United Silver Corp. Announces Refining Agreement

United Silver Corp. ('USC' or the 'Company') (TSX: USC)(OTCQX: USCZF)
announced today that it has signed a two-year agreement with Formation
Metals U.S., effective January 1, 2012, for the sale of silver
concentrates from its Crescent Mine Project, once the project begins
generating ore. Formation Metals′ refining facility is located less than
3 miles from the mill.

Graham Clark, USC′s Chairman and CEO, commented, 'We are very pleased to
begin this relationship with Formation Metals. With this agreement in
place, and the expected commissioning of our joint venture expansion of
the New Jersey Mill in the first quarter of 2012, the Crescent Mine
Project will be able to mine, mill, and process all of our ore within a
five-mile radius of our property.?

ABOUT UNITED SILVER CORP.

USC is a vertically integrated mining company with operations in Idaho,
USA. The Company has earned, through development and operations, an 80%
interest in the Crescent Silver Mine project in Idaho's prolific Silver
Belt - directly between two of the world's historically largest silver
producing properties, the Sunshine and Bunker Hill mines. The Company
also offers a full suite of mining services including contract mining
and mine machine repair and fabrication services to silver miners in the
district. The Company's common shares trade on the Toronto Stock
Exchange under the symbol 'USC'. For more information about the Company,
please visit: www.unitedsilvercorp.com.

ON BEHALF OF UNITED SILVER CORP.

'Graham Clark'

Chairman and Interim CEO

FORWARD LOOKING STATEMENTS: This press release contains forward-looking
statements, which address future events and conditions, which are
subject to various risks and uncertainties. Forward looking statements
in this press release include: that our project will commence to
generate silver ore, the expected commissioning of the New Jersey Mill
in the first quarter of 2012, and the company can mine, mill and process
ore within a five-mile radius. The Company's actual results and
financial position could differ materially from those anticipated in
such forward-looking statements as a result of numerous factors, some of
which may be beyond the Company's control. These factors include: that
we may be unable to generate silver ore commercially or profitably; the
inability to get labor or equipment as required; market prices and
conditions for silver; inaccurate data; the inability to obtain
financing because of market conditions or otherwise, the inability to
get into production and other risks disclosed in the Company's filings
with Canadian Securities Regulators.

Forward-looking statements are based on the expectations and opinions of
the Company's management on the date the statements are made. The
assumptions used in the preparation of such statements, although
considered reasonable at the time of preparation, may prove to be
imprecise and, as such, undue reliance should not be placed on
forward-looking statements. The Company expressly disclaims any
intention or obligation to update or revise any forward-looking
statements whether as a result of new information, future events or
otherwise.

The TSX has not reviewed and does not accept responsibility for the
adequacy or accuracy of the content of this news release.

For United Silver Corp.

Cathy Hume, 416-868-1079 x231

CHF
Investor Relations

cathy@chfir.com