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Re: News Release - Monday, May 26, 2008
Retraction of Option Repricing Proposal
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TORONTO, ONTARIO - May 26, 2008 - U.S. Silver Corporation (TSXV:USA) -
U.S. Silver Corporation announces that, further to the press release
issued earlier today, the Corporation will no longer seek shareholder
approval for, and will not proceed with, the repricing of certain
previously issued and outstanding stock options granted to an insider
of the Corporation.
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 producer in U.S. 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 its production from
existing operations as well as exploring and developing its extensive
Silver Valley holdings.
The TSX Venture Exchange does not accept 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.
FOR FURTHER INFORMATION PLEASE CONTACT:
Bruce Reid
Chief Executive Officer
(416) 848 - 0858
or visit
www.us-silver.com
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Copyright (c) 2008 US SILVER CORPORATION (USA) All rights reserved.
For more information visit our website at http://www.us-silver.com/ or
send mailto:hfairhurst@us-silver.com
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