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LONDON, ENGLAND--(Marketwire - Feb. 24, 2011) -
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, is pleased to announce that in accordance with the Option to Purchase Agreement (the "Agreement") granted to Geologix Explorations Inc ("Geologix") for the purchase of a 100% interest in the Tepal Gold-Copper Project in Michoacan, Mexico, Geologix has delivered US$1,023,000 cash (including IVA) and 1,089,318 common shares of Geologix to Arian as consideration for the final payment obligations under the terms of the Agreement between Geologix and Arian. The shares issued to Arian are subject to a four month restricted sale period.




FOR FURTHER INFORMATION PLEASE CONTACT: Berkeley Square House
Arian Silver Corporation
Berkeley Square
London
W1J 6BD
England
ORJim Williams
Arian Silver Corporation
CEO
(London) +44 (0)20 7887 6599
jwilliams@ariansilver.com
ORGraham Potts
Arian Silver Corporation
CFO & Corporate Secretary
(London) +44 (0)20 7887 6599
gpotts@ariansilver.com
ORGerry Beaney
Grant Thornton Corporate Finance
(London) +44 (0)20 7383 5100
gerry.d.beaney@gtuk.com
ORJohn Grant / Karen Kelly
XCAP Securities PLC
(London) +44 (0)20 7101 7070
John.Grant@xcapgroup.com / Karen.Kelly@xcapgroup.com
ORDominic Barretto
Yellow Jersey PR Limited
(London) +44 (0)20 8980 3545
dominic@yellowjerseypr.com
ORCathy Hume
CHF Investor Relations
(Canada) +1 416 868 1079 x 231
cathy@chfir.com