June 26th

SilverCrest Pre-Feasibility Results at Santa Elena, Mexico, Proven and Probable Reserves Established, 100% Pre-Tax Internal Rate of Return, US $103.7 Million Pre-Tax Cash Flow

SilverCrest Mines Inc. (the \"Company\") (TSX VENTURE:SVL) is pleased to announce the results for the Pre-Feasibility Study on its Santa Elena open pit gold and silver mine in Sonora, Mexico. The study has converted approximately 73% of the project\'s Indicated Mineral Resources to Proven and Probable Reserves. The Base Case economics show a pre-tax Internal Rate of Return of 100% and a pre-tax cash flow of US$103.7 million. The payback period for the initial capital of US$20 million is approximately 12 months. The open pit heap leach operation will process ore at a rate of 2,500 tonnes per day and is expected to produce an average of 30,000 ounces of gold and 500,000 ounces of silver per year for an estimated mine life of 8 years. For the Base Case, the average net cash flow (pre-tax) is approximately US$10 million per year over the mine life. After initial capital payback, average net cash flow (pre-tax) for each of years 2 and 3 is projected to be greater than US$20 million. The potential underground operation with possible conventional milling has not been included in this evaluation. Read more: SilverCrest Mines Inc ( SVL )