🕐25.07.13 - 14:27 Uhr

SILVERCREST ANNOUNCES SANTA ELENA EXPANSION PRE-FEASIBILITY STUDY; BASE CASE NP
V @ $243.7 MILLION AND 88% IRR 8 YEARS OF MINE LIFE ADDED



======================================================================= News Release - July 25, 2013 SilverCrest Announces Santa Elena Expansion Pre-Feasibility Study; Base Case NPV @ $243.7 Million and 88% IRR 8 Years of Mine Life Added ======================================================================= Dear MvM Commodity Group <>, VANCOUVER, BC - July 25, 2013 � SilverCrest Mines Inc.

(�SilverCrest� or the �Company�) is pleased to announce that it has filed its NI 43-101 Technical Report entitled �Santa Elena Expansion Pre-Feasibility Study and Open Pit Reserve Update� for its operating mine located in Sonora, Mexico.

Summaries of the revised Life of Mine Plan (LOMP), operating costs, capital costs and Expansion project economics are presented in tables below.

All dollar amounts are expressed in U.S.

dollars unless otherwise specified.�The effective date of this Technical Report is April 30, 2013. The economic analyses use Base Case metal prices of $1450/ounces of gold and $28/ounces of silver (3 year average historical trend).

On this basis, the following economic highlights for an additional 8 years of mine life beginning in January 2014 are; - Total operating revenue of $684.9 million from estimated sales of 12.11 million ounces of silver and 262,739 ounces of gold. - Total operating costs of $282.2 million with estimated cash operating costs averaging US$11/ounce AgEQ for mine life with lower costs in initial years. - Total capital costs of $87.8 million including contingency but excluding sunk costs up to April 30, 2013. - Total pre-tax cash flow of $302.5 million including estimated cost deductions for closure (US$ 5 million) and working capital (US$1.8 million).

- Base Case pre-tax NPV (DCF @ 5%) of $243.7 million including 2013 estimated net cash flow of $20 million at $1250/ounce of gold and $19.50/ounce of silver after effective date of April 30, 2013.

- IRR of 88% based on incremental project economics excluding sunk costs up to April 30, 2013.

- Payback period of 1 year. - AgEQ based on a ratio of 70:1 which includes average metallurgical recoveries of 92% Au and 67.5% Ag for all milling ores. Metal price sensitivities were completed including $1250/oz Au and $19.50/oz Ag which showed a pre-tax NPV (DCF @ 5%) of $128.7M (including 2013 est.

net cash flow) and an IRR of 49%.

Updated Mineral Reserve and Resource estimations for Santa Elena Mine were announced in a news release dated May 29, 2013 which showed Probable Reserves (underground, open pit and leach pad) at an estimated 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.

Updated Indicated Resources (exclusive of Probable Reserves) were 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.

Only Mineral Reserves were used in the PFS mine plan, schedule and economic analysis.�Mineralization at Santa Elena is open in most directions with excellent potential to further increase resources and reserves for increased production and mine life. J.

Scott Drever, Chairman and CEO commented: �We are extremely pleased with the results of the PFS which confirms our expectations that the transition from our open pit heap leach operation to a conventional mill and underground operation will represent a very attractive project with robust economics even at current reduced metal prices.

The 8 year mine life will give SilverCrest a strong corporate cash flow providing a solid foundation for continued systematic and aggressive growth.

We look forward to a banner year in 2014 with the commissioning of the new processing facility in the first quarter and the significant expansion of our annual metals production at Santa Elena.� To read the complete news release, please see the following link: http://www.silvercrestmines.com/news/index.php?&content_id=158 ======================================================================= 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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