Notice of U.S. Silver & Gold 2012 Third Quarter Financial Results and Conference Call

TORONTO, Nov. 2, 2012 /PRNewswire/ - U.S. Silver & Gold Inc. (TSX: USA) (OTCQX: USGIF) will report its third quarter 2012 financial results after market close on Tuesday, November 13, 2012. Senior management will host a conference call that day at 4:30 p.m. ET.

Dial-In Numbers:

647-427-7450  (Toronto) 1-888-231-8191 (Toll-free)

A question and answer session will follow the conference call.  Please submit questions in advance to info@us-silver.com. The operator will also provide instructions regarding how to submit questions during the call. Please call 15 minutes prior to the call to secure a line.

A replay of the call will be available until November 20, 2012 by calling 416-849-0833 or 1-855-859-2056, reference number 64243671.

A live audio webcast of the conference call will be available at www.us-silver.com and www.newswire.ca. A replay of the webcast will be available for 90 days.

U.S. Silver & Gold's full financial statements and management's discussion & analysis for the three- month period ended September 30, 2012 will be filed with SEDAR following the release and will be available via U.S. Silver's website at www.us-silver.com.

About U.S. Silver & Gold Inc.

U.S. Silver & Gold Inc. is a newly formed silver and gold mining company focused on growth from its existing asset base and the execution of targeted accretive acquisitions. 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 late re-development and the Lead Zone is being evaluated for bulk mining development. 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. Visit www.us-silver.com.

SOURCE U.S. Silver & Gold Inc.