U.S. Silver Corporation

U.S. Silver Corporation

November 12, 2008 08:20 ET

U.S. Silver Corporation Appoints Three New Directors

TORONTO, ONTARIO--(Marketwire - Nov. 12, 2008) - U.S. Silver Corporation ("U.S. Silver") (TSX VENTURE:USA) announces the appointment of three new Directors: John S. Brock, Gordon Pridham and Wade Black. "These new Directors bring extensive capital markets and mineral exploration experience to our Board," says Bobby Cooper, Chairman. "Working together with the existing board, they will add considerable value to U.S. Silver as it continues to develop and grow."

John S. Brock holds a B.Sc. in geology and geophysics and has over 40 years experience as an executive with 20 public, junior exploration companies. Through companies under his management, he has participated in 12 major mineral deposit discoveries in north and western Canada, Nevada, Mexico, Ecuador, Sumatra, and Mongolia. Mr. Brock has also played a significant role in the equity financing of the public companies under his management. He served 6 years as a governor/Board Member of the Vancouver Stock Exchange and the CDNX Exchange and 2 years on the TSX Venture Exchange Advisory Board. In recognition of his contributions to Canadian mineral exploration and finance he is a recipient of a number of awards. Mr. Brock is currently CEO of Pacific Ridge Exploration, a Senior Consultant to the Manex Resources Group.

Gordon Pridham is an experienced corporate executive with more than 25 years of experience in investment banking, capital markets and corporate banking. Mr. Pridham is President and CEO of Edgewater Capital Inc and Chairman of Titanium Corporation. Mr. Pridham has financed and advised companies in public and private markets across a broad range of industry sectors. He has an extensive background in the energy and natural resources sectors, having worked in the Energy and Minerals group of Chemical Bank and National Bank in New York, Calgary, and Toronto. Mr. Pridham also worked in the Investment Banking groups of Merrill Lynch Canada and Midland Walwyn and managed the Investment Banking groups at Deutsche Morgan Grenfell, Research Capital, and Raymond James. Mr. Pridham also serves as a Director of Western Prospector where he is Chairman of the Special Committee and as a Director of Newalta Income Fund, Canada's leading industrial waste management company. He is a graduate of the University of Toronto and the Institute of Corporate Directors Program.

Wade Black is a financial executive with 14 years of diverse financial and capital markets experience. Mr. Black is the Chief Operating Officer and Chief Compliance Officer of Scarsdale Equities LLC, a New York-based institutional broker and investment bank specializing in natural resource equities funding and trading. He is also the President of Blackberry Fund Management, Inc., a private equity firm that invests in Mining projects. Mr. Black's career has spanned from Brimberg & Co., L.P., as Manager of Operations, to Leeb Brokerage Services, Inc., as Chief Financial Officer. Mr. Black graduated cum laude from Columbia University and earned a MBA from the Columbia Business School.


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 and has approximately $8 million in working capital.

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