======================================================================= News Release - October 15, 2012 SilverCrest Announces Q3 Production 151,368 Ounces Silver & 7,184 Ounces Gold ======================================================================= Dear MvM Commodity Group <>, VANCOUVER, B.C.

October 16, 2012 � SilverCrest Mines Inc.

(the �Company�) is pleased to announce production figures for the third quarter of 2012 from its 100% owned Santa Elena Mine located in Sonora, Mexico. Third Quarter Production Highlights - Silver produced oz:�151,368; 42% increase over Q3 2011 - Gold produced oz:�7,184; 18% decrease over Q3 2011 - Ore Tonnes crushed:�265,598; 10% increase over Q3 2011 - Silver oz to pad:�413,426; 5% increase over Q3 2011 - Gold oz to pad:�11,681; 35% decrease over Q3 2011 J.

Scott Drever, President stated on the third quarter 2012; �The Santa Elena Mine continues to produce silver and gold on a consistent basis.

We would like to congratulate our operations team in Mexico for achieving record silver production of 151,368 ounces for the quarter.

Based on our production to date we are increasing our annual silver production guidance from 435,000 ounces to 535,000 ounces.

We are maintaining our annual gold production guidance of 33,500 ounces.

We expect another strong operating performance in the fourth quarter, which in conjunction with our significant operating profit margins should enhance our overall financial performance�.

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