Communicators

Arian Silver Corporation: Private Placement to Raise Up to Cdn$ 3,000,000 Pricing Change

Arian Silver Corporation (the "Company") (TSX VENTURE:AGQ) (AIM:AGQ) (PLUS:AGQ) (FRANKFURT:I3A) announces a pricing change in relation to its previously announced (see press release of April 24, 2008) proposal to raise up to Cdn$3,000,000 by way of a non-brokered private placement. The Company now proposes to issue of up to 12,000,000 units of securities of the Company (each, a "Unit") at Cdn$0.25 per Unit. Each Unit will consist of one common share of the Company and one-half of one common share purchase warrant. Each whole warrant (a "Warrant") will entitle the holder thereof to acquire one common share (each, a "Warrant Share") for a period of 18 months from the date of the closing of the private placement (the "Closing Date") at an exercise price of Cdn$0.35 per Warrant Share, provided, however, that in the event the closing price of the common shares of the Company on the TSX Venture Exchange exceeds Cdn$0.65 for a period of twenty (20) consecutive trading days commencing any time after the Closing date, the Company may accelerate the expiry date of the Warrants by providing notice to the Warrant holders, in which case, all unexercised Warrants will expire thirty (30) days after such notice is given by the Company.

The Company has received indications from potential subscribers that, if fulfilled, will satisfy the entire placement.

For further information please contact:

Arian Silver Corporation
Jim Williams -CEO
+44 (0)207 529 7511 (London)

Bishopsgate Communications Limited
Nick Rome
+44 (0)207 562 3350 (London)

Vicarage Capital Limited
Martin Wood
+44 (0)207 060 1303 (London)

Grant Thornton Corporate Finance
Gerry Beaney
+44 (0)207 385 5100 (London)

Vanguard Shareholders Solutions
Keith Schaefer
+1 (604) 608 0824 (Canada)
Toll Free:1866 898 0825 (US & Canada)

Arian Silver Corporation is a silver exploration company listed on London’s AIM and “PLUS”, on Toronto’s TSX Venture Exchange and on the Frankfurt Stock Exchange. Arian is active in Mexico, the world’s largest silver producing country. The Company’s main projects are the Calicanto and San Jose projects in Zacatecas State and the Tepal project in Michoacán State. Part of Arian’s forward-looking strategy lies in the envisaged use of large scale mechanised mining techniques over wider mineralised structures, which reduces the overall operating cost per ounce of silver, and to build up National Instrument 43-101 compliant resources.

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