ASL Argentum Silver Corp

Argentum Silver Corp. ("Argentum" or the "Company")(TSX VENTURE:ASL) provides
details with respect to the closing of its Qualifying Transaction (the "QT") and
related financing in the news release of its predecessor company, Silex Ventures
Inc., dated February 16, 2011. As a result of the completion of the QT, Silex
changed its name to Argentum Silver Corp., and its trading symbol changed from
"SXX.P" to "ASL".


Closing of the Qualifying Transaction 

The Company completed its QT with Arco Resources Corp. ("Arco") under which Arco
granted Argentum the right to acquire up to a 100% interest in three of Arco's
claim blocks, including the Lachiguiri property (together, the "Properties"),
all located in Oaxaca, Mexico. Argentum will earn a 90% interest in the
Properties over a three-year period in consideration for total cash payments of
$250,000 and 2,500,000 common shares of Argentum. The first payment of $100,000
and the shares have been issued. The Argentum shares issued to Arco are subject
to the TSX Venture Exchange's Tier 2 Value Security escrow agreement, with 10%
of the shares released from escrow on February 15, 2011 (the "Closing Date") and
an additional 15% every six months from the Closing Date for three years.


The remaining 10% interest in the Properties will remain with Arco as a carried
interest. Argentum may elect at any time during the term of the option to
purchase Arco's 10% carried interest in the Properties for $1,000,000. Once this
election is made, Argentum will have one year to pay this amount. Argentum has
also agreed to reimburse Arco for tax payments of 241,811 Mexican Pesos paid on
the Properties in January of 2011.


Closing of the Private Placement 

On the Closing Date, Argentum also completed a non-brokered private placement to
issue 11,902,270 units ("Units") at a price of $0.11 per Unit for gross proceeds
of $1,309,250. Each Unit consisted of one common share ("Unit Share") and one
share purchase warrant ("Warrant"). Each Warrant will be exercisable for one
additional common share ("Warrant Share") for a period of one year from the date
of issuance at an exercise price of $0.15 per Warrant Share. Argentum paid
$98,194 in cash to certain finders and issued 1,190,227 Finder's Warrants, with
each Finder's Warrant exercisable into one common share at a price of $0.15 per
share for a period of one year from the date of issuance. All securities are
subject to a four month hold period until June 16, 2011.


On the Closing Date, certain owners of Argentum seed shares held in escrow sold
1,000,000 seed shares at a price of $0.07 per seed share to certain proposed
directors and officers of Argentum. Further, 618,750 options were granted to
directors, officers and consultants of Argentum having an exercise price of
$0.15 per share for a term of five years.


Exploration Plan 

The Company has mobilized a geological crew to begin initial mapping at the
Lachiguiri Property. In addition the Company has started an environmental study
on this property in preparation for upcoming IP survey and drill programs. "We
are moving forward very quickly and plan to get the first stage of our intended
programs done in the next 90 days", said Warren McIntyre, the Company's
President and CEO. For full details on the Lachiguiri Property and the initial
exploration plan, please go to Argentum's filing statement dated February 2,
2011 (the "Filing Statement") which is posted under Argentum's profile at
www.sedar.com.


The Company's Board of Directors and senior management are as follows:

Warren McIntyre - President and Chief Executive Officer 

Mr. McIntyre is currently the President and Chief Executive Officer of Arco. He
has extensive finance and M&A experience with public companies, as well as over
15 years experience in the equity markets, primarily with venture capital
financings in the mining sector. He was corporate secretary and a director of
Continuum Resources Ltd. and a director and Chief Financial Officer of Evolving
Gold Corp., both junior exploration companies listed on the TSX-V.


Simon Anderson - Chief Financial Officer 

Mr. Anderson is the Chief Financial Officer of Arco and is President of S2
Management Inc., a private Vancouver-based company providing financial
consulting and corporate advice to private businesses and public companies
listed in Canada and the United States. He has served as an officer and director
of several companies and has experience in the process of public listing of
private companies. Mr. Anderson holds a Bachelor of Commerce in Accounting and
Management Systems from the University of British Columbia, and is a member of
the Institute of Chartered Accountants of British Colombia.


Jeff Sheremeta - Corporate Secretary and Director 

Mr. Sheremeta is the Vice-President, Corporate Secretary and a director of Arco.
He is also the Chief Investment Officer for VersaPay Corporation and the
Corporate Counsel for AgriMarine Holdings Inc., both listed on the TSX-V. Mr.
Sheremeta practiced securities and corporate law with Lang Michener LLP (now
McMillan LLP) in Vancouver, B.C. for six years. Mr. Sheremeta holds an MBA from
Queen's University (2005), a Bachelor of Laws from the University of British
Columbia (1997), and a Bachelor of Commerce from the University of Alberta
(1992). He has been a member of the British Columbia Bar since June of 1998.


Ben Whiting M.Sc., P.Geo. - Director 

Mr. Whiting has over 30 years experience in the international mining sector and
is currently the Chief Geologist for both Orko Silver Corp. and Orex Minerals
Inc., and is also serving on the technical committee of the joint venture
between Orko and Pan American Silver Corp. He is a member of the Association of
Professional Engineers and Geoscientists of British Columbia (APEGBC),
Association of Professional Geoscientists of Ontario (APGO), La Asociacion de
Ingenieros de Minas Metalurgistas y Geologos de Mexico (AIMMGM) and a Fellow of
the Society of Economic Geologists (SEG). He has a professional geologist and
has an Master of Sciences degree from the University of British Columbia.


Lawrence Cyna - Director 

Mr. Cyna has been the President and Chief Executive Officer of Cymor Capital
Inc., a hedge fund specializing in the resource sector, since September of 2002.
He has also been a director and officer of numerous public companies in various
sectors over the past ten years. He is a Chartered Accountant and Certified
Public Accountant (U.S), and is a well-known figure in the Canadian investing
community.


Geoff Balderson - Director 

Mr. Balderson was the President, Chief Executive Officer, Chief Financial
Officer and Secretary of Silex Ventures Inc. He is also the Vice President of
Snowwater Financial Ltd., a private business consulting company located in
Vancouver, British Columbia. He was previously an Investment Advisor at Union
Securities Ltd. in Vancouver, British Columbia from March 2001 to February 2005.
Mr. Balderson received a Marketing and Sales Management Diploma from the
University of British Columbia in April 2006.


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. 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.

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. Arco relies upon litigation protection for forward-looking
statements.

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