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Building The Next Mid‐Tier Producer in Mexico

Business Summary

SilverCrest Mines Inc. 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, México. 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 open pit heap leach facility at the Santa Elena mine should recover approximately 625,000 ounces of silver and 33,000 ounces of gold in 2013. An expansion plan is well underway to nearly double the annual metals production in 2014 at the Santa Elena Mine (open pit and underground). Exploration programs have rapidly advanced the definition of a large polymetallic deposit at the La Joya property in Durango State with stated resources nearing 200 million ounces of Ag equivalent.

Projects

Santa Elena, Sonara

On July 13, 2011 the Company announced the Santa Elena Mine had reached Commercial Production. 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 open pit heap leach facility at the Santa Elena mine should recover approximately 625,000 ounces of silver and 33,000 ounces of gold in 2013. An expansion plan is well underway to nearly double the annual metals production in 2014 at the Santa Elena Mine (open pit and underground).

SilverCrest has embarked on a 3-year Expansion Project that contemplates the installation of a conventional CCD processing mill at the Santa Elena mine with throughput capacity of 3,000 - 3,500 tonnes per day - a capacity capable of processing mill feed from the Santa Elena open pit (Phase I), ore from future Santa Elena underground operations (Phase II), retreatment of the material on the heap leach pads which are estimated to hold 5 million residual equivalent ounces of silver (Phase IV), and process ore from the nearby Cruz de Mayo silver deposit (Phase III).

Cruz de Mayo, Sonora

The Company has previously drilled 47 reverse circulation and core holes on approximately 100 to 150 metre spacing and consistently intersected silver mineralization over a strike length of approximately 1.7 kilometres. These holes have 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. Based on the work to date, current resources at Cruz de Mayo are:

A Pre-Feasibility Study should be available within the next couple of months.

La Joya, Durango

La Joya Preliminary Economic Assessment Base Case Pre-Tax NPV(5%) of US$133 Million and 30% IRR for "Starter Pit"

Geological Model & Completed Phase I & II Drill ProgramSilverCrest has completed the Preliminary Economic Assessment ("PEA") for its La Joya Silver Copper Gold Project ("La Joya") located in Durango, Mexico. Summaries of the current resources used for the PEA, a preliminary Life of Mine Plan (LOMP), operating costs, capital costs and project economics are presented in tables below. A Technical Report compliant with NI43-101 is being completed by EBA Engineering Consultants, a Tetra Tech Company (EBA) with an effective date of September 23, 2013 is to be filed by the end of the year. All currency values are presented in US$ unless otherwise specified.

N. Eric Fier, President & COO stated, "The positive results of this PEA will enable us to plan the next steps, establish achievable milestones and identify additional studies and analyses to optimize the project economics. We have engaged extensively with local communities at this early stage of the La Joya project development, emphasizing the importance of building collaborative, long term and sustainable relationships with all stakeholders".

Production Summary

Silver Crest sold totally 588’300 ounces of silver and 33’800 ounces of gold (2.47 million oz. of silver equivalent) with average cash costs of $8.05/oz. in 2012.

Valuation

Silvercrest is profitable at current silver prices. Any increase of the silver price would have a great impact on earnings.

Investment Highlights

• Building The Next Mid‐Tier Silver‐Gold Producer

• Unhedged High Grade, Low Cost Producer

• Excellent Profit Margins, Strong Balance Sheet

• Strong Earnings And Cash Flow

• Significant Increase In Production by 2014

• Good Organic Growth Opportunities

• Expanding Resources & Reserves

Technical Considerations

Performance in 2013 of some of the leading precious metal funds compared:

Peter Zihlmann

www.pzim.ch

www.timeless-funds.com

invest@pzim.ch

Telephone +41 44 268 51 10

CH Mobile +41 79 379 51 57

MT Mobile +356 79 79 00 91

Disclosure: The author has not been paid to write this article, nor has he received any other inducement to do so. The author is a shareholder in the company and will benefit from any increase in the company’s share price.

Disclaimer: The author’s objective in writing this article is to invoke an interest on the part of potential investors in this stock to the point where they are encouraged to conduct their own further diligent research. Neither the information, nor the opinions expressed should be construed as a solicitation to buy or sell this stock. Investors are recommended to obtain the advice of a qualified investment advisor before entering into any transactions in the stock.

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