Argentum Enters into Mining Claim Acquisition Agreement to Acquire Interest IN Vanadium Ridge Property

Argentum Silver Corporation

Suite 400 – 365 Bay Street

Toronto, ON, M5H 2V1

ARGENTUM ENTERS INTO MINING CLAIM ACQUISITION AGREEMENT

TO ACQUIRE INTEREST IN VANADIUM RIDGE PROPERTY

TORONTO, ON – July 10, 2018 – Argentum Silver Corp. (the “Company”) (TSXV: ASL) is pleased

to announce that it has entered into a mining claim acquisition agreement (the “Agreement”) with

Lithium Energy Products Inc. (the “Vendor”) pursuant to which the Company has agreed to purchase

80% of the Vendor's right, title and interest in the Vanadium Ridge Property (the “Property”).

Pursuant to the terms of the Agreement , the Company has agreed to purchase the interest in the

Property, in exchange for the payment of $150,000 and the issuance of 1 ,250,000 common sha res

(“Common Shares”) of the Company to the Vendor on the date the TSX Venture Exchange (“TSXV”)

grants approval of the transaction (“Effective Date”).

Vanadium Ridge Project – British Columbia

The Vanadium Ridge Project is located at the southern end of the Quesnel Trough approximately 50

km north of Kamloops, British Columbia. The property consists of 20 mining claims covering 2,110

hectares near the town of Barriere. In 2008, American Creek Resources conducted mapping,

geochemical sampling, soil sampling and ground geophysics on the property, focused on a large

magnetic anomaly identified in a previously flown airborne survey by the British Columbia

government. Initial results had indicated pot ential for an iron ore deposit as three separate zones

consisting of massive parallel high -grade magnetite seams and pods in gabbro and diorite intrusions

and related skarns. In 2009 American Creek drilled 7 holes totaling of 650 metres to test the continuity

at depth of vanadium -rich magnetite surface exposures located within well -defined magnetic

anomalies. The program was successful in proving that multiple massive magnetite seams and pods

continued at depth. Advanced metallurgical testing of drill-core composites was also performed. Initial

metallurgical testing of the magnetite/vanadium produced concentrate averaging 67% iron, 93%

magnetite, and 0.74% vanadium. This test-work indicates that the magnetite is coarse-grained and

soft, and that silica is not bound in magnetite.

The Vanadium Ridge Project, with its near-surface vanadium-rich magnetite mineralization exposure

is an attractive exploration target that may not require chemical processing for the liberation of a

magnetite concentrate. Argentum feels it is a good entry into what is becoming one of the most sought-

after commodities in the battery-metal sector.

The technical aspects of this press release have been reviewed and approved by Gary Nassif, M.Sc.,

P.Geo., President and CEO of Argentum.

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-lookin g 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 Pr ovider (as that term is defined in the policies of the TSX Venture

Exchange) accepts responsibility for the adequacy or accuracy of this release.