U.S. Silver, through its wholly owned subsidiaries, owns and/or 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 217 million ounces of silver production since 1953. U.S. Silver controls a land package now totalling approximately 14,000 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.

1. U.S. Silver Corporation
March 2011
TSXV : USA
US OTC Markets : USSIF

2. Forward Looking Statements
Certain statements contained in or incorporated by reference into this
presentation constitute forward-looking statements. The words "may",
"would", "could", "will", "intend", "plan", "anticipate", "believe", "estimate",
"expect" and similar expressions as they relate to U.S. Silver or its
management, are intended to identify forward-looking statements,
however, other information may also constitute forward-looking
statements. Such statements reflect the current views of U.S. Silver with
respect to future events and are subject to certain risks, uncertainties
and assumptions. Many factors could cause the actual results,
performance or achievements of U.S. Silver that may be expressed or
implied by such forward-looking statements to vary from those described
herein should one or more of these risks or uncertainties materialize.
U.S. Silver does not intend, and does not assume any obligation, to
update these forward-looking statements.

3. Strong Silver Market Trends
In 1980, when Nelson Bunker Hunt was asked as to why he had
developed a passion for silver, he said; "Silver looked safer than
overseas oil concessions, the way things were going. And precious
metals were a good hedge against paper money".
Silver Demand – Industrial and Investment

4. Strong Silver Market Trends
Silver up 101% since January 1, 2010

5. Company Overview
Established
producer in prolific
Silver Valley in
Northern Idaho
Low cost
incremental
Million oz Ag growth potential
(excess capacity)
Annual production
85% of revenue from silver Revenue of $85
million at current
prices

6. Located in Historic Silver Valley
Over 1 billion British Columbia Alberta
ounces produced
Modern and ample Spokane
infrastructure Washington Missoula
in place
Montana
Safe and friendly
jurisdiction Oregon
Boise
Idaho

7. Company Overview
• 100% interest in the producing Galena silver-copper-lead mine
– High grade narrow vein mining operation
• 100% interest in the Coeur Silver mine
– Redevelopment plans underway
• 2 mills (Galena and Coeur)
– Both in use, excess capacity available
• Dominant land position in the Silver Valley
– Large under explored property
• No historic environmental liability with EPA
– Settled in 2001
• Hedged 20% of production in 2011 to protect CapEx program
• 80% unhedged, 100% unhedged in 2012 and after

8. Proved & Probable Reserves
Provides a 7 year
mine life
Million oz Ag Exploration consistently
replaces annual
99.8 Million lbs. lead production
9.8 Million Lbs. copper

9. 2010 Results
Cash costs
of $13.50
Million oz. Ag
5.6 million lbs. lead
1.0 million lbs. copper

10. Galena Mine

11. Galena Mine – an impressive history
nd High grade, narrow
vein, copper-silver &
lead-silver mine
largest Short term variability in
Primary silver producer operating results, long
in the U.S. term proven producer
No historic environmental
liability

12. Galena – Past & Present
Focusing on higher
grade zones to increase
head grade
Examining production
million expansion options with
high prices
Ounces produced
Continued exploration
success and mine life
extension

13. Mining Operations
Callaway Shaft
LEGEND
Ag - Pb Veins
Callahan Shaft
Ag - Cu Veins
No. 3 Shaft
Galena Shaft
Coeur Shaft
1200
2400
2800
3000 Sea
Level
400 3400
356 483 Silver
117-215 3700
Coeur Vein 4000
3700
4300
4600
4900
175 5200
72
5500

14. Galena Performance

15. Milling Operations
Excess Capacity
Galena Mill 900 tons/day and Coeur
Mill 500 tons/ day = total capacity of
1,400 tons/day
Ores
2 ore types (silver-copper and silver-lead)
have separate crushing, milling and
flotation circuits
Recoveries
Consistent mill recovery rates of
96% for silver-copper and 92% for
silver-lead ores
Smelters
Silver-copper concentrates railed to
Quebec and silver-lead cons trucked
to Trail, BC

16. Reserves Detail
• Current 43-101 based mine life of approximately 7 years
• U.S. Silver continues to cost effectively add reserves well in
excess of its production, continually extending mine life
• Reserves have doubled since property acquired in 2005

17. Coeur Redevelopment

18. Restarting The Coeur Mine
• No permitting or
acquisition costs
• Existing excess mill
capacity
• Examining alternative
million mining methods & scale
• Additional drilling
resource ounces underway to better
targeted define deposit
• Significant exploration
upside

19. Exploration Potential

20. Exploration Potential
• Dominant land position
• Under explored and
accessible camp
• Region of increasing
interest
Thousand • Strong cash flow funding
all plans internally
acres of land
• Identified 8 immediate
targets that are ready for
drilling

21. Surface and Underground Drill Targets

22. Surface and Underground Drill Targets
CA
“GAP”
Western Argentine
Coeur Mine Vein
Deep
Calady Mine
Coeur Mine
Deep Lead-Silver
Silver
Vein

23. Additonal Medium Term Targets
Have developed several medium term targets with
expected launch of program in 2012
Drill ready targets identified by
Surface and underground showings
Geochem profile matching that of Galena/Coeur
Regional structure is the same host for several other
mines in valley
Strong correlation between tetrahedrite showings and
deeper silver vein systems

24. The Right People in Place

25. Experienced and Stable Workforce
33 with over
20 years of
experience
employees

26. The Right Management Team
Bobby E. Cooper • 42 years experience in the mining industry
Chairman • Served as Chairman of High Plains Uranium and former President and CEO of Kennecott Corporation
• Formerly held executive positions with Thunder Basin Coal, RTZ (Rio Tinto), Shell Mining, Inspiration Consolidated (Huda),
and Ridgeway Mining (Kennecott)
Tom H. Parker • Mining engineer with over 40 years experience in the mining industry
President , CEO & • Former President and CEO of Gold Crest Mines and High Plains Uranium
Director • Worked for 10 years as an Executive VP of Anderson and Schwab, a New York based management consulting firm
• Former CEO of Contain Minerals which owned 22 coal mines, the Brewer gold mine, and Montana Talc
• Worked for 10 years for ARCO where he was President of Beaver Creek Coal Mines, General Manager of Nevada Molly,
President of Thunder Basin Coal and VP for Engineering, Exploration and Business Development
• Former General Manager of Jacobs Ranch mine for Kerr McGee Coal and served as Project Manager for Conoco
• Worked in potash, limestone and talc industries and has extensive experience in Niger, France and Venezuela
Chris J. Hopkins • Chartered Accountant with over 25 years experience in financial management, strategic planning, mergers and acquisitions,
CFO corporate finance and financing and management reporting
• Formerly with Rio Algoma, Suncor, and several junior mining and oil & gas companies
Mine Management • Many long service management end employees provide knowledge and continuity
• New management bring new thinking and approaches

27. The Right Board
Gordon E. • Over 25 years experience in investment banking, capital markets, and corporate banking
Pridham • President and CEO of Edgewater Capital and Chairman of Titanium Corporation
Director • Serves as a Director for Newalta Income Fund
• Formerly with Chemical Bank and National Bank, in the energy and minerals sector in New York, Calgary, and Toronto
• Formerly with Merrill Lynch Canada and Midland Walwyn and managed the Investment Banking groups at Deutsche
Morgan Grenfell, Research Capital, and Raymond James
John S. Brock • Geologist with over 40 years experience as an executive for 20 public, junior exploration companies
Director • Participated in 12 major mineral deposit discoveries in north and western Canada, Nevada, Mexico, and Ecuador
• Served six years as governor of the Vancouver Stock Exchange (TSX Venture Exchange) and CDNX Exchange and 2
years on the TSX Venture Exchange Advisory Board
• Currently CEO of Pacific Ridge Exploration and Senior Consultant to the Manex Resources Group
James M. • Geologist and mining analyst with over 15 years experience
Macintosh • Served as an executive and a director of numerous public and private companies in Canada and the United States
Director • President and COO of Innovium Capital, a company that invests in innovative opportunities
Kevin D. Stulp • Served on the board of Aurora Oil & Gas since 1997
Director • Worked as a consultant with Forte group,
• Held various positions with Compaq Computer Corporation, including industrial engineer, new products planner,
manufacturing manager, director of manufacturing and director of worldwide manufacturing reengineering

28. Summary
• Highly leveraged silver producer,
85% revenue from silver
• Stable and consistent production
• Infrastructure in place with excess capacity
• Dominant land position with significant
exploration upside with in a highly prospective region
• No debt, sufficient financial capacity to execute
growth plan
• No historic environmental liability

29. Market Data
TSX-V: USA
OTCQX: USSIF
Frankfurt: QE2
52 week hi-low: $0.83 -
$0.15
288.9 million
shares outstanding
335.3 fully diluted
Million TSX.V and OTCQX
average daily volume 1
Current Market Cap Million
Undervalued vs. peers on
key metrics

30. Questions
Contact
Tom Parker
Chief Executive Officer
208-752-0400
Christopher Hopkins
Chief Financial Officer
416-907-9539
Patrick Piette
TMX Equicom
416-815-0700 x267