Argentum Silver Intercepts More High Grades at Coyote Property Including 1.2 Metres of 1,645 g/t Silver

VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 03/06/12 -- Argentum Silver Corp. (TSX VENTURE: ASL) ('Argentum' or the 'Company') is pleased to announce assay results from three additional diamond drill holes recently completed on the El Tajo vein at its Coyote property, located in Jalisco, Mexico.

Highlights from holes number 2012-5 through 2012-7 include 2.4 metres of 900 g/t silver (Ag) from hole 2012-7, with a higher grade core of 1.2 metres grading at 1,645 g/t Ag. This hole also hit a second vein grading 403 g/t Ag over 2.5 metres. Highlights of holes numbered 2012-5 through 2012-7 are as follows:

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                               INTERCEPT
HOLE            FROM       TO      WIDTH   Silver     Gold     Lead     Zinc
ID               (m)      (m)     (m)(i)    (g/t)    (g/t)      (%)      (%)
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2012-5         72.00    76.40       4.40       43     0.25     0.72     0.96
2012-6        100.80   101.80       1.00      143     0.31     0.62     1.95
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2012-7         13.60    16.10       2.50      403     0.19     0.19     0.07
2012-7         76.60    79.00       2.40      900     0.45     0.26     0.99
Including      76.60    77.80       1.20     1645     0.65     0.22     1.36
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(i) True widths are estimated to be roughly 70% of drill intercept length.

The depth of the three angled holes ranged from 88.9 to 127.4 metres in depth, for a total of 330.7 metres. Including previously released holes 2012-1 through 4, the seven holes have tested a strike length on the El Tajo vein of 420 metres. An 8th drill hole has been drilled on the El Tajo vein during this phase, approximately 50 metres south of hole 2012-7, and the Company is awaiting assay results from that hole. The first phase program will also test portions of three other mineralized zones within the property area, including La Florida, Bocancha and La Colorada.

Highlights from the drill holes 2012-1 through 4 included an intercept of 2,745 g/t Ag over 2.0 metres on hole 2012-3. Complete highlights from these four holes are available in our news release dated February 29, 2012.

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.

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

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.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contacts:

Argentum Silver Corp.

Ian Tootill

Director of Investor Relations

604.661.2110

604.909.1818 (FAX)
ian@argentumsilvercorp.com
www.argentumsilvercorp.com