NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES


SilverCrest Mines Inc. (the "Company") (TSX VENTURE:SVL)(NYSE MKT:SVLC)(NYSE
Amex:SVLC) is pleased to announce the completion of its prospectus offering
announced on October 5, 2012 for gross proceeds of CAD$30 million, together with
exercise of the over-allotment option in full for an additional $4.5 million,
resulting in total gross proceeds of $34.5 million.


The Company plans to use the net proceeds of the offering to pay out and
eliminate the remainder of the Company's gold hedge commitments and for general
corporate purposes.


The Company issued a total of 13,529,750 common shares at a price of $2.55 per
share. The offering was co-led by Dundee Securities Ltd. and Canaccord Genuity
Corp. and included ROTH Capital Partners, LLC (together, the "Underwriters").
The Underwriters received a cash commission at closing equal to 5.5% of the
gross proceeds of the offering.


The securities described herein have not been and will not be registered under
the United States Securities Act of 1933, as amended, or the securities laws of
any state and may not be offered or sold in the United States absent an
exemption from registration.


SilverCrest Mines Inc. (TSX VENTURE:SVL)(NYSE MKT:SVLC) is a Canadian precious
metals producer headquartered in Vancouver, BC. SilverCrest's flagship property
is the 100%-owned Santa Elena Mine, which is 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.


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. Such forward-looking statements concern the Company's
anticipated use of proceeds of the offering, 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

SILVERCREST MINES INC.

FOR FURTHER INFORMATION PLEASE CONTACT: 
SilverCrest Mines Inc.
Fred Cooper
(604) 694-1730 ext. 108 or Toll Free: 1-866-691-1730
(604) 694-1761 (FAX)
info@silvercrestmines.com
www.silvercrestmines.com
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