======================================================================= News Release - March 14, 2013 SilverCrest Announces 2012 Financial Results Cash Flow from Operations of $40.1 million ($0.44 per share) Net Earnings $30.5 million ($0.33 per share) ======================================================================= Dear MvM Commodity Group <>, VANCOUVER, BC � March 14, 2013 � SilverCrest Mines Inc.

(the �Company�) is pleased to announce its audited consolidated financial results for the year and fourth quarter ended December 31, 2012 (all figures in U.S.

dollars unless otherwise specified).�The information in this news release should be read in conjunction with the Companys audited consolidated financial statements for the year ended December 31, 2012 and associated management discussion and analysis (�MD&A�) which are available from the Companys website at www.silvercrestmines.com and under the Companys profile on SEDAR at www.sedar.com. 2012 YEAR END FINANCIAL HIGHLIGHTS: - Cash flow from operations (1) $40.1 million ($0.44 per share) - Cash operating cost per silver equivalent ounce sold(2)�$7.39 - Revenues reported - IFRS (3)�$70.5 million - Mine operating earnings�$46.3 million - Net earnings�$30.5 million ($0.33 per share) - Cash, cash equivalents and short term investments�$48.1 million (at Dec.

31, 2012) - Working capital $55.2 million (at Dec.

31, 2012) - Bought deal financing proceeds $34.5 million - Retirement of the Hedging Facility $23.3 million (Completely un-hedged producer) J.

Scott Drever, President stated; �We are extremely pleased with the financial performance achieved in 2012.

It is rewarding to deliver strong financial results that mirror Santa Elena�s production performance.�Our management group in Vancouver and operating team in Mexico continue to do an excellent job and should be congratulated for achieving cash flow of $0.44 per share and earnings of $0.33 per share.

We look forward to another strong financial year in 2013, with an expected increase in silver production to 625,000 ounces, consistent gold production at 33,000 ounces and cash costs remaining steady at or below $8.50 per silver equivalent ounce�. To read the complete news release, please see the following link: http://www.silvercrestmines.com/news/index.php?&content_id=134
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