ASL Argentum Silver Corp

Argentum Silver Corp. (TSX VENTURE:ASL) ("Argentum" or the "Company") is pleased
to announce assay results from the final ten diamond drill holes recently
completed on the La Florida and La Colorada veins at its Coyote property
(http://www.argentumsilvercorp.com/s/coyote.asp) located in Jalisco, Mexico.
These ten drill holes represent the balance of the Company's first-phase,
25-hole orientation drill program completed at Coyote.


The Company's previous three news releases have reported on 15 holes testing the
El Tajo and Bocancha veins. A map of all drill hole locations in the Company's
completed drill program are available at
http://www.argentumsilvercorp.com/i/pdf/Coyote_drillplan.pdf. 


Six drill holes tested the La Florida vein. Highlights include 10.0 metres
grading 117 g/t silver (Ag) from hole 2012-17, with a higher grade core of 3.0
metres grading 279 g/t Ag. Four drill holes tested the La Colorada vein, which
included 2.3 metres grading 419 g/t Ag. Select results from the La Florida and
La Colorada drilling are as follows: 




----------------------------------------------------------------------------
                                    Intercept                               
HOLE                    FROM     TO     Width Silver   Gold      Lead   Zinc
ID(i)     VEIN           (m)    (m)   (m)(ii)  (g/t)  (g/t)       (%)    (%)
----------------------------------------------------------------------------
2012 - 9  LA FLORIDA    17.2   17.8       0.6     39   0.79      0.63   0.96
----------------------------------------------------------------------------
2012 - 11 LA FLORIDA    59.3   60.8       1.5     89   0.06      0.15   0.10
----------------------------------------------------------------------------
2012 - 12 LA FLORIDA    45.5   47.2       1.7    185   0.14      0.09   0.06
----------------------------------------------------------------------------
2012 - 13 LA FLORIDA   107.5  108.8       1.3     33   0.02      0.47   1.37
----------------------------------------------------------------------------
2012 - 14 LA FLORIDA    44.6   45.8       1.2     66   0.18      0.27   0.24
----------------------------------------------------------------------------
          and           66.4   68.7       2.3    419   0.18     14.83   5.79
----------------------------------------------------------------------------
          including     67.5   68.7       1.2    760   0.17   greater   7.92
                                                            than 20.0       
----------------------------------------------------------------------------
2012 - 17 LA COLORADA   36.8   38.6       1.8     45   0.04      0.36   0.25
----------------------------------------------------------------------------
          and           94.0  104.0      10.0    117   0.06      0.07   0.07
----------------------------------------------------------------------------
          including     95.0   96.0       1.0    166   0.07      0.03   0.01
----------------------------------------------------------------------------
          including    101.0  104.0       3.0    279   0.14      0.15   0.21
----------------------------------------------------------------------------
2012 - 18 LA COLORADA   44.0   45.0       1.0    155   0.11       0.0    0.0
----------------------------------------------------------------------------
2012 - 25 LA COLORADA   90.0   90.7       0.7    120   0.08      0.28   0.27
----------------------------------------------------------------------------
(i) Drill holes 2012-8 and 2012-19 did not intercept significant assay      
values.                                                                     
(ii) True widths are estimated to be roughly 70% of drill intercept length. 



Assaying from this program was completed by ALS Chemex through their office in
Guadalajara, Mexico. Analytical procedures include a 33-element ICP-AES analysis
(ME-ICP61m) and a 50 g FA AA finish for gold (AA-24). Silver assays exceeding
100 g/t are re-assayed by HCL leach with an ICP-AES or AAS finish (OG62). Jim
Robinson, C.P.G., the Company's Senior Geological Consultant and Advisor, and a
Qualified Person under National Instrument 43-101, has designed and supervised
the program, and reviewed and approved the contents of this press release.


Exploration Summary and Proposal 

The northwest trending La Colorada vein is traceable for 300 metres at surface
by a series of surface and underground workings with supportive geophysics,
geochemistry and trenching. The northwest trending La Florida vein is traceable
for 400 metres at surface by a series of surface and underground workings with
supportive geophysics and geochemistry. The northeast trending El Tajo vein is
traceable for 600 metres at surface by a series of surface and underground
workings with supportive geophysics and geochemistry. The positive results the
Company has previously reported from the El Tajo vein have excellent potential
for bonanza grades at depth. Highlights from the previously completed drill
holes on the El Tajo vein included an intercept of 2.0 metres of 2,745 g/t Ag in
hole 2012-3 and 1.2 metres of 1,645 g/t Ag and 2.4 metres of 900 g/t Ag in hole
2012-7. To date, a total of 12 holes have been drilled on the El Tajo vein which
tested the strike length of the vein for more than 500 metres. An additional 4
drill holes drilled at the Bocancha vein did not yield significant assay values.
Complete highlights from the previous drill holes are available in our news
releases dated February 29, 2012, March 6, 2012 and June 11, 2012. 


Argentum has been preparing the cross-sections of all the drill holes to date.
In addition, the Company has been further mapping and trenching additional veins
including the Valenciana vein to the southwest. This vein is of particular
interest and is untested to date. The positive results from the Colorada vein
have encouraged the Company to carry out further trenching and mapping of the
area for a potential late summer drill program. The underground adits at the El
Tajo vein have been rehabilitated and are currently being mapped and sampled as
well. Results from this work will be released throughout the summer months as
they become available. 


All of this work is to help Argentum focus on its proposed drill program to take
place in late summer/early fall of this year. The Company is currently in
negotiations with several drilling contractors, and the total number of meters
proposed for this program has yet to be determined. 


About the Coyote Property 

The 1053-hectare Coyote property contains dozens of individual low sulfidation
epithermal silver-gold veins and stockworks. Most of the mineralization occurs
within six defined zones within an area of approximately 1.5 x 2.6 kilometres.
Vein widths typically range from 1 to over 5 metres. Local areas of stockworks
can exceed 35 metres wide. Over 100 historic workings and prospects explored and
partially developed the district through the early 1900's. Historic production
concentrated on "bonanza" silver grades with operational depth limitations to
the high water table.


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 owns a 100% interest in the Lachiguiri and Silacayoapan
properties, all located in Oaxaca, Mexico, formally 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 

Argentum Silver Corp.

Forward-Looking Statements

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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