Trading Symbols
                                                                           AIM: AGQ
                                                                           FWB: I3A

    27 January 2016

                            Placing and directors' dealings                        

    Arian Silver Corporation ("Arian" or the "Company") is pleased to announce that
    the Company, in connection with Beaufort Securities, has placed 75 million
    units ("Units") at 1 pence per Unit to raise £750,000 (the "Placing"). In
    addition, directors and employees of the Company have subscribed for 4,787,493
    Units at 1 pence per Unit (the "Subscription") to raise £47,875. The gross
    proceeds of the Placing and Subscription would therefore amount to £797,875 in
    aggregate.

    Each Unit comprises one new common share ("New Common Share") and one new share
    warrant ("Warrant") which entitles the holder to subscribe for one New Common
    Share at a price of 1.5 pence. The expiry date of each Warrant will be 27
    February 2019.

    The Company intends to use the proceeds of the Placing to advance exploration
    of its mining concessions in Zacatecas, Mexico, as well as for general working
    capital and corporate purposes.

    Jim Williams, Chief Executive Officer of Arian commented: "I am once again
    excited to be taking Arian forwards in what could be described as a new
    chapter.

    Our cash outflows have reduced significantly in recent months as head office
    costs have been streamlined, most notably through internal reorganisation and
    reduction in salaries paid, we have to date generated monthly savings of US$0.1
    million.

    Looking at 2016, we will have a stronger balance sheet, firstly through the
    elimination of debt financing, and secondly with the injection of cash from
    this financing. The market is ripening with opportunities, which we are
    positioning ourselves to seize."

    The following directors have subscribed for the following Units:

    Director              No. Units Total Resulting    Total Shareholding as a   
                         Subscribed  Shareholding   percentage of enlarged share 
                                                               capital           
                                                                                 
    A J Williams          1,688,702       1,688,702             1.5%             
                                                                                 
    J T Williams          1,000,000       1,500,000             1.3%             
                                                                                 
    T A Bailey            1,314,226       1,314,226             1.2%             
                                                                                 
    J A Crombie             416,665         566,665             0.5%             

    Employees of the Company have agreed to subscribe for 367,900 Units.

    The Placing and Subscription are conditional on the New Common Shares being
    admitted to trading on AIM ("Admission"). Application will be made to the
    London Stock Exchange for the 79,787,493 New Common Shares to be admitted to
    trading on AIM. Admission of the New Common Shares is expected to become
    effective at 8:00 am on or around 2 February 2016.

    Total Voting Rights

    Following Admission and assuming no exercise of Warrants, the Company will have
    113,694,941 common shares in issue.  The Company has no shares in treasury,
    therefore the figure of 113,694,941 should be used by shareholders as the
    denominator for the calculations by which they will determine if they are
    required to notify their interest in, or a change of their interest in, the
    share capital of the Company under the FCA's Disclosure and Transparency Rules.

    Related Party Transaction

    The subscriptions for Units by the following directors:

    -     A. J. Williams,

    -     J. T. Williams,

    -     T. A. Bailey, and

    -     J. A. Crombie

    are considered related party transactions for the purposes of the AIM Rules for
    Companies. Mr James Cable is not participating in the Placing nor the
    Subscription. James Cable, having consulted with the Company's nominated
    adviser, Cantor Fitzgerald Europe, considers that the terms of the Subscription
    by the directors are fair and reasonable insofar as the Company's shareholders
    are concerned.

    For further information please contact:

    Arian Silver Corporation             Beaufort Securities                     
    Jim Williams, CEO                    Jon Belliss                             
    David Taylor, Company Secretary      +44 (0)20 7382 8300                     
                                                                                 
                                                                                 
    OR                                                                           
                                                                                 
    Yellow Jersey PR Limited             Cantor Fitzgerald Europe                
    Dominic Barretto                     Stewart Dickson / David Porter / Patrick
    (London) +44 (0)7768 537 739         Pittaway                                
    dominic@yellowjerseypr.com           (London) +44 (0)20 7894 7000