SilverCrest Mines, Inc. (TSXV: SVL) –Funding In Place, Construction on Schedule for 2010 Production

Investment Highlights:

• The company has signed a definitive Project Facility Agreement on a US$12.5 million loan with Macquarie Bank Ltd., and a definitive Purchase Agreement with Sandstorm Resources Ltd.  (TSXV: SSL) on a US$12 million advance purchase of gold production.

• The company is planning the first silver pour to occur in early Q3 2010, with commercial production to commence prior to the end of 2010.  

• With the final payment of US$2.1 million to the vendor, the company now holds 100% interest in the Santa Elena project.

• 11 infill reverse circulation drill holes were completed in the area of the phase I pit returning an average true thickness of approximately 16 meters with an uncut, weighted average grade of 4.1 g/t gold equivalent.

• We have raised our valuation from $1.98 per share, to $2.13 per share.

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