Expansion of Silver Crests Santa Elena mine is on track

Expansion of Silver Crests Santa Elena mine is on track

VANCOUVER, B.C. 9. July 2012 – SilverCrest Mines Inc. (the "Company") is pleased, the current status of planning for expansion of mining operations and Santa Elena are currently under implementation in Phase II drilling at La Joya (Mexico) to announce. The expansion work at the mine of Santa Elena on track and will start from 2014 to an increase in metal production by 100 % lead. The definition drilling to determine existing resources and extensive metallurgical studies at La Joya to continue; in the 4. Quarter 2012 to a reassessment of the resources held following provides an overview of the main activities. For more information, including photographs and videos, visit our website at www.silvercrestmines.com.

Expansion planning for Santa Elena

• GR Engineering Services (GRES) from Brisbane (Australia) responsible for the planning and technical implementation of the planned counter current decantation plant with a processing capacity of 3.000 Tonnes per day charge. The purpose of the construction in 4. Quarter 2012 be started. As part of the first phase, first find the excavation work, the construction of the foundations and the erection of the tanks held. In the 1. Quarter 2013 then take place with the detailed engineering for the entire system. The purpose of the processing of the ore mined above ground in January 2014 be started.
• Currently, either used or new machinery and equipment, to plan for the long lead times are, purchased. The funding comes from the cash position of the company.
• The construction of the underground workings is progressing, so far have been about. 470 Meters of the main ramp driven into the ground. In all, 2012 a budget for the underground development on approximately. 1500 Meters provided. Over the conveying path (4,5 x 4,0 Meter) the access to the underground resources possible. Center 2014 is then the commissioning of the mine site with an indicative funding of 1.000 Tonnes per day.
• The development of Laugungsplattformen is already well advanced and is scheduled for completion in July. With the expansion of processing capacity for the Laugungsplattformen above active material for the heap leach is funded by an additional 2 Years will be extended. Once the new processing plant is in operation, the existing abandoned Laugungsbereiche.
• The stock of gold and silver, remaining on the Laugungsplattformen is, is currently being tested in order to feed the processing plant as part of expansion plans. If one of the in-pit ore grade, the mixed material from the crusher and the current metal production included, are still approximately. 1,9 Million tons of material in Laugungsbereich; to have larger amounts of gold- and contained silver ounces. Based on the current funding plan focuses on the construction of the counter current decantation plant is estimated that approximately. 4 Millions of tons of material from the heap for further processing are available. This inventory and the possibility of the proposed processing plant to win from ore, in the coming pre-feasibility study („PFS“) considered for the expansion planning. The Company cautions, that the above-mentioned potential quantities have only conceptual in nature. The previous works are not enough, to define NI43-101 compliant mineral resources to.
• A 13 Holes comprehensive in-pit drilling program near the surface, should be better defined with which the quantity and grade in the lower area of ​​the planned above-ground mining site, was completed in June. The results confirm, that a high-grade mineralization with up to 6,2 Grams gold per tonne and 102,7 Grams of silver per tonne to 16 Meters is present. Currently, a new Gemcom block model developed, extend the mine life of Santa Elena and estimate the future cash flow to better.
• In the main area of ​​Santa Elena are surface drilling on the division of mineral resources, to be converted into reserves, instead of. As a basis for extending the PFS is planning, is expected at the end of the year. In eighteen hole drilling is currently underway.
• The project is part of the Cruz de Mayo Expansion plan for Santa Elena. The aim of the current work is the completion of the PFS 3. Quarter 2012. In July, in addition to 6 Holes are drilled, to distinguish those resources can, to be converted into reserves.

Exploration activities at La Joya

• As part of Phase II core drilling with two rigs will continue to expand the known mineralized zones. In the first holes of this program enabled the mineralization to the north and east be extended; within the last few holes, however, were promising areas in the south and west to explore. Previously 40 as part of the Phase II drilling planned 60 Core holes completed; the remaining 20 Using reverse circulation drilling will follow, if the appropriate drills are available. The analytical results for the next 10 – 15 Holes are being evaluated and should be published towards the end of the month.
• Im 4. Quarter 2012 then is a new resource estimate for La Joya 2012 planned; The aim is, the current resources of more than 100 Million ounces of silver equivalent (Ag-Cu-Au) at 50 – 100 % to increase. Please also refer to the published technical report on SEDAR on 21. February 2012.
• The results of previous drilling at La Joya suggests, here that an extended tungsten mineralization, Molybdenum, Zinn-, Lead- Zinc is present and shares. The latter could be promoted as a by-product of the dominant silver-copper-gold mineralization. Further drill results and the subsequent re-evaluation of resources should help, To determine this potential.
• The collection of data from a geophysical measurement flight, the over in the past one 1400 Square-mile area (including La Joya) was performed, is now completed. This data was carried out by Fugro Airborne Geophysics Ottawa (Canada) reevaluated. Furthermore, were IP measurements to evaluate the magnetic field and gravity 25 additional target areas defined. The geophysical signatures of La Joya served here as a guide. The company currently votes from those goals, to be explored primarily. In the priority target areas have been identified in the second half of holes.
• To identify new targets to make in this area, the company's property at La Joya in total 10.656 Hectare increased.

President J. Scott Drever said: "We are very pleased with the progress in the various sections of the expansion plan for Santa Elena in order to double production and exploration activities in the project, La Joya. It is especially important, that the work as planned largely from operating cash flow of approximately. 2,5 Million $ be funded monthly, so that our cash balance in the amount of 35 Million $ obtained for larger investments in connection with the processing plants remains. With this proposed strategy, the company makes use of a financing regardless of the current market conditions. "

N. Eric Fier, CPG, P.Eng. und Chief Operating Officer von SilverCrest Mines Inc., is a Qualified Person under National Instrument (NI 43-101) Standards of Disclosure for Mineral Projects reviewed this press release and approved its contents.

SilverCrest Mines Inc. (TSX-V: SVL; OTCQX: STVZF) is a Mexican precious metals producer with headquarters in Vancouver (British Columbia). The flagship project of Silvercrest is the company's own mine in Santa Elena. It is located 150 kilometers northeast of Hermosillo in the Mexican state of Sonora Banamichi. The mine produced high grade epithermal gold and silver. The cash costs over the life of the mine on 8 U.S. $ pro Unze Silberäquivalent (55:1 Ag:At) valued. Silvercrest assumes, that during the period of above-ground mining operations (6,5 Years) with a capacity of 2.500 Tonnes per day from the Santa Elena mine a total of approximately. 4.805.000 Ounces of silver and 179.000 Ounces of gold can be promoted. Currently, a plan for an expansion program was developed over three years, should be doubled with the metal production in the mine of Santa Elena. The current exploration program to define a large Polymetalllagerstätte on the property of La Joya in the state of Durango is progressing rapidly.

FORWARD-LOOKING STATEMENTS

This press release contains "forward-looking statements" within the meaning of applicable Canadian securities laws and the United States Private Securities Litigation Reform Act of 1995. Such forward-looking statements regarding the company expected results and future developments in the operations of the company, Explorations die geplanten- and development work in the respective concession areas and the plans for the business operation and other matters, that could occur in the future. These statements relate to analyzes and other information, based on expectations of future performance. This includes the silver- and gold production and the planned work programs. Statements concerning reserves and mineral resource estimates may also constitute forward-looking statements so far, as they involve estimates of the mineralization, in the context of the development of the mineral concession area is found. In the case of mineral reserves, such statements reflect the conclusion based on certain assumptions, that the mineral deposits can be promoted in an economically viable way.

Forward-looking statements involve a number of known and unknown risks, Uncertainties and other factors, which could cause, that could cause actual events or results to differ materially from those, to which reference is expressed or implied by such forward-looking statements regarding. These include, among other things,: Risks associated with precious metal- and base metal price fluctuations; Risks associated with the current currency fluctuations (particularly the Mexican peso, Canadian Dollar and U.S. Dollar); Risks associated with the typical hazards of mining (including circumstances and events, are not within our sphere of influence), operational and technical difficulties in the context of mineral exploration, -EXPLORATION- and conveying activities; Uncertainties in obtaining financing and funding the exploration and development of the concession areas; Uncertainties in the actual investment costs, Running costs, Production costs and economic returns; the uncertainty, whether the development activities will result in profitable mining operations; Risks associated with data on reserves and mineral resources (because they are based on estimates and assumptions and may be the actual production quantities under the conditions given the current estimates and might be the tonnage and grade of mineral reserves in the lower part of the promotion on the concession areas; Risks associated with government regulations and obtaining necessary licenses and permits; Risks associated with the business, environmental laws, regulations and subject to (lead to higher costs of doing business and restrict our operations can); Risks associated with mineral concession areas, of the previously unrecorded agreement, Transfers or any legal claims are bound; Risks associated with insufficient coverage or. Denial of liability by the insurance; Risks associated with litigation; Risks with respect to the global economy; Risks relating to the Company's status as a foreign private issuer in the United States; Risks associated with all the concession areas of the company in Mexico and El Salvador (including the political, economic, social and regulatory instability); and risks associated with the participation of directors and executives at other resource companies, which might lead to conflicts of interest. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove to be incorrect, then actual results may differ materially from those, The forward-looking statements are described in the. The forward-looking statements are based on the opinions of the company, Expectations and assumptions of management at the time the statements are made. For the above reasons, investors should not rely on forward-looking statements are unconditionally.

The information contained in this press release do not constitute a comprehensive documentation of all facts and developments in connection with the company. They should be considered in conjunction with all other published documents of the company. The information contained herein is no substitute for detailed research or analysis. The adequacy or accuracy of this information was of any securities commission or. Regulatory tested.

„J. Scott Drever“
J. Scott Drever, President
SILVERCREST MINES INC.

Contact Person:

Fred Cooper
Phone: (604) 694-1730 DW 108
Fax: (604) 694-1761
toll-free number: 1-866-691-1730
E-Mail: info@silvercrestmines.com
Website: www.silvercrestmines.com
Suite 501 – 570 Granville Street
Vancouver, BC Canada V6C 3P1

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