Argentum Completes 2,686 Metre First Phase of Drilling at Coyote Property in Jalisco, Mexico

Argentum Silver Corp. (TSX VENTURE:ASL) ("Argentum" or the "Company") announces
the completion of the first phase of the diamond-drilling program at its Coyote
property, located in Jalisco Mexico. A total of 25 holes totaling 2,686 metres
were drilled on the four identified vein zones: 11 holes on the El Tajo zone, 7
holes on the La Florida zone, 4 holes on the Bocancha zone and 3 holes on the La
Colorada zone. The Company's original drill program called for 19 holes to be
drilled, however, the high-grades intercepted in hole 2012-3, which included 2.0
metres of 2,745 g/t silver (Ag), and in hole 2012-7, which included 1.2 metres
of 1,645 g/t Ag, encouraged the company to increase the number of holes drilled
to 25. Results from the first seven holes were announced by news releases dated
February 29 and March 6, 2012. Argentum is currently awaiting assay results from
the remaining 18 holes. 


The drill program was designed and supervised by Jim Robinson, the Company's
Senior Geological Consultant and Advisor, and a Qualified Person under NI
43-101. Core samples were cut in half with a diamond saw, with one split half
analyzed by ALS Chemex Labs. The Company used three qualified standards and
blanks, irregularly inserted in the sample sequence. Included in the QA/QC
program were RQD and Specific Gravity measurements. Analytical procedures
include a 33 element ICP-AES analysis (ME-ICP61m) and a 50 g FA AA finish for
gold (AA-24). Silver assays exceeding 100 g/t are re-assayed by HCL leach with
an ICP-AES or AAS finish (OG62).


About the Coyote Property 

The Coyote project is located near the town of Chilicayote, within the state of
Jalisco, Mexico. Road access and infrastructure are excellent. The property is
approximately 150 linear kilometres southwest of the capital city of
Guadalajara, and roughly a 3 1/2 hour drive. The Coyote property contains dozens
of individual low sulfidation epithermal silver-gold veins and stockworkings.
Most of the mineralization occurs within six defined zones within an area of
approximately 1.5 x 2.6 kilometres. Historic production concentrated on
"bonanza" silver grades with operational depth limitations to the high water
table.


About Argentum Silver 

Argentum holds an option to earn a 100% interest from Soltoro Ltd. in the Coyote
silver-gold project and the Victoria property, each located in Jalisco, Mexico.
Argentum also holds the right to acquire a 100% interest in the Lachiguiri and
Silacayoapan properties, all located in Oaxaca, Mexico, under an option
agreement with Arco Resources Corp. For further information, please go to
www.argentumsilvercorp.com. 


On behalf of the Board of Directors of Argentum Silver Corp. 

Warren McIntyre, President and Chief Executive Officer 

Argentum Silver Corp.

This News Release may contain forward-looking statements including but not
limited to comments regarding the timing and content of upcoming work programs,
geological interpretations, receipt of property titles, potential mineral
recovery processes, etc. Forward-looking statements address future events and
conditions and therefore involve inherent risks and uncertainties. Actual
results may differ materially from those currently anticipated in such
statements. Argentum relies upon litigation protection for forward-looking
statements.