Arian Silver Corporation is a silver exploration, development and production company operating in silver-bearing districts, Zacatecas State, Mexico. Arian's key project is the San Jose property which lies 55 kilometers to the southeast of Zacatecas City and covers 11 mining concessions totaling approximately 6,300 hectares. The Company focuses on both developing its resource at San Jose and exploring new opportunities. As of December 31, 2011, the Company owned 32 mineral concessions in Mexico totaling approximately 8,038 hectares. It owns 100% of the Calicanto Project, which consists of seven mining concessions totaling approximately 75.5 hectares, namely Calicanto, Vicochea I, Vicochea II, Misie 1 and Misie 2, and Missie 1 and Missie 2 properties. Others projects consist of 14 concessions totaling approximately 1, 683.4 hectares. In February 2011, Geologix Explorations, Inc. (Geologix) exercised the option granted to it by the Company, and acquired 100% of the Tepal property.