🕐29.05.13 - 15:27 Uhr

SILVERCREST ANNOUNCES UPDATED SANTA ELENA RESERVES AND RESOURCES; SILVER AND GOL
D PROBABLE RESERVES INCREASE BY 103% AND 50% - SILVER AND GOLD INDICATED RESOURCES INCREASE BY 127% AND 99%



======================================================================= News Release - May 29, 2013 SilverCrest Announces Updated Santa Elena Reserves and Resources; Silver and Gold Probable Reserves Increase by 103% and 50% Silver and Gold Indicated Resources Increase by 127% and 99% ======================================================================= Dear MvM Commodity Group <>, VANCOUVER, B.C.

May 29, 2013 � SilverCrest Mines Inc.

(�SilverCrest� or the �Company�) is pleased to announce updated Reserve and Resource estimations for its Santa Elena Mine in Sonora, Mexico.

The updated Probable Reserves (underground, open pit and leach pad) are estimated at 8.2 million tonnes grading 74.9 gpt Ag and 1.24 gpt Au containing 19.7 million ounces of silver and 327,430 ounces of gold, representing a 103% increase in contained silver and 50% increase in contained gold over previous Probable Reserves stated below.

Updated Indicated Resources (exclusive of Probable Reserves) are estimated at 2.1 million tonnes grading 114.9 gpt Ag and 1.69 gpt Au containing 7.9 million ounce of silver and 116,000 ounces of gold, representing a 127% increase in contained silver and 99% increase in contained gold over previous Indicated Resources stated below.

Details of the updated Reserves and Resources are summarized in the following tables and will be included in the Santa Elena Expansion Pre-Feasibility Study (Technical Report) to be filed on SEDAR within 45 days of this release. J.

Scott Drever, President commented: �We are extremely pleased with the results of our updated Reserve and Resource estimates for the underground, open pit and heap leach pad definition and resource expansion drill program.

The significant increase in Reserves has clearly defined processing feed for our planned 3,000 tonne per day processing facility (Milling & CCD leaching) for an additional 8 years.

What is even more exciting is that we have yet to define the limits of the Main Mineralized Zone and have only begun to explore the newly discovered high grade El Cholugo and El Cholugo Dos zones.

We look forward to a banner year in 2014 with the commissioning of the new processing facility in Q1 2014 and the expansion of our annual metals production to an estimated 3.5 to 4.0 million ounces of silver equivalent (55:1 Ag:Au).

� SANTA ELENA UPDATED RESERVES AND RESOURCES (April 30, 2013) To read the complete news release, please see the following link: http://www.silvercrestmines.com/news/index.php?&content_id=146 ======================================================================= Click or copy and paste the link below to unsubscribe from this list http://dissemination.blendermedia.com:81/u?id=4092470.b8d87d35daa5ff4340d5d775da801d21&n=T&l=silvercrestmines_com =======================================================================



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