ASL Argentum Silver Corp

Argentum Silver Corp. ("Argentum" or the "Company") (TSX VENTURE:ASL) is pleased
to announce that all 11,902,270 warrants issued on February 15, 2011 at an
exercise price of $0.15 were exercised prior to the March 31, 2012 extended
deadline (see our news release dated January 23, 2012) for total gross proceeds
of $1,785,340.50. In addition, a further 626,773 broker's warrants were
exercised prior to the February 15, 2012 expiry for additional gross proceeds of
$94,016.


The additional funds will be used to carry out a second phase of drilling on our
Coyote project in the late summer, and to perform further geophysics work on the
Company's other properties with a view to determining further exploration plans.


Option Cancellation

The Company also announces the cancellation of 50,000 of the stock options
issued on March 1, 2012. The options were exercisable at a price of $0.31 per
share on or before March 1, 2017.


About Argentum Silver

Argentum has 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

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.

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