Mr. Warren McIntyre of Argentum reports

ARGENTUM SILVER ADVISED OF 4-5 MILLION OUNCE SILVER POTENTIAL OPEN TO DEPTH AND ALONG STRIKE AT THE COYOTE PROJECT

Argentum Silver Corp. and Soltoro Ltd. have received an independent study and evaluation on a 600-metre portion of the El Tajo vein at the Coyote silver project in Jalisco, Mexico. The report states a minimum target potential of between 482,000 and 876,000 tonnes at a cut-off grade between 50 and 20 grams per tonne, for a potential of between four million and five million ounces silver.

At the Coyote project, the El Tajo vein has been traced on surface over 1.1 kilometres. In 2012, the company drill tested the high-grade El Tajo silver vein over a 600-metre strike length with 25 diamond drill holes for a total of 3,013 metres. The drilling was designed to demonstrate thickness and grade continuity along strike, with drill holes and section fences roughly 50 metres apart and a vertical distance of 140 metres. Results from the independent target deposit estimate prepared by GeoVector Management Inc. are shown in the associated table.

                 TARGET DEPOSIT CALCULATIONS -- EL TAJO VEIN -- APRIL, 2013         
                                                                          
Potential tonnage                Cut-off     Silver grade                Potential silver
range                        grade range            range                       inventory
(tonnes)                        Ag (g/t)            (g/t)                        (ounces)

482,000 to 876,000              20 to 50         67 to 95    Four million to five million

Warren McIntyre, president of Argentum, stated: "Initial drilling demonstrates that the El Tajo vein at the Coyote project hosts the potential for an underground high-grade silver deposit with minor gold and base metal credits. Further drilling is required to test the structure at depth and along strike. El Tajo represents one vein system on the Coyote property with six other vein systems totalling over 6.6 kilometres of total strike length yet to be properly tested. This initial target deposit calculation provides Argentum with a solid base from which to build future resources."

Technical analysis

Geo Vector of Nepean, Ont., was contracted to conduct an independent assessment of the deposit based on information from 25 diamond drill holes drilled in 2012. The database includes drill hole locations, hole orientations, lengths and survey data, downhole lithology information, and assay data from ALS Chemex for the 25 holes.

Geo Vector calculated a range of potential target deposits estimates to reflect multiple mining scenarios. These ranges were calculated using 20 to 50 g/t silver (Ag) cut-off grades for the bulk modelled scenario, and 50 to 150 g/t for the high-grade modelled scenario. In the bulk modelled and high-grade modelled scenarios and minimum width of 4.5 metres to three metres were used, respectively.

The independent report concluded that: "To further test El Tajo's potential it is suggested that Argentum should carry out a program of aggressive drilling, looking plus/minus 100 metres downdip below current drilling, and on 100-metre sections extending along strike in both the northeast and southwest directions. Argentum has excellent potential to increase its high-grade tonnage base, both downdip and along strike. It is conceivable, based on current drilling and the mineralized trend indicated on Argentum's map that expansion drilling could bring the total El Tajo mineralized structure to approximately one kilometre long and to a depth of 250 metres."

The reader should be cautioned that the potential quantities and grades reflected above and in the target deposit potential table are conceptual in nature, that there has been insufficient exploration to define mineral resources, and that it is uncertain if further exploration will result in the target being delineated as a mineral resource.

We seek Safe Harbor.