U.S. Silver & Gold shares commence trading on TSX

    




 Toronto Stock Exchange Symbol: USA 

 TORONTO, Aug. 15, 2012 /CNW/ - U.S. Silver & Gold Inc. ("U.S. Silver & Gold") is pleased to announce that its common shares have commenced trading  on the TSX today under the stock symbol "USA" following the combination  transaction that closed on August 13, 2012.  The common shares of U.S.  Silver Corporation ("U.S. Silver") have been delisted from the TSX and the common shares of RX Gold &  Silver Inc. ("RX Gold") have been delisted from the TSX-V. 

 The warrants of U.S. Silver continue to be securities of U.S. Silver and  are exercisable for shares of U.S. Silver & Gold based on the exchange  ratio of 0.67 of a common share of U.S. Silver & Gold for each common  share of U.S. Silver. The warrants of U.S. Silver continue to be listed  on the TSX and are posted for trading under the stock symbol "USL.WT". 

 In addition, the common shares of U.S. Silver and the common shares of  RX Gold were delisted from the OTCQX International as of the close of  business yesterday. U.S. Silver & Gold is pursuing a listing on the  OTCQX and expects to complete this process in the near future. 

 About U.S. Silver & Gold Inc. 

 U.S. Silver & Gold is a new silver and gold mining company focused on  growth from existing and new assets. U.S. Silver & Gold owns and  operates the Galena Mine Complex in the heart of the Silver  Valley/Coeur d'Alene Mining District, Shoshone County, Idaho and the  Drumlummon Mine Complex in Lewis and Clark County, Montana.  Within the  Galena Mine Complex, the Galena mine produces high grade silver and is  the second most prolific silver mine in U.S. history, delivering over  200 million ounces to date, the Coeur mine is under re-development with  production expected in late 2012 and the Caladay lead/silver zone is  being evaluated for bulk mining development.  U.S. Silver & Gold also  controls 14,000 acres of exploration land in the prolific Silver Valley  that has had very little exploration focus until recently.  The  Drumlummon mine currently produces high grade gold and silver with  historical production of 1 million ounces of gold and 12 million ounces  of silver and has never been fully exploited or explored.  U.S. Silver  & Gold is concentrating on unlocking value at its producing asset  base.  U.S. Silver & Gold is also focused on brownfield expansion and  the execution of targeted accretive acquisitions. 

 Forward-Looking Statements 

 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 and the risk that U.S. Silver & Gold will not  obtain a listing on the OTCQX. Actual results might differ materially  from results suggested in any forward‐looking statements. U.S. Silver &  Gold 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 U.S. Silver & Gold. 

U.S. Silver & Gold Inc.


CONTACT:  U.S. Silver & Gold Inc. Darren BlasuttiPresident & Chief Executive Officer(416) 848-9503E-mail: [e-mail] 


    

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