Company Web Site: www.ariansilver.com

(NI) 43-101 reports from projects located in: Mexico (MX)

This report is based on NI 43-101 disclosures and fully diluted share counts available on: 2010-02-10. Metrics have been updated with stock price and metal prices in effect at the close of Canadian markets on 2010-03-11.

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GoldMinerPulse Most Optimistic Resource Estimate Summary (MORE):
Metrics last with prices in effect at the TSX/TSXV close on 2010-03-11

Project/Deposit	CC	MVpSh	PP%	MI%	I%	Silver	Lead	Zinc
San Jose	MX	$2.85	0	20%	80%	42.78 M oz	54.84 K t	112.20 K t
GoldMinerPulse Metrics - Total All Projects/Deposits by Metal, prices from 2010-Mar-11
Metric / Metal						Silver	Lead	Zinc
Metal Totals						42.78 M oz	54.84 K t	112.20 K t
Metal Prices in US$ (from 2010-03-11)						$17.15 per oz	$1.01820 per lb	$1.05510 per lb
Metal Value per Share (MVpSh) (Shown in US$ and based on fully diluted share count shown below)						$1.87	$0.31	$0.67
Percentage of Total Metal Value						65.64%	11.01%	23.35%
PP% | MI% | I%						0 | 21% | 79%	0 | 20% | 80%	0 | 17% | 83%
GoldMinerPulse Metrics - All Metals from All Projects/Deposits and Prices from 2010-Mar-11
Metal Value per Share (MVpSh)						US$2.85
Average Ore Value per Tonne						US$83.5
Metal Value Leverage (MVL)						30.74
Market Capitalization as % of Metal Value						3.3%
Recent Stock Price						C$0.095   (TSX/TSXV close on 2010-03-11.)   Conversion rate used: 1 Cnd$ = 0.976275 US$ )
Fully Diluted Share Count						392.01 M    ( Arian Silver Website, showed 287.009 fully diluted shares (Thu Jun 18, 2009). An additional shares added to the count in anticipation of a closing of the ArArian Silver's $3.5 Million Non-Brokered Private Placement Completed and Oversubscribed Jan 22, 2010 press release. )
PP% | MI% | I%						0 | 20% | 80%
Silver Metrics-- all Projects/Deposits
Average Silver Ore Grade						99.4 g/t
Market Capitalization     per oz of Silver In Ground						$0.85   US$  |   0.87   C$
Silver Eq Oz Estimate						65.17 M oz   ( 42.78 M oz are in ground)
Market Capitalization     per oz of Silver Equilavent						$0.56   US$  |   0.57   C$
See terms for more about GoldMinerPulse metrics.

Additional Notes:

Calicanto Project    -    See p. 15 of 24 of Arian Silver, An Emerging Silver Producer Dec 2009 presentation.

The Calicanto Project comprises ~80 hectares (100% owned) in the heart of Zacatecas Mining district.  

AGQ Removed Gold List and Added to Silver List    -    Arian Notified of Geologix's Intention to Exercise Tepal Option, January 19, 2010.

With the sale of the Tepal property, Arian no longer holds gold resources. Therefore, Arian has been moved to the GMP Silver List (65% of in ground metal value is from silver). 

GoldMinerPulse Coverage Status:

• GoldMinerPulse coverage of Arian Silver Corporation is complete pending a final internal review.

(NI) 43-101 Report:

Title: RESOURCE ESTIMATION UPDATE FOR THE SAN JOSE SILVER-LEAD-ZINC DEPOSIT, ZACATECAS, MEXICO
Date: 2008-08-15 (196 pages)

Updates: Also see Preliminary Economic Assessment Report (PEAR) on the San Jose Silver Lead-Zinc Deposit, Zacatecas, Mexico, dated 22nd June 2009.

Project Location: Zacatecas, Mexico

Map View: View San Jose project on a Google Map.

Most Optimistic Resource Estimates (MORE):

Metal	MVpSh	Contained Metal Quantity	Ore Grade	Ore Quantity
Silver	$0.39	9.02 M oz	127.710 g/t	2.20 M t
Lead	$0.06	11.20 K t	5,100.000 g/t	2.20 M t
Zinc	$0.11	19.32 K t	8,800.000 g/t	2.20 M t
Estimate notes: See NI 43-101 p. 9 of 196 30ppm Ag envelope

Metal	MVpSh	Contained Metal Quantity	Ore Grade	Ore Quantity
Silver	$1.48	33.76 M oz	93.840 g/t	11.19 M t
Lead	$0.25	43.64 K t	3,900.000 g/t	11.19 M t
Zinc	$0.55	92.88 K t	8,300.000 g/t	11.19 M t
Estimate notes: See NI 43-101 p. 9 of 196 30ppm Ag envelope