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Annual General Meeting
May 27, 2013
Forward Looking Statement
2
Certain information in this presentation 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. Potential risks include: that U.S. Silver & Gold may not 
achieve anticipated synergies; loss of key personnel; reduction in the anticipated cash levels; and, not achieving production goals stated. Actual 
results might differ materially from results suggested in any forward‐looking statements. All statements, other than statements of historical 
fact, included in the presentation, including, without limitation, statements regarding potential mineralization and reserves, exploration results, 
and future plans and objectives of U.S.  Silver & Gold, are forward‐looking statements. Words such as “expect”, “anticipate”, “estimate”, 
“may”, “will”, “should”, “intend”, “believe” and other similar expressions are forward‐looking statements. Forward‐looking statements are not 
guarantees of future results and conditions but rather reflect our current views with respect to future events and are subject to risks, 
uncertainties, assumptions and other factors, and actual results and future events could differ materially from those anticipated in such 
statements. There can be no assurance that such forward‐looking statements will prove to be accurate.  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 the U.S. Silver & Gold. Additional information identifying 
risks and uncertainties is contained in filings by U.S. Silver & Gold with the Canadian securities regulators, which filings are available at 
www.sedar.com.
An additional Cautionary Note to Investors – In the event that we use certain terms in this presentation, such as “resource”, “measured 
resource”, “indicated resource” and “inferred resource”. U.S. investors are cautioned that, while such terms are recognized and required by 
Canadian Securities Laws, the United States Securities and Exchange Commission does not recognize them. Under U.S. standards,
mineralization may not be classified as a “reserve” unless the determination has been made that the mineralization could be economically and 
legally produced or extracted at the time the reserve determination has been made. U.S. investors should not assume that all or any part of 
measured or indicated resources will ever be converted into reserves. In addition, “inferred resources” have a great amount of uncertainty as 
to their existence and as to whether they can be mined legally or economically. Accordingly, information concerning descriptions of 
mineralization in this presentation may not be comparable to information made public by companies that are subject to the SEC’s Industry 
Guide 7.
Mr. Jim Atkinson, Vice President, Exploration and a Qualified Person under Canadian Securities Administrators guidelines has approved the 
applicable contents of this presentation.
AGENDA
2012 Financial and Operating Results
Delivering on Caladay’s Potential
Roadmap to Success
3
2012 Highlights
Merger integration
Cost structure improvements
Brownfield exploration and
development plans
4
Delivered
2012 Financial Highlights
5
$94.9M
Record Revenue
Production of 2.31 million Ag oz and 5,700 Au oz
Net loss for the year of $17.8M or $0.29 per share with the 
inclusion of one‐time expenses 
Adjusted net income for the year of $4.7M or $0.08 per 
share
Silver cash costs of $18.33/oz 
Realized silver prices of $31.30, down from $35.65
Non‐cash impairment charges to Drumlummon mineral 
properties and goodwill totaling $14.4M
Cash as at December 31, 2012 of $18.9M
2012 Operating Highlights
Ag Production
oz in MM
Au production of 5,700 oz
Pb production of 5.2 MM lbs
Cu production of 1.0 MM lbs, up 9.4%
6
08 09 10 11 12
2.3
2012 Exploration Highlights
7
135,000
feet of drilling
106%
increase over 2011
Exploration continues to cost effectively add reserves
and resources at modest expenditure levels
Successful drill program with discovery of new high-
grade mineralization area in the Caladay Zone
Dedicated team focused on advancing the Caladay
Zone
Continue to explore identified brownfield targets with
aggressive drilling program in 2013
8
1 Basket of comparable silver and gold junior producers include: Alexco Resources (AXR), Excellon (EXN), Golden Minerals (AUMN), Great Panther Silver (GPR), Jaguar
Mining (JAG), Lachlan Star (LSA), Lake Shore Gold (LSG), Patagonia Gold (PAT), Revett Minerals (RVM), Richmont Mines (RIC), San Gold (SGRCF), and Scorpio
Mining (SPM).
USA Relative Performance vs Silver Price and Basket of Producers1
Aug 14, 2012 to May 24, 2013
Silver Price Junior ProducersUSA
‐65.0%
‐45.0%
‐25.0%
‐5.0%
15.0%
35.0%
55.0%
Aug‐12 Sep‐12 Oct‐12 Nov‐12 Dec‐12 Jan‐13 Feb‐13 Mar‐13 Apr‐13 May‐13
Delivering on Caladay’s Potential
9
10
Galena Complex – Underground Drill Targets
350-370
Veins
Caladay
Silver-Lead
Galena
Targets
The Caladay Lead Zone in 3D
11
12
Caladay Zone Existing Resources
13
Caladay Zone - 4900 Level Plan
14
Drilling Update – Caladay Zone Cross Section
15
Caladay Zone Exploration Results
Drill results are available on our website
www.us‐silver.com
16
2013 Caladay Zone Exploration Targets
17
Caladay Mine Development
Galena site personnel are actively working toward the accelerated
development of Caladay and Silver Halo
• All development is coming off of the 4900 level
• Silver Halo is their first priority
• Fits in with the focus on Ag-Cu ore
• Highest grade potential
• Drilling is currently underway to confirm and expand newly defined
resource
• First production anticipated around mid-year
• Caladay Zone will immediately follow
• Site is waiting to see designs turned out by PEA
• Drifting from 4900 decline will allow access to the 49-390 block
• Initial production expected in late Q3
• Mining in either of these zones will draw workers away from
production areas currently in the plan
• The economic incentive to produce is still to be evaluated
• No estimate of 2013 production from Caladay is being circulated
Roadmap to Success
18
Roadmap to Success
19
Execute on operational improvements
Fast track the Caladay Zone
Protect the balance sheet
Assess exploration, processing and capital
synergies with geographically-focused
assets
Seek accretive acquisition opportunities
5.0Moz Ag
by end of 2015
2013 Silver Guidance
20
2.6-3.0M
oz Ag
$16-$18
Ag Cash Costs/oz
Change in previous guidance from 2.7-3.0M oz Ag at
cash costs of $17-19 to account for discontinuation of
Drumlummon Mine operations
Galena Complex P+P reserve base of ~23 million oz
Ag, supporting a minimum 8-9 year mine life
2013 Milestones
21
Near-term
Catalysts
Q1 2013 Q2 2013 Q3 2013 Q4 2013 
Filed Reserve
& Resource
Update,
Including First
Resource
Estimate for
Caladay
Preliminary
Economic
Assessment
on “Fill The
Mill” and test
mining at
Caladay
begins
Mining of Ag-
Cu ore at
4900 Level
with 100 tons
per day target
Develop from
Ag-Cu ore
over to high
grade Ag-Pb
stopes for
2014
production
Invest in U.S. Silver & Gold
22
Producing 2.6-3.0 million Ag oz
100% owned, royalty free
Fully permitted
Caladay Zone near existing infrastructure
Excess hoisting and milling capacity
Increasing production and reducing costs
Experienced management team
Catalysts in place for improved valuation
Executing on
low risk brownfield
expansion
Contact Us
23
Darren Blasutti
President and CEO
416‐848‐9503
www.us‐silver.com

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U.S. Silver and Gold Corporate Presentation - November 29, 2012
 

AGM Corporate Presentation

  • 2. Forward Looking Statement 2 Certain information in this presentation 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. Potential risks include: that U.S. Silver & Gold may not  achieve anticipated synergies; loss of key personnel; reduction in the anticipated cash levels; and, not achieving production goals stated. Actual  results might differ materially from results suggested in any forward‐looking statements. All statements, other than statements of historical  fact, included in the presentation, including, without limitation, statements regarding potential mineralization and reserves, exploration results,  and future plans and objectives of U.S.  Silver & Gold, are forward‐looking statements. Words such as “expect”, “anticipate”, “estimate”,  “may”, “will”, “should”, “intend”, “believe” and other similar expressions are forward‐looking statements. Forward‐looking statements are not  guarantees of future results and conditions but rather reflect our current views with respect to future events and are subject to risks,  uncertainties, assumptions and other factors, and actual results and future events could differ materially from those anticipated in such  statements. There can be no assurance that such forward‐looking statements will prove to be accurate.  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 the U.S. Silver & Gold. Additional information identifying  risks and uncertainties is contained in filings by U.S. Silver & Gold with the Canadian securities regulators, which filings are available at  www.sedar.com. An additional Cautionary Note to Investors – In the event that we use certain terms in this presentation, such as “resource”, “measured  resource”, “indicated resource” and “inferred resource”. U.S. investors are cautioned that, while such terms are recognized and required by  Canadian Securities Laws, the United States Securities and Exchange Commission does not recognize them. Under U.S. standards, mineralization may not be classified as a “reserve” unless the determination has been made that the mineralization could be economically and  legally produced or extracted at the time the reserve determination has been made. U.S. investors should not assume that all or any part of  measured or indicated resources will ever be converted into reserves. In addition, “inferred resources” have a great amount of uncertainty as  to their existence and as to whether they can be mined legally or economically. Accordingly, information concerning descriptions of  mineralization in this presentation may not be comparable to information made public by companies that are subject to the SEC’s Industry  Guide 7. Mr. Jim Atkinson, Vice President, Exploration and a Qualified Person under Canadian Securities Administrators guidelines has approved the  applicable contents of this presentation.
  • 3. AGENDA 2012 Financial and Operating Results Delivering on Caladay’s Potential Roadmap to Success 3
  • 4. 2012 Highlights Merger integration Cost structure improvements Brownfield exploration and development plans 4 Delivered
  • 5. 2012 Financial Highlights 5 $94.9M Record Revenue Production of 2.31 million Ag oz and 5,700 Au oz Net loss for the year of $17.8M or $0.29 per share with the  inclusion of one‐time expenses  Adjusted net income for the year of $4.7M or $0.08 per  share Silver cash costs of $18.33/oz  Realized silver prices of $31.30, down from $35.65 Non‐cash impairment charges to Drumlummon mineral  properties and goodwill totaling $14.4M Cash as at December 31, 2012 of $18.9M
  • 6. 2012 Operating Highlights Ag Production oz in MM Au production of 5,700 oz Pb production of 5.2 MM lbs Cu production of 1.0 MM lbs, up 9.4% 6 08 09 10 11 12 2.3
  • 7. 2012 Exploration Highlights 7 135,000 feet of drilling 106% increase over 2011 Exploration continues to cost effectively add reserves and resources at modest expenditure levels Successful drill program with discovery of new high- grade mineralization area in the Caladay Zone Dedicated team focused on advancing the Caladay Zone Continue to explore identified brownfield targets with aggressive drilling program in 2013
  • 8. 8 1 Basket of comparable silver and gold junior producers include: Alexco Resources (AXR), Excellon (EXN), Golden Minerals (AUMN), Great Panther Silver (GPR), Jaguar Mining (JAG), Lachlan Star (LSA), Lake Shore Gold (LSG), Patagonia Gold (PAT), Revett Minerals (RVM), Richmont Mines (RIC), San Gold (SGRCF), and Scorpio Mining (SPM). USA Relative Performance vs Silver Price and Basket of Producers1 Aug 14, 2012 to May 24, 2013 Silver Price Junior ProducersUSA ‐65.0% ‐45.0% ‐25.0% ‐5.0% 15.0% 35.0% 55.0% Aug‐12 Sep‐12 Oct‐12 Nov‐12 Dec‐12 Jan‐13 Feb‐13 Mar‐13 Apr‐13 May‐13
  • 10. 10 Galena Complex – Underground Drill Targets 350-370 Veins Caladay Silver-Lead Galena Targets
  • 11. The Caladay Lead Zone in 3D 11
  • 13. 13 Caladay Zone - 4900 Level Plan
  • 14. 14 Drilling Update – Caladay Zone Cross Section
  • 15. 15 Caladay Zone Exploration Results Drill results are available on our website www.us‐silver.com
  • 16. 16 2013 Caladay Zone Exploration Targets
  • 17. 17 Caladay Mine Development Galena site personnel are actively working toward the accelerated development of Caladay and Silver Halo • All development is coming off of the 4900 level • Silver Halo is their first priority • Fits in with the focus on Ag-Cu ore • Highest grade potential • Drilling is currently underway to confirm and expand newly defined resource • First production anticipated around mid-year • Caladay Zone will immediately follow • Site is waiting to see designs turned out by PEA • Drifting from 4900 decline will allow access to the 49-390 block • Initial production expected in late Q3 • Mining in either of these zones will draw workers away from production areas currently in the plan • The economic incentive to produce is still to be evaluated • No estimate of 2013 production from Caladay is being circulated
  • 19. Roadmap to Success 19 Execute on operational improvements Fast track the Caladay Zone Protect the balance sheet Assess exploration, processing and capital synergies with geographically-focused assets Seek accretive acquisition opportunities 5.0Moz Ag by end of 2015
  • 20. 2013 Silver Guidance 20 2.6-3.0M oz Ag $16-$18 Ag Cash Costs/oz Change in previous guidance from 2.7-3.0M oz Ag at cash costs of $17-19 to account for discontinuation of Drumlummon Mine operations Galena Complex P+P reserve base of ~23 million oz Ag, supporting a minimum 8-9 year mine life
  • 21. 2013 Milestones 21 Near-term Catalysts Q1 2013 Q2 2013 Q3 2013 Q4 2013  Filed Reserve & Resource Update, Including First Resource Estimate for Caladay Preliminary Economic Assessment on “Fill The Mill” and test mining at Caladay begins Mining of Ag- Cu ore at 4900 Level with 100 tons per day target Develop from Ag-Cu ore over to high grade Ag-Pb stopes for 2014 production
  • 22. Invest in U.S. Silver & Gold 22 Producing 2.6-3.0 million Ag oz 100% owned, royalty free Fully permitted Caladay Zone near existing infrastructure Excess hoisting and milling capacity Increasing production and reducing costs Experienced management team Catalysts in place for improved valuation Executing on low risk brownfield expansion