Arian Silver Corporation: Holding(s) in Company

Arian Silver Corporation (TSX VENTURE:AGQ)(AIM:AGQ)(FRANKFURT:I3A)



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TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi                             
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1. Identity of the issuer or the underlying issuer of  Arian Silver         
existing shares to which voting rights are attached:ii Corporation          
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2. Reason for the notification (please tick the appropriate box or boxes):  
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An acquisition or disposal of voting rights                               x 
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An acquisition or disposal of qualifying financial instruments which may    
result in the acquisition of shares already issued to which voting rights   
are attached                                                                
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An acquisition or disposal of instruments with similar economic effect to   
qualifying financial instruments                                            
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An event changing the breakdown of voting rights                            
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Other (please specify):                                                     
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3. Full name of person(s) subject to the notification  Sprott Asset         
obligation:iii                                         Management LP        
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4. Full name of shareholder(s) (if different from      See section 9        
3.):iv                                                                      
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5. Date of the transaction and date on which the       1 March 2013         
threshold is crossed or reached:v                                           
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6. Date on which issuer notified:                      7 March 2013         
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7. Threshold(s) that is/are crossed or reached:vi, vii 16%                  
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8. Notified details:                                                        
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A: Voting rights attached to shares viii, ix                               
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Class/    Situation previous to   Resulting situation after the triggering  
type of   the triggering          transaction                               
shares    transaction                                                       
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if        Number of   Number of   Number of Number of voting % of voting    
possible  Shares      Voting      shares    rights           rights x       
using the             Rights                                                
ISIN CODE                                                                   
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                                  Direct    Direct Indirect  Direct Indirect
                                            xi     xii                      
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Common    51,119,988  51,119,988  48,624,738       48,624,738       15.7%   
Shares                                                                      
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B: Qualifying Financial Instruments                                         
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Resulting situation after the triggering transaction                        
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Type of financial   Expiration  Exercise/   Number of voting    % of voting 
instrument          date xiii   Conversion  rights that may be  rights      
                                Period xiv  acquired if the                 
                                            instrument is                   
                                            exercised/                      
                                            converted.                      
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C: Financial Instruments with similar economic effect to Qualifying         
Financial Instruments xv, xvi                                               
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Resulting situation after the triggering transaction                        
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Type of    Exercise  Expiration  Exercise/     Number of      % of voting   
financial  price     date xvii   Conversion    voting rights  rights xix, xx
instrument                       period xviii  instrument                   
                                               refers to                    
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                                                              Nominal Delta 
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Total (A+B+C)                                                               
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Number of voting rights               Percentage of voting rights           
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48,624,738                            15.7%                                 
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9. Chain of controlled undertakings through which the voting rights and/or  
the financial instruments are effectively held, if applicable: xxi          
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Sprott Asset Management LP is the portfolio manager acting on behalf of the 
Sprott Canadian Equity Fund, Sprott Bull/Bear RSP Fund, Sprott Hedge Fund   
L.P., Sprott Hedge Fund L.P. II, Sprott Master Fund Ltd., Sprott Master Fund
II, Ltd., and certain Sprott managed accounts.                              
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Proxy Voting:                                                               
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10. Name of the proxy holder:                                               
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11. Number of voting rights proxy holder will cease to hold:                
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12. Date on which proxy holder will cease to hold voting                    
rights:                                                                     
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13. Additional information:                                                 
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14. Contact name:                                       David Taylor        
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15. Contact telephone number:                           [phone] 
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FOR FURTHER INFORMATION PLEASE CONTACT: 
Arian Silver Corporation
David Taylor
[phone]