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Sch 1 Update - Arian Silver

23 May 2006 15:29

AIM23 May 2006 ANNOUNCEMENT TO BE MADE BY THE AIM APPLICANT PRIOR TO ADMISSION IN ACCORDANCE WITH AIM RULE 2 ALL APPLICANTS MUST COMPLETE THE FOLLOWING: COMPANY NAME:Arian Silver Corporation COMPANY ADDRESS:Palm Grove HousePO Box 3190, Road TownTortolaBritish Virgin Islands COMPANY POSTCODE:n/a COUNTRY OF INCORPORATION:British Virgin Islands COMPANY BUSINESS OR, IN THE CASE OF AN INVESTING COMPANY, DETAILS OF ITSINVESTMENT STRATEGY TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE 2, PARAGRAPH (J)OF THE AIM RULES:Arian Silver holds a portfolio of silver exploration and development projects inMexico. The company aims to develop these projects and any others it may acquiretowards production through a combination of company development and/or jointventure/acquisition opportunities. DETAILS OF SECURITIES TO BE ADMITTED (i.e. where known, number of shares,nominal value and issue price to which it seeks admission and the number andtype to be held as treasury shares):86,315,869 shares of no par value CAPITAL TO BE RAISED ON ADMISSION:Nil FULL NAMES AND FUNCTIONS OF DIRECTORS AND PROPOSED DIRECTORS:Anthony Joseph Williams, Executive ChairmanJames Thomas Williams, Chief Executive OfficerJames Seymour Cable, Finance DirectorThomas Anstey Bailey, Non-Executive DirectorDavid William Cohen, Non-Executive DirectorJohn Merfyn Roberts, Non-Executive Director PERSON(S) INTERESTED IN 3% OR MORE OF THE ISSUER'S CAPITAL, EXPRESSED AS APERCENTAGE OF THE ISSUED SHARE CAPITAL BEFORE AND AFTER ADMISSION:After admission Credit Suisse Client Nominees (UK) Limited for and on behalf of RAB Special Situations (Master) Fund Limited - 12,000,000 - 13.90% James Thomas Williams - 6,800,000 ordinary shares - 7.90% Silver Investments and Finance Limited - 3,500,000 - 4.05% Aton Select Fund - 2,700,000 - 3.13% NAMES AND ADDRESSES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE 2, PARAGRAPH (H) OFTHE AIM RULES: Name Address Sebucan Foundation Austrasse 15, Postfach 154, FL 9490, Vaduz, Liechtenstein Haywood Securities Inc. 2000-400 Burrard Street, Vancouver, BC, Canada, V6C 3A6 Sovereign Investment Services Limited Herrengasse 2, Postfach 562, FL 9490 Vaduz, Liechtenstein Endeavour Financial International 78-79 New Bond Street, London W1S 1RZCorporation RAB Special Situations (Master) FundLimited 1 Adam Street, London, WC2N 6LE Juan Mayorga Murillo Calle Real de Colima No. 9, Fracc. Camino Real, Guadalupe, Zacatecas C.P. 98600, Mexico Apex Silver Corp Direciojn Guadalajara, Calle Lopez Mateos No. 1480, Despacho 602, Colonia Chapalita, C.P. 44500 Guadalajara, Jalisco, Mexico Enrique Courtade Carretera Trans Peninsular KM 111 No. 727, Fracc. Valle Dorado, Ensenada, B.C. (Baja California), C.P. 22890, Mexico Dragon Management International Services 22 Grosvenor Square, London, W1K 6LFLimited Ridgeway Consultancy Services Ashdale, Cleardown, Woking, Surrey GU22 7HH Details regarding relationship of the above parties and fees received are disclosed on Page 153 of the admission document dated 2 May 2006. ANTICIPATED ACCOUNTING REFERENCE DATE:31 December EXPECTED ADMISSION DATE:25 May 2006 NAME AND ADDRESS OF NOMINATED ADVISER:Canaccord Adams Limited, 1st Floor, Brook House, 27 Upper Brook Street, London W1K 7QF NAME AND ADDRESS OF BROKER:Canaccord Adams Limited, 1st Floor, Brook House, 27 Upper Brook Street, London W1K 7QF DETAILS OF WHERE (POSTAL OR INTERNET ADDRESS) THE ADMISSION DOCUMENT WILL BEAVAILABLE FROM, WITH A STATEMENT THAT THIS WILL CONTAIN FULL DETAILS ABOUT THEAPPLICANT AND THE ADMISSION OF ITS SECURITIES:The admission document contains full details about the Company and the admissionof its common shares to AIM. The admission document are available at theoffices of Canaccord Adams Limited, 1st Floor, Brook House, 27 Upper BrookStreet, London W1K 7QF DATE OF NOTIFICATION:23 May 2006 NEW/ UPDATE (see note):Update This information is provided by RNS The company news service from the London Stock Exchange

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