1. A New Company Built For Growth
AUGUST 13, 2012
TSX:USA

2. Forward Looking Statement – Safe Harbour
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 and the risk that
regulatory approvals may not be obtained or that conditions of closing will not be satisfied or waved within the timeframe
contemplated. Additional 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 assume 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.
2

3. USA Today - Production
2.7M Established Operating Assets
Strong Operating Cash Flow
oz Ag
Focused on Organic and Brownfield Expansion
Dominant Land Position in Silver Valley
25,000 Favourable Environment for Accretive Acquisitions
Proven Management & Board
oz Au
5M oz Ag by 2014 3

4. Asset Overview

5. Near Term Operating Milestones
Maximize operating synergies of ~$6-7 million and
corporate synergies of ~$3-4 million per year
USA - Tomorrow
Deliver Coeur re-development on-time and on-budget
in Q4, 2012
5.0M Prepare preliminary analysis of the Caladay lead/silver
zone for future bulk mining development
oz Ag by 2014 Assess the Belmont property for mid to late
2013 development
Build and communicate to the investment community
the 1-year, 3-year and Life of Mine operating plan
Unlocking value of asset base 5 5

6. Asset Overview – Galena Mine Complex
Galena Mine
High grade copper-silver & lead-silver mine
Over 200 million ounces of silver produced to date
Reserves of 23.2 M oz Ag at average grade of 14.30 oz/t and M&I Resources
2 nd of 11.9 M oz Ag at average grade of 13.7 oz/t
First half 2012 production of 1.08 M oz Ag at $20.20/ounce
Two operating mills Galena and Coeur
largest - 1,400 tons/day capacity currently at 65%
- Consistent mill recovery rates of 96% for silver-copper and
92% for silver-lead ores
Primary silver
Continued exploration success and mine life extension on 2400, 4300
producer in the U.S. and 5200 levels
- 1,434 oz/t silver over 1.6’ and 112.1 oz/t silver over 2.8’ extending
silver vein down dip
- 110 oz/t silver extension of 350 vein
- Resource development in lead zone at 4900 level
Continue to increase reserves and extend mine life
Large Reserve and Resource 6 6

7. Asset Overview – Galena Mine Complex
Coeur Mine
Historical production of 39 million ounces of silver
- 3.3 million oz of M&I silver resources at average grades of 16.6 oz/t
silver and 0.72% copper
500,000 - Targeting 6.0 M Oz Ag Resource from 2012 and 2013 drill program
Re-development started February 2012
oz Ag - Estimated development costs of $5 million
Targeted production First production expected in Q4, 2012 with full production estimate at
500,000 oz Ag per year by end of 2013
Drilling commenced; 2,500 feet of 17,000 foot program completed
Initial Production Q4 2012 7 7

8. Asset Overview – Galena Mine Complex
Caladay Lead Zone
Initial joint venture between Callahan Mining, ASARCO and Day Mines
sank a 5,100 foot shaft in the 1960’s
Drilling in the 1980’s by Coeur d’Alene Mines located a silver-lead deposit
100% owned by U.S. Silver & Gold Inc.
Significant Re-habilitation completed and drilling commenced in the 3rd quarter
Appears to contain a mineable resource between the 4900 and 5500
Brownfield levels, readily accessible from existing works
- Mineralization comprises broad areas of silver and lead
Expansion mineralization often associated with high grade veins
- Zones appear much wider (up to 25 to 30 feet) with grades in the
range of 7 to 9 oz Ag and 7% to 10% Pb
- Area supports lower cost bulk mining methods
Update expected by year-end on economic potential of mineralized area
Brownfield Organic Growth 8

9. Galena Complex Exploration Upside
CDA
“GAP”
Western Argentine
Coeur Mine Vein
Deep
Calady Mine
Coeur Mine
Deep Lead-Silver
Silver
Vein
Exploration budget of 93,700 feet has been approved for 2012 9

10. Asset Overview – Drumlummon Mine
High grade narrow vein gold and silver underground mine with extensive infrastructure
Historical production of 1 million ounces of gold and 12 million ounces of silver
All required permits in place under small miners exemption
2012 Plan estimates 110,000 tons of ore at 0.25/t Au and 4 oz/t Ag
First half 2012 production of 12,100 oz Au and 216,200 oz Ag
First half 2012 mill recoveries averaged 91% for Au and 84% for Ag
Continued resource expansion and mine life extension success at Drumlummon and the recently
acquired Belmont mine
- $5.5 million exploration budget approved for 2012
- 106,000 feet of drilling to date
- Exploration success at the Frankie Vein, Sampson area of the Drumlummon Vein and the New
Years Vein, discovered in the foot wall of the Charly Vein
- Discovery of high grade silver veins in the Neenan area near Bald Butte moly project
Potential synergies through excess milling capacity at Galena
10 10

11. Drumlummon Mine – Underground Long Section
DDH12-567 : 0.973 oz/t Au over 4’
1.116 oz/t Au over 1’
DDH12-569 : 0.416 oz/t Au over 2’
0.319 oz/t Au over 14’
DDH12-601 : 0.504 oz/t Au over 6’
Resource Expansion and Mine Life Extension 11
Success 11

12. 12
Drumlummon Mine – Claims and Property Boundaries

13. Capital Structure and Key Metrics
Pro-Forma U.S. Silver & Gold
Symbol/Exchange USA-T
Market Cap (CDN$ MM) – close August 10, 2012 131.7
Shares Basic (MM) 59.4
ITM Options & Warrants (MM) 8.5
OTM Options & Warrants (MM) 3.5
Shares FD ITM (MM) 67.9
Cash (US$ MM)* $ 21.1
Working Capital (US$ MM)* $ 33.0
Debt (US$ MM)* $ 8.2
First half Production oz (Ag) 1,295,300
First half cash costs per oz (Ag) $ 20.36
First half Production oz (Au) 12,100
Recoveries (Ag) 90.0%
Recoveries (Au) 91.0%
13
* As at June 30, 2012

14. Strategic Objectives

15. Strategic Objectives
Ensure an effective and efficient integration
1 of the two organizations
Exceed 2 Assess exploration, milling and capital
synergies with geographically focused assets
5.0M 3 Growth through exploration and accretive
acquisitions in North America
oz Ag by 2014 Secure line of credit to support future growth
4 initiatives
5 Increase visibility within the investment
community
Experience with more than 100 transactions
15 15

16. Management Team Overview
• Former SVP Corporate Development and Investor Relations for Barrick Gold, reported to President and CEO
Darren Blasutti
• Led Barrick's strategic development for over 13 years executing over 25 gold mining transactions including Sutton Resources,
President and CEO, Homestake Mining, Placer Dome, consolidation of the Cortez property from Rio Tinto. Responsible for creation of Barrick Energy to
Director
hedge Barrick’s exposure to energy prices
• Over 35 years of experience in operations, management, engineering, and exploration for underground and open-pit mines
Robert Taylor • Most recently VP and President North American Operations for Kinross Gold where he was responsible for all operations
COO and exploration
• Former VP, Mine Operations at Stillwater Mining in Montana
• Over 15 years of progressive financial leadership experience and brings extensive senior management expertise
Warren Varga • Most recently Senior Director, Corporate Development at Barrick Gold Corporation
CFO
• Member of the Canadian Institute of Chartered Accountants and a member of the Chartered Financial Analyst Institute
• Over 33 years experience in mine engineering and management
Steve Long
• Senior manager for underground mining operations for Newmont Mining Corporation, Barrick Gold, Echo Bay and
SVP, Operations
Homestake Mining
Jim Atkinson • Licensed Professional Geologist, over 40 years of experience in exploration geology
VP, Exploration • Completed more than a dozen exploration programs across North America
Peter McRae
• Most recently at Weil, Gotshal & Manges LLP, a major international law firm based in NY
VP, General • Focused on private equity funds, public and private companies acquisitions and divestitures
Counsel 16

17. Board of Directors Overview
• Over 30 years of experience as a global finance executive
Gordon Pridham
• Extensive special committee and public board experience with a track record of creating value for shareholders
Chairman
• Serves on the public company boards of Newalta Corporation and Titanium Corporation, where he is Chairman of the Board
• Former SVP Corporate Development and Investor Relations for Barrick Gold, reported to President and CEO
Darren Blasutti
• Led Barrick's strategic development for over 13 years executing over 25 gold mining transactions including Sutton Resources,
President and CEO,
Director Homestake Mining, Placer Dome, consolidation of the Cortez property from Rio Tinto. Responsible for creation of Barrick Energy
to hedge Barrick’s exposure to energy prices
• Former EVP Strategic Development at Kinross Gold, where he oversaw corporate development and exploration until his retirement
Hugh Agro
in 2009
Director
• Held senior positions with Placer Dome Canada and Deustche Bank
• Geologist with over 40 years experience as an executive for 20 public, junior exploration companies
John Brock
• Participated in 12 major mineral deposit discoveries in north and western Canada, Nevada, Mexico, and Ecuador
Director
• Currently CEO of Pacific Ridge Exploration and an advisor to the Manex Resources Group
• Retired in 2009 as EVP Exploration and Corporate Development at Barrick Gold
Alex Davidson
• 2005 AO Dufresue Award to recognize exceptional achievement and distinguished contribution to mining exploration in Canada
Director
• In 2003 was named Prospector of the Year by PDAC for discovery of Alto Chicama in Peru
Louis Dionne • Former Senior Vice President Underground Operations at Barrick Gold
Director • Currently a director of Detour Gold Corporation and Aurizon Mining Ltd.
Alan Edwards • Board of directors for AuRico Gold Inc., Entrée Gold Inc., Copper One Inc., Oracle Mining Corp. and AQM Copper Inc. (Chairman)
Director • Senior management positions with Frontera Copper, Apex Silver Mines, Kinross, Cyprus Amax and Phelps Dodge
Tom Ryley • Board of directors for Newalta Corporation, Tribute Resources and Benefuel Inc., where he is Chairman of the Board
Director • Former Executive Vice President of Suncor Energy, where he worked for 25 years in a variety of roles
Lorie Waisberg • Former Senior Partner at Goodmans LLP, and EVP of Finance and Administration of Co-Steel Inc.
17
Director • Accredited with Institute of Corporate Directors and sits on Boards of Tembec and Chemtrade Logistics Inc.

18. Why USA?
2nd largest primary silver producer in the U.S.
We’re
Strong operating and market fundamentals
Executing on brownfield expansion opportunities
built for Large land package with significant exploration upside
growth Experienced management team
Disciplined strategy for targeted acquisitions
Catalysts in place for improved valuation
Focused on Execution 18