Corporate PresentationAugust 2015

DisclaimerThe information provided in this presentation 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.Certain technical information contained in this presentation relating to the Santa Elena and La Joya Projects, including but not

limited to, estimated mineral resources and reserves, metallurgy, estimated capital and operating costs and estimated production data are derived from the following technical reports for the

Santa Elena and La Joya Projects, respectively: “Update to Santa Elena Pre-Feasibility Study, Sonora, Mexico" dated effective December 31, 2014; and the "Preliminary Economic Assessment

for the La Joya Property" dated effective October 21, 2013, as amended March 4, 2014. The aforementioned reports were filed with the Canadian securities regulators on March 31, 2015 and

March 6, 2014 respectively, and may be accessible on the SEDAR website at www.sedar.com under the Company's corporate profile. The information contained herein is subject to the

assumptions, qualifications and procedures set out in the aforementioned reports and is qualified in its entirety with reference to the full text of these reports.

FORWARD-LOOKING STATEMENTS:

This presentation contains “forward-looking statements” within the meaning of Canadian securities legislation and the United States Securities Litigation Reform Act of 1995. These

include, without limitation, statements with respect to: the economic viability of a project; strategic plans and expectations for the development of the Company’s operations and

properties; the estimates mineral reserves and mineral resources; the amount of future production of gold and silver over any period; the amount of expected grades and ounces of

metals and minerals; expected metal or mineral recoveries; expected cash operating costs and outflows; life of mine; and prices of metals and minerals. These forward-looking

statements relate to analyses and other information that are based on, without limitation, the following estimates and assumptions: the presence of and continuity of metals at the

Company’s projects; cost of production and productivity levels; plant and equipment for operations and development functioning as anticipated; ability for contracted parties to

provide goods and services on agreed time frame; ability to develop and finance projects; accuracy of the interpretations and assumptions used in calculating reserve and resource

estimates; and operations not being disrupted or delayed by unusual geological or technical problems.

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 the fluctuations in

the price of consumed commodities; 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 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; and risks related to governmental regulations and obtaining necessary licenses and permits.

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 Company undertakes no obligation to update or revise any forward-

looking statements, except as otherwise required by applicable law.

CAUTIONARY NOTE REGARDING NON-IFRS PERFORMANCE MEASURES:This presentation includes the terms “Cash operating cost per AgEq ounce sold” and “All-in sustaining cash cost per AgEq ounce sold”. These terms are commonly used in the mining industry

but are not defined under International Financial Reporting Standards ("IFRS"). The Company believes that, in addition to conventional measures prepared in accordance with IFRS, certain

investors use this information to evaluate SilverCrest’s performance and its ability to generate cash flow. The data presented is intended to provide additional information and should not be

considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS. The Company calculates Cash operating costs per AgEq as cost of sales over total AgEq

ounces sold and All-in sustaining cash cost per AgEq as the sum of cost of sales, general and administrative expenses and sustaining capital expenditures from Santa Elena over total AgEq

ounces sold. All monetary figures are expressed in United States dollars unless otherwise specified.

QUALIFIED PERSON: Under National Instrument (NI 43-101) Standards of Disclosure for Mineral Projects, the Qualified Person for this presentation is N. Eric Fier, CPG, P.Eng., Chief Operating

Officer for SilverCrest Mines Inc., who has reviewed and approved its contents. 2

Proposed Transaction With First Majestic

• As announced on July 27, 2015, the Company entered into a definitive agreement

("Arrangement") with First Majestic whereby First Majestic will acquire all of the issued

and outstanding shares of SilverCrest for consideration of 0.2769 common shares of

First Majestic plus CAD$0.0001 in cash, and 0.1667 common shares of New SilverCrest

for each SilverCrest common share held.

• The transaction excluding New SilverCrest equated to a 37% premium to the SVL share

price as of the date of the Arrangement and a 21.4 % ownership in First Majestic by

SilverCrest shareholders.

• In addition to ownership in First Majestic, SilverCrest shareholders will benefit from

First Majestic's liquidity in the market place, diversity provided by six operating mines,

and management's long history of successful operations in Mexico.

• A meeting of SilverCrest shareholder's has been called for September 25, 2015 to seek

approval for the transaction with closing expected to occur in early October.

3

4

SilverCrest – Building The Next Mid-Tier Producer

• “Phased Approach”

• Good access and infrastructure

• Low initial cost and systematic exploration

• Environmental and community respect

SIMPLE & PROVEN BUSINESS MODEL

• Cash Operating Costs: one of the lowest in the sector

• Attractive profit margins

• Positive Cash Flow

ROBUST FINANCIAL POSITION

• Expertise to explore, develop and operate mining projects

• Effective cash control protocols in place

• Proven business success of multiple years SEASONED MANAGEMENT

• Santa Elena: Projecting Silver and Gold Production of 4.7 – 5.1 million oz AgEq* in 2015

• Organic Growth Through Low Cost Acquisitions

• La Joya: Development Stage Project at PEA level moving to PFS

WELL POSITIONED FOR GROWTH

• Build a mid-tier to senior silver-gold producer through disciplined business strategy

MAIN OBJECTIVE

*(Ag:Au 66.7:1)

Experienced & Successful Management Team

J. Scott Drever, BSc., CEO, Director (45 years experience)

Strategic Planning, Mergers & Acquisitions. Management and operational experience with several production companies, including Placer Dome and Blackdome

Mining.

N. Eric Fier, CPG, P.Eng., COO (25 years experience)

Operations, Project Evaluation & Management. Previously with Newmont Mining, Eldorado Gold, Pegasus Gold Corp. Involvement in construction and operations of

4 successful mines, including Santa Elena. Several major international discoveries.

Barney Magnusson, CA, CFO (35 years experience)

Served as an Officer and Director of 6 mining (Dayton Mines, High River Gold Mines) companies that developed, constructed or operated 8 precious metals mines in

North and South America.

Dunham L. Craig, P.Geo., Interim President, Director (26 years experience)

Experience in mining and operations, exploration discovery to feasibility, financing, permitting, construction and production related to two mines. Currently

President & CEO of Geologix Explorations and past experience with Wheaton River Minerals and Glencairn Gold.

Brent McFarlane, BSc., VP Operations (25 years experience)

Managed all phases of open pit and underground mining projects and instrumental in leading Mexican and Int’l projects through feasibility, construction, and

production while working for Minefinders, Kappes Cassiday, TVI Pacific, Marston, and Pegasus Gold.

Marcio Fonseca, MSc., P.Geo., VP Corporate Development (20 years experience)

Served as Division Director at Macquarie Metals & Energy Capital with focus on equity and debt financing for the mining sector over the last 9 years. Prior to that,

he held corporate positions in business development, project development, operations and exploration with Vale and Phelps Dodge in Latin America.

Tom Keating, VP Finance (10 years experience)

Joined SilverCrest as the Corporate Controller in July 2009, having previously worked with PricewaterhouseCoopers LLP and Davidson and Company LLP specializing

in the mining sector. Tom is a member of the Institute of Chartered Accountants of Ireland and holds a Bachelor of Computer Science degree from University

College Dublin, Ireland.

Michael Rapsch - VP Corporate Communications (9 years experience)

The past three and a half years have been with SilverCrest Mines. Prior to joining the Company he worked in investor relations for Pediment Gold Corp, which was

acquired by Argonaut Gold in early 2011. In 2002, he founded and managed his own investor relations firm to create market awareness for resource companies in

Europe

Graham C. Thody, CA, Non-Executive Chairman, Director (30 years experience)

Corp. finance and public company management. Director and former President & CEO of UEX Corp., Chairman of the Board of Geologix.

George W. Sanders, Director (30 years experience)

Experience in mining and exploration finance. Previously with Canaccord Capital Corp., Richmont Mines Inc., Consolidated Cinola Mines Ltd., and Shore Gold Inc.

Ross Glanville, P.Eng., CGA, Director (40 years experience)

Experience in mining, exploration finance, valuations and fairness opinions. Director of Archon Minerals Limited, Clifton Star Resources Inc. and Starfield Resources

Inc. 5

FOU

ND

ER

S

6

Overview of SilverCrest

(1) Cash flow from operations before changes in working capital items.

(2) Silver equivalent (“AgEq”) ounces were calculated on a 60:1 gold-silver ratio in 2014. Going forward for 2015 the ratio being used is 66.7:1. All numbers are rounded.

(3) The Company uses performance indicators that are not defined according to IFRS. The Company presents these Non-IFRS performance measures to provide additional information

regarding the Company's financial results and performance.

Financial Highlights: 2014 2Q15

Cash flow from operations (1) (3)

13,768,201$ 8,051,663$

Cash cost per AgEq ounce sold (2) (3)

9.64$ 8.05$

All-in sustaining cash cost per AgEq ounce sold (2) (3)

14.35$ 10.97$

Revenues 45,132,599$ 20,731,379$

Net earnings (loss) (1,515,975)$ 3,866,560$ (non-cash impairment charge of $4.96 million in 2014)

Operating Highlights: 2014 2Q15

Silver ounces produced 1,157,021 681,302

Gold ounces produced 27,609 14,137

Silver equivalent ounces produced (2)

(Record Production in 2014!) 2,813,559 1,624,211

Capital Structure & Trading History

SVL SHARE STRUCTURE

Issued & Outstanding: 118,753,205

Options: 10,635,000

Fully Diluted Shares: 129,388,205

Weighted Avg. Option Price: CAD $1.75

TSX NYSE MKT

90 - Day Avg. Daily Volume: 335,873 177,649

52 Week High / Low: $2.35 / $0.87 $2.15/$0.65

Share Price (Aug 12, 2015): CAD $1.43

Market Cap: CAD $170M

Working Capital (June 30, 2015): $51.0 M

Cash and Cash Equivalents (June 30, 2015) $36.4 M

Available Line of Credit (drawdown $15 mill) $5 M

7

SHAREHOLDER DISTRIBUTIONS *

Fully Diluted (as of August 11, 2015)

* Source: Bloomberg, SilverCrest

9%

37%54%

Management &

Directors

Institutions

Retail

8

Financial PerformanceRevenue & Cash Flow Strong Working Capital of $51.0M

Cash Flow Per Share Earnings Per Share

¹ Due to lower mine operating earnings and non-cash impairment charges totalling

$4.96 million.

0

5

10

15

20

25

Q2 2014 Q3 2014 Q4 2014 Q1 2015 Q2 2015

Revenue

Cash flow

0

10

20

30

40

50

60

Q2

2014

Q3

2014

Q4

2014

Q1

2015

Q2

2015

US

D (

$ m

illi

on

s)

Working Capital

0.00

0.02

0.04

0.06

0.08

Q2 2014 Q3 2014 Q4 2014 Q1 2015 Q2 2015

Quarterly Cash Flow Per Share - $

-0.06

-0.04

-0.02

0.00

0.02

0.04

Q2 2014 Q3 2014 Q4 2014¹ Q1 2015 Q2 2015

Quarterly Earnings Per Share (Basic) - $

9

Santa Elena Production Growth

(*) Silver Equivalent ratios (Ag:Au) are as follows: 2010: 46:1 (using Kitco historical metal prices); 2011: 50.4:1 | 2012: 54.3:1 | 2013: 60.5:1 | 2014: 60:1 | 2015: 66.7:1

0

1,000,000

2,000,000

3,000,000

4,000,000

5,000,000

6,000,000

2010 2011 2012 2013 2014 2015*E

Ag

Eq

oz

pro

du

ced

*

Ag Oz Produced

AgEq Oz of Au Produced

EST

IMA

TE

D

PR

OD

UC

TIO

N

ESTIMATED PRODUCTION for 2015

Based on 3,000 tpd nominal rate;

PRODUCTION GUIDANCE for 2015:

4.7 – 5.1 Million AgEq ounces

10

Santa Elena Q2 2015 Production Data

(1) Production during Q2 2014 was only approximately 50% of the quarterly average in 2014 as a result of closing the open pit ahead of schedule, phasing out production from

the heap leach operation and starting up the new processing facility. Silver and gold ounces produced in Q2 2014 include ounces recovered from the leach pad and the new

processing facility.

(2) Estimated recoveries are as reported, based on calculated grade.

(3) The Silver equivalent (“AgEq”) ratio for 2015 is 66.7 and is calculated using metal prices of $1,200/oz for gold and $18/oz for silver. For consistency with, comparative

periods, the AgEq ratio reported during 2014 was changed from 60:1 to 66.7:1.

Santa Elena Mine Operating Statistics: Q2 2015 Q2 2014 (1)

% Change Q1 2015 % Change

Tonnes milled (t) 278,386 40,122 594% 271,392 3%

Average tpd milled 3,059 1,337 129% 3,015 1%

Average silver grade processed (gpt) 103.37 54.15 91% 88.27 17%

Average gold grade processed (gpt) 1.65 0.79 109% 1.66 -1%

Silver recovery (%) (2)

74% 62% 18% 60% 23%

Gold recovery (%) (2)

96% 78% 23% 91% 5%

Silver ounces produced 681,302 173,000 294% 465,391 46%

Gold ounces produced 14,137 3,995 254% 13,255 7%

AgEq ounces produced (3)

1,624,211 439,467 270% 1,349,527 20%

Silver ounces sold 515,070 163,026 216% 413,250 25%

Gold ounces sold 11,567 4,743 144% 11,748 -2%

AgEq ounces sold (3)

1,286,589 479,384 168% 1,196,842 7%

Ag : Au Ratio (3)

66.7:1 66.7:1 0% 66.7:1 0%

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Santa Elena Reserves & Resources (December 31, 2014)

SANTA ELENA RESERVES (DECEMBER 31, 2014)

CLASSIFICATION TONNES AU GPT AG GPT

CONTAINED

AU OZ

CONTAINED

AG OZ

SANTA ELENA UNDERGROUND DILUTED AND RECOVERABLE RESERVES*

PROBABLE 3,981,557 1.67 115.0 214,000 14,724,000

SANTA ELENA OPEN PIT RESERVES**

PROBABLE 121,706 2.75 117.0 11,000 458,000

SANTA ELENA LEACH PAD RESERVES (PAD ORE)***

PROBABLE 3,344,652 0.65 33.3 70,000 3,582,000

TOTAL SANTA ELENA RESERVES

PROBABLE 7,447,915 1.23 78.4 295,000 18,764,000

SANTA ELENA RESOURCES (DECEMBER 31, 2014) ****

INDICATED 1,117,033 1.39 89.7 50,000 3,220,000

INFERRED 564,074 1.69 106.53 31,000 1,932,000

Note: All numbers are rounded. Underground and Leach Pad Reserves and Resources are based on LOMP metal price trends of $19.50/oz

silver, $1,300/oz gold and metallurgical recoveries of 92% Au and 67.5% Ag. All Mineral Resources and Reserves conform to NI 43-101 and

Canadian Institute of Mining, Metallurgy and Petroleum definitions for Resources and Reserves. Inferred Resources have been estimated from

geological evidence and limited sampling and must be treated with a lower level of confidence than Indicated Resources.

* Underground Probable Reserve is based on a cutoff grade of 2.49 gpt AuEq with an estimated average 10% dilution and 90% mine recovery.

Average true thickness of the designed stopes is 10 metres.

** Open Pit Reserve is based on a cutoff grade of 0.20 gpt AuEq in a constrained pit shell with applied capping of 8 gpt Au and 300 gpt Ag.

*** Leach Pad Reserve is based on production and drill hole data for volumetrics and grade model using a cutoff grade of 0.5 gpt AuEq. No

capping was applied.

****Mineral Resources exclude Mineral Reserves and are based on a 1.5 gpt AuEq cut off grade using assumptions for prices and recoveries as

stated in note above. Capping was applied at 12 gpt Au and 700 gpt Ag.

12

Santa Elena LOM Production Profile (UPFS - December 31, 2014)

* Data derived from Technical Report: “Update to Santa Elena Pre-Feasibility Study, Sonora, Mexico" , effective date December 31, 2014, using

an average Ag:Au ratio of 64.5:1 on sold ounces for LOMP

0

1,000,000

2,000,000

3,000,000

4,000,000

5,000,000

6,000,000

2015 2016 2017 2018 2019 2020 2021 2022

Ag

Eq

oz

sold

*

Ag ounces sold

AgEq of Au ounces sold

Mexico Properties Santa Elena Property

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Santa Elena Mine

1. SANTA ELENA HIGH GRADE OPEN PIT

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Access Road to Site;

7km from National HIghway

4 Hour Drive to

Tucson, AZ2 Hour Drive to

Hermosillo and

International Airport

Excellent Infrastructure and Access

15

Santa Elena Underground Development & Stope Production

625 m level 600 m level

575 m level – stope #2 575 m level – stope #3

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Santa Elena Main Mineralized Zone Long Section

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Santa Elena Exploration – Advancing El Cholugo

Level

Development

Length

From (m) To (m)

Number of

Mine Face

Samples

Average

Vein

Width (m) Au (gpt) Ag (gpt)

625 0 35 52 3.9 9.48 392.8

including 2 2.4 21.62 532.8

600 0 50 61 3.3 4.32 225.7

including 2 2.5 6.69 263.1

575 0 15 19 2.7 13.45 701.7

including 4 1.4 29.75 1,359.0

Totals &

Weighted

Average 0 100 132 3.3 8.80 419.4

Grades are uncapped and undiluted

Santa Elena Mine

Ermitano West Target

Santa Elena 30/60 Program – Ermitano I Concession

Ermitano East Target

18

Durazno Target

Valentina Target

“Developing Regional Trend” (Santa Elena, Ermitano I&II, Cumobabi)

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• El Durazno drilling completed,

resulting in discovery of near

surface gold and silver

mineralization (refer to Feb. 19th,

2015 news release for details).

• Ermitano East drilling

completed; results pending.

• Commenced drilling at Valentina

target.

• 2015 exploration budget of $2.8

million

La Joya Project

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Geological ModelLocation: Durango, Mexico

• Excellent Infrastructure & Access: Highway, Railway and

Power Lines nearby

• 2 Hour Drive From Durango City & International Airport

• Existing Mines Nearby

Conceptual Starter Pit

• Inferred Resource Estimate (60 gpt cut-off used for PEA, Oct 21, 2013):

27.9 mill tonnes at 57.5 Ag gpt, 0.47 Cu% and 0.28 Au gpt which includes

92.9 mill AgEq Oz

• Metallurgical Test Results Summary in PEA, Oct 21, 2013 shows assays

over 30% Cu and over 4,000 gpt Ag in concentrate

La Joya Preliminary Economic Assessment – October 21, 2013

21

0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

$0

$50,000,000

$100,000,000

$150,000,000

$200,000,000

$250,000,000

$300,000,000

$350,000,000

NPV @5% VALUE IRR %

Ag US$/oz

Au US$/oz

Cu US$/lb

xxxxxx17.60

xxxxxxxx960

xxxxxxx2.40

xxxxxx19.80

xxxxxxx1080

xxxxxxx2.70

xxxxxx22.00

xxxxxx1200

xxxxxx3.00x

xxxxx24.20x

xxxxxx1320x

xxxxxx3.30x

xxxxx26.40x

xxxxxx1440x

xxxxxx3.60x

xxxxx28.60x

xxxxxx1560x

xxxxxx3.90

PRE TAX NPV @ 5%

LA JOYA PRELIMINARY ECONOMIC ASSESSMENT

SENSITIVITY ANALYSIS - COMMODITY PRICES

PRE TAX NPV - IRR

BASE CASE - STARTER PIT

� Pre-tax NPV @ 5% of $133 million and Internal Rate of Return

(“IRR”) of 30.5% (Base Case using $22/oz Ag, $1,200/oz Au and

$3/lb Cu). After-tax NPV @ 5% of $92 million and IRR of 22%.

� Pre-production CAPEX of $141 million, including $17 million

contingencies

� Cash cost for the first 3 years average $10 per oz AgEq

� Post-tax operating cash flow of $147.4 million

� 9 year LOMP with 15.5 M tonnes grading 50 gpt Ag, 0.33% Cu

and 0.19 gpt Au (based on Inferred Resources)

� LOM production of an est. 34.8 M AgEq oz, consisting of 19

million oz of Ag, 53,000 oz of Au and 93 million lbs of copper in

concentrate

� Production of an attractive high grade silver-copper

concentrate (averaging 35% Cu and 4kg/t Ag) with gold credits

The Company cautions that the PEA is preliminary in nature in that it is based on Inferred Mineral Resources which are considered too speculative geologically to have the economic considerations applied to them that would enable them to be characterized as mineral reserves, and there is no certainty that the PEA will be realized. Mineral resources that are not mineral reserves do not have demonstrated economic viability.

Research Coverage

Cormark Securities – Graeme Jennings

Dundee Capital Markets – Matthew O’Keefe

Global Maxfin Capital – Stuart McDougall

Haywood Securities – Benjamin Asuncion

National Bank Financial – Shane Nagel

PI Financial Corp – Philip Ker

Raymond James – Chris Thompson

Scotiabank – Craig Johnston

Institution

Libra Advisors 4.7%

RBC Global Asset Management 4.6%

Sprott Inc 3.6%

AGF Investments 3.4%

Global X Management Co 3.2%

Columbia Wanger Asset Management 2.9%

Global Strategy Financial 1.9%

Tocqueville Asset Management 1.5%

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Research and Institutional Holdings

Investment Highlights� Building The Next Mid-Tier Silver-Gold Producer

� High Grade, Low Cost Producer

� Strong Balance Sheet

� Positive Cash Flow

� Significant Increase In Production in 2015

� Organic Growth Opportunities

� Expanding Resources & Reserves

Upcoming Catalysts � Meeting Date and Shareholder Vote – Sept 25, 2015

� Closing of friendly acquisition by First Majestic

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Contact Us

Tel: (604) 694-1730

Toll Free: 1-866-691-1730

Fax: (604) 694-1761

info@silvercrestmines.com

www.silvercrestmines.com

Suite 501 - 570 Granville Street

Vancouver, BC V6C 3P1

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