======================================================================= News Release - March 24, 2013 SilverCrest Announces 2013 Financial Results Cash Flow from Operations of US$26.1 million ($0.24 per share) Net Earnings US$8.5 million ($0.08 per share) ======================================================================= Dear MvM Commodity Group <>, VANCOUVER, BC � March 24, 2014 � SilverCrest Mines Inc.

(the �Company� or �SilverCrest�) is pleased to announce its audited consolidated financial results for the fourth quarter and year ended December 31, 2013.

The fourth quarter and 2013 year end financials results reflect a one-time non-cash deferred tax accounting adjustment of $5.8 million as a result of the enactment of the Mexican Tax Reform.

All financial information is prepared in accordance with IFRS and all dollar amounts are expressed in U.S.

dollars unless otherwise specified.

The information in this news release should be read in conjunction with the Companys audited consolidated financial statements for the year ended December 31, 2013 and associated management discussion and analysis (�MD&A�) which are available from the Companys website at www.silvercrestmines.com and under the Companys profile on SEDAR at www.sedar.com. 2013 YEAR END FINANCIAL HIGHLIGHTS: Cash flow from operations (1)�$26.1 million ($0.24 per share) Cash operating cost per silver equivalent ounce sold(2)�$7.78 (Ag:Au 60.5:1) Revenues reported $54.9 million Mine operating earnings�$28.9 million Deferred tax � Mexican mining royalty $5.8 million (non-cash IFRS accounting entry) Net earnings�$8.5 million ($0.08 per share) Cash and cash equivalents $14.4 million (at Dec.

31, 2013) Working capital $25.4 million (at Dec.

31, 2013) Scotiabank Credit Facility $40.0 million fully available (at Dec.

31, 2013)
N.

Eric Fier, President and COO stated; �2013 was another successful year for SilverCrest, notwithstanding the lower precious metals price environment.

The Santa Elena mine delivered strong production and operating cost performance throughout 2013 which allowed SilverCrest to deliver robust financial results.

Management are pleased that Santa Elena achieved a cash operating cost of $7.78 per silver equivalent ounce sold compared to Company guidance of $8.50 and an all-in sustaining cash cost per silver equivalent ounce sold(2) of $13.05 which also beat Company guidance of $13.45.

SilverCrest maintained its strong balance sheet through disciplined cost management and securing a $40 million credit facility with Scotiabank.

SilverCrest will continue to focus on delivering strong operating results and optimizing our operating cash flow as we complete the Santa Elena Expansion and increase production in 2014 to approximately 3.3 million to 3.6 million silver equivalent ounces (Ag:Au 60:1).� To read the complete news release, please see the following link: http://silvercrestmines.com/news/index.php?&content_id=183 ======================================================================= Click or copy and paste the link below to unsubscribe from this list http://dissemination.blendermedia.com:81/u?id=4092470.b8d87d35daa5ff4340d5d775da801d21&n=T&l=silvercrestmines_com =======================================================================