United Silver Corp.

United Silver Corp.

September 20, 2011 17:31 ET

United Silver Corp. Advises of Changes to Its Website

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 20, 2011) -


United Silver Corp. (the "Company") (TSX:USC)(OTCQX:USCZF)(FRANKFURT:UM8) advises that, as a result of a review by the British Columbia Securities Commission ("BCSC"), it has removed from its website investor presentations dated August 22, 2011 (the "August Presentation") and September 2011 (the "September Presentation" and collectively, with the August Presentation, the "Investor Presentations"). After a review of the comments received from the BCSC, management of the Company agreed that certain disclosures included in the Investor Presentations were out-of-date, incomplete or otherwise not in compliance with certain of the requirements of National Instrument 43-101 – Standards of Disclosure for Mineral Projects ("NI 43-101"). Investors are cautioned that they should not rely on the technical information contained in the Investor Presentations.

With respect to the August Presentation, the BCSC expressed concern that the Company may have included the results of an economic analysis on the Crescent Silver deposit which was not supported by an NI 43-101 compliant technical report. The August Presentation has been removed from the Company's website and any future written disclosure will not include any reference to production figures and costs unless based on a completed NI 43-101 compliant technical report. The disclosure of concern in the August Presentation was based on initial preliminary in-house estimates that were no longer current at the time of their disclosure. The Company does not plan to enter commercial production in 2012. The Company currently plans to conduct further exploration both to expand and better define and upgrade the resources at its Crescent Silver Mine project. The work will be done in phases and additional work will be dependent on the success of such initial work. Resources will require updating, and the completion of a Preliminary Economic Assessment ("PEA") is contemplated. Work to date has included exploration, exploration drifting, metallurgical work and preliminary mine planning, all of which will help form the basis of a PEA.

With respect to the September Presentation, the BCSC expressed concern that it: (i) projects the exploration targeting of a future mineral resource of up to 100 million ounces that is contrary to NI 43-101, as it is not supported by a technical report; (ii) does not include the required applicable cautionary language for an exploration target; (iii) does not disclose details of the qualified person who prepared or approved the scientific and technical information in the presentation; and (iv) does not contain sufficiently clear disclosure of the details of historical production. The September Presentation has been removed from the Company's website.

For a summary of the Crescent Silver Mine project, we refer you to the technical report entitled "Updated NI 43-101 Technical Report on Resources, United Mine Services, Inc., Crescent Mine, Kellogg, ID" dated May 21, 2010 prepared by SRK Consulting Engineers and Scientists, which is available under the Company's profile on SEDAR at www.sedar.com.


The Company 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 is committed to building a senior silver-producing mining company based on exploration and development of the highly-prospective current land position at the Crescent Silver Mine project and through the acquisition of additional precious metals interests. The Company trades on the Toronto Stock Exchange under the symbol "USC". For more information about the Company, please visit: www.unitedsilvercorp.com.


Graham M. Clark Jr., Chief Executive Officer

FORWARD LOOKING INFORMTATION: This press release contains forward-looking information, which address future events and conditions, which are subject to various risks and uncertainties. Forward looking information in this press release include that we plan to conduct further exploration at the Crescent Silver Mine project, which will be done in phases; build a senior silver-producing mining company based on exploration and development of the highly-prospective current land position at the Crescent Silver Mine project and through the acquisition of additional precious metals interests. The Company's actual results and financial position could differ materially from those anticipated in such forward-looking information as a result of numerous factors, some of which may be beyond the Company's control. These factors include: results of exploration activities and development of mineral properties, estimation of mineral reserves and resources, fluctuations in the marketplace for the sale of minerals, the inability to implement corporate strategies, the inability to obtain sufficient financing, labor shortages, the inability to keep key employees, currency fluctuations, general market and industry conditions and other risks disclosed in the Company's filings with Canadian Securities Regulators.

Forward-looking information is based on the expectations and opinions of the Company's management on the date the information is made. The assumptions used in the preparation of such information, 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 information. The Company expressly disclaims any intention or obligation to update or revise any forward-looking information whether as a result of new information, future events or otherwise.

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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