SilverCrest (TSX: SVL) (NYSE MKT: SVLC) Announces Record Production in Q1, 2015

Mining Stocks News: SilverCrest (TSX: SVL) (NYSE MKT: SVLC) Announces Record Production in Q1, 2015

465,391 Ounces Silver and 13,255 Ounces Gold

Vancouver, BC - April 13, 2015 (Investorideas.com Mining Stocks Newswire) SilverCrest Mines Inc. (TSX:SVL) (NYSE MKT: SVLC) is pleased to announce record silver and gold production results for the first quarter ("Q1") of 2015 from its 100% owned Santa Elena Mine located in Sonora, Mexico. Record production of 1,349,527 ounces silver equivalent ("AgEq") for Q1 2015 is in line with 2015 corporate budget forecasts and the production guidance announced on January 15, 2015. For additional information and to view photos and videos of the Company's Santa Elena Mine, please visit the Company's website at www.silvercrestmines.com.

Production Highlights of Q1, 2015, vs. Q1, 2014;

·        Silver production record of 465,391 ounces; a 131% increase.

·        Gold production record of 13,255 ounces; a 76% increase.

·        AgEq(3) production record of 1,349,527 ounces; a 92% increase. (1,196,842 ounces AgEq(3) sold).

·        Average mill throughput of 3,015 tonnes per day ("tpd"); in line with nominal capacity of 3,000 tpd.

·        Average silver and gold recovery rates(2) of 60% and 91%, respectively.

·        Bullion inventory at the end of Q1 2015 included 82,445 ounces of silver and 2,524 ounces of gold.

N. Eric Fier, Chief Operating Officer, stated; "We are very pleased that Santa Elena has started 2015 strongly with record production of 1,349,527 AgEq(3) ounces, representing an increase of 92% over Q1, 2014, and 35% over Q4, 2014. Since the beginning of 2015, we have seen a dramatic improvement with mining of underground stopes, and consider the underground operations to have been substantially de-risked. During Q1, 2015, recovery rates for silver in the mill were lower than anticipated, but several improvements being implemented are expected to enable us to achieve our 2015 target recovery rate of 70%. We are continuing our optimization of the processes to improve efficiencies throughout every facet of the operation. Today's announcement marks the first step of reaching our target of 4.0 – 4.4 million AgEq(3) ounces for 2015. SilverCrest remains attentive to strict cost controls to maintain positive cash flows at current metal prices."

(1) Silver and gold ounces produced for Q1 2014 consist of ounces recovered from the leach pad which commenced decommissioning during Q2 2014.

(2) Estimated recoveries for Q1, 2015 and Q4, 2014 are as reported, based on calculated grade.

(3) Silver equivalent ("AgEq") ratio for Q1, 2015 of 66.7 was calculated using metal prices of $1,200/oz for gold and $18/oz for silver. For consistency with, comparative periods, the AgEq ratio reported during 2014 was changed from 60:1 to 66.7:1.

During Q1, 2015, the mill processed a quarterly record of 271,392 tonnes, with a daily average of 3,015 tpd. The plant processed 48% higher grade fresh ore (blended mix of open pit and underground ore) and 52% leach pad ore ("pad ore"). The average blended grades processed during Q1, 2015 for fresh ore were 124.78 grams per tonne ("gpt") silver and 2.55 gpt gold, and for pad ore grades were 54.80 gpt silver and 0.85 gpt gold.

Final shutdown of the Santa Elena open pit operations due to exhausted pit reserves is planned for Q2, 2015. After shutdown of the open pit, a mill feed blend of 50% underground ore and 50% pad ore is anticipated.

Mill recovery rates for Q1, 2015 averaged 91% (target – 92%) for gold and 60% (target – 70%) for silver. The current operational focus continues to be improving silver recoveries and underground stope production. During Q1, 2015, a daily average of 1,080 tpd was mined underground. Current development and stope production for April is approximately 1,400 tpd from multiple stopes.

Release of First Quarter, 2015 Financial Results and Conference Call

SilverCrest plans to release its unaudited first quarter financial statements and MD&A after market close on Wednesday May 13, 2015. A telephone conference call to discuss these results will be held at 10am PDT (1pm EDT) on Thursday, May 14, 2015.

The Qualified Person under National Instrument 43-101 – Standards of Disclosure for Mineral Projects for this news release is N. Eric Fier, CPG, P.Eng, Chief Operating Officer for SilverCrest Mines Inc., who has reviewed and approved its contents.

Read this release in full at http://www.investorideas.com/CO/SVL/news/2015/04131.asp

SilverCrest Mines Inc. (NYSE MKT: SVLC; TSX: SVL) is a Canadian precious metals producer headquartered in Vancouver, BC . SilverCrest's flagship property is the 100%owned Santa Elena Mine, located 150 kilometres northeast of Hermosillo , near Banamichi in the State of Sonora , Mexico. The mine is a highgrade, epithermal silver and gold producer, with a current reserve estimated life of mine of 8 years and average operating cash costs of $12 per ounce of silver equivalent (64.5:1 Ag:Au based on ounces sold). SilverCrest anticipates the 3,000 tonnes per day conventional mill facility at the Santa Elena Mine should recover an average of 1.6 million ounces of silver and 33,800 ounces of gold per annum over the current reserve life. Exploration programs continue to result in discoveries at Santa Elena and have advanced the definition of a large polymetallic deposit at the La Joya property in Durango State, Mexico.

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

This news release contains "forward-looking statements" within the meaning of Canadian securities legislation and the United States Securities Litigation Reform Act of 1995. These include, without limitation, statements with respect to: the economic viability of a project; strategic plans and expectations for the development of the Company's operations and properties; estimates of mineral reserves and mineral resources; the amount of future production of gold and silver over any period; the amount of expected grades and ounces of metals and minerals; expected cash operating costs and outflows; life of mine and prices of metals and minerals.

These forward-looking statements relate to analyses and other information that are based on, without limitation, the following estimates and assumptions: presence of and continuity of metals at the Company's projects; cost of production and productivity levels at the Santa Elena Mine; availability and costs of mining equipment and skilled labour; accuracy of the interpretations and assumptions used in calculating reserve and resource estimates; operations not being disrupted or delayed by unusual geological or technical problems; and ability to develop and finance projects.

Forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors which could cause actual events or results to differ from those expressed or implied by the forward-looking statements, including, without limitation: risks related to precious and base metal price fluctuations; risks related to the fluctuations in the price of consumed commodities; risks related to fluctuations in the currency markets (particularly the Mexican peso, Canadian dollar and United States dollar); risks related to the inherently dangerous activity of mining, including conditions or events beyond our control, and operating or technical difficulties in mineral exploration, development and mining activities; uncertainty in the Company's ability fund the exploration and development of its mineral properties; uncertainty as to actual capital costs, operating costs, production and economic returns, and uncertainty that development activities will result in profitable mining operations; risks related to reserves and mineral resource figures being estimates based on interpretations and assumptions which may result in less mineral production under actual conditions than is currently estimated and to diminishing quantities or grades of mineral reserves as properties are mined; and risks related to governmental regulations and obtaining necessary licenses and permits.

Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in the forward-looking statements. The Company's forward-looking statements are based on beliefs, expectations and opinions of management on the date the statements are made. For the reasons set forth above, investors should not place undue reliance on forward-looking statements. The Company undertakes no obligation to update or revise any forward-looking statements, except as otherwise required by applicable law.

Contact:

Fred Cooper
Telephone: (604) 694-1730 ext. 108
Fax: (604) 694-1761
Toll Free: 1-866-691-1730
Email: info@silvercrestmines.com
Website: www.silvercrestmines.com
Suite 501 - 570 Granville Street, Vancouver, BC Canada V6C 3P1

Visit this company: SilverCrest Mines Inc.

Published at Investorideas.com Newswire

Disclaimer/Disclosure: The Investorideas.com newswire is a third party publisher of news and research as well as creates original content as a news source. Original content created by investorideas is protected by copyright laws other than syndication rights. Investorideas is a news source on Google news and Linkedintoday plus hundreds of syndication partners. Our site does not make recommendations for purchases or sale of stocks or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated by featured companies, news submissions, content marketing and online advertising. Contact each company directly for press release questions. Disclosure is posted on each release if required but otherwise the news was not compensated for and is published for the sole interest of our readers. Disclosure: SilverCrest Mines has compensated Investorideas.com for the distribution and publishing of this news release (annual news publication 9700) http://www.investorideas.com/About/Disclaimer.asp

BC Residents and Investor Disclaimer : Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894

Garibaldi (TSX.V: GGI) To Drill High-grade Zone At La Patilla

Garibaldi (TSX.V: GGI) To Drill High-grade Zone At La Patilla

Vancouver, British Columbia - April 10, 2015 (Investorideas.com Mining stocks newswire) Garibaldi Resources Corp. (TSX.V: GGI) (the "Company" or "Garibaldi") is pleased to report that a diamond drill rig has been mobilized to begin a follow-up program at a high-grade gold zone discovered last year at the La Patilla Property in Sinaloa, Mexico.

The final hole of 2014 drilling at the main zone at La Patilla, LP-14, intersected 10.4 g/t Au over 8.5 meters within a broader 30-meter interval grading 3.1 g/t Au at a depth between 11 and 41 meters.

Immediate objectives of this program are as follows:

·        To offset drill intercepts in the area of LP-14 and test for continuity of the high-grade structure along strike;

·        To test for depth extensions to the mineralized structures identified in the previous program;

·        To test the potential of the La Patilla vein system along strike.

Meanwhile, Garibaldi crews continue to stockpile mineralized material at La Patilla for an initial mill feed test at Gainey Capital’s processing facility approximately 40 miles to the southeast.

Steve Regoci, Garibaldi President and CEO, commented: "From Rodadero to La Patilla we continue moving forward on all fronts in Mexico. The La Patilla gold project has a very opportunistic profile with shallow drill targets and potential for near-term exploitation, so we look forward to building shareholder value as we advance these initiatives. In addition, invaluable exploration protocols gained in Mexico will complement the 2015 launch, now underway, of our fully-funded B.C. projects led by the Grizzly in the prolific Sheslay district.”

Corporate Fact Sheet

To view the updated corporate Fact Sheet for Garibaldi Resources, please visit the following URL: http://www.garibaldiresources.com/i/pdf/GGI_Factsheet.pdf

Qualified Person

Dr. Craig Gibson, Certified Professional Geologist and a director of Garibaldi, is a non-arms-length Qualified Person for the Company’s Mexico projects and the direct manager of the technical programs operated under contract by Prospeccion Y Desorrollo Minera del Norte (ProDeMin). Dr. Gibson has reviewed this news release and approved the contents thereof.

Read this release in full at http://www.investorideas.com/news/2015/mining/04101.asp

About Garibaldi

Garibaldi Resources Corp. is an active Canadian-based junior exploration company focused on creating shareholder value through discoveries and strategic development of its assets in some of the most prolific mining regions in Mexico and British Columbia.

We seek safe harbor.

GARIBALDI RESOURCES CORP .

Per: "Steve Regoci"

Steve Regoci, President

Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or the accuracy of this release.

This news is published on the Investorideas.com Newswire and its syndicated partner network

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Disclaimer/Disclosure: The Investorideas.com newswire is a third party publisher of news and research as well as creates original content as a news source. Original content created by investorideas is protected by copyright laws other than syndication rights. Investorideas is a news source on Google news and Linkedintoday plus hundreds of syndication partners. Our site does not make recommendations for purchases or sale of stocks or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated by featured companies, news submissions, content marketing and online advertising. Contact each company directly for press release questions. Disclosure is posted on each release if required but otherwise the news was not compensated for and is published for the sole interest of our readers. More disclaimer info: http://www.investorideas.com/About/Disclaimer.asp The following is a paid for news release.

Disclosure : GGI NEWS RELEASE was paid for publishing by third party ($75)

BC Residents and Investor Disclaimer: Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894. Global investors must adhere to regulations of each country.

SilverCrest (TSX: SVL) (NYSE MKT: SVLC) Announces Update to Santa Elena Pre-Feasibility Study; Pre-Tax Base Case NPV (5%) of $144 Million, Replaces Reserves and Renews 8 Year Mine Life

Mining Stocks News: SilverCrest (TSX: SVL) (NYSE MKT: SVLC) Announces Update to Santa Elena Pre-Feasibility Study; Pre-Tax Base Case NPV (5%) of $144 Million, Replaces Reserves and Renews 8 Year Mine Life

Vancouver, BC - April 1, 2015 (Investorideas.com Mining Stocks Newswire) SilverCrest Mines Inc. (TSX:SVL) (NYSE MKT: SVLC) is pleased to announce that it has filed a Technical Report prepared in compliance with National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101") titled, "Update to Santa Elena Pre-Feasibility Study, Sonora, Mexico " (the "UPFS"), for its operating Santa Elena mine. The UPFS updates the Santa Elena Pre-Feasibility Study and Open Pit Resource Update, dated effective April 30, 2013, as amended March 4, 2014 (the "2013 PFS"). Summaries of the updated Reserves and Resources, Life of Mine Plan ("LOMP"), operating costs, sustaining capital costs and 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 December 31, 2014 and is available on the Company's website, www.silvercrestmines.com and under the Company's profile on SEDAR at www.sedar.com.

The Base Case economic analyses use a range of metal prices per ounce for gold and silver. For gold prices, the range is defined as $1,250 (2015), $1,275 (2016) and $1,300 (2017 – 2022) and for silver prices the range is defined as $18 (2015), $19 (2016), $20 (2017) and $21 (2018 – 2022). On this basis, the following economic highlights for a continued 8 year mine life beginning January 2015 are:

·        Total operating revenue of $555 million from estimated sales of 12.6 million ounces of silver and 270,700 ounces of gold.

·        Total operating costs of $349 million.

·        Estimated cash operating costs averaging $11.59 per silver equivalent ("AgEq") ounce (Ag:Au average ratio of 64.5:1 based on sold ounces for LOMP).

·        Total sustaining capital costs of $31 million including LOMP underground drilling programs and 2015 surface exploration expenditures.

·        Total pre-tax undiscounted cash flow of $163 million including estimated closure cost deductions of $6 million.

·        Pre-tax Base Case pre-tax NPV (5%) of $144 million.

·        Post-tax Base Case post-tax NPV (5%) of $119 million.

Metal price sensitivities were completed including spot price as $1,193 /oz Au and $16.16 /oz Ag (representing spot price in December, 2014) which showed a pre-tax NPV (DCF @ 5%) of $84.3 million.

J. Scott Drever, Chief Executive Officer, stated; "We are extremely pleased with the results of the reserve and economic update for the Santa Elena mine. The study confirms our expectations that the transition from the open pit heap leach operation to a conventional mill and underground operation represents a very attractive project with robust economics even at current reduced metal prices. The renewal of an 8 year mine life gives SilverCrest a strong corporate cash flow that provides a solid foundation for continued systematic and aggressive growth. We look forward to a year of continuing operational and financial improvements in 2015 with expansion of our annual metals production at Santa Elena."

MINERAL RESERVES AND RESOURCE ESTIMATES AT DECEMBER 31, 2014

Update to Mineral Reserve and Resource are shown in the table below. Only Indicated Resources were used in estimating the Mineral Reserves related to the UPFS mine plan, schedule and economic analyses. In summary, Total updated Probable Reserves at Santa Elena are 7.45 million tonnes grading 1.23 gpt Au and 78.4 gpt Ag, containing 295,000 ounces of gold and 18.76 million ounces of silver. This represents an overall minimal decrease of 10% in contained gold and 5% in contained silver over previous Probable Reserves stated in the 2013 PFS even after reserve depletion by mining and decreased metal prices. Updated Indicated Resources (exclusive of Probable Reserves) are estimated at 1.12 million tonnes grading 1.39 gpt Au and 89.7 gpt Ag, containing 50,000 ounces of gold and 3.22 million ounces of silver. This represents a 57% decrease in contained gold ounces and 59% decrease in contained silver ounces over previous Indicated Resources. Updated Inferred Resources are estimated at 0.56 million tonnes grading 1.69 gpt Au and 106.5 gpt Ag, containing 31 thousand ounces of gold and 1.9 million ounces of silver. This represents a 57% decrease in contained gold ounces and 74% decrease in contained silver ounces. The differences in UPFS Reserves and Resources from the 2013 PFS are based on:

·        A minimal decrease of overall Probable Reserves even after mining depletion over the last 1¾ years and changes in metal price (cut off grade analysis) from the 2013 PFS of $1,450 per ounce of gold to $1,300 and from $28 per ounce of silver to $19.50 .

·        Underground Probable Reserves have increased 8% in contained ounces of gold and 8% in contained ounces of silver subsequent to the 2013 PFS and 2014 underground mining depletion.

·        Newly-defined El Cholugo underground Probable Reserve of an estimated 252,000 tonnes grading 2.58 gpt Au and 147.0 gpt Ag. This high grade zone is immediately adjacent to current underground development and has been exposed on several levels for easy access and planned mining in 2016. This zone is open in most directions and is a 2015 priority for further resource expansion with potential for conversion to reserves.

·        An 85% decrease in open pit Probable Reserves due to depletion from mining from April, 2013 and some transfer to underground reserves. Open pit was shut down in April, 2014 and reopened in January, 2015.

·        An 18% increase in leach pad Probable Reserves with continuation of open pit mining in 2013 and 2014 and partial leaching (300 day leach cycle) of ore.

·        Indicated and Inferred Resources decreased based on conversion to Reserves, lower base case metal prices, updated geological modelling with detailed infill drilling, and changes in geostatistical parameters (smaller search radius) based on more exploration and production data, including infill drilling data generated in 2013 and 2014.

·        Reserve replacement for a renewal of an 8 year mine life, even after mining depletion from 2013 and 2014.

Note: All numbers are rounded. Underground and Leach Pad Reserves and Resources are based on LOMP metal price trends of $19.50/oz silver, $1,300/oz gold and metallurgical recoveries of 92% Au and 67.5% Ag. All Mineral Resources and Reserves conform to NI 43-101 and Canadian Institute of Mining, Metallurgy and Petroleum definitions for Resources and Reserves. Inferred Resources have been estimated from geological evidence and limited sampling and must be treated with a lower level of confidence than Indicated Resources.

* Underground Probable Reserve is based on a cutoff grade of 2.49 gpt AuEq with an estimated average 10% dilution and 90% mine recovery. Average true thickness of the designed stopes is 10 metres.

** Open Pit Reserve is based on a cutoff grade of 0.20 gpt AuEq in a constrained pit shell with applied capping of 8 gpt Au and 300 gpt Ag.

*** Leach Pad Reserve is based on production and drill hole data for volumetrics and grade model using a cutoff grade of 0.5 gpt AuEq. No capping was applied.

****Mineral Resources exclude Mineral Reserves and are based on a 1.5 gpt AuEq cut off grade using assumptions for prices and recoveries as stated in note above. Capping was applied at 12 gpt Au and 700 gpt Ag.

LOMP

The Santa Elena mine life with update to Reserves is scheduled to continue for 8 years at nominal milling rate of 3,000 tonnes per day with reduced throughput in the last two years upon depletion of leach pad reserves. The mine schedule is based on mining long hole stopes (89% by reserve volume) early in the mine life at attractive lower costs with small reserve being mined using cut and fill stopes (11% by reserve volume) being mined towards the end of the mine schedule. The 2013 PFS showed long hole and cut and fill stopes were 69% and 31% by volume, respectively. The average width of proposed optimized stopes is 10 metres, which is advantageous for lower cost bulk mining methods. SilverCrest envisions a continued blending strategy during operations at variable rates for mill feed to achieve optimum throughput. A summary of the mine and production schedule is presented below with proposed initial blending strategy.

Note: All numbers rounded.

*Ounces based on sold, not insitu Reserve.

LOMP OPERATING COSTS

The operating cost estimates stated below were compiled using Santa Elena mine site operating experience, SilverCrest financial and operational reports, recent contractor quotes, other local producing mines and industry estimations in Mexico to a Pre-Feasibility level.

1 Long hole stopes are 89% of designed stopes by volume and cut & fill stopes are 11% of designed stopes by reserve volume. Includes adjustment for exchange ratio impact in the mining costs and excludes ore development costs.

2 Mining cost of spent ore on leach pad is covered under processing costs.

3 Processing cost includes crushing, milling, site refining and dry stack tailings disposal.

4 Estimated based on current operations and may vary on an annual basis. A 4% annual inflation rate has been applied to general and administrative costs.

Ore development costs are estimated at $36 /T ore and represent approximately 6% of total underground ore planned to be mined during LOMP.

LOMP SUSTAINING CAPITAL COSTS

The sustaining capital cost estimates stated below are based on internal estimates for remaining capital expenses over life of mine.

Note: All numbers rounded.

UPFS ECONOMIC ANALYSES

UPFS economic analyses were completed for both pre-tax and post-tax. Base Case pre-tax and post-tax results are stated as follows:

Note: All numbers rounded.

1 Sandstorm to be delivered an estimated 54,000 ounce of gold over remaining LOMP.

2 The financial model adopted a range of realized spot prices from 2015 to 2022. Gold prices ranged from $1,250 to $1,300 per ounce and silver prices ranged from $18 to $21 per ounce.

3 Excludes 0.5% governmental environmental fee of an estimated $3 million.

4 Approximate operating cost per AgEq ounce sold varies between $9 and $16 over the life of mine.

5 All LOMP underground drilling costs and only 2015 surface program costs included.

6 Excludes sunk costs, up to December 31, 2014.

The economic analyses considers SilverCrest delivering 54,133 ounces of gold to Sandstorm Gold Ltd. ("Sandstorm") at an average price of $412 per ounce ( $350 to $450 per ounce with annual 1% inflationary increases) under the Sandstorm Purchase Agreement (the "Purchase Agreement") executed on May 14, 2009 . The Purchase Agreement included an option for Sandstorm to participate in the Santa Elena underground mine, which Sandstorm had elected to exercise in February 2014. The Purchase Agreement only applies to the original Santa Elena concessions and excludes recent regional acquisitions.

UPFS RECOMMENDATIONS

Further optimization of the mine schedule is warranted to investigate continued grade optimization versus stoping costs (long hole or cut and fill), potential to expand and accelerate increased underground production with a second ramp and expand resources with subsequent reserves. Mineralization at Santa Elena is open in most directions with excellent potential to further increase resources and reserves for increased production and mine life. Further infill and expansion drilling is recommended. El Cholugo zone located immediately adjacent to the Main Mineralized Zone is a priority target in 2015 for potential resource and reserve expansion. Silver recoveries in the new plant facility need further metallurgical work to potentially increase recovery rates. Recommended budget for further work is estimated at $5 million to be spent over several years.

The Qualified Person for the Technical Report and who has reviewed and approved the content of this news release is N. Eric Fier , CPG, P.Eng, Chief Operating Officer of the Company.

Read this release in full at http://www.investorideas.com/CO/SVL/news/2015/04011.asp

SilverCrest Mines Inc. (NYSE MKT: SVLC; TSX: SVL) is a Canadian precious metals producer headquartered in Vancouver, BC . SilverCrest's flagship property is the 100%owned Santa Elena Mine, located 150 kilometres northeast of Hermosillo , near Banamichi in the State of Sonora , Mexico. The mine is a highgrade, epithermal silver and gold producer, with a current reserve estimated life of mine of 8 years and average operating cash costs of $12 per ounce of silver equivalent (64.5:1 Ag:Au based on ounces sold). SilverCrest anticipates the 3,000 tonnes per day conventional mill facility at the Santa Elena Mine should recover an average of 1.6 million ounces of silver and 33,800 ounces of gold per annum over the current reserve life. Exploration programs continue to result in discoveries at Santa Elena and have advanced the definition of a large polymetallic deposit at the La Joya property in Durango State, Mexico.

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

This news release contains "forward-looking statements" within the meaning of Canadian securities legislation and the United States Securities Litigation Reform Act of 1995. These include, without limitation, statements with respect to: the economic viability of a project; strategic plans and expectations for the development of the Company's operations and properties; estimates of mineral reserves and mineral resources; the amount of future production of gold and silver over any period; the amount of expected grades and ounces of metals and minerals; expected cash operating costs and outflows; life of mine and prices of metals and minerals.

These forward-looking statements relate to analyses and other information that are based on, without limitation, the following estimates and assumptions: presence of and continuity of metals at the Company's projects; cost of production and productivity levels at the Santa Elena Mine; availability and costs of mining equipment and skilled labour; accuracy of the interpretations and assumptions used in calculating reserve and resource estimates; operations not being disrupted or delayed by unusual geological or technical problems; and ability to develop and finance projects.

Forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors which could cause actual events or results to differ from those expressed or implied by the forward-looking statements, including, without limitation: risks related to precious and base metal price fluctuations; risks related to the fluctuations in the price of consumed commodities; risks related to fluctuations in the currency markets (particularly the Mexican peso, Canadian dollar and United States dollar); risks related to the inherently dangerous activity of mining, including conditions or events beyond our control, and operating or technical difficulties in mineral exploration, development and mining activities; uncertainty in the Company's ability fund the exploration and development of its mineral properties; uncertainty as to actual capital costs, operating costs, production and economic returns, and uncertainty that development activities will result in profitable mining operations; risks related to reserves and mineral resource figures being estimates based on interpretations and assumptions which may result in less mineral production under actual conditions than is currently estimated and to diminishing quantities or grades of mineral reserves as properties are mined; and risks related to governmental regulations and obtaining necessary licenses and permits.

Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in the forward-looking statements. The Company's forward-looking statements are based on beliefs, expectations and opinions of management on the date the statements are made. For the reasons set forth above, investors should not place undue reliance on forward-looking statements. The Company undertakes no obligation to update or revise any forward-looking statements, except as otherwise required by applicable law.

Contact:

Fred Cooper
Telephone: (604) 694-1730 ext. 108
Fax: (604) 694-1761
Toll Free: 1-866-691-1730
Email: info@silvercrestmines.com
Website: www.silvercrestmines.com
Suite 501 - 570 Granville Street, Vancouver, BC Canada V6C 3P1

Visit this company: SilverCrest Mines Inc.

Published at Investorideas.com Newswire

Disclaimer/Disclosure: The Investorideas.com newswire is a third party publisher of news and research as well as creates original content as a news source. Original content created by investorideas is protected by copyright laws other than syndication rights. Investorideas is a news source on Google news and Linkedintoday plus hundreds of syndication partners. Our site does not make recommendations for purchases or sale of stocks or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated by featured companies, news submissions, content marketing and online advertising. Contact each company directly for press release questions. Disclosure is posted on each release if required but otherwise the news was not compensated for and is published for the sole interest of our readers. Disclosure: SilverCrest Mines has compensated Investorideas.com for the distribution and publishing of this news release (annual news publication 9700) http://www.investorideas.com/About/Disclaimer.asp

BC Residents and Investor Disclaimer : Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894