Mr. Jim Williams reports

ARIAN SILVER CORPORATION: FINANCING UPDATE

Arian Silver Corp.'s discussions to fully finance the company's flagship San Jose silver project continue to progress.

In August, 2013, the company entered into a 12-month $15.6-million (U.S.) loan facility with Platinum Long Term Growth VIII LLC, convertible at the lender's option at $1.10 per share. On Aug. 28, 2014, the maturity date of the convertible note was extended to Sept. 30, 2014, for consideration of $350,000 (U.S.). On Sept. 30, 2014, the convertible note was further extended to Oct. 15, 2014, for consideration of $350,000. This extension to the convertible note has been approved by the TSX Venture Exchange conditional upon receipt of the amending agreement and issuance of a news release disclosing the announcement.

The company is in the process of finalizing terms to fully finance the San Jose project for the foreseeable future and information regarding the new lender and terms of the financing package will be announced upon the conclusion of negotiations.

Full details regarding the loan facility with Platinum were announced on Sept. 2, 2013, and are available from the company's website.