U.S. Silver Corporation

U.S. Silver Corporation

August 20, 2007 17:36 ET

U.S. Silver Announces the Appointment of Jamie Macintosh to the Board of Directors

TORONTO, ONTARIO--(Marketwire - Aug. 20, 2007) - U.S. Silver Corporation (TSX VENTURE:USA) ("U.S. Silver" or the "Company") is pleased to announce the appointment of Jamie Macintosh to the board of directors of U.S. Silver (the "Board"), effective immediately. The Board is also pleased to announce Mr. Macintosh's concurrent appointment as chair of U.S. Silver's audit committee.

Mr. Macintosh has extensive experience in the Mining Industry working as a geologist and a Mining Analyst. Mr. Macintosh has also served as an executive and a director of numerous public and private companies in Canada and the United States over the past fifteen years, including serving as the President and Chief Operating Officer of Innovium Capital Corp., a company that invests in innovative opportunities, for the past eight years.

Bruce Reid, the Chief Executive Officer of U.S. Silver, stated, "The Board is pleased that Jamie has agreed to serve as a director of U.S. Silver and we look forward to working with Jamie given his knowledge and experience in the audit and governance fields of public companies."

U.S. Silver has granted Mr. Macintosh stock options to purchase 300,000 common shares of U.S. Silver at a price of $0.73, expiring five years from the date of issue. U.S. Silver has also granted an employee of the Company 360,000 options at a price of $0.73, vesting over three years expiring five years from the date of issue. Such options are subject to the terms and conditions of U.S. Silver's stock option plan, and the policies of the TSX Venture Exchange.

U.S. Silver has also accepted the resignation of Geoffrey Rotstein from the Board. Bruce Reid stated, "We wish to thank Geoff for all his support and guidance during the initial year of the company's existence and especially while the company completed its qualifying transaction at the end of 2006. We wish Geoff well in his future endeavours."


U.S. Silver owns and operates the producing Galena silver mine in Shoshone County, Idaho, which is the second most prolific silver mine in US history. Total silver production from U.S. Silver's Galena and Coeur mining complex has exceeded 210 million ounces of silver production since 1953. The mine is currently anticipated to produce 3.2 million ounces of silver in 2007. In June 2006, U.S. Silver acquired the Galena mine, Coeur mine, and Caladay property along with a land package of 11,000 acres in the heart of the Coeur d'Alene Mining District. U.S. Silver is focused on the production and exploration of its extensive Silver Valley holdings.

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
    Bruce Reid
    Chief Executive Officer
    (647) 500-4495
    U.S. Silver Corporation
    Vance Loeber
    Investor Relations
    (604) 805-3530