized or
substantially realized, there can be no assurance that they will have the
expected consequences to, or effects on the Company. Factors that could cause
actual results or events to differ materially from current expectations include,
but are not limited to: failure to establish estimated mineral resources, the
grade, quality and recovery of mineral resources varying from estimates, risks
related to the exploration stage of the Company's properties, the possibility
that future exploration results will not be consistent with the Company's
expectations (including identifying additional and/or deeper mineralization),
changes in the price of silver, changes in equity markets, political
developments in Mexico, uncertainties relating to the availability and costs of
financing needed in the future, changes to regulations affecting the Company's
activities, delays in obtaining or failures to obtain required regulatory
approvals, the uncertainties involved in interpreting drilling and exploration
results and other geological data and other factors (including exploration,
development and operating risks).


Any forward-looking statement speaks only as of the date on which it is made
and, except as may be required by applicable securities laws, the Company
disclaims any intent or obligation to update any forward-looking statement,
whether as a result of new information, future events or results or otherwise.
Although the Company believes that the assumptions inherent in the
forward-looking statements are reasonable, forward-looking statements are not
guaranteed of future performance and accordingly undue reliance should not be
put on such statements due to the inherent uncertainty therein.


Readers are reminded that mineral resources are not mineral reserves and have
not demonstrated economic viability. There is no certainty that mineral
resources can be upgraded to mineral reserves through continued exploration.

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