High Grades Confirmed At Santa Elena

VANCOUVER, BC - SilverCrest Mines Inc. reported results of further delineation underground drilling completed in Q4, 2013 at the Santa Elena Mine in Sonora, Mexico. Twenty two closely-spaced underground drill holes, totaling 1,590 meters have been completed to better define underground resources and verify widths and grades for the first planned production stopes to be mined in 2014. The results of all holes included will be part of a resource update scheduled to be completed in H2 2014.

N. Eric Fier, CPG, P.Eng., President & COO said, This underground drill program was successful in confirming good continuity of the Main Mineralized Zone (MMZ) and high grades for the initial planned production stopes to be mined in 2014. Valuable information was also provided from this program to better define overall reserves and subsequent stope designs. We look forward to successfully transitioning from our current open pit heap leach operation to underground mining with a 3000 tones per day conventional mill by H2 2014.

The drill program, with estimated 25 meter centers, confirmed the consistent continuity and geometry of the MMZ. Drill result reconciliation with previous wider-spaced drilling in this area showed comparable widths and grades.

As Santa Elena progresses into an underground operation further delineation drilling will be completed in 2014 to continue to verify production stope reserves. As of January 31, 2014, approximately 2,730 meters of underground lateral development including ramp access, 675 meters of ore development, and 430 meters of raise development had been completed by an independent contractor. Approximately 35,000 tones of ore from underground development has been delivered to the leach pad for partial metal recoveries by leaching and will be reprocessed through the nearly completed CCD/Merrill Crowe mill. With the arrival of the Company’s underground production equipment in May 2014, test stopping is scheduled for late Q2 and early Q3 2014.