United Silver Corp. ("USC";TSX: USC; OTC: USCZF; Frankfurt: UM8) is pleased to announce that it has closed the agreement with Hale Capital Partners (“Hale”) first announced on June 4, 2012. Together, USC and Hale formed the Crescent Mine LLC. Under the terms of the LLC, Hale made a net Initial Contribution of $2,400,000 in exchange for a 20% interest in the Crescent Silver Mine, located in the Coeur D'Alene Silver Belt, Idaho. USC had recently acquired this same interest in the Crescent Silver Mine project from Gold Finder Explorations Ltd. USC is the manager and has an 80% interest in the LLC. At any time after USC has satisfied its obligation to Hale under the Secured Convertible Note dated February 1, 2012 (see news release dated February 1, 2012), USC may acquire one half of Hale’s interest in the LLC for a payment equal to the Initial Contribution.

Other specific terms of the LLC will be disclosed in the LLC agreement which will be publicly filed on SEDAR.

USC is also pleased to announce that the New Jersey Mill is in operation, and it has shipped its first load of concentrate from its test mining operations to the refinery owned by Formation Metals. These and future concentrate sales are together expected to generate the cash necessary to complete development and bring the Crescent Mine into commercial production.

Graham Clark, CEO of USC said, "We are very pleased with Hale Capital Partners, LP continued support as they become our joint venture partner in the Crescent Mine project. This transaction provides us with adequate funding according to our budget to carry out our development plans until commercial production makes the Crescent Mine project self sustaining."

Martin Hale Jr, CEO of Hale Capital Partners, said, “We are pleased to have the opportunity to expand our relationship with USC. We focus on providing growth capital to strong managers developing exceptional properties. We believe USC fits well with our investment focus.”

ABOUT UNITED SILVER CORP.

USC is a vertically integrated mining company with operations in Idaho, USA. It has a majority interest in the Crescent Silver Mine project in Idaho's prolific Silver Belt - directly between two of the world's historically largest silver producing properties, the Sunshine and Bunker Hill mines. USC also offers a full suite of mining services including contract mining and mine machine repair and fabrication services to silver miners in the district. USC's common shares trade on the Toronto Stock Exchange under the symbol "USC". For more information about USC, please visit: www.unitedsilvercorp.com

ABOUT HALE CAPITAL PARTNERS

Based in New York City, Hale Capital Partners has established itself as a leading private equity firm focused on strategic investments in public companies and their subsidiaries. Hale Capital Partners' team is comprised of seasoned private equity veterans and entrepreneurs, who bring not only deep domain expertise but also hands-on operating experience to help build highly successful companies. Hale Capital Partners' mining portfolio spans all stages of mine development from exploration to commercial production.

www.unitedsilvercorp.com

ON BEHALF OF UNITED SILVER CORP.

"Graham Clark"Chairman and CEO

Investor RelationsTel. (855) 238-0202

FORWARD LOOKING STATEMENTS: This press release contains forward-looking statements, which address future events and conditions, which are subject to various risks and uncertainties. Forward looking statements in this press release include that we will have sufficient funding from sale of ore concentrates to carry out development plans until our project becomes self sustaining.. The Company's actual results and financial position could differ materially from those anticipated in such forward-looking statements as a result of numerous factors, some of which may be beyond the Company's control. These factors include: our budget forecasts may be inaccurate, results of development activities may be more difficult or more expensive than anticipated, mis-estimation of mineral reserves and resources, fluctuations in the marketplace for the sale of minerals, the inability to implement corporate strategies, the inability to obtain sufficient financing, labor shortages, the inability to keep key employees, currency fluctuations, general market and industry conditions and other risks disclosed in the Company's filings with Canadian Securities Regulators.

Forward-looking statements are based on the expectations and opinions of the Company's management on the date the statements are made. The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be inaccurate and as such, undue reliance should not be placed on forward-looking statements. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.

The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release.