Argentum Silver Closes First Tranche of Private Pla Cement

Argentum Silver Corporation Suite 311 - 409 Granville Street Vancouver, BC CANADA V6C 1T2

ARGENTUM SILVER CLOSES FIRST TRANCHE OF PRIVATE PLACEMENT

October 2, 2014 – Argentum Silver Corp. (ASL-V) ("Argentum" or the "Company") is pleased to announce that it has closed the first tranche of its private placement in the amount of 1,905,908 units at $0.055 per unit for total gross proceeds of $104,825. Each unit consists of one common share and one transferable share purchase warrant, each warrant entitling the holder to purchase one additional common share for a period of two years at a price of $0.10 per share.

All securities issued under the placement are subject to hold periods expiring on February 3, 2015.

The proceeds of the private placement will be used for general working capital.

The Company also announces that it has issued all shares under the debt settlement first announced on September 11, 2014 and accepted by the TSX Venture Exchange on September 22, 2014. All debt pursuant to the issuance of shares under the shares for debt transaction has now been extinguished.

About Argentum Silver

Argentum holds a 100% interest in the Coyote and Victoria properties located in Jalisco, Mexico, and the Lachiguiri and Silacayoapan properties located in Oaxaca, Mexico. For further information, please visit www.argentumsilvercorp.com.

On behalf of the Board of Directors of Argentum Silver Corp.

“Geoff Balderson”

President & CEO

For information please contact:

Phone: 604-602-0001 Email: [email protected]

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 the 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.