U.S. Silver On-Going Exploration Drilling Identifies New High-Grade Zones

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

U.S. Silver′s on-going underground exploration program continues to
identify significant new mineralized structures by following up on
historic diamond drilling and investigating the many under-explored
areas of the mine. During the third quarter, 13,524 feet (4,122 m) in 33
drill holes were completed. Three new veins and one down-dip extension
have recently been defined by drilling and/or drifting.

Tom Parker, President and CEO of U.S. Silver stated, 'We continue to
enjoy success with our underground drilling program at Galena. Our
ongoing ability to cost effectively add reserves well in excess of our
production over the past 4 years appears to be on track for 2010. Total
feet drilled is expected to be over 3 times the 2009 level. There
remains substantial silver to be found on our properties and we are
pursuing that goal at an increasingly aggressive rate.?

DRILLING HIGHLIGHTS

Galena Mine, 306 Vein, 4900-5200 Levels

Favorable drill results identified the deeper extension of the 306 Vein
from the 4900 Level to the 5200 Level. Galena crews initiated the
5200-288 cross cut south to intercept the vein. The crew has completed
475 feet (153 m) of track drifting and has crosscut the 306 vein. True
width rib assays on the 306 Vein are as follows:

Initial drifting along strike of the exposed vein is in progress. To
date, the vein has been exposed for 68 feet (21 m) with an average grade
of 21.55 opt Ag (739 gpt) and 0.83 % Cu, over an average true with of
4.1 feet (1.25 m).

Galena Mine, Polaris Fault Zone, 4000 Level

A new silver-copper (Ag - Cu) vein structure, having approximately 350
feet (107 meters) of strike length is being defined on the 4000 Level.
The vein has been identified in six of seven recently completed diamond
drill holes. The vein is situated west of the No. 3 Shaft Station in the
immediate footwall of the Polaris Fault, and is potentially related to
an existing resource of 10,200 tons grading 25.34 ounces per ton (opt)
Ag (869 grams per tonne), and 0.94% Cu, over an average width of 5.3
feet (1.62 m). Results of the six holes are as follows (vein widths are
corrected for true thickness):

Track drifting to the new vein will be initiated in late October of this
year

Galena Mine, New Vein, 4300 Level

A new silver-copper vein structure currently having approximately 50
feet (15 m) of strike length has been identified on the 4300 Level,
within 50 feet of existing drift workings. The vein has been identified
in two of six completed diamond drill holes. The four holes with
negative results close the vein off to the east but it remains open to
the west. Results of the drilling are as follows (vein widths are
corrected for true thickness):

Follow-up drilling to extend the strike length of the vein is planned
for December.

Galena Mine, 55 Vein, 5200 Level

A new silver-copper vein structure is being identified on 5200 Level.
The 55 Vein has been identified in three of five completed diamond drill
holes. The vein is situated east of the Galena Shaft station. Results
from the three holes are as follows (vein widths are corrected for true
thickness):

Design of a track drift to the new vein is currently being completed.

U.S. Silver continues to operate two contract diamond drills and one
in-house drill at the Galena mine. Plans are to continue this level of
drilling for the foreseeable future.

QUALIFIED PERSON

Information of a technical nature in this press release respecting the
properties has been prepared and reviewed by Mr. Daniel H. Hussey,
Manager of Exploration for U. S. Silver, who supervised the drilling and
sampling programs. Mr. Hussey 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 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 totalling
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

Tom Parker, 208-752-0400

President and
CEO

or

Chris Hopkins, 416-907-9539

CFO