The Gold Report

SilverCrest Mines Inc. TICKER: SVL:TSX.V; STVZF:OTCQX Visit Company Website SilverCrest Mines Inc. is a Mexican precious metals producer. Its flagship property is the 100%-owned Santa Elena mine. The mine is a high-grade, epithermal gold and silver deposit, and the company anticipates that the current 2,500 tpd facility will produce approximately 4.8 Moz silver and 179 Koz gold over the 6.5-year mine life of the initial open-pit heap leach operation. A three-year expansion plan is underway to double production. The Cruz de Mayo silver satellite deposit is the subject of a prefeasibility study. The 100+ Moz Ag eq La Joya project is a silver-copper-gold bulk tonnage target that is being aggressively explored.

The information provided below is from analysts, newsletters and other contributors. Please contact the company and visit its website before making an investment decision.

Expert Analysis

Greg McCoach, Mining Speculator (2/1/12) "SilverCrest Mines Inc. moved up to number 2 on our Top 10 List based on exciting new drill results. . .the big news is what is happening at the La Joya project. . .based on results thus far, it could be the next new discovery and a game changer for the company. . .I can tell you that the principles of Silver Crest are very excited about the blue-sky potential at La Joya. . .the main mineralized trend, which includes the phase I and II drilling areas, has an overall length of 2.5km and an average minimum width of 500m! Please read that again as this could quickly become a new story of major significance very quickly. . .these are exciting times for the company, both from a production standpoint and for major exploration opportunity in the near future. . .Silver Crest is a great value at current levels and shrewd investors will soon come piling in."

Clive Maund, Clive Maund gold, silver, & oil shares (2/1/12) "SilverCrest Mines Inc. is believed to have much further to go on this run, as it has broken out above all resistance and is now 'in the clear,' which has opened up the possibility of a rapid and substantial advance, due also to the combination of a positive outlook for silver and precious metals stocks at this time coupled with the companies' excellent fundamentals. . . with no more overhead resistance, the company is in a position to power higher in favorable market conditions, which is not surprising considering that it has expanded its resource base substantially and is doing everything right."

Morning Coffee (1/24/12) "SilverCrest Mines Inc. had a nice bounce on an updated resource estimate. . .the company reported an updated combined resource including the recently updated La Joya resource of 21.6 Moz silver in the probable category, 9.2 Moz silver in the Indicated category and 126 Moz silver in the Inferred category using a cutoff of 30 g/t silver. The company plans an additional six core holes on the Santa Elena underground deposit beginning in Q112; the drilling will assist in further delineating the existing underground resources and potentially expand the resources."

Nicholas Campbell, Canaccord Genuity (1/23/12) "SilverCrest Mines Inc. plans to drill an additional 6 core holes on the Santa Elena underground deposit to further delineate and expand the resource. . .a prefeasibility study is currently underway to determine the recoveries of the Cruz de Mayo ore at the conventional mill proposed for Santa Elena. . .these upcoming potential catalysts should continue to help drive value for the company's shareholders. . .SilverCrest remains one of our top picks in the junior precious metals space."

Nicholas Campbell, Canaccord Genuity (1/13/12) "SilverCrest Mines Inc. reported Q411 production of 131,045 oz silver and 9,536 oz gold, exceeding our estimates by 17% and 6%, respectively. . .the Santa Elena project is currently operating above design throughput levels; the mine is expected to continue to produce at a throughput rate of at least 3 Ktpd. . .we forecast operating cash flows of $28.6M in 2012 before working capital changes, putting the company in a strong financial position to continue exploring the La Joya project while advancing the Santa Elena expansion project."

• Corporate Presentation (1/16/12)
• Corporate Brochure (9/6/11)

(10/18/11) SVL News Alert

(9/27/11) SVL: inSITE Report

(8/8/11) SVL's Santa Elena Expansion Plan Animation

(8/8/11) SVL's La Joya Project Site Video

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