Argentum Enters into Definitive Option Agreement to Acquire Interest IN Butt Township Property

Argentum Silver Corporation

Suite 400 – 365 Bay Street

Toronto, ON, M5H 2V1

ARGENTUM ENTERS INTO DEFINITIVE OPTION AGREEMENT

TO ACQUIRE INTEREST IN BUTT TOWNSHIP PROPERTY

TORONTO, ON – July 4, 2017 – Argentum Silver Corp. (the “Company”) (TSXV: ASL) is pleased

to announce that it has entered into an option agreement (the “ Option Agreement ”) with Griftco

Corporation (the “Optionor”) pursuant to which the Company has been granted the right to earn a

100% interest in 10 unpatented mining claims located in Butt Township, Ontario (the “Property”).

Pursuant to the terms of the Option Agreement, the Company can earn a 100% interest in the Property

in exchange for:

▪ the payment of $5,000 and the issuance of 100,000 common shares (“ Common Shares”) of

the Company to Griftco on the date the TSX Venture Exchange (“ TSXV”) grants approval of

the transaction (“Effective Date”);

▪ the payment of $25,000 and the issuance of 250,000 Common Shares to the Optionor and the

Company incurring $200,000 in expenditures on the Property on or before the first anniversary

of the Effective Date;

▪ the payment of $25,000 and the issuance of 250,000 Common Shares to the Optionor and the

Company incurring $200,000 in expenditures on the Property on or before the seco nd

anniversary of the Effective Date; and

▪ the payment of $25,000 and the issuance of 250,000 Common Shares to the Optionor and the

Company incurring $500,000 in expenditures on the Property on or before the third anniversary

of the Effective Date.

The transaction remains subject to approval of the TSX Venture Exchange and the Common Shares

issuable thereunder will be subject to a statutory hold period of four months and one day from the date

of issuance.

For further information, please visit www.argentumsilvercorp.com or contact:

Gary Nassif

President & CEO

Phone: 416-855-9304

Email: [email protected]

Forward Looking Statements

This news release contains certain "forward -looking information" within the meaning of applicable securities law. Forward looking

information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate", "may",

"will", "would", "potential", "proposed" and other similar words, or statements that certain events or conditions "may" or "will" occur.

These statements are only predictions. Forward-looking information is based on the opinions and estimates of management at the date

the information is provided, and is subject to a variety of risks and uncertainties and other factors that could cause actual events or

results to differ materially from those projected in the forward -looking information. For a description of the risks and uncertainties

facing the Company and its business and affairs, readers should refer to the Company’s Management’s Discussion and Analysis. The

Company undertakes no obligation to update forward -looking information if circumstances or management's estimates or opinions

should change, unless required by law. The reader is cautioned not to place undue reliance on forward-looking information.

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.