Mots clés associés : Cœur D'alene | Copper | Silver Valley |

Re: News Release - Friday, July 17, 2009
Title: U.S. Silver Annouces First Half Production, Costs & Repairs

July 17, 2009 - Toronto, Ontario - U.S. Silver Corporation (USA-TSXV "USA" and Pink Sheets-"CYLPF") ("U.S. Silver" or the "Company") is pleased to announce that the Galena Mine produced 1,218,244 ounces of silver in the first half of 2009 ("1H 2009") at a cash cost of $10.95 per ounce produced. The Company produced 72% more silver ounces in 1H 2009 than in the first half of 2008 ("1H 2008") (1,218,244 vs. 708,175). When comparing 6-month periods, the cash cost per ounce produced decreased 23% from $14.29 in 2008 to $10.95 in 2009.

Lead and copper production also improved from 1H 2008 to 1H 2009. The Galena mine produced 55% more pounds of lead (2,891,285 vs. 1,859,679) and 41% more pounds of copper (551,571 vs. 390,447).

The Galena Mine produced 583,453 ounces of silver in the second three months of 2009 ("2Q 2009") (cash cost of $11.34 per ounce produced) compared to 634,791 ounces of silver in the first three months of 2009 ("1Q 2009") (cash cost of $10.59). The decline in ounces was primarily due to lower head grades in 2Q 2009 than in 1Q 2009.

Thomas Parker, President and Chief Executive Officer of U.S. Silver, stated, "We initiated an aggressive turn-around plan for the mine in late 2008. The positive results of our plan, first seen in Q1 2009, have now continued into Q2 2009, in terms of increased production at lower unit costs. We thank our dedicated workforce for their efforts and we expect these positive outcomes to continue. Additional details will become available when we release our second quarter 2009 financial results in August."

The Company is also pleased to announce that, as a result of the of the successful completion of the equity offering as described in yesterday's press release, the repair of the Galena shaft will resume starting July 27, 2009. The Galena shaft caved in from the 2400 foot level to the 3200 level late in 1998. The Company began repairing the shaft in May 2007 and completed repairs to the 3060 foot level by January 15, 2009. At that time repairs were halted to conserve cash. It is estimated that the repair of the remaining 140 feet of the shaft will take approximately six months.

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.

FOR FURTHER INFORMATION PLEASE CONTACT:

Tom Parker
President and CEO
(208) 752-0400

Americas Silver

	PRODUCTEUR
	CODE : USA.TO
	ISIN : CA03063L1013

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Americas Silver est une société de production minière d'argent basée au Canada.

Americas Silver est productrice d'argent, de cuivre, d'or et de plomb en USA.

Ses principaux projets en production sont COEUR MINE et GALENA MINE en USA et ses principaux projets en exploration sont DAYROCK MINE et CALADAY en USA.

Americas Silver est cotée au Canada et en Allemagne. Sa capitalisation boursière aujourd'hui est 14,3 millions CA$ (10,4 millions US$, 9,7 millions €).

La valeur de son action a atteint son plus bas niveau récent le 05 février 2016 à 0,06 CA$, et son plus haut niveau récent le 08 septembre 2017 à 6,07 CA$.

Americas Silver possède 39 770 000 actions en circulation.

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