Building Silver Resources in Mexico

200 million plus oz of Silver and 1 million plus oz Gold Resource

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luker

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Oversubscribed Private Placement

posted on Feb 08, 2010 10:31AM

Silvermex Resources Ltd.

TSX VENTURE: SMR

Feb 08, 2010 10:05 ET

Silvermex Announces Fully Subscribed Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 8, 2010) - Silvermex Resources Ltd. (the "Company") (TSX VENTURE:SMR) is pleased to announce that it has fully subscribed a total of 15,350,655 units pursuant to the private placement announced on February 2, 2010 for gross proceeds of $6,907,750. The Company will proceed to file final documentation with the TSX Venture Exchange Inc.

The fully subscribed units include an over allotment of 1,350,655 units above the previously announced 14,000,000 unit private placement.

The proceeds from the private placement will be used to advance the Company's San Marcial/Rosario silver project in Mexico and for general working capital.