U.S. Silver Corporation (USA-TSXV) (“U.S. Silver” or the “Company”)
announces that non-Executive Directors of the Company have today been
granted a total of 2,400,000 share purchase options. Each non-Executive
Director will receive, pursuant to the share option Plan, options to
purchase up to 400,000 common shares of U.S. Silver. The options are
priced at $0.13 per share and expire five years from the date of issue.
Such options are subject to the terms and conditions of the Plan,
certain vesting provisions, and the policies of the Exchange.
ABOUT U.S. SILVER CORPORATION
U.S. Silver, through its wholly-owned subsidiaries, owns and operates
the Galena, and owns the Coeur, Caladay and Dayrock, silver-lead-copper
mines in Shoshone County, Idaho, with the Galena mine being the second
most prolific silver mine in US history. Total silver production from
U.S. Silver's mining complex has exceeded 216 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. U.S. Silver is focused on expanding the production from
existing operations as well as exploring and developing its extensive
Silver Valley holdings in the Coeur D'Alene Mining District.
Neither TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
Certain information in this press release may contain
forward-looking statements. This information is based on current
expectations that are subject to significant risks, assumptions and
uncertainties that are difficult to predict, including the risk that the
net proceeds may not be sufficient for the purposes stated in the
prospectus and the risk that regulatory approvals may not be obtained
within the timeframe contemplated. 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.
U.S. Silver Corporation
Tom Parker, President and CEO,
(208) 752-0400
