“We are exceptionally pleased with our 2017 offtake arrangements,” stated Brendan Cahill, President and CEO. “This material reduction in treatment and refining charges directly increases net revenues and cash flows, while significantly decreasing cash costs per ounce, all very welcome developments in this important transition year at Platosa. The global zinc market continues to tighten, and we are looking forward to yet higher zinc and lead prices over the course of 2017.”

Mammoth Resources Corp. would like to announce that it intends to proceed with a non-brokered private placement of up to 1.875 million units of the Company at an offering price of $0.08 per Unit, for gross proceeds of up to $150,000. Each Unit consists of one common share of the Company and one common share purchase warrant. Each Warrant will entitle the holder thereof to acquire one Common Share until 18 months following closing of the private placement, at an exercise price of $0.12. The Company has set no minimum number of Units to be distributed and no minimum dollar amount required to be raised in connection with the Private Placement.

Mr. Ward is a professional engineer (Ontario) and metallurgist with extensive experience in the processing of gold and base metal ores and industrial minerals. He has executive/senior management experience, practical plant operating experience, extensive engineering experience and has for the past 19 years been intimately involved in a variety of feasibility studies, audits, operations support and project evaluations. After operational positions, Ian spent 16 years with Kilborn Ltd. (now SNC-Lavalin), then 12 years as President of Micon International followed by 5 years with Kinross Gold Corp mostly as VP and Chief Metallurgist.

Mr. Thompson, “Although progress is slower than we had hoped we are nearing production. The year 2017 will have Mexus ramping up to 10,000 tons a day at the Santa Elena mine. In addition, we expect great things from our San Felix project with production occurring as soon as feasible. All of this is occurring with minimal debt.”

Arian Silver Corporation announces that upon the recommendation of the Company’s Nomination & Remuneration Committee, a share option plan was adopted on 3 February 2017 to succeed the Company’s existing stock option plan. The Share Option Plan provides for the award of options over the Company’s common shares of no par value including HMRC-approved Enterprise Management Incentive share options.

Arian Silver Corporation is pleased to report that, further to the Company’s press release dated 1 August 2016 announcing the sale of the Company’s 75 hectare Calicanto project, the assignment has now been finalised, and the cash consideration of US$464,000 has been received (US$400,000 + IVA).

Effective January 13, 2017, Mexus Gold Mining, S.A. de C.V., a wholly owned Mexican subsidiary of the Company, entered into a purchase agreement with Jesus Leopoldo Felix Mazon, Leonardo Elias Jaime Perez, and Elia Lizardi Perez, wherein Mexus purchased a 50% interest in the “San Felix” mining site located in the La Alameda area of Caborca, State of Sonora, Mexico. The remaining 50% of the site is owned jointly by Mar Mar Holdings S.A. de C.V. and Marco Antonio Martinez Mora.