United Silver Corp.
TSX : USC
OTCQX : USCZF
FRANKFURT : UM8

United Silver Corp.

November 04, 2013 09:00 ET

United Silver Announces Results of Annual Shareholders' Meeting, Resignation of Director and Adoption of Majority Voting Policy

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov. 4, 2013) - United Silver Corp. ("United Silver Corp", the "Company" or "USC") (TSX:USC)(OTCQX:USCZF)(FRANKFURT:UM8) announces that at the annual general meeting of shareholders held on November 1st, 2013, the shareholders approved the following matters:

1) The appointment of PricewaterhouseCoopers LLP as auditors of the Company for the ensuing year and authorizing the directors to fix the auditor's remuneration.

2) To set the number of directors at four.

3) The election of management's four nominees as set out in the Management Information Circular; as follows:

Greg Stewart
Lawrence Dick
James Meek
Erik Panke

Subsequent to the annual meeting, Dr. Lawrence Dick stepped down as a director of the Company. The Company wishes to thank Dr. Dick for his invaluable contributions to the Board and the Company during his tenure and wishes him all the best in his future endeavours.

The Company also announces that a Majority Voting Policy (the "Policy") has been approved by the Board of Directors in respect of the election of directors at annual meetings of shareholders. The Policy provides, among other things, that if the number of votes withheld from any director is greater than the number of votes for such director, such director will be required to promptly submit an offer to resign to the Board. In making a decision to accept or reject a resignation offer, the Board of Directors will be expected to accept it unless the Board determines there are extraordinary circumstances that justify delaying acceptance or rejecting it. The Policy does not apply in circumstances involving contested director elections.

ABOUT UNITED SILVER CORP.

USC is a vertically integrated Canadian mining company with operations in Idaho, USA. It has an 80% interest in the Crescent Silver Mine project in the Silver Valley's prolific Silver Belt - directly between two of the district's historically largest silver producing properties, the Sunshine and Bunker Hill mines. USC also offers a full suite of mining services including contract mining and providing a complete fabrication shop and service for building and repairing mining equipment to silver miners in the district. USC's common shares trade on the Toronto Stock Exchange under the symbol "USC". For more information about USC, please visit: www.unitedsilvercorp.com.

ON BEHALF OF UNITED SILVER CORP.

Gregory Stewart, Chairman and Interim CEO

FORWARD-LOOKING STATEMENTS: This news release contains forward-looking information which is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ from those projected in the forward-looking statements. Forward looking statements in this press release include that the Crescent Mine will become an efficient and productive mining operation, and that we expect the Crescent to continue to increase and develop resources to extend its active mining life well beyond the PEA's six year mine life.

These forward-looking statements are based on the opinions and estimates of management and its consultants at the date the information is disseminated. They are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. Risks that could change or prevent these statements from coming to fruition include changing costs for mining and processing and their impact on the cut off value established; increased capital costs; changing forecasts of mine production rates; the timing and content of upcoming work programs; geological interpretations based on drilling that may change with more detailed information; potential process methods and mineral recoveries assumption based on limited test work; the availability of labour, equipment and markets for the products produced; market pricing for the products produced; our possible inability to service our debts and pay liabilities as they become due; and despite the current expected viability of the project, conditions changing such that the minerals on our property cannot be economically mined, or that the required permits to build and operate the envisaged mine can be obtained. The forward-looking information contained herein is given as of the date hereof and the Company assumes no responsibility to update or revise such information to reflect new events or circumstances, except as required by law.

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

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