Silvermex Resources Ltd.
TSX VENTURE : SMR

Silvermex Resources Ltd.

July 16, 2008 10:04 ET

Silvermex Commences Drill Program at El Rayo Project, Sonora, Mexico

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 16, 2008) - Silvermex Resources Ltd. (TSX VENTURE:SMR) announces that it has commenced an initial reverse circulation drill program on its El Rayo project located near Magdalena de Kino in northern Sonora, Mexico. The program will consist of 600 meters of drilling in 6 holes along the strike length of an outcropping breccia mineralized fault which has been mapped to a minimum length of 400 meters before it dips under cover.

Silver and polymetallic mineralization has been sampled on the property over exposed surface widths of up to 40 meters and over underground widths of 12 meters on the ceiling of an existing 30 meter long tunnel that runs along the structure. Underground samples from the tunnel have returned assays as high as 700 g/t silver over 12 meters. A recently completed surface trenching program over the outcropping mineralization included values of 76 g/t silver over 24 meters, 40 g/t silver over 40 meters and 23.3 g/t silver over 4 meters.

On Behalf of the Board of Directors of Silvermex Resources Ltd.

Bruce Bragagnolo, CEO & Director

This News Release contains forward-looking statements. Forward looking statements are statements which relate to future events. In some cases, you can identify forward-looking statements by terminology such as "may", "should", "expects", "plans, "anticipates", believes", "estimates", "predicts", "potential", or "continue or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our or our industry's actual results, level of activity, performance or achievements to be materially different from any future results, levels of activity, performance, or achievements expressed or implied by these forward-looking statements.

While these forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect out current judgment regarding the direction of our business, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggests herein. Except as required by applicable law the Company does not intend to update any forward-looking statements to conform these statements to actual results.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

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