Argentum Silver Corp. has commenced the first phase of its drilling program at the 1,053-hectare Coyote Property, located in the State of Jalisco, Mexico. Argentum has planned a 2,000-metre diamond drill program consisting of nineteen holes ranging in depth from 80 to 130 metres. These holes are targeted to test six of the identified mineralized veins from surface. Argentum can extend this drill program to 3,000 metres or more without re-mobilizing the drill crew. This decision will be made based on initial results of the drilling. In the fall of 2011, the company's exploration programs defined numerous epithermal low-sulfidation vein systems and stockwork zones. The majority of the mineralization occurs within seven belts over an area of approximately 1.5 by 2.6 kilometres, with a cumulative strike length exceeding 5 kilometres. The program is being supervised by James Robinson, the company's Senior Geological Consultant and Advisor, and a Qualified Person under NI 43-101. Results will be released after they are received and interpreted by the company.