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| | June 29, 2010
U.S. Silver Appoints Christopher J. Hopkins Chief Financial Officer
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June 29, 2010 - Toronto, Ontario - US Silver Corporation (TSX-V: USA, OTCQX: USSIF, Frankfurt: QE2) ("US Silver" or "the Company") is pleased to announce the appointment of Christopher J. Hopkins as the Company's new Chief Financial Officer (CFO). Mr. Hopkins most recently served Excellon Resources Inc. as Chief Financial Officer. He comes to U.S. Silver with a Master of Business Administration Degree from York University, a Bachelor of Commerce from the University of Toronto, Victoria College and a Chartered Accountant designation from the Canadian Institute of Chartered Accountants. Mr. Hopkins has twenty-five years of experience in financial planning and analysis, accounting, financial reporting, and corporate finance. This includes seven years of combined experience as a Chief Financial Officer.
President and CEO, Tom Parker, stated, "We are excited about having Chris join our management team. His experience and knowledge of the mining business and silver in particular will bring considerable value to U.S. Silver."
Mr. Hopkins will be responsible for providing executive leadership and oversight to U.S. Silver in the following areas: financial reporting and disclosure, securities regulatory compliance, treasury management, and strategic support. Additionally, he will be assisting with investor relations and strategic planning.
Mr. Hopkins has been granted, pursuant to the share option Plan of the Company, options to purchase up to 750,000 common shares of U.S. Silver. The options are priced at $0.225 per share and expire 5 years from the date of issue or thirty days from the termination of the agreement between U.S. Silver and Mr. Hopkins. Such options are subject to the terms and conditions of the Plan, certain vesting provisions, and the policies of the Exchange.
The Company would like the thank Mr. Joseph Rauhala for his years of dedication and service as our former CFO.
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 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 totaling 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.
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 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 INFORMATION PLEASE CONTACT: Tom Parker, CEO (208) 752-0400 |
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