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SilverCrest Mines Inc. – Silver Focused

Investors

NI 43-101 Resources & Reserves Summary

  • Probable Reserves 11,927,100 oz Ag and 339,600 oz Au
  • Total Indicated Resources 25,985,000 oz Ag and 207,466 oz Au*
  • Total Inferred Resources 24,537,100 oz Ag and 142,235 oz Au*

*NI 43-101 Resources & Reserves reported as of November 20074, June 20083, January 20095 are estimated at:

Property

Resource Category1

Tonnes

Ag
gpt

Au
gpt

Tons

Ag
opt

Au
opt

Contained Silver Ounces2

Contained Gold Ounces

Santa Elena

Probable3 Reserves

6,541,950

56.70

1.61

7,211,250

1.68

0.047

11,927,100

339,600

Indicated5

2,161,240

170.2

2.75

2,379,660

4.97

0.080

11,815,600

190,666

Inferred5

3,258,800

76.2

1.11

3,591,200

2.22

0.032

7,977,000

116,235

Cruz de Mayo4

Indicated

1,141,000

64.15

0.1

1,257,700

1.87

.003

2,353,400

3,800

Inferred

6,065,000

66.50

0.1

6,685,500

1.94

.003

12,967,100

20,000

El Zapote4

Indicated

1,925,200

177.70

0.19

2,122,200

5.20

0.006

11,816,000

13,000

Inferred

1,086,400

101.60

0.18

1,197,500

3.00

0.005

3,593,000

6,000

Total Probable Reserves

11,927,100

339,600

Total Indicated Resources

25,985,000

207,466

Total Inferred Resources

24,537,100

142,235

1Conforms to NI 43-101, 43101CP and current CIM definitions for resources. All numbers are rounded.

2Cutoff grade is 0.5 gpt Au equivalent. These reserves are diluted and mine recoverable.