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(NYSE-AGQ) - PROSHARES ULTRA SILVER Back
Date Time Headline
November 22, 2010 02:00 Arian Commences New 10,000m Drilling Programme at San Jose, Mexico
LONDON, ENGLAND--(Marketwire - Nov. 22, 2010) - 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 the commencement of a new 10,000m drill
programme at its 100% owned San Jose Property, Zacatecas, Mexico.

The drill programme, which will complement the previous two drilling
campaigns, is aimed initially to delineate additional areas of high grade
mineralisation and to upgrade existing resources, between the Santa Ana and
Guanajuatillo resource areas along the San Jose Vein ("SJV"). The drill
programme will also start to explore in detail the SJV system that lies to the
west of the village of Guanajuatillo, which collectively accounts for
approximately 90% of the known strike length of the SJV system. One drill rig
has commenced drilling at San Jose, and a second drill rig will be mobilised
and operational shortly.

The previous two drilling campaigns delineated JORC and NI 43-101 compliant
resources of approximately 43 million ounces of silver, 120 million pounds of
lead and 250 million pounds of zinc within only approximately 10% of the known
strike length of the SJV within the concession area.

The location of some of the initial planned drill holes are shown in the
satellite images found at the links below:

Link 1 illustrates a zoomed-out view of approximately 5 kilometres ("km") of
the Santa Ana and Guanajuantillo areas

http://media3.marketwire.com/docs/arian_silver_link01_Santa_Ana_Guanajuatillo.
pdf

Link 2 illustrates a zoomed-in view pf the Santa Ana area

http://media3.marketwire.com/docs/arian_silver_link02_Santa_Ana_San_Jose.pdf

Link 3 illustrates a zoomed-in view of the Guanajuantillo area

http://media3.marketwire.com/docs/arian_silver_link03_Guanajuantillo.pdf

Arian has also contracted to purchase a semi-mobile laboratory, which is being
sourced by Stewart Group's Geochemical & Assay Division (the "Stewart Group").
The laboratory comprises a comprehensive sample preparation facility, a fire
assay laboratory and a wet chemistry laboratory that has facilities for Atomic
Absorption Spectrometry ("AAS"). The laboratory will be under the sole control
and operational management of professional personnel from the Stewart Group in
order that results are fully compliant with Arian's quality assurance and
quality control (QA/QC) programme. It is anticipated that the laboratory will
be fully set up within approximately 6-8 weeks in a secure area on the mine
compound at San Jose. Prior to the laboratory becoming operational, Arian will
utilise the analytical services of the Stewart Group's sample preparation
facility in Zacatecas. The Stewart Group, headquartered in the United Kingdom,
provide a network of accredited laboratories and metallurgical services to
mining and exploration companies.

Arian's Chief Executive Officer, Jim Williams, commented: "It is with great
pleasure that I report the commencement of our new 10,000m diamond drilling
programme at San Jose and the decision to purchase a semi-mobile analytical
laboratory. Our efforts remain focused on advancing the San Jose property with
the delineation of further compliant resources and continuing to create
increased shareholder value. One of the current issues with modern-day
exploration is the turn-around times for analytical reporting; this issue will
be largely overcome once the new analytical laboratory has been delivered and
commissioned."

Qualified Person

Mr. Jim Williams, Eur Ing, Eur Geol, BSc, MSc, D.I.C., FIMMM, the Chief
Executive Officer of Arian, is a "Qualified Person" as defined in the AIM
guidelines of the London Stock Exchange, and a "Qualified Person" as such term
is defined in Canadian National Instrument 43-101 ("NI 43-101"). This press
release has been prepared under Mr. Williams' supervision. Mr. Williams has
verified the data disclosed by this release.

Forward-Looking Information:

This press release contains certain "forward-looking statements". All
statements, other than statements of historical fact, that address activities,
events or developments that the Company believes, expects or anticipates will
or may occur in the future (including, without limitation, statements relating
to the proposed drilling programme at San Jose) are forward-looking
statements. These forward-looking statements reflect the current expectations
or beliefs of the Company based on information currently available to the
Company. Forward-looking statements are subject to a number of significant
risks and uncertainties and other factors that may cause the actual results of
the Company to differ materially from those discussed in the forward-looking
statements, and even if such actual results are realized or substantially
realized, there can be no assurance that they will have the expected
consequences to, or effects on the Company.

Any forward-looking statement speaks only as of the date on which it is made
and, except as may be required by applicable securities laws, the Company
disclaims any intent or obligation to update any forward-looking statement,
whether as a result of new information, future events or results or otherwise.
Although the Company believes that the assumptions inherent in the forward-
looking statements are reasonable, forward-looking statements are not
guaranteed of future performance and accordingly undue reliance should not be
put on such statements due to the inherent uncertainty therein.


Contact:

Arian Silver Corporation
Carlyle House
235-237 Vauxhall Bridge Road
London SW1V 1EJ
England

Arian Silver Corporation
Jim Williams
CEO
(London) +44 (0)20 7963 8670
jwilliams@ariansilver.com

Arian Silver Corporation
Graham Potts
CFO & Corporate Secretary
(London) +44 (0)20 7963 8670
gpotts@ariansilver.com

Grant Thornton Corporate Finance
Gerry Beaney
(London) +44 (0)20 7383 5100
gerry.d.beaney@gtuk.com

XCAP Securities PLC
John Grant / Karen Kelly
(London) +44 (0)20 7101 7070
John.Grant@xcapgroup.com
Karen.Kelly@xcapgroup.com

Yellow Jersey PR Limited
Dominic Barretto
(London) +44 (0)20 8980 3545
dominic@yellowjerseypr.com

CHF Investor Relations
Cathy Hume / Nadine O'Neill
(Canada) +1 416 868 1079
cathy@chfir.com
Nadine@chfir.com




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