Argentum Silver Intersects 2.90 metres of 449 g/t Silver and

Argentum Silver Intersects 2.90 metres of 449 g/t Silver and 1.44 g/t
Gold at El Tajo Vein 
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 11/14/12 -- Argentum
Silver Corp. (TSX VENTURE:ASL) has now received results from the
final 7 of 17 diamond drill holes recently completed on the 2,164
metre Phase II drill program at its Coyote silver-gold property in
Jalisco, Mexico. Four of the 7 holes explored the El Tajo vein while
three explored the La Colorada vein to the northwest of El Tajo. 
Highlights from these 7 new drill holes include two El Tajo
intercepts of 2.90 metres of 449 g/t silver (Ag) and 1.44 g/t gold
(Au) from Hole 2012-42, and a lower intercept from Hole 2102-36 of
3.70 metres of 179 g/t silver which was not previously reported.
Mineralized intercepts from these 7 holes are as follows: 

VEIN                  HOLE    FROM      TO  WIDTH(1)      Ag      Au AgEQ(2)
                        ID     (m)     (m)       (m)   (g/t)   (g/t)   (g/t)
Upper El                                                                    
 Tajo(2)(i)        2012-36   71.70   73.65      1.95     854    0.31     870
El Tajo(i)                  135.80  137.10      1.30      42    0.17      51
El Tajo                     144.00  147.70      3.70     179    0.05     182
La Colorada        2012-37  130.95  131.35      0.40      85    0.01      86
La Colorada        2012-38   56.45   60.85      4.40      66    0.04      68
La Colorada        2012-39   58.00   60.10      2.10      30    0.03      32
El Tajo            2012-40  114.65  115.65      1.00      85    0.46     109
El Tajo            2012
-41  117.00  118.20      1.20      31    0.06      34
El Tajo            2012-42   85.50   88.40      2.90     449    1.44     524
(1) True widths are estimated to be roughly 70% of drill intercept length.  
(2) AgEQ = Silver Equivalent based on Au price of US$1756.1/oz and Ag price 
of US$33.63/oz.                                                             
(i)Previously reported in our October 25, 2012 news release.                

The El Tajo vein has been intercepted by drilling to depths ranging
from 65 to 120 metres vertical from surface, over a strike length of
600 metres. El Tajo drill intercepts to date range from 0.85 metres
to 11.0 metres (11.0 metres of 288 g/t Ag from Hole 2012-28). Grades
range from 31 g/t Ag to 1,470 g/t Ag (4.0 metres of 1,470 g/t Ag from
Hole 2012-3). A separate sub parallel hanging wall vein labeled Upper
El Tajo 2 has been intercepted over a strikelength of 350 metres.
Upper El Tajo 2 drill intercepts to date range from 0.35 metres to
2.5 metres (2.5 metres of 403 g/t Ag from Hole 2012-7). Grades range
from 16 g/t Ag to 1,083 g/t Ag (0.85 metres of 1,083 g/t Ag from Hole
"Phase 2 of our drill program pulled consistently good results from
the El Tajo vein, and the last few holes being reported here are no
different. We are happy with the results and once final
interpretations are completed by our geological team, we will be
putting out a summary news release," said Warren McIntyre, President
of Argentum Silver. 
The 1053-hectare Coyote property contains dozens of individual low
sulfidation epithermal silver-gold veins and stockworking. Most of
the mineralization occurs within seven defined zones within an area
of approximately 1.5 x 2.6 kilometres. Vein widths typically range
from 1 to over 5 metres. Stockwork zones have locally been mapped at
surface where widths have exceeded 35 metres. Results released from
this drill program have only tested the El Tajo and La Colorada
historic mine areas. 
Assaying from this program was completed by ALS Chemex through their
office in Guadalajara, Mexico. Analytical procedures include a 33
element ICP-AES analysis (ME-ICP61m) and a 50 g FA AA finish for gold
(AA-24). Silver assays exceeding 100 g/t are re-assayed by HCL leach
with an ICP-AES or AAS finish (OG62). Paul Cowley, P.Geo. and the
Company's Senior Geological Consultant and Advisor, and a Qualified
Person under NI 43-101 has designed and supervised the program, and
reviewed and approved the contents of this press release. 
About Coyote Property 
The Coyote project is located near the town of Chilicayote, within
the state of Jalisco, Mexico. Road access and infrastructure are
excellent. The property is approximately 150 linear kilometres
southwest of the capital city of Guadalajara, and roughly a 3 1/2
hour drive. Topography is generally gentle to moderate. A regional
electrical power line crosses the property. 
About Argentum Silver 
Argentum has earned a 100% interest in the Coyote silver-gold project
and Victoria property located in Jalisco, Mexico. Argentum also owns
a 100% interest in the Lachiguiri and Silacayoapan properties, all
located in Oaxaca, Mexico. 
On behalf of the Board of Directors of Argentum Silver Corp. 
Warren McIntyre, President and Chief Executive Officer 
Argentum Silver Corp. 
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. 
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. 
Argentum Silver Corp.
Ian Tootill
Director of Investor Relations
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