Notice of U.S. Silver′s 2012 First Quarter Financial Results Conference Call

U.S. Silver Corporation (TSX: USA, US OTCQX: USSIF, Frankfurt: QE2)
('US Silver? or 'the Company?) will release its 2012 first quarter
financial results following the close of markets on Thursday May 10,
2012.

Senior management will host a conference call on Thursday May 10, 2012
at 4:30 pm ET to review the financial results. All interested parties
are invited to participate by dialing 647-427-7450 or 1-888-231-8191.
Please call 15 minutes prior to the call to secure a line. You will be
put on hold until the conference call begins.

A question and answer session will follow the conference call, at which
time the operator will provide instructions for submitting questions. A
taped replay of the conference call will also be available until May 17,
2012 by calling 416-849-0833 or 1-855-859-2056, reference number 79715967

U.S. Silver′s full financial statements and Management's Discussion &
Analysis for the three-month period ended March 31, 2011 will be filed
with SEDAR following the release and will also be available via U.S.
Silver′s website at www.us-silver.com.

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 220 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 District.

U.S. Silver Corporation

Heather Foster, 208-556-1535 ext. 2

IR
Manager