Argentum Provides an Exploration Update on the Coyote Silver-Gold Project in Jalisco, Mexico

Argentum Silver Corp. ("Argentum" or the "Company") (TSX VENTURE:ASL) announces
that exploration programs are continuing at the Company's 1,053 hectare Coyote
Project, located in the state of Jalisco, Mexico. Argentum holds an option to
acquire 100% of the Coyote and Victoria projects from Soltoro Ltd., as detailed
in the Company's news release dated April 26, 2011. The Coyote project is the
current focus of Argentum's exploration efforts, the results of which will be
used to identify drill targets for the next phase of exploration. A first phase
of geologic mapping, assaying and preliminary geophysical work has now been
completed. 


The Coyote project controls the historic San Miguel de la Sierra mining
district, which contains dozens of silver-gold veins and stockwork deposits.
Most of the mineralization occurs within seven defined zones of mineralization
within an area of approximately 1.5 x 2.6 kilometres. Over one hundred historic
mines and prospects were explored and partially developed within the district
through the early 1900's. Production was limited due to high water table levels
where mining to date has been focused on "bonanza" grade veins. Mineralization
is characterized as epithermal low sulfidation type, and occurs in Upper
Cretaceous andesite volcanics. Vein widths typically range from 1 to over 5
metres, with local zones of stockworking exceeding 35 metres. Several individual
veins have been mapped over strike lengths exceeding 1,000 metres. 


The Coyote project is located near the town of Chilicoyotes, within the state of
Jalisco, Mexico. Access and infrastructure are excellent. The property is
approximately 150 linear kilometers (a 3.5 hour drive) southwest of the capital
city of Guadalajara. Topography is generally flat to moderate. Elevations range
from about 1800 to 2200 meters. Road access within the project is excellent,
afforded by dozens of ranch and logging roads. A regional electrical power line
crosses the property.


The technical information in this news release has been prepared in accordance
with Canadian regulatory requirements set out in National Instrument 43-101 and
reviewed by Jim Robinson, the Company's Senior Geological Consultant and Advisor
and a Qualified Person under NI 43-101.


About Argentum Silver

Argentum holds the right to acquire a 100% interest in the Lachiguiri,
Silacayoapan and Nino Perdido properties, all located in Oaxaca, Mexico, under
an option agreement with Arco Resources Corp. Argentum also has an option to
earn a 100% interest from Soltoro Ltd. in the Victoria and Coyote silver-gold
projects located in Jalisco, Mexico. 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.

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.

Argentum Silver (TSXV:ASL)
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