U.S. Silver Corp. Hedges 18% of Projected Ag Production at $27.5/ozt Equivalent

Toronto, Ontario - November 10, 2010 - U.S. Silver Corporation (TSX:USA, OTCQX:USSSIF, Frankfurt:QE2) "U.S. Silver" or "the Company" is pleased to announce that it has concluded a Silver Price Protection Program with Auramet Trading LLC. U.S. Silver has secured a minimum price of silver at US$27.50 per ounce on 500,000 troy ounces. The 500,000 ounce program covers equal quantities of silver for each calendar month during 2011. As security, U.S. Silver has provided an interest earning cash collateral deposit of US$3,000,000 and has been granted a margin credit facility. This margin requirement will decrease as silver volumes are delivered throughout the 2011 year.

The hedge guarantees that the Company will achieve meaningful positive cash flow above the current cost of production at the Galena Mine. The price of $27.50 is among the highest prices recorded for silver over the past 30 years. While this program provides the security of positive cash flow on the 500,000 ounces sold, the Company retains full upside potential on approximately 80% of its estimated silver production for 2011.

Tom Parker, President and CEO of U.S. Silver stated, "With the recent run-up in silver prices and the extreme volatility we have witnessed, U.S. Silver believed it would be prudent to guarantee a portion of our future cash flow. With the capital costs associated with the re-development of the Coeur mine and on-going capital spending and exploration programs at the Galena mine, protecting a portion of our silver volumes at these high price levels is considered to be a wise risk reduction transaction. While U S Silver has historically been an un-hedged silver play, securing a high selling price for approximately 18% of our 2011 production is a prudent thing to do."