A NewSilver Producing Companyin Mexico

May 2012

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§  Growth •  2011 production: Approx. 250,000 oz. Ag in concentrate •  6,300 ha of contiguous concessions with multiple exploration targets •  29% increase in resource tonnage with NI 43-101 resource (Mar 2012)

-  32% increase in contained silver; -  29% increase in contained lead; -  30% increase in contained zinc; -  Mineralisation remains open along both western and eastern strikes and to

depth •  Further drilling planned Q2

§  Experienced management team •  Senior management and directors have over 150 years of combined experience •  expert knowledge of the Zacatecas region

§  Significantly undervalued •  Relative to peer group using any of the conventional valuation methods

INVESTMENT HIGHLIGHTS

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JIM WILLIAMS Co-founder, President & CEO Exploration & Mining Geologist with over 25 years experience worldwide. Good knowledge of Mexico and specifically Zacatecas State.

TONY WILLIAMS Co-founder, Chairman Mining Geologist with over 35 years experience in international mining finance.

JAMES CROMBIE Non-Executive Director A mining engineer with over 25 years experience. Former President & CEO of Palmarejo Silver and Gold Corporation until acquisition by Coeur d’Alene Mines for US$1.1 Billion (December 08).

TOM BAILEY Non-Executive Director Professional legal counsel with over 30 years experience. Worked with Citibank and Chase Manhattan for a number of years.

JAMES CABLE Non-Executive Director Chartered Accountant with over 30 years experience. Significant international and commercial experience in several sectors.

SAM CLARKE Chief Financial Officer Chartered Accountant with over 10 years experience. Significant experience leading and developing finance teams with large multinationals as well as smaller resource companies

DAVID TAYLOR Company Secretary Qualified Company Secretary with more than 10 years experience.

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DIRECTORS & MANAGEMENT LONDON

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Exchanges: TSX-V / AIM : AGQ FSE : I3A

Shares Outstanding: 302 M

Market Capitalization: £91 M (C$140 M)

52 Week High/Low: £0.15 – 0.45

$0.23 – 0.74

Warrants: None

Options: 15 M Priced from $0.10 - $0.79 Expire between June 2013 – June 2016

Major Shareholders: ~ 20% (Comprising Sprott, Directors, and Officers)

Excellent trading volumes / liquidity on the TSX-V and AIM

CORPORATE

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PROPERTY LOCATIONS

Located within the famous silver belt of Zacatecas

AGQ  

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SAN JOSÉ

Fully permitted Operational cash flow achieved in 2011

Significant resource upside

San José Mine Tunnel, Zacatecas, Mexico

SAN JOSÉ 2011 OPERATIONAL SUMMARY

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Production

•  Tonnes mined approx.100k •  Tonnes milled approx. 84k •  Approx. 250k silver ounces produced •  750 silver concentrate tonnes produced

Financial •  Revenue from sale of silver concentrate US$7.5 million •  Gross profit US$0.8 million

Exploration

• San José further production to be funded from concentrate sales this will include: - Infill and step-out drilling on current resource blocks; - Further detailed exploration along western strike extension; and - Drilling planned for Q2. Mining production – big potential to increase

• Current production limited by mill throughput, excellent mining infrastructure big potential to increase 2,000 + tpd

Milling production – will be upgraded

• A study for milling options is underway which is expected to provide a platform to significantly reduce the cost per ounce

SAN JOSÉ POTENTIAL FOR GROWTH

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• Pro mining region with multiple mining operations significant infrastructure in place •   Full mechanization mining methods via the main San José ramp •   San José ramp (5 m wide x 4 m high) extends approx 4 km along the SJV •   500 TPD vertical shaft exploited SJV to ~400 m depth •   Excellent infrastructure in place: – Power has been upgraded to 450 kVA – Mine buildings and compound – Access to water – Access to mining and milling equipment – Access to workers

SAN JOSÉ MINING INFRASTRUCTURE

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•  Resource updated 12 March 2012

•  Mineralization remains completely open along the western strike and to depth

SAN JOSÉ CURRENT RESOURCES

Resource Category

Gross Tonnage Average Grade Contained Metal

Ag (g/t) Pb (%) Zn (%) Ag (Moz) Pb (Mlbs) Zn (Mlbs)

Indicated 8,000,000 119 0.38 0.85 30.61 67.02 149.91

Inferred 24,500,000 110 0.38 0.76 86.65 205.25 410.50

Note: Mineral resource estimates based on all Phase 1, 2, 3 and 4 drill holes (202 drill holes totaling over 38,000 metres)

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AGQ  

SAN JOSÉ CURRENT RESOURCE BLOCKS

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The Calicanto Project: Exploration

• 100% ownership • Approx. 80 ha • Partly contiguous with Capstone’s San Roberto (Cozamin) Property • 4 vein systems discovered; big potential for more • Average grade of ~250 g/t Ag, and 1.0 g/t Au on Calicanto Vein • Phase 1 (3,200 m) diamond drill programme completed

Exploration Potential • Vein systems largely unexplored along strike and to depth • Bonanza grade silver-gold ‘splay’ structures identified • Potential for > 25-50 M oz Ag

CALICANTO ZACATECAS

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CALICANTO MAIN VEIN

Oxide Zone

Sulphide Zone

Historic‘bonanza’

gradeworkings

‘Splay’ vein, minimal historicalmining

BonanzaAu-Aggrades

Average 4m widevein with stockwork

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Why is this indispensable metal in such demand?

Silver has a number of unique properties including its strength, malleability and ductility, its electrical and thermal conductivity, its sensitivity to and high reflectance of light and the ability to endure extreme temperature ranges. Silver’s unique properties restrict its substitution in most applications.

SILVER THE END PRODUCT

Coinage Batteries

Photography Bearings

Silver Jewellery Brazing and Soldering

Silverware Catalysts

Table Settings Electronics Antibacterial

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CORE ASSET SUMMARY

Jim Williams Arian Silver Corporation +44 20 7887 6599 jwilliams@ariansilver.com www.ariansilver.com

Cathy Hume CHF Investor Relations +1 416 868 1079 x 231 cathy@chfir.com www.chfir.com

Dominic Barretto Yellow Jersey PR +44 (0) 776 853 7739 dominic@yellowjerseypr.com www.yellowjerseypr.com

FOR MORE INFORMATION

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The information contained in this presentation (“Presentation”) has been prepared by Arian Silver Corporation (the “Company”). The Presentation has not been independently verified and the information contained within it may be subject to updating, revision and further amendments. The Presentation does not purport to contain all information that a prospective investor may require. This Presentation has not been approved by an authorised person in accordance with Section 21 of the Financial Services and Markets Act 2000 (“FSMA”) and therefore it is only being made to persons falling within an exemption to Section 21 of the FSMA.

This Presentation is being delivered for information purposes only to a very limited number of persons to assist them in deciding whether or not they have an interest in investing in the Company and who are persons who have professional experience in matters relating to investments and who fall within the category of person set out in Article 19 (investment professionals) or Article 49 (high net worth companies, unincorporated associations or partnerships or the trustees of high value trusts) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2001 (“Order”) or who are otherwise permitted by law to receive it. Any other person who does not have professional experience in matters relating to investments should not rely or act upon the information given in the Presentation. By attending this Presentation, the recipient represents and warrants that they are a person who falls within the above description of persons entitled to attend the Presentation. The content of this Presentation is not to be disclosed to any other person or used for any other purpose.

No prospectus has been registered in the United Kingdom and no offer is being made in the United Kingdom in circumstances which would require a prospectus to have been registered in the United Kingdom under the Public Offers of Securities Regulations 1995. Information contained in this Presentation is confidential information and the property of the Company. It is made available strictly for the purposes referred to above. It and any further confidential information made available to any recipient must be held in complete confidence. The information contained in the Presentation shall not be copied, repeated, reproduced or distributed in whole or in part at any time without the prior written consent of the Company. While the information contained herein has been prepared in good faith, neither the Company nor any of its shareholders, directors, officers, agents, employees or advisers give, have given or have authority to give, any representations or warranties (express or implied) as to, or in relation to, the accuracy, reliability or completeness of the information (including, in particular but without limitation, any estimated sales, projections and other figures and as to the market for the Company’s services) in this Presentation, or any revision thereof, or of any other written or oral information made or to be made available to any interested party or its advisers (all such information being referred to as “Information”) and liability therefore is expressly disclaimed. Accordingly, neither the Company nor any of its shareholders, directors, officers, agents, employees or advisers take any responsibility for, or will accept any liability whether direct or indirect, express or implied, contractual, tortuous, statutory or otherwise, in respect of, the accuracy or completeness of the Information or for any of the opinions contained herein or for any errors, omissions or misstatements or for any loss, howsoever arising, from the use of the information contained in the Presentation.

No part of the contents of this Presentation is to be taken as any form of commitment on the part of the Company to proceed with any transaction and the right is reserved to terminate any discussions or negotiations with any prospective investors. In no circumstances will the Company be responsible for any costs, losses or expenses incurred in connection with any appraisal or investigation of the Company. In furnishing this Presentation, the Company does not undertake or agree to any obligation to provide the recipient with access to any additional information or to update this Presentation or to correct any inaccuracies in, or omissions from, this Presentation that may become apparent. This Presentation should not be considered as the giving of investment advice by the Company or any of its shareholders, directors, officers, agents, employees or advisers. Each party to whom this Presentation is made must make its own independent assessment of the Company after making such investigations and taking such advice as may be deemed necessary. In particular, any estimates or projections or opinions contained herein necessarily involve significant elements of subjective judgment, analysis and assumptions and each recipient should satisfy itself in relation to such matters.

Under no circumstances may prospective investors or their officers, employees, agents or advisers contact the management, employees, customers or suppliers of the Company without the written consent of the Company. Information contained in this Presentation may not be (a) taken or transmitted into Australia, Canada, Japan or the United States of America, their territories or possessions; (b) distributed to any U.S. person (as defined in Regulation S under the United States Securities Act of 1933 (as amended)); or (c) distributed to any individual outside Australia, Canada or Japan who is a resident thereof in any such case for the purpose of offer for sale or solicitation or invitation to buy or subscribe any securities or in the context where its distribution may be construed as such offer, solicitation or invitation, in any such case except in compliance with any applicable exemption.

The distribution of information contained in the Presentation in or to persons subject to other jurisdictions may be restricted by law and persons into whose possession any such information comes should inform themselves about, and observe, any such restrictions. Any failure to comply with these restrictions may constitute a violation of the laws of the relevant jurisdiction.

DISCLAIMER

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