SILVERCREST ANNOUNCES TRADING ON NYSE MKT TO COMMENCE AUGUST 27, 2012

VANCOUVER, BC – August 22, 2012 – SilverCrest Mines Inc. ("SilverCrest" or the "Company") is pleased to announce that its common shares have been authorized for listing on the NYSE MKT in New York. The shares will begin trading on the NYSE MKT on August 27, 2012 under the trading symbol "SVLC". The Company’s common shares will continue to be listed on the TSX Venture Exchange under the trading symbol "SVL".

“This NYSE MKT listing represents another significant milestone in SilverCrest’s growth,” stated J. Scott Drever, SilverCrest’s President. “The listing is expected to provide greater trading accessibility for investors in the United States and internationally.”

SilverCrest Mines Inc. (TSX-V: SVL) operates in Mexico and is a low cost precious metals producer with its headquarters based 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, México. 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, Mexico.