U.S. Silver Corporation
TSX VENTURE : USA

U.S. Silver Corporation

June 11, 2007 12:41 ET

U.S. Silver Corporation Announces Stock Option Grant

TORONTO, ONTARIO--(Marketwire - June 11, 2007) - U.S. Silver Corporation ("U.S. Silver" or the "Corporation") (TSX VENTURE:USA) is pleased to announce that it has granted incentive stock options to purchase a total of 300,000 common shares of the Corporation's stock option plan (the "Plan"), to Robert Munro, a director of the Corporation. The options are priced at $1.05 per share and expire 5 years from the date of issue, and are subject to the terms and conditions of the Plan, and the policies of the TSX Venture Exchange (the "Exchange").

Mr. Munro has served as a director of the Corporation since its inception, its listing on the Exchange as a capital pool company, and its qualifying transaction with United States Silver, Inc. (formerly U.S. Silver Corporation).

ABOUT U.S. SILVER CORPORATION

U.S. Silver Corporation, through its wholly-owned subsidiaries, owns and operates the producing Galena Silver Mine in Shoshone County, Idaho which is the second most prolific silver mine in U.S. history with over 200 million ounces of silver produced since 1953. The Galena Silver Mine is currently anticipated to produce 3.2 million ounces of silver in 2007 with associated by-product lead and copper production. U.S. Silver acquired the Galena Mine as well as the Coeur Mine and the Caladay Property and over 11,000 acres of ground in the heart of the Coeur D'Alene Silver Mining District in June 2006. The Corporation, through its wholly-owned subsidiaries, 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 Corporation 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 Corporation. Additional information identifying risks and uncertainties is contained in filings by the Corporation with the Canadian securities regulators, which filings are available at www.sedar.com.

The common shares of U.S. Silver to be issued as described in this press release have not been registered under the U.S. 1933 Act and may not be offered or sold in the United States (or to a U.S. person) absent registration under the U.S. 1933 Act or an applicable exemption from the registration requirements of the U.S. 1933 Act.

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
    or
    U.S. Silver Corporation
    Vance Loeber
    Investor Relations
    (604) 805-3530