U.S. Silver Receives Approval to Graduate to the TSX

U.S. Silver Corporation (TSX: USA, US OTCQX: USSIF, Frankfurt: QE2)
('US Silver? or the 'Company?) announced today that the Company has
received approval from the Toronto Stock Exchange (the 'TSX') to list
its common shares and warrants on the TSX as an exempt mining issuer,
graduating from the TSX Venture Exchange ('TSXV'). The common shares and
warrants of US Silver will commence trading on the TSX at the opening of
market today, Monday October 3, 2011, under its existing trading
symbols, being 'USA' and 'USA:WT?, respectively.

'The U.S. Silver team is proud to have received approval to list on the
TSX,' said Tom Parker, President and CEO. 'Listing on the TSX represents
a significant corporate accomplishment and milestone for the Company,
representing the significant growth and strength that US Silver has
delivered. The TSX listing represents an opportunity to provide greater
accessibility and liquidity to a broader group of investors and provides
increased market recognition and access to capital. The TSX is a premier
stock exchange for mining companies and a main-board listing will
increase our visibility with investors throughout the world.'

Concurrent with the TSX listing, the common shares and warrants will be
delisted from the TSXV.

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 Foster, IR Manager

208-556-1535
ext. 2