VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 02/21/12 -- SilverCrest Mines Inc. (the "Company") (TSX VENTURE:SVL)(OTCQX:STVZF) is pleased to announce it has filed the NI43-101 Technical Report and initial resource estimation for its La Joya Property in Durango, Mexico. Inferred Resources previously announced in a news release dated January 5, 2012 are estimated at 57.9 million tonnes grading 28 gpt silver, 0.18 gpt gold, and 0.21% copper. These initial resources contain approximately 51.3 million ounces of silver, 333,400 ounces of gold (16.7 million ounce of Ag Eq) and 270.3 million pounds of copper (33.9 million ounces Ag Eq) for a total of 101.9 million ounces silver equivalent(i) (Ag Eq) using a cutoff grade of 15 gpt Ag Eq. Resource estimates using higher grade cutoffs are also shown in the table below. The Report can be reviewed in its entirety in the Company's file at www.sedar.com.

These resources have been independently estimated utilizing Company Phase I drilling and sampling programs along with independently-validated historic data. Drilling to date has been relatively widespread in the Phase I area which is approximately 1 kilometre by 500 metres. As a result, the initial resource estimates are considered by the Company to cover only a portion of the overall potential within the Phase I area. The Main Mineralized Trend, which includes the Phase I and Phase II drilling areas, has an overall length of 2.5 kilometres and an average minimum width of 500 metres (see News Release dated November 14, 2011 for description of target areas). Phase II drilling is currently underway and contemplates at least 80 drill holes to further test the Main Mineralized Trend as well as three adjacent targets.

La Joya Silver, Gold, Copper Resource Summary (Phase I Area)

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