SilverCrest Mines Inc. (TSX-V: SVL) is a Mexican precious metals producer with headquarters based in Vancouver, BC. SilverCrest's flagship property is the 100%-owned Santa Elena Mine, which is located 150km northeast of Hermosillo, near Banamichi in the State of Sonora, Mexico. The mine is a high-grade, epithermal gold and silver producer, with an estimated life of mine cash cost of US$8 per ounce of silver equivalent. SilverCrest anticipates that the current 2,500 tonnes per day facility will produce approximately 4.8 million ounces of silver and 179,000 ounces of gold over the 6.5 year mine life of the initial open-pit heap leach operation. A 3 year expansion plan is underway to double production.

The 15 million-ounce satellite Cruz de Mayo silver deposit is the subject of a Pre-Feasibility study. The 100+ million-ounce silver equivalent La Joya project in Durango, Mexico is a silver-copper-gold bulk tonnage target being aggressively explored.

J. Scott Drever - President and Director - 45 years of international business experience with strengths in strategic planning, mergers & acquisitions, and operations for international mining corporations such as Placer Dome Ltd., Blackdome Mining Corp., and Goldsource Mines Inc.

N. Eric Fier, CPG, P.Eng - Chief Operating Officer - 25 years of international experience in project evaluation and management, reserve estimation and economic analysis, as well as operations management with mining projects in Chile, Brazil, Honduras, Mexico and Peru with companies including Pegasus Gold Corp., Newmont Mining Corp., and Eldorado Gold Corp.

Barney Magnusson, CA - Chief Financial Officer - Over 30 years of experience as a senior officer and or director of six mining companies that have gone into production. Experienced in corporate finance and public company management.

Brent McFarlane - VP Operations - Brent McFarlane has over 25 years of diverse experience, including over 10 years in senior management positions in Latin America. He has managed all phases of open pit and underground mining projects and has been instrumental in leading projects through feasibility, construction, and into production. Mr. McFarlane previously worked as a project engineer with Pegasus Gold Corp, General Manager with Knight Piesold at Yanacocha, and Country Manager for Minefinders Corp. Ltd. in Mexico.

Jed Thomas - B.S. Geology, M.S. Economic - VP Exploration - Mr. Thomas has more than 25 years of mineral exploration and resource evaluation experience. He has led exploration programs and technical reviews for investment funds (Pacific, Hartford) and major mining firms (Newmont Mining Corp., Hecla Mining Co., Coeur de’Alene Mines Corp) on a variety of gold, copper, and silver projects, primarily focused on Mexico and South America.

Santa Elena Mine
Sonora, Mexico

*based on $1,000/oz of gold and $18/oz of silver, cut-off grade of 0.38 gpt gold equivalent with applied metallurgical recoveries.
**based on $1,000/oz of gold and $18/oz of silver, cut-off grade is 1.77 gpt gold equivalent with applied metallurgical recoveries

The Santa Elena gold and silver deposit is a 2500 tonne per day, open pit heap leach operation located approximately 150 kilometers northeast of Hermosillo, Sonora, Mexico.

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Commercial Production

• Commercial Production declared in June 2011
• 2011 production of 377,071 ounces of silver and 26,969 ounces of gold
• 2011 Silver equivalent production of 1,737,419 ounces
• Operating cash cost of US$8.35 per ounce silver equivalent.
• Projected 2012 production of 33,000 oz of Au and 430,000 oz of Ag

Expansion Plan

• 3-year expansion plan to double production and extend mine life
• Install conventional mill to increase throughput to 3,000-3,500 tpd
• Decline ramp and underground resource development
• Cruz de Mayo (satellite deposit) development for potential mill feed
• Reprocess leach pad material

Cruz de Mayo
Sonora, Mexico

***based on a silver cut-off grade of 30 gpt. This is presented in the 2007 Fier and Stewart Technical Report.

The 100%-owned Cruz de Mayo Project consists of 18,000 hectares and is located near its Santa Elena Mine in Sonora, Mexico.

• 50-hole drill program underway to reclassify and potentially expand current NI43-101 resources
• Drill program will be used to assist with the preparation of an ongoing Pre-Feasibility Study (PFS) for Cruz de Mayo as part of the Santa Elena Expansion Project
• Previous drill program confirmed a near-surface broad silver zone averaging an estimated 20 metres in thickness with grades ranging from 30.0 gpt to 111.0 gpt silver with multiple, narrower higher grade zones ranging from 489.0 gpt to 967.0 gpt silver

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La Joya – Potential large tonnage open pit Silver – Gold – Copper deposit
Durango, Mexico

* Silver equivalency includes silver, gold and copper and excludes lead, zinc, molybdenum and tungsten values. Ag:Au is 50:1, Ag:Cu is 86:1, based on 5 year historic metal price trends of US$24/oz silver, US$1200/oz gold, US$3/lb copper. 100% metallurgical recovery is assumed.
**Classified by EBA, A Tetra Tech Company and conforms to NI 43-101, 43-101CP, and CIM definitions for resources. All numbers are rounded.  Inferred Resources have been estimated from geological evidence and limited sampling and must be treated with a lower level of confidence than Measured and Indicated Resources. 
*** Mineralization boundaries used in the interpretation of the geological model and resource estimate are based on a cutoff grade of 15 gpt Ag Eq using the metal price ratios described above.

The "La Joya Property" is located approximately 75 kilometres southeast of the city of Durango, Mexico in a prolific mineralized region which currently supports several mining operations including Grupo Mexico's, San Martin Mine, Industrias Penoles,' Sabinas Mine, Pan American Silver's, La Colorada Mine and First Majestic Silver's, La Parrilla Silver Mine. Access and infrastructure near the property is considered excellent.

Purchase Details
Options to purchase 100%

• La Joya West: $2.68 million over 3 years + 2% NSR
• La Joya East: $1.5 million over 3 years + 2% NSR

Overview

• Historical work primarily by Luismin (Goldcorp) suggests similar geology and mineralization to the San Martin & Sabinas Mines – large polymetallic (Ag, Cu, Zn, Pb) producers
• Vertical veins and stockwork up to 50m wide
• Shallow dipping mineralized skarn deposits and contact zone up to 50m thick
• Typical average grades from surface samples: 90.5 g/t Ag, 0.71% Cu, 0.25 g/t Au.
• Initial 26 + 1 (27) core hole drill program (5,500 meters) tested 1km of exposed strike length.
• Initial inferred resources contain approximately 51.3 million ounces of silver, 333,400 ounces of gold (16.7 million ounce of Ag Eq.) and 270.3 million pounds of copper (33.9 million ounces Ag Eq.) for a total of 101.9 million ounces silver equivalent (Ag Eq) using a cutoff grade of 15 gpt Ag Eq.
• 2012 Budget  $3m - Phase II Drilling:  60 core holes (+10,000 metres) and 20 RVC holes (5,000 metres) currently underway

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Additional Targets Outside the Main Mineralized Trend

• Cerro Coloradito: This target lies approximately 1 kilometre west of the MMT. It has been drilled with 7 widely spaced drill holes, all of which contain significant values of Ag, Cu, Au, and Mo. Historic hole S-4 intercepted 76.2 metres from surface grading 24 gpt Ag, 0.15 gpt Au and 0.076 % molybdenum (Mo). Eight holes are proposed to further test this target by Q2 2012.
• Santo Nino: This target is approximately 1 kilometre east of the MMT and has been tested with 3 widely spaced drill holes. Historic hole S-1, intercepted 24.3 metres grading 11.8 gpt Ag, 0.45% Cu, and 0.12 gpt Au. Six holes are proposed to further test this target by Q2 2012.
• La Esperanza: This target is approximately 500 metres northeast of the MMT and contains an underground historic mine with geology and mineralization similar to the MMT. Five holes are proposed to further test this target by Q2 2012.

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Mexico is a very mineral rich endowed country with hundreds of years of mining history. The Country is one of the largest producer of silver and is ranked among the top 12 countries in silver production. Mining and Exploration companies have access to a skilled workforce. Mexico allows 100% foreign capital investment and is considered politically and financially stable.

COMPETITIVE ADVANTAGES TO BUSINESS IN MEXICO

Free trade agreements with major economies (U.S., Canada, Europe, among others)

Political and financial stability

North American style Legal & Accounting system

100% Foreign Capital Allowed

Wide and modern communications and transportation infrastructure

Highly qualified human resources

Strategic geographical location

Shares issued and outstanding: 87,134,179

Fully Diluted: 99,011,679

Management and Key Shareholders (fully diluted):

J. Scott Drever, President: 2,691,226

Barney Magnusson, CFO: 2,870,727

N. Eric Fier, COO: 2,457,027

Sprott Asset Management: 10.4%

Macquarie Bank (+ Warrants): 7%

Wellington Capital (Boston): 6%