Argentum Sells Interest IN Vanadium Ridge Property

Argentum Silver Corporation

Suite 401 – 217 Queen Street West

Toronto, ON, M5V 0R2

ARGENTUM SELLS INTEREST IN VANADIUM RIDGE PROPERTY

TORONTO, ON – May 10, 2021 – Argentum Silver Corp. (“ Argentum” or the “Company”) (TSXV: ASL)

announces that it has entered into a mining claim acquisition agreement (the “Agreement”) with Imbue Capital

(“Imbue”) pursuant to which the Company has agreed to sell its 80% rig ht, title, and interest in the Vanadium

Ridge Property (the “Property”) north of Kamloops, British Colombia.

Pursuant to the terms of the Agreement, Argentum has agreed to sell its interest in the Property, in exchange for

total consideration of $600,000, consisting of $200,000 in cash and $400,000 in stock. More specifically, the

payment schedule for the sale of the Property is as follows:

(i) On signing of the Agreement, Imbue pays to Argentum $50,000 in cash and issues $50,000 worth

of Ares Strategic Mining Inc. (“ Ares”) common shares, the number of which to be based on the

previous 10-day volume-weighted average price (“VWAP”) of the Ares share price;

(ii) Within three months of signing, Imbue pays Argentum $150,000 in cash and issues $200,000 worth

of Ares common shares, the number of which to be based on the p revious 10-day VWAP of the

Ares share price; and,

(iii) Within six months of signing, Imbue issues Argentum $150,000 worth of Ares common shares, the

number of which to be based on the previous 10-day VWAP of the Ares share price.

Shortly after signing the Agreem ent, Imbue paid $50,000 in cash and has issued 78,125 Ares shares to

Argentum, the number of shares issued based on the 10-day VWAP of $0.64 prior to the signing of the

Agreement. Ares Strategic Mining (ex-Lithium Energy Products) i s the 20%-interest holder of the Property.

The transaction remains subject to approval of the TSX Venture Exchange and the common shares issuable

thereunder will be subject to a four-month hold period from the date of issuance.

Qualified Person

Gary Nassif, M.Sc., P.Geo., a Qualified Person (" QP") as such term is defined by National Instrument 43-101

- Standards of Disclosure for Mineral Projects, has reviewed and approved the geological information reported

in this news release.

About Argentum Silver Corp.

Argentum Silver is a junior mineral exploration company listed on the TSXV under the stock symbol ASL.

Through its wholly owned subsidiary, Norsemont II Resources SAC , the company controls the Cochavara

Project consisting of six silve r-lead-zinc mining concessions totalling 3,479 hectares in La Libertad, Northern

Peru. The mining concessions host several mineralized structure s with the main mineralized zone (Margarita

Mine) covering an estimated strike length of 1,500 metres. The project area is located 3.5 kilometres southwest

of the historical Quiruvilca silver-lead-zinc mine deposit, a l arge polymetallic vein system with over 130

different mineralized structures.

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

Gary Nassif

President & CEO

Phone: 416-855-9304

Email: [email protected]

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Forward-Looking Statements

This news release contains certain "forward-looking in formation" within the meaning of applicable securities

law. Forward-looking information is frequently characterized by words su ch as "plan", "expect", "project",

"intend", "believe", "anticipate", "estimate", "may", "will", "would", "potential", "proposed" and other similar

words, or statements that certain events or conditi ons "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 variet y 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 th e Company and its business and affairs, readers should

refer to the Company’s Management’s Discussion and A nalysis. 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.