SilverCrest Mines Announces $20 Million Bought Deal

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES


SilverCrest Mines Inc. (TSX VENTURE:SVL)(NYSE MKT:SVLC) ("SilverCrest" or the
"Company"), is pleased to announce that it has entered into an agreement with a
syndicate of underwriters led by Dundee Securities Ltd., and including National
Bank Financial Inc., Raymond James Ltd. and PI Financial Corp. (the
"Underwriters"), to purchase 7,700,000 common shares of the Company (the "Common
Shares") at a price of $2.60 per Common Share for gross proceeds of $20,020,000
on a bought deal basis (the "Offering").


The Company has also granted the Underwriters an over-allotment option to
purchase up an additional 15% of the Common Shares sold under the Offering to
cover over-allotments, if any, and for market stabilization purposes and shall
be exercisable, in whole or in part at any time, for a period of 30 days from
and including the Closing Date.


The net proceeds from the Offering will be used for working capital and general
corporate purposes.


Closing of the Offering is anticipated to occur on or about March 13, 2014 (the
"Closing Date") and is subject to the receipt of applicable regulatory approvals
including approval of the TSX Venture Exchange.


The Underwriters will receive a cash commission on the Closing Date equal to
5.5% of the gross proceeds of the Offering.


The Common Shares will be offered in all provinces of Canada (excluding Quebec)
by way of a short form prospectus.


The securities offered have not been registered under the U.S. Securities Act of
1933, as amended, and may not be offered or sold in the United States absent
registration or an applicable exemption from the registration requirements. This
press release shall not constitute an offer to sell or the solicitation of an
offer to buy nor shall there be any sale of the securities in any jurisdiction
in which such offer, solicitation or sale would be unlawful.


About SilverCrest

SilverCrest Mines Inc. (TSX VENTURE:SVL)(NYSE MKT:SVLC) is a Canadian precious
metals producer headquartered in Vancouver, BC. SilverCrest's flagship property
is the 100%-owned Santa Elena Mine, located 150 km northeast of Hermosillo, near
Banamichi in the State of Sonora, Mexico. The mine is a high-grade, epithermal
silver and gold producer, with an estimated life of mine of 8 years and cash
costs of $11 per ounce of silver equivalent (55:1 Ag:Au) for the open pit heap
leach and underground mine. SilverCrest anticipates that the new 3,000 tonnes
per day conventional mill facility at the Santa Elena Mine should recover an
average annual rate of 1.5 million ounces of silver and 32,800 ounces of gold
over the current reserve. Major expansion and construction of the 3,000 tonnes
per day conventional mill facility is nearing completion and is expected to
significantly increase metals production at the Santa Elena Mine (open pit and
underground) in 2014 and beyond. Exploration programs continue to make new
discoveries at Santa Elena and also have rapidly advanced the definition of a
large polymetallic deposit at the La Joya property in Durango State with stated
resources nearing 200 million ounces of Ag equivalent.


FORWARD-LOOKING STATEMENTS

This news release contains "forward-looking statements" within the meaning of
Canadian securities legislation and the United States Securities Litigation
Reform Act of 1995. Such forward-looking statements concern the Company's
anticipated results and developments in the Company's operations in future
periods, planned exploration and development of its properties, plans related to
its business and other matters that may occur in the future. These statements
relate to analyses and other information that are based on expectations of
future performance, including silver and gold production and planned work
programs. Statements concerning reserves and mineral resource estimates may also
constitute forward-looking statements to the extent that they involve estimates
of the mineralization that will be encountered if the property is developed and,
in the case of mineral reserves, such statements reflect the conclusion based on
certain assumptions that the mineral deposit can be economically exploited.


Forward-looking statements are subject to a variety of known and unknown risks,
uncertainties and other factors which could cause actual events or results to
differ from those expressed or implied by the forward-looking statements,
including, without limitation: risks related to precious and base metal price
fluctuations; risks related to fluctuations in the currency markets
(particularly the Mexican peso, Canadian dollar and United States dollar); risks
related to the inherently dangerous activity of mining, including conditions or
events beyond our control, and operating or technical difficulties in mineral
exploration, development and mining activities; uncertainty in the Company's
ability to raise financing and fund the exploration and development of its
mineral properties; uncertainty as to actual capital costs, operating costs,
production and economic returns, and uncertainty that development activities
will result in profitable mining operations; risks related to reserves and
mineral resource figures being estimates based on interpretations and
assumptions which may result in less mineral production under actual conditions
than is currently estimated and to diminishing quantities or grades of mineral
reserves as properties are mined; risks related to governmental regulations and
obtaining necessary licenses and permits; risks related to the business being
subject to environmental laws and regulations which may increase costs of doing
business and restrict our operations; risks related to mineral properties being
subject to prior unregistered agreements, transfers, or claims and other defects
in title; risks relating to inadequate insurance or inability to obtain
insurance; risks related to potential litigation; risks related to the global
economy; risks related to the Company's status as a foreign private issuer in
the United States; risks related to all of the Company's properties being
located in Mexico and El Salvador, including political, economic, social and
regulatory instability; and risks related to officers and directors becoming
associated with other natural resource companies which may give rise to
conflicts of interests. Should one or more of these risks and uncertainties
materialize, or should underlying assumptions prove incorrect, actual results
may vary materially from those described in the forward-looking statements. The
Company's forward-looking statements are based on beliefs, expectations and
opinions of management on the date the statements are made. For the reasons set
forth above, investors should not place undue reliance on forward-looking
statements.


The information provided in this news release is not intended to be a
comprehensive review of all matters and developments concerning the Company. It
should be read in conjunction with all other disclosure documents of the
Company. The information contained herein is not a substitute for detailed
investigation or analysis. No securities commission or regulatory authority has
reviewed the accuracy or adequacy of the information presented.


N. Eric Fier, President & COO

SILVERCREST MINES INC.

Neither TSX Venture Exchange nor its Regulation Services Provider (as defined in
the policies of the TSX Venture Exchange) accepts responsibility for the
adequacy or accuracy of this release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
SilverCrest Mines Inc.
Fred Cooper
(604) 694-1730 ext. 108 or (604) 694-1761
Toll Free: 1-866-691-1730
info@silvercrestmines.com
www.silvercrestmines.com
SilverCrest Mines (TSXV:SVL)
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