FOR:  ARIAN SILVER CORPORATION

TSX VENTURE, AIM, PLUS SYMBOL:  AGQ
FRANKFURT SYMBOL:  I3A

May 29, 2008

Non-Brokered Private Placement Completed

LONDON, UNITED KINGDOM--(Marketwire - May 29, 2008) - Arian Silver Corporation ("Arian" or the "Company") (TSX
VENTURE:AGQ)(AIM:AGQ)(PLUS:AGQ)(FRANKFURT:I3A) is pleased to announce that it has completed, subject only to
receipt of TSX Venture Exchange approval, the non-brokered private placement announced in April.

The placement has raised Cdn$3,023,000 and comprised 12,092,000 units of the Company (each, a "Unit") at
Cdn$0.25 per Unit (the "Offering"). Each Unit consists of one common share of the Company and one-half of a
common share purchase warrant. Each whole warrant (each, a "Warrant") entitles the holder thereof to acquire
one common share (each, a "Warrant Share") for a period of 18 months following from the closing of the
placement at an exercise price of Cdn$0.35 per Warrant Share, provided that in the event that the closing price
of the common shares of the Company on the TSX Venture Exchange exceeds Cdn$0.65 for any period of twenty (20)
consecutive trading days, the Company may accelerate the expiry date of the Warrants by providing notice to the
Warrant holders, in which case, all unexercised Warrants will expire thirty (30) days after such notice.

In connection with the Offering, a finder's fee, payable in cash, of up to Cdn$211,610 representing 7% of the
aggregate gross proceeds raised under the Offering, is payable to registrants who have assisted with the
Offering.

The securities issued under the Offering are subject to a hold period expiring on 30 September 2008.

Application has been made for the 12,092,000 common shares to be admitted to London's AIM and it is expected
that they will be admitted on 3 June, 2008.

Arian Silver Corporation is a silver exploration company listed on London's AIM and "PLUS", on Toronto's TSX
Venture Exchange and on the Frankfurt Stock Exchange. Arian is active in Mexico, the world's largest silver
producing country. The Company's main projects are the Calicanto Group and the San Jose projects in Zacatecas
state, and the Tepal project in Michoacan State. Part of Arian's forward-looking strategy lies in the envisaged
use of large scale mechanised mining techniques over wider mineralised structures, which reduces the overall
operating cost per ounce of silver, and to build up National Instrument 43-101 compliant resources.

Further information can be found by visiting Arian's website: www.ariansilver.com or the Company's publicly
available records at www.sedar.com.


-30-

FOR FURTHER INFORMATION PLEASE CONTACT:

Arian Silver Corporation
Jim Williams
CEO
+44 (0)207 529 7511 (London)

OR

Bishopsgate Communications Limited
Nick Rome
+44 (0)207 562 3350 (London)

OR

Vicarage Capital Limited
Martin Wood
+44 (0)207 060 1303 (London)

OR

Grant Thornton Corporate Finance
Gerry Beaney
+44 (0)207 385 5100 (London)

OR

Vanguard Shareholder Solutions
Keith Schaefer
(604) 608-0824 (Canada)
Toll Free: 1-866-898-0825 (US & Canada)

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

No stock exchange, securities commission or other regulatory authority has approved or disapproved the
information contained herein.

                                                                
Arian Silver Corporation
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