SilverCrest Announces Q2 Production; 173,000 Ounces Silver and 3,995 Ounces Gold

VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 17, 2014) - SilverCrest Mines Inc. (TSX:SVL)(NYSE MKT:SVLC) (the "Company") is pleased to announce silver and gold production results from its 100% owned Santa Elena Mine located in Sonora, Mexico, for the second quarter (Q2) of 2014. The Santa Elena Mine is currently transitioning from an open pit heap leach to a conventional 3,000 tonne per day (tpd) mill facility and underground operation. As a result, projected and actual production for the quarter were lower than that of the comparable quarter of 2013. An update on the commissioning activities is provided below. For additional information and to view photos and videos, please visit the Company's website at www.silvercrestmines.com.

Production Highlights of Q2, 2014, vs. Q2, 2013;

• Silver production of 173,000 ounces; an 11% decrease.
• Gold production of 3,995 ounces; a 46% decrease.
• Silver equivalent⁽¹⁾ production of 412,700 ounces; a 38% decrease.
• Bullion inventory at quarter-end included 68,530 oz silver and 1,304 oz gold.
• New mill started up in May with commissioning throughout June; average June throughput of 1,166 tpd.
• Closure of the open pit and phasing out of the heap leach operation.

N. Eric Fier, President and COO stated; "As expected, Santa Elena's second quarter production was lower than the first quarter of 2014 as a result of closing the open pit ahead of schedule, phasing out production from the heap leach operation and starting up the new processing facility. There are always challenges when transitioning from an open pit, heap leach operation to an underground mine and milling circuit, but we are fortunate to have dedicated commissioning and operating teams that have consistently delivered steady progress towards full mill and underground production. Our current focus is to continue to address commissioning issues as they arise to assure the nameplate design capacity of 3,000 tpd continuous throughput is achieved by early August."

Santa Elena Mine Operating Statistics:	Q2 2014	Q2 2013	% Change	Q1 2014	% Change
Silver ounces produced	173,000	194,022	-11%	201,101	-14%
Gold ounces produced	3,995	7,463	-46%	7,545	-47%
AgEq ounces produced (1)	412,700	665,684	-38%	653,801	-37%
Silver ounces sold	163,026	181,398	-10%	198,800	-18%
Gold ounces sold	4,743	7,375	-36%	7,650	-38%
AgEq ounces sold (1)	447,606	647,504	-31%	657,800	-32%
Ag : Au Ratio (1)	60.0:1	63.2:1	-5%	60.0:1	0%

(1)

Silver equivalent ("AgEq") ounces consist of the number of ounces of silver production/sold plus the number of ounces of gold production/sold multiplied by 60:1 gold price to silver price ratio, as determined in the 2014 budget. Prior to Q1 2014, the AgEq ratio was based on the spot gold price to the spot silver price at the quarter end dates for financial reporting. All numbers are rounded.

As projected, metal production for Q2, 2014 was down 14% and 47% for silver and gold, respectively, compared to Q1, 2014. The decrease in silver and gold production was primarily related to the closure of the open pit on April 4, 2014, three months ahead of schedule, and subsequent reduced production from the leach pad.