VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 7, 2011) -Argentum Silver Corp. (TSX VENTURE:ASL) ("Argentum" or the "Company") announces the grant of incentive stock options to a consultant of the Company to purchase up to 100,000 common shares in the capital stock of the Company pursuant to an approved share option plan. The options are exercisable at a price of $0.25 per share on or before October 6, 2012, subject to the approval of the TSX Venture Exchange.

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, President and Chief Executive Officer

Argentum Silver Corp.

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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.

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