SilverCrest Drilling Update for Santa Elena Mine

SilverCrest Drilling Update for Santa Elena Mine 
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 11/13/12 --
Amex:SVLC) (the "Company") is pleased to announce the completion of
further drilling at the Santa Elena Mine in Sonora, Mexico. The
drilling of 5 core and 16 RVC holes was completed to define several
objectives (see attached Figure: in a planned 110
hole program including; 1) confirm tonnage and grade of the remaining
open pit reserves for Life of Mine Plan (Holes SERCP-1A to
SERCP-11V), 2) test further mineralization below the current open pit
plan (Holes SERCH12-36 to SERCP-SERCP38), 3) test newly identified
mineralization in the NW highwall of the open pit (Holes SE12-97 to
SE12-101), and 4) re-categorize and expand current underground
Resources. To date, this drill program has been successful and will
assist with resource confirmation, conversion, and inclusion in the
upcoming Pre-Feasibility Study for the Santa Elena Expansion Project. 
Gold and silver values in the SERCP and SE series of holes range from
0.13 gpt to 8.6 gpt gold and 17.4 to 244.0 gpt silver. Mineralized
intervals range from 6.0 metres to 52.0 metres. All mineralized drill
intercepts are near true thicknesses for undesignated angled holes or
those designated as "A", with vertical holes designated as "V"
representing apparent thickness. The most significant intercepts are
52 metres grading 2.19 gpt Au and 95.5 gpt Ag (Hole SERCP-9V) and 16
metres grading 6.18 gpt Au and 103.4 gpt Ag (Hole SERCP-11A) which
are apparent and true thicknesses respectively. The most significant
assay results in this series of holes are shown in the following

             From       To Interval       Au       Ag                       
Hole ID       (m)      (m)      (m)      gpt      gpt                   Note
SERCP-1A     18.0     34.0     16.0     1.91     58.4            In-Fill Pit
SERCP-2A     30.0     62.0     32.0     0.93     47.7            In-Fill Pit
SERCP-2V     76.0     96.0     20.0     0.13     17.4            In-Fill Pit
SERCP-4A     36.0     48.0     12.0     2.32    130.0            In-Fill Pit
SERCP-4V     62.0     78.0     16.0     1.43     87.5            In-Fill Pit
SERCP-5A     48.0     54.0      6.0     2.11    108.3            In-Fill Pit
SERCP-5V     70.0     86.0     16.0     0.18     22.0            In-Fill Pit
SERCP-7A     34.0     50.0     16.0     5.09    232.0            In-Fill Pit
SERCP-7V     64.0     80.0     16.0     2.87    170.6            In-Fill Pit
SERCP-9A     30.0     42.0     12.0     5.97    185.2            In-Fill Pit
SERCP-9V     38.0     90.0     52.0     2.19     95.5            In-Fill Pit
SERCP-11A    30.0     46.0     16.0     6.18    103.4            In-Fill Pit
SERCP-11V    44.0     68.0     24.0     3.76    178.6            In-Fill Pit
SERCH12-36  148.0    160.0     12.0     2.70    187.5  Santa Elena U/G South
SERCH12-37  174.0    184.0     10.0     1.30    225.0  Santa Elena U/G South
SERCH12-38  160.0    170.0     10.0     0.24     18.0  Santa Elena U/G South
SE12-97      68.0     69.0      1.0     1.51     51.0         Santa Elena NW
SE12-98      87.5     88.9      1.4     8.60    244.0         Santa Elena NW
             97.4    102.3      4.9     5.10    118.0         Santa Elena NW
SE12-99      12.5     14.0      1.5     2.40     12.0         Santa Elena NW
             99.5    100.5      1.0     1.40     49.0         Santa Elena NW
(i) all numbers are rounded                                                 

All sample analyses were completed by the Santa Elena onsite
laboratory with checks at ALS Chemex in Hermosillo, Mexico and North
Vancouver, BC. The consistent thickness of certain intervals in a
number of the holes is a result of the sampling procedures utilized
in reverse circulation drilling. 
In-Fill Pit holes confirmed the projection of higher grades expected
to be mined in the open pit in 2013 to 2014. These holes are being
used to update the Life of Mine Plan and open pit reserves to be
included in production budgets and the Pre-Feasibility Study for the
Expansion Plan. 
Holes drilled in Santa Elena U/G South show increased potential for
new underground resources below the pit and are being incorporated
into the new resource model and Expansion PFS. Further drilling is
anticipated in 2013. 
Santa Elena NW holes SE12-97 to SE12-99 intercepted high grade values
over 1 to 4 metres wide. These intercepts along with in-pit ore
control holes in the NW wall of the pit suggest a possible new
underground target. Holes SE12-100 and 101 were drilled on separate
targets but did not intercept significant mineralization. Further
drilling is anticipated in 2013. 
Sixty six holes have been completed to date for underground resource
conversion to reserves and expansion. Results of these holes will be
released once compilation of results is complete. Three drills are
currently on site to complete drilling by the end of 2012. Revised
Santa Elena Resources and Reserves are expected along with the PFS in
Q1 2013. This program has been extended to achieve required drilling
to assist with the conversion of Resources to Reserves and
potentially expand known Resources. 
The Qualified Person under National Instrument (NI 43-101) Standards
of Disclosure for Mineral Projects for this News Release is N. Eric
Fier, CPG, P.Eng, and Chief Operating Officer for SilverCrest Mines
Inc., who has reviewed and approved its contents.  
Amex:SVLC) is a Canadian precious metals producer headquartered in
Vancouver, BC. SilverCrest's flagship property is the 100%-owned
Santa Elena Mine, located 150 km 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 (55:1 Ag:Au).
SilverCrest anticipates that the 2,500 tonnes per day facility should
recover approximately 4,805,000 ounces of silver and 179,000 ounces
of gold over the 6.5 year life of the open pit phase of the Santa
Elena Mine. A three year expansion plan is underway to double metals
production at the Santa Elena Mine and exploration programs are
rapidly advancing the definition of a large polymetallic deposit at
the La Joya property in Durango State.  
This news release contains "forward-looking statements" within the
meaning of Canadian securities legislation and the United States
Securities Litigation Reform Act of 1995. Such forward-looking
statements concern the Company's anticipated results and developments
in the Company's operations in future periods, planned exploration
and development of its properties, plans related to its business and
other matters that may occur in the future. These statements relate
to analyses and other information that are based on expectations of
future performance, including silver and gold production and planned
work programs. Statements concerning reserves and mineral resource
estimates may also constitute forward-looking statements to the
extent that they involve estimates of the mineralization that will be
encountered if the property is developed and, in the case of mineral
reserves, such statements reflect the conclusion based on certain
assumptions that the mineral deposit can be economically exploited.  
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 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 to raise financing and 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; risks related to
governmental regulations and obtaining necessary licenses and
permits; risks related to the business being subject to environmental
laws and regulations which may increase costs of doing business and
restrict our operations; risks related to mineral properties being
subject to prior unregistered agreements, transfers, or claims and
other defects in title; risks relating to inadequate insurance or
inability to obtain insurance; risks related to potential litigation;
risks related to the global economy; risks related to the Company's
status as a foreign private issuer in the United States; risks
related to all of the Company's properties being located in Mexico
and El Salvador, including political, economic, social and regulatory
instability; and risks related to officers and directors becoming
associated with other natural resource companies which may give rise
to conflicts of interests. 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 information provided in this news release is not intended to be a
comprehensive review of all matters and developments concerning the
Company. It should be read in conjunction with all other disclosure
documents of the Company. The information contained herein is not a
substitute for detailed investigation or analysis. No securities
commission or regulatory authority has reviewed the accuracy or
adequacy of the information presented. 
J. Scott Drever, President       
Neither TSX Venture Exchange nor its Regulation Services Provider (as
defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release. 
SilverCrest Mines Inc.
Fred Cooper
(604) 694-1730 ext. 108 or Toll Free: 1-866-691-1730
(604) 694-1761 (FAX)
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