News Releases

January 23, 2012: Vancouver, B.C.: Argentum Silver Corp. ("Argentum" or the "Company") announces that it has extended the expiry date of its unexercised share purchase warrants, issued February 15, 2011 (the "Warrants"), to March 31, 2012. The extension, which has been approved by the TSX Venture Exchange, applies to the 11,757,270 Warrants still outstanding.

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"
Warren McIntyre
President and Chief Executive Officer
Argentum Silver Corp.
For further information:

Ian Tootill, Director of Investor Relations
Phone: 604.661.2110
Email: ian@argentumsilvercorp.com
www.argentumsilvercorp.com

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.

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.