SilverCrest Mines Inc SVLC

Company has the right to acquire a 100% inter

[nagyonokos]

SilverCrest Commences Phase II Drill Program at Santa Elena Project, Mexico Jun 13, 2007 5:25:00 PM VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - June 13, 2007) - SilverCrest Mines Inc. (the "Company") (TSX VENTURE:SVL)(FRANKFURT:CW5) is pleased to announce that it has commenced Phase II core drilling at its Santa Elena Project in northern Mexico. The Santa Elena Project is located approximately 150 kilometres northeast of Hermosillo, Sonora, Mexico and is easily accessible with excellent local infrastructure. The Company has the right to acquire a 100% interest in the Santa Elena property by making staged option payments over a period of 5 years. The Company believes the Santa Elena project offers an opportunity to achieve near term production and anticipates making a production decision for before year end. The Phase II program is a follow-up to the initial program of 19 holes that generated the resource estimate shown in the table below. This resource is also based on over 1.2 kilometres of underground development located in four levels to a depth of an estimated 80 metres from surface. Phase II is expected to comprise approximately 40 holes totaling 4,000 metres. The planned Phase II drill program is expected to expand the current resource estimate to the east and to depth, to test the near-surface footwall silver zone, to re-classify much of the inferred resource into the measured and indicated resource category and to complete condemnation drilling for proposed operating facilities. Drilling to date has defined the deposit approximately 600 metres along strike and to a depth of 200 metres. The program will further test the extents of the deposit which presently remains open to the east and to depth. Part of the program is to follow up on hole SE06-18 which was drilled on the eastern margin of the current resource and encountered 15.3 metres grading 3.51 gpt Au (0.10 opt Au) and 107.4 gpt Ag (3.13 opt Ag) at a vertical depth of 45 metres. NI 43-101 Resource Estimate for Santa Elena --------------------------------------------------------------------------- --------------------------------------------------------------------------- Contained Conta- Conta- Silver & Resource ined ined Silver Category Ag Au Ag Au Silver Gold Equiv.(1) Tonnes gpt gpt Tons opt opt Ounces Ounces Ounces --------------------------------------------------------------------------- --------------------------------------------------------------------------- Indic- ated 2,458,900 55.7 2.16 2,710,500 1.62 0.063 4,391,000 171,000 14,651,000 --------------------------------------------------------------------------- Infer- red 3,514,300 78.3 1.42 3,873,900 2.28 0.041 8,832,000 159,000 18,372,000 --------------------------------------------------------------------------- --------------------------------------------------------------------------- 1 Conforms to NI 43-101, 43-101CP, and current CIM definitions for resources. All numbers are rounded. C. Stewart Wallis, P.Geo., independent qualified person (QP) from the consulting firm of Scott Wilson Roscoe Postle Associates Inc. and N. Eric Fier, CPG, P.Eng, QP and Chief Operating Officer of the Company completed the Santa Elena resource estimation. The Company is carrying out a preliminary assessment study that will define the operating and capital cost parameters for an open pit heap leach operation that would treat approximately 1,750 to 2,000 tonnes of ore per day for a period of 7 to 10 years based on current resource estimates. The study is being prepared by Sol y Abode, Ingenieros Asociados, S.A. de C.V., an independent, qualified engineering consulting firm of Hermosillo, Mexico. It is expected that a production decision could be made by late this year with initial production commencing late in 2008 with the first full year of production occurring in 2009. The Qualified Person for this news release is N. Eric Fier, CPG, P.Eng. and Chief Operating Officer for SilverCrest Mines Inc. SilverCrest Mines Inc. is a "Silver Focused" exploration and development company with a portfolio of high grade silver deposits and exploration properties located in Mexico and El Salvador. This property portfolio, which includes reported indicated and inferred silver resources and substantial exploration potential, provides an important base from which SilverCrest can develop its corporate objective of becoming a significant silver asset based company. The Company's immediate initiative is to acquire and develop substantial silver resources and ultimately to operate high grade silver mines throughout North, Central and South America. This news release contains forward-looking statements, which address future events and conditions, which are subject to various risks and uncertainties. The Company's actual results, programs and financial position could differ materially from those anticipated in such forward-looking statements as a result of numerous factors, some of which may be beyond the Company's control. These factors include: the availability of funds; the timing and content of work programs; results of exploration activities and development of mineral properties, the interpretation of drilling results and other geological data, the uncertainties of resource and reserve estimations, receipt and security of mineral property titles; project cost overruns or unanticipated costs and expenses, fluctuations in metal prices; currency fluctuations; and general market and industry conditions. Forward-looking statements are based on the expectations and opinions of the Company's management on the date the statements are made. The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. On Behalf of the Board of Directors of SilverCrest Mines Inc. J. Scott Drever, President The TSX-Venture Exchange has not reviewed and does not accept responsibility for the accuracy or adequacy of this release. FOR FURTHER INFORMATION PLEASE CONTACT: SilverCrest Mines Inc. Fred Cooper [phone] Fax: [phone] (FAX) Email: [e-mail] Website: www.silvercrestmines.com Source: SilverCrest Mines Inc. ---------------------------------------------- SilverCrest Mines Inc. Fred Cooper [phone] Fax: [phone] (FAX) Email: [e-mail] Website: www.silvercrestmines.com