“OTCQX provides U.S. Silver Corp. with the highest level of visibility and access to U.S. investors possible in the OTC”

“OTCQX provides U.S. Silver Corp. with the highest level of visibility and access to U.S. investors possible in the OTC,” said R. Cromwell Coulson, President and CEO of Pink OTC Markets. “We are pleased to welcome U.S. Silver to OTCQX.”

U.S. Silver Corp. began trading today on the OTC market’s prestigious tier, OTCQX International. Investors can find current financial disclosure and real-time Level 2 quotes for the company on www.otcqx.com and www.otcmarkets.com.

Hodgson Russ LLP will serve as U.S. Silver’s Principal American Liaison (“PAL”) on OTCQX, responsible for providing guidance on listing requirements.

Galena shaft Repairs

The Company is also pleased to report that its Galena shaft rehabilitation is complete. The entire 830 feet of shaft requiring rehabilitation have now been cleared, lined with concrete, and new electrical, air and water lines installed. The last temporary shaft bulkhead will be removed and the final connecting steel sets and shaft guides will be installed during the week of March 8, 2010. These actions will provide complete top to bottom access to the Galena shaft for men and materials by no later than March 15, 2010. Tom Parker, Company C.E.O., stated “ The Galena shaft has been out of service between the 2400 and the 3200 foot levels for the past 12 years. Completing this rehabilitation will provide much better ventilation for the mine and more efficient placement of men and materials on various levels.”

The Galena shaft had not been used to hoist ore and waste rock since 1990. The Company has budgeted funds to rehabilitate loading pockets on four levels of the mine. With the shaft repairs completed, cleaning and rehabilitation of the pockets will now begin with completion expected late in the third quarter of 2010. An operating Galena shaft reduces the Company’s operational dependence on the # 3 shaft.

IR Clarification

The Company also wishes to clarify its press release of January 6, 2010 which announced the signing of a Consulting Agreement dated January 1, 2010 with Metals & Mining Consult Ltd (“MMC”) which stated that MMC will provide investor relations services to the Corporation.

Specifically

1. MMC’s services will solely focus on the translation into German and distribution of information about the Company, primarily in Europe. MMC has only been contracted to translate any information, such as press releases and presentations, which have already been publicly disseminated by U.S. Silver Corporation in Canada.

2. Any further services such as designing and distribution of advertising material, investor introductions etc (any services deemed to be of a promotional, investor relations and market-making activities pursuant to Policy 3.4) to be performed by MMC will be subject to prior TSX Venture Exchange acceptance as indicated in their Policy 3.4. Therefore, MMC is currently providing translation rather than Investor Relations services for the Company. All other aspects of the January 6, 2010 press release remain valid.

About OTCQX

The OTCQX marketplace is the premier tier of the U.S. Over-the-Counter market. Investor-focused companies use the quality controlled OTCQX listing platform to offer investors transparent trading, superior information, and easy access through their regulated U.S. broker-dealers. The innovative OTCQX platform offers companies and their shareholders a level of marketplace services formerly available only on a U.S. exchange. For more about OTCQX, visit www.otcqx.com.

ABOUT U.S. SILVER CORPORATION

U.S. Silver, through its wholly owned subsidiaries, owns and operates the Galena, 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 218 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 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.