Company Information for SilverCrest Mines Inc

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Company Statement

SilverCrest Mines Inc. is an exploration and development company with a portfolio of high grade silver-gold deposits and exploration properties located in Mexico and El Salvador. The Company's long term initiative is to acquire, develop and operate high grade open pit silver-gold mines throughout North, South and Central America. Primary targets will be silver-gold projects that are amenable to accelerated development and early production.

Current Operations

MEXICO PROPERTIES
Santa Elena Project, Mexico
SilverCrest has completed a Pre-Feasibility Study on its Santa Elena open pit gold and silver mine in Sonora, Mexico. The study has converted approximately 73% of the project's Indicated Mineral Resources to Proven and Probable Reserves. The Base Case economics show a pre-tax Internal Rate of Return of 100% and a pre-tax cash flow of US$103.7 million. The payback period for the initial capital of US$20 million is approximately 12 months. The open pit heap leach operation will process ore at a rate of 2,500 tonnes per day and is expected to produce an average of 30,000 ounces of gold and 500,000 ounces of silver per year for an estimated mine life of 8 years. For the Base Case, the average net cash flow (pre-tax) is approximately US$10 million per year over the mine life. After initial capital payback, average net cash flow (pre-tax) for each of years 2 and 3 is projected to be greater than US$20 million. The potential underground operation with possible conventional milling has not been included in this evaluation.

Cruz de Mayo Project, Mexico
This resource estimate represents approximately 1.5 kilometres of the approximately 2.7 kilometre known strike length of the deposit. A work program at Cruz de Mayo for further expansion of the current resource with additional drilling is planned in 2008. The deposit is potentially amenable to open pit mining and standard heap leach processing. Significant potential for resource expansion exists along of the main mineralized zone and down dip.

Silver Angel Project, Mexico 
The Company has a 100% interest in +18,000 hectares located in the northern Sierra Madre Range in the State of Sonora, Mexico. The Silver Angel Concession contains an area of intense alteration that is approximately 20 kilometers long by 3 kilometers wide with structural features that host seven past producing, high grade silver gold mines, including the Cruz de Mayo Prospect.  

El Zapote Project, El Salvador
SilverCrest (SVL) has a 100% interest in mineral concessions located in northern El Salvador. The property is at the feasibility stage where it has, among other things, established mineable reserves, optimize process design (conventional mill or heap leach), verify capital and operating costs and evaluate the economic viability of the project.

Detailed drilling has now delineated the Cerro Colorado III and partially delineated the San Casimiro and Tajado deposits. These are three of several known deposits within the El Zapote concession.

Geographical Spread

Mexico

Board of Directors and Key Management

J. Scott Drever, President & Director

N. Eric Fier, CPG, P.Eng. Chief Operating Officer

Barney Magnusson, CA, Chief Financial Officer

Graham C. Thody, CA, Director

George W. Sanders, Director

Bernard Poznanski, Corporate Secretary

Company Address 1311 Howe Street, Suite 405 Vancouver, British Columbia, British Columbia, Canada V6Z 2P3 Telephone: 604-691-1730 Facsimile: 604-691-1761 Email: info[at]silvercrestmines.com Website: http://www.silvercrestmines.com

Additional Address/Key Contact Toll Free: 866-691-1730

Capital Issued & Outstanding 45,499,489 Fully Diluted 53,324,570

Annual General Meeting June- Vancouver, BC Canada

Year End December 31

Broker/Analyst Reports

27/02/08 - Objective Capital
27/11/07 - P. ZIHLMANN INVESTMENT
01/01/07 - Fundamental Research

Related News

02/06/08 - SilverCrest Mines Less Than A Year Away From Production At Santa Elena
09/08/07 - SilverCrest Mines Attracts European Investors With Its Projects in Mexico And El Salvador

Most Recent Statement

15/08/08 - SilverCrest Receives Environmental Impact Assessment Approval; NI43-101 Reserve Estimates and Economic Analyses Filed for Santa Elena Project, Mexico
10/07/08 - SilverCrest Signs Agreement for $3.0 Million Feasibility Finance Facility
26/06/08 - SilverCrest Pre-Feasibility Results at Santa Elena, Mexico
05/06/08 - SilverCrest Main Zone Expansion Drilling-11.2 Metres (36.73 Feet) Grading 3.47 gpt Gold-167.1 gpt Silver, Santa Elena Project, Mexico
21/05/08 - SilverCrest Submits Environmental Impact Assessment; Receives Land Use Change Approval
08/04/08 - SilverCrest Continues to Expand Main Zone at Santa Elena, Mexico