Argentum Exercises Option to Acquire 100% Ownership of Coyote and Victoria Silver Properties in Mexico

Argentum Silver Corp. (TSX VENTURE:ASL) ("Argentum or the "Company") is pleased
to announce that it has elected to trigger the early exercise provisions of its
option agreement (the "Option") with Soltoro Ltd. (TSX VENTURE:SOL) dated April
25, 2011 and has acquired a 100% undivided interest in the Coyote and Victoria
Silver Properties located in the State of Jalisco, Mexico. Under the terms of
the Option, no additional shares or cash were required to be paid by Argentum.
Argentum recently announced final results from its first-phase, 25-hole
orientation drill program completed at Coyote.


Warren McIntyre, President of Argentum, stated, "We are pleased with our
accomplishments to date. One hundred percent ownership of the Jalisco properties
was key to us moving forward and ensuring our shareholders we are moving in the
right direction. Currently, we are trenching multiple veins on the Coyote
property in preparation for a fall drill program. Soltoro currently holds
roughly 15% of our outstanding shares, and we are pleased to have them as a
partner moving forward."


About the Coyote Property 

The 1053-hectare Coyote property contains dozens of individual low sulfidation
epithermal silver-gold veins and stockworks. Most of the mineralization occurs
within six defined zones within an area of approximately 1.5 x 2.6 kilometres.
Vein widths typically range from 1 to over 5 metres. Local areas of stockworks
can exceed 35 metres wide. Over 100 historic workings and prospects explored and
partially developed the district through the early 1900's. Historic production
concentrated on "bonanza" silver grades with operational depth limitations to
the high water table.


About Argentum Silver 

Argentum owns a 100% interest in the Coyote silver-gold project and the Victoria
property, each located in Jalisco, Mexico, which were acquired from Soltoro Ltd.
Argentum also owns a 100% interest in the Lachiguiri and Silacayoapan
properties, all located in Oaxaca, Mexico, formally 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.

Forward Looking Statements

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.