Mr. Eric Fier reports

SILVERCREST MINES ANNOUNCES $20 MILLION BOUGHT DEAL

SilverCrest Mines Inc. 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., to purchase 7.7 million common shares of the company at a price of $2.60 per common share for gross proceeds of $20.02-million on a bought-deal basis.

The company has also granted the underwriters an overallotment option to purchase up an additional 15 per cent of the common shares sold under the offering to cover overallotments, 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, 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 per cent 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.

We seek Safe Harbor.