Americas Gold and Silver Corporation T.USA

US Silver Graduates to TSX on Monday Oct 3rd

[Goldmetal]

U.S. Silver Corporation To Trade On Toronto Stock Exchange

September 13, 2011

U.S. Silver Corporation - (the “Corporation”) – An application has been granted for the original listing in the mining category of 350,885,516 common shares of which 308,872,717 shares are issued and outstanding and 42,012,799 shares are reserved for issuance.

An application has also been granted for the listing of 11,125,527 warrants, all of which are issued and outstanding.

The common shares and warrants will be listed and posted for trading at the opening on Monday, October 3, 2011.

Common Shares

Stock Symbol: USA CUSIP: 90343P 10 1 Trading Currency: CDN

Warrants

Stock Symbol: USA.WT CUSIP: 90343P 11 9 Trading Currency: CDN

Temporary
Market Maker: Desjardins Securities Inc.

Other Markets: The common shares have been listed on TSX Venture Exchange since March 5, 2007 under the symbol USA, and the warrants since July 20, 2009 under the symbol USA.WT. The common shares and warrants will be delisted from TSX Venture Exchange upon commencement of trading on TSX. The Corporation's common shares also trade over-the-counter in the United States on the OTCQX Markets under the trading symbol “USSIF” and in Germany on the Frankfurt Stock Exchange under the trading symbol “QE2”.

Head Office
Address: 401 Bay Street, Suite 2702
P.O. Box 136
Toronto, Ontario
M5H 2Y4

Email Address: [e-mail]

Website: www.us-silver.com

Head Office
Telephone Number: [phone]

Head Office
Fax Number: [phone]

Investors Relations: Heather Bailey-Foster
[phone] x221

and

Patrick Piette
The Equicom Group Inc.
[phone] x267
[e-mail]

Chief Financial Officer
and Corporate Secretary: Christopher J. Hopkins

Incorporation: The Corporation (formerly Chrysalis Capital III Corporation) was incorporated pursuant to articles of incorporation dated March 23, 2006 under the Business Corporations Act (Ontario). On February 28, 2007, the Corporation filed Articles of Amendment to change its name from Chrysalis Capital III Corporation to U.S. Silver Corporation. On June 25, 2007, the Corporation filed Articles of Continuance and continued under the Canada Business Corporations Act .

Fiscal Year End: December 31

Nature of Business: The Corporation is principally engaged in the production, exploration and development of silver resources in the state of Idaho.
Transfer Agent &
Registrar: Valiant Trust Company, Toronto.

Dividends: The Corporation has not, since its incorporation, paid any dividends on any of its common shares and it is not contemplated that any dividends will be declared on the common shares in the immediate or foreseeable future.

Warrants: Each warrant is exercisable into one common share of the Corporation at
.155 until 5:00 p.m. (Toronto time) on July 16, 2014. The warrants are governed by a warrant indenture dated July 16, 2009 and a supplemental warrant indenture dated July 1, 2010 between the Corporation and Valiant Trust Company, as successor warrant agent. The warrant indenture contains appropriate adjustments to the holders of warrants in the case of stock consolidations, stock splits, and other forms of capital reorganization.

Page Last Updated: September 30, 2011