SilverCrest Mines Inc.
TSX VENTURE : SVL

SilverCrest Mines Inc.

September 01, 2009 15:39 ET

SilverCrest Announces Extension of Terms of Warrants

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 1, 2009) - SilverCrest Mines Inc. (the "Company") (TSX VENTURE:SVL) announces that it has obtained the TSX Venture Exchange's approval to extend the terms of a total of 2,781,105 common share purchase warrants having an exercise price of $1.40 per share (collectively, the "Warrants") issued by the Company in March 2008 and which were originally due to expire in September 2009. The Warrants will be extended for one additional year, so that 1,586,288 Warrants will expire September 12, 2010 and 1,194,817 Warrants will expire September 19, 2010, respectively.

SilverCrest Mines Inc. is a "Silver Focused" exploration and development company with a portfolio of high grade silver and gold 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.

J. Scott Drever, President

SILVERCREST MINES INC.

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

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