U.S. Silver Corporation
TSX VENTURE : USA

U.S. Silver Corporation

February 19, 2009 16:33 ET

U.S. Silver Announces Executive Appointment

TORONTO, ONTARIO--(Marketwire - Feb. 19, 2009) - U.S. Silver Corporation (TSX VENTURE:USA) ("U.S. Silver" or the "Company") is pleased to announce that Thomas Parker, interim Chief Executive Officer since November 3, 2008, has been appointed the Company's President & Chief Executive Officer ("CEO") effective immediately. Mr. Parker has also been appointed a Director of the Company.

Mr. Bobby Cooper, Chairman of the Company commented, "Tom's proven background and experience have been quite evident since joining U.S. Silver last fall. Despite difficult market conditions, Tom's strong operating background continues to guide the Company towards its objective of returning the Galena mine to full profitability."

Mr. Parker is a Mining Engineer with over 40 years of direct involvement in the mining industry. He has extensive experience with both public and private companies. Most recently, Mr. Parker served as President and CEO of Gold Crest Mines Inc. He was CEO of High Plains Uranium Inc. from 2006 until that company was acquired in early 2007. Prior to that, Mr. Parker was Vice President of Anderson and Schwab, a New York based management consultancy specializing in the mining sector. He also worked at Costain Coal Inc. where he was President and CEO in the early 1990s.

The Company has granted Mr. Parker stock options to purchase 1,500,000 common shares of the Company at a price of $.15 per share, expiring five years from the date of issue. Such options are subject to the terms and conditions of the Corporation's stock option plan, certain vesting provisions, and the policies of the TSX Venture Exchange.

ABOUT U.S. SILVER CORPORATION

U.S. Silver, through its wholly owned subsidiaries, owns and operates the Galena, Coeur, and Caladay silver-lead-copper mines in Shoshone County, Idaho, with the Galena mine being the second most prolific silver producer in U.S. history. Total silver production from U.S. Silver's mining complex has exceeded 210 million ounces of silver production since 1953. U.S. Silver controls a land package now totaling approximately 18,000 acres in the heart of the Coeur d'Alene Mining District.

The Company is currently debt free.

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.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • U.S. Silver Corporation
    Tom Parker
    Chief Executive Officer
    (208) 752-0400
    Website: www.us-silver.com