Argentum Provides Corporate Update

Argentum Silver Corporation

Suite 400 – 365 Bay Street

Toronto, ON M5H 2V1

ARGENTUM PROVIDES CORPORATE UPDATE

Vancouver, BC – October 27, 2017 – Argentum Silver Corp. (“Argentum” or the “Company”) (ASL- TSX-V) is pleased

to announce that it has commenced planning stages for an exploration program on its Butt Township Property in

northeastern Ontario. The Company plans to follow up on the results of ground magnetometer and induced polarization

surveys carried out by previous owners in 2011. The exploratio n plan consists of geological mapping, prospecting and

sampling to determine the location of radioactive pegmatites and various lithologies on the property and their relationship

to the magnetic and chargeability patterns. The Property was acquired for its potential for uranium and rare earth

mineralization hosted in pegmatite dykes. The Company signed an option to earn 100% interest in the property (see July

4, 2017 press release for details).

The Company also announces the signing of a Share Purchase Agre ement (the “ Agreement”) dated October 15, 2017,

between Argentum and 2592391 Ontario Inc. (the “Buyer”), an Ontario-based company. The Agreement provides for the

Buyer to purchase all of Argentum’s shares in both of its Mexican subsidiaries, Plata de Argen tum and Predilecta

Exploration, along with the respective principal amounts of debt due and owing by each of the subsidiaries to Argentum.

For a nominal price, the Buyer will purchase all of the Company’s shares in the two Mexican subsidiaries and will assume

all of the subsidiary debt. The sale will enable the Company to substantially diminish the financial liabilities it holds as a

result of its ownership in the Mexican subsidiaries.

The Company is currently reviewing several precious metal mining and ex ploration opportunities, including its Butt

Township Property, in mining -friendly jurisdictions in North and South America. The Company’s management has

undertaken extensive due diligence on these opportunities and will provide further updates on these developments as they

occur.

About Argentum Silver Corp.

Argentum holds a 100% interest in the Coyote and Victoria properties located in Jalisco, Mexico as well as an undivided

100% interest in mining claims located in the Butt Township, Ontario, Canada. For f urther information, please visit the

Company’s profile at www.sedar.com.

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

/s/Gary Nassif, President & CEO

For information please contact:

Phone: 416-855-9304

Email: [email protected]

Certain statements contained in this press release constitute forward -looking information. These statements relate to future events or future

performance. The use of the word, "will" and similar expressions and statements relating to matters that are not historical facts are intended

to identify forward-looking information and are based on the Issuer's current belief or assumptions as to the outcome and timing of such future

events. Actual future results may differ materially.

Various assumptions or factors are typically applied in drawing conclusions or making the forecasts or projections set out in forward-looking

information. Those assumptions and factors are based on information currently available to the Issuer. The material factors and assumptions

include the ability of the Issuer to meet the conditions for listing of the Exchange. The Issuer cautions the reader that the above list of risk

factors is not exhausti ve. Those assumptions and factors are based on information currently available to the Issuer. The forward -looking

information contained in this release is made as of the date hereof and the Issuer is not obligated to update or revise any f orward-looking

information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws, or as otherwise

may be disclosed in this news release. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue

reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.

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