U.S. Silver Announces Union Agreement

U.S. Silver Corporation (TSX-V: USA, US OTCQX: USSIF, Frankfurt: QE2)
('US Silver? or the 'Company?) announced today that it has reached a
ratified Collective Bargaining Agreement with the United Steel Workers
that is in effect until March 31, 2014.

'We are very pleased to have reached an agreement that benefits both the
Company and its dedicated employees in a competitive way? stated Tom
Parker, CEO of US Silver. 'Both parties worked long hours to reach this
agreement and the Company is very grateful for everyone′s efforts.?

The Company is also pleased to announce the appointment of Heather
Bailey-Foster to the position of Manager Investor Relations. Heather has
been with US Silver for four and a half years in increasingly senior
roles and has been very active in investor relations for the past year.
Heather is based at the Galena mine in Wallace, Idaho and has an
in-depth knowledge of the operations at the Galena Mine. She can be
reached at the number below.

ABOUT U.S. SILVER CORPORATION

U.S. Silver, through its wholly owned subsidiaries, owns and/or operates
the Galena, Coeur, Caladay and Dayrock silver-lead-copper mines in
Shoshone County, Idaho, with the Galena mine being the second most
prolific silver mine in US history. Total silver production from U.S.
Silver's mining complex has exceeded 217 million ounces of silver
production since 1953. U.S. Silver controls a land package now totaling
approximately 14,000 acres in the heart of the Coeur d'Alene Mining
District. U.S. Silver is focused on expanding the production from
existing operations as well as exploring and developing its extensive
Silver Valley holdings in the Coeur d'Alene Mining District.

Neither 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.

Certain information in this press release may contain
forward-looking statements. This information is based on current
expectations that are subject to significant risks and uncertainties
that are difficult to predict. Actual results might differ materially
from results suggested in any forward-looking statements. The Company
assumes no obligation to update the forward-looking statements, or to
update the reasons why actual results could differ from those reflected
in the forward looking-statements unless and until required by
securities laws applicable to the Company. Additional information
identifying risks and uncertainties is contained in filings by the
Company with the Canadian securities regulators, which filings are
available at www.sedar.com.

U.S. Silver Corporation

Heather Bailey-Foster

Manager IR

(208)
752-1116 x221

or

TMX Equicom

Patrick Piette

(416)
815-0700 x267

or

Macdougall Consultants Ltd.

(226)
663-3000