U.S. Silver Announces Exploration Drill Results

U.S. Silver Corporation (TSX:USA, OTCQX:USSSIF, Frankfurt:QE2) 'U.S.
Silver? or 'the Company? is pleased to announce continued positive
results from underground diamond drilling at the Galena and Coeur Mines
near Wallace, Idaho.

The Company previously announced positive diamond drilling results from
the 4000 and 5200 levels at the Galena mine. The Company has also
initiated drilling on the 3700 level at the Coeur mine in support of
resource validation as part of the ongoing redevelopment planning.
Drilling continues on all three levels with 13,456 feet (4,101 meters)
of drilling completed during the second quarter of 2011 and 39,980 year
to date. Currently, three drills are operating underground with a total
of four drill shifts per day.

U.S. Silver has also initiated a surface drilling program and is diamond
drilling the Argentine and Geraldine Veins, in Argentine Gulch, between
the Galena and Coeur Mines. The two veins are the surface expression of
the 2400 level, 290 Vein. One deep drill hole has been completed and is
being processed, and a second wedge-off hole has been initiated.
Additionally, U.S. Silver is collaring diamond drill holes at the Coeur
D′Alene Mine to explore extensions of known silver-copper bearing veins.
Currently two drills are operating on the surface 24 hours a day seven
days a week. A total of 2,200 feet surface exploration drilling has been
completed.

'Increased drilling activity has continued to provide encouraging
results at the Galena and the Coeur mines as we work hard to expand our
reserve base from known areas of mineralization. Grades encountered are
in excess of what we anticipated and we are confident that the Company
will once again expand our reserves this year as we have every year
since acquiring the property.? stated Tom Parker CEO of US Silver. 'The
addition of a surface exploration drilling program opens the opportunity
to define new discoveries on our extensive land position in a silver
rich region that has not been extensively explored.?

DRILLING HIGHLIGHTS

Drilling in 2011 continues U.S. Silver′s 2010 trend of identifying new
silver veins as well as extensions of existing silver veins at the
Galena and Coeur Mines. The best intersection encountered on the Coeur
3400 level was 8.2 feet (2.50 m) of true thickness averaging 25.1 opt
(780.70 gpt) Ag and 0.58 % Cu. Since March 4, 2011, the best
intersection encountered on the Galena 4000 level was 2.3 feet (0.70 m)
of true thickness grading 44.33 opt (1378.82 gpt) Ag and 2.2% Cu. The
best intersection on the Galena 5200 level was 10.3 feet (3.14 m) of
true thickness grading 26.0 opt (808.69 gpt) Ag and 0.93% Cu.

Coeur Mine, 3400 Level

A new drilling program was completed on the Coeur Mine 3400 Level to
validate existing resource blocks. The drilling was conducted on the 425
Vein and proved successful validating resource blocks and providing
additional new resources.

Results from the six holes intersecting the 425 Vein as follows (vein
widths are corrected for true thickness):

Step-out drilling on the 425 Vein also delineated a new adjoining
resource block of 9,000 tons having an average grade of 15.0 opt (466.55
gpt) Ag and 0.44% Cu, for an average thickness of 7.0 feet( 2.13 m).

Galena Mine,4000
Level

In the West Argentine area of the 4000 Level a new drill program was
initiated to validate resource and vein dip projection in support of
automated mining of the 260 vein and also testing extensions of the
footwall 284 Vein. This program is different from the previous 4000
level Central Area drilling program results presented in the March 4,
2011 press release. The Central Area results are currently being
followed up with a second phase program currently underway. Results
received to-date are as follows (vein widths are corrected for true
thickness):

Galena Mine, 5200 Level

A second phase drilling program is being conducted on the 5200 Level to
further delineate the northern and southern strike extents of the
silver-copper 220 Vein which has been developed on the 4600 and 4900
Levels. In addition, the drilling has provided additional information
regarding the adjacent silver-copper 196 vein, and a new silver-copper
vein, the 230 vein. Highlights from the second phase drill program are
as follows (vein widths are corrected for true thickness):

QUALIFIED PERSON

Information of a technical nature in this press release respecting the
properties has been prepared and reviewed by Mr. Gregory P. Nickel,
Chief Geologist for U. S. Silver, who supervised the drilling and
sampling programs. Mr. Nickel is a 'Qualified Person? within the meaning
of National Instrument 43-101 of the Canadian Securities Administrators.

All silver assay results reported in this new release were analyzed
using standard fire assay techniques by American Analytical Services
located in Osburn, Idaho. Check assays are conducted by ACT Labs,
located in Ontario, Canada. All samples are obtained and assays are
reported under a formal quality assurance program. Underground diamond
drill core holes are drilled with BQ size tools.

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 near
Wallace, Idaho. U.S. Silver controls a land package totaling
approximately 14,000 acres. 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

Manager IR

Heather Foster,
208-752-1116 x221