CORRECTION FROM SOURCE-Arian Silver Corporation: Approval of Fixed Share Option Plan and Grant of Share Options

The common shares of the Company exercisable at a price of C$0.26 or GBP 0.162
announced at 13:36 today was published in error. The correct exercise price was
C$0.32077 or GBP 0.20. The full corrected text of the announcement is repeated
below. 


Arian Silver Corporation (the "Company") (TSX
VENTURE:AGQ)(AIM:AGQ)(FRANKFURT:I3A) a silver exploration, development and
production company with a focus on projects in the silver belt of Mexico,
announces that subject to approval by the TSX Venture Exchange (the "TSXV"), the
Board approved the rolling share option plan to be converted to a fixed plan
(the "Fixed Option Plan") under which 30,000,000 common shares of the Company
with no par value ("common shares") would be reserved for issuance representing
approximately 9.94% of the currently issued and outstanding common shares.


All currently subsisting options granted under any previous share option plan of
the Company would form part of the 30,000,000 share limit.


Furthermore, the Board has approved the grant of options to Eligible Persons (as
defined in the Fixed Option Plan) over 1,000,000 common shares of the Company
exercisable at a price of C$0.32077 or GBP 0.20 until 29 May 2017 pursuant to
the rules of the share option plan. Such options vest immediately but may not be
exercised until such time as the Fixed Option Plan has been approved by the
TSXV.