U.S. Silver Announces Results of Ongoing Diamond Drill Activities at the Galena Mine and Expanded Geological Team

U.S. Silver Corporation (TSX: USA, OTCQX: USSIF, Frankfurt: QE2)
('US Silver? or 'the Company?) is pleased to announce results from the
previously announced exploration diamond drill program carried out to
date in 2012.

Highlights

• 
  Results on the previously recognized Caladay lead zone have confirmed
  the existence of a broad mineable resource that appears to support
  lower cost bulk mining methods.
  
• 
  Efforts to extend the Silver Vein at depth have produced some very
  high grade intercepts including 1,434 Ag opt over 1.6 feet and 112.1
  Ag opt over 2.8 feet (see below) and evidence of additional
  mineralization beyond current mining levels. The Silver Vein has been
  a prolific producer for decades and the down dip extension of this
  mineralization is a key target as deposits elsewhere in the Silver
  Valley have demonstrated very high grade at depth.
  
• 
  Dan Hussey has returned to Company as Chief Geologist bringing decades
  of experience in the Silver Valley and extensive experience at the
  Galena.
  

Drill Program To Date

Caladay Lead Zone: a large part of the 2012 Exploration program
is focused on defining the extent of the Caladay Lead Zone between the
4,000 and 4,900 levels of the Galena Mine. Drill results from the 4,000
level confirms that the Caladay Lead Zone occurs as a broad mineralized
zone up to 160 feet wide averaging 2.75 ounces per tonne (opt) Ag, and
3.52% Pb, with high grade sub-zones 7 to 20 feet wide containing 27.2
to113.2 opt Ag; and 6.8 to 18.36% Pb (See Below). The exploration
drilling also targets the down dip projection of the Caladay Lead Zone
from the 4,900 level to the 5,500 level. Current drilling at the 5,200
level had a 10.4 foot intercept showing 62.36 opt Ag indicating a wide
low grade silver-lead zone extends from the 4,900 level to the 5,200
level.

Silver Vein Down Dip Extension: exploration drilling continues on
the Silver Vein Down Dip Extension between the 4,900 and 5,500 Levels of
the Galena Mine. Highlights of recently received results include the
interception of 1,434 opt Ag and 15.9% Cu over 1.6 feet and 36.3 opt
over 3.2 feet in drill holes 52-352 and 52-354 respectively.

Gordon Pridham, CEO and Executive Chairman of U.S. Silver said, 'Our
expanded exploration program is proving to be very encouraging on
several fronts and we believe that these efforts will continue to expand
our silver assets in the historically prolific Silver Valley in northern
Idaho.? Mr. Pridham, continued, 'The results, so far in 2012, have
confirmed and expanded expected mineralization that will lead to
development plans and also identified new areas of mineralization for
further investigation. We are also pleased to announce the addition of
two new senior geological staff to manage the program. Dan Hussey has
returned to Company as Chief Geologist and brings decades of experience
in the Silver Valley and extensive experience at the Galena. Dave
Cockrum, a professional geologist has joined U.S. Silver as Exploration
Manager and is responsible for identifying and pursuing new exploration
concepts and targets. He brings 27 years of extensive and varied
geological experience and some fresh approaches to our assets.?

4000 Level Drills Results

5200 Level Drill Results

2012 Drilling Program Priorities

The results so far in 2012 have defined the direction of the exploration
program that we will be pursuing both underground and on surface through
the summer drilling months. Specifically the top four priorities are as
follows;

Drilling, Assaying and QA/QC

All assays reported in this press release are uncut and all assay
interval lengths are measured core length, unless stated otherwise. 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.

Qualified Person

U.S. Silver′s exploration programs are conducted under the supervision
of its Manager of Exploration David Cockrum, P. Geo. Mr. Cockrum is a
Qualified Person as defined by NI 43-101 of the Canadian Securities
Administrators, and has prepared or supervised the preparation of the
scientific or technical information in this press release and has
verified the data contained herein.

Mr. Cockrum is a geologist with over 27 years of experience in the
mineral industry. Mr. Cockrum has held senior geological and supervisory
roles with several junior and mid-sized mining companies, in the areas
of exploration and operations. Mr. Cockrum is not independent of U.S.
Silver as he is an employee of the Company.

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
SilverValley holdings in the Coeur d'Alene Mining District.

Neither TSX nor its Regulation Services Provider (as that term is
defined in the policies of the TSX 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