Osmium Submits Notice of Redemption in respect of Claymore Silver Bullion
Trust Units

TORONTO, July 2 /CNW/ - Osmium Special Situations Fund Ltd. ("Osmium"), announced today that it has submitted a notice of redemption in respect of all of the remaining 1,165,600 units ("Units") of Claymore Silver Bullion Trust held by it, being approximately 16.37% of the presently issued and outstanding Units. Such notice of redemption was submitted in accordance with the terms of the Units, and in accordance with such terms, the effective date of redemption is expected to be July 29, 2010. Following the completion of the redemption, Osmium will not own any Units.

Osmium is a Bermuda Exempted Mutual Fund Company, with its registered office located at Canon's Court, 22 Victoria Street, Hamilton, Bermuda.

SOURCE OSMIUM SPECIAL SITUATIONS FUND LTD.

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OSMIUM SPECIAL SITUATIONS FUND LTD.

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