U.S. Silver Reports on Trading Symbol Change & Galena Shaft Repairs

U.S. Silver Corporation (TSX-V: USA, US OTC: USSIF)) (“US Silver” or “the Company”) is pleased to announce that its US over-the-counter trading symbol has been changed from “CYLPF” to “USSIF” effective immediately. The change was agreed with the Financial Industry Regulatory Authority (“FINRA”) in order to better align the symbol with the name of the Company and its symbol on the TSX-V. The Company’s common shares continue to be quoted on the “Pink Sheets” market under “USSIF”. The Company is also expecting trading status on the OTCQX market before year-end.

As reported in the Company’s press release of October 8, 2009, the Galena Shaft rehabilitation resumed on July 27, 2009 and continues as planned. Repairs and installation of the concrete lining advanced 52 feet during the third quarter of this year. There is now approximately 60 feet to be excavated and lined with concrete in order to complete rehabilitation.

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 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. 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.