Corporate PresentationJune 2013

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.

FORWARD-LOOKING STATEMENTSThis presentation 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 describedin 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. he information contained herein is nota a substitute for detailed investigation or ‐analysis. No securities commission or regulatory authority has reviewed the accuracy or adequacy of the information presented.All monetary figures are expressed in United States dollars unless otherwise specified.

Qualified PersonUnder National Instrument (NI 43-101) Standards of Disclosure for Mineral Projects, the Qualified Person for this presentation is N. Eric Fier, CPG, P.Eng. and Chief Operating Officer for SilverCrest Mines Inc., who has reviewed and approved its contents.

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Overview of SilverCrest Building The Next Mid-Tier Silver Producer

•2.37 million Ag Eq oz•579K oz Ag | 33K oz Au2012

Production•$ 7.39 per Ag Eq oz ($406 Au Eq)•$11.60 per Ag Eq oz (ALL IN)2012

Cash Cost

•$ 30.5 million•43%2012

Earnings & Margin

•21.7 million Ag Eq ozReserves•Indicated: 9.2 million Ag Eq oz •Inferred: 222.6 million Ag Eq oz

Resources

•1 Operating (Santa Elena)•1 Development – PEA (La Joya)

Asset Stages

•2013: 2.44 million Ag Eq oz•2014: 3.5 – 4 million Ag Eq ozEstimated

Production

•Mexico: Sonora & DurangoGeographic Location

Experienced Management TeamJ. Scott Drever, BSc., President (45 years experience) Strategic Planning, Mergers & Acquisitions. Management and operational experience with several production companies, including Placer Dome and Blackdome Mining.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.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.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, 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. Graham C. Thody, CA, Director (30 years experience)Corp. finance and public company management. Director and President 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. 4

FOU

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Capital Structure & Trading HistorySVL SHARE STRUCTUREIssued & Outstanding: 108,593,205Options: 6,575,000Fully Diluted Shares: 115,128,205Average Option Price: CAD $1.41

MANAGEMENT & KEY SHAREHOLDERS Fully Diluted J. Scott Drever, President: 2,141,226Barney Magnusson, CFO: 2,320,727N. Eric Fier, COO: 2,057,027Sprott Asset Management: 8.0%Libra Advisors: 6.0%Wellington Management: 5.8%AGF Investments: 3.9%J.P. Morgan Chase & Co: 1.5%Independent Directors: 1,360,500

TRADING SUMMARY TSX.V NYSE MKT90 - Day Avg. Daily Volume: 242,125 187,10552 Week High / Low: $2.96 / $1.57 $3.05/$1.52Share Price (May 27, 2013): CAD $1.84Market Cap: CAD $200 MWorking Capital (March 31, 2013): $49 M

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Strong Financial Performance

Revenue & Cash Flow Growth

Strong Working Capital of$ 49 Million at March 31, 2013

¹ The second quarter of 2011 was the first period whereby revenues and expenses were presented in the statement of operations.² Higher grade areas were mined in this quarter.

¹ Higher working capital due to bought deal financing and cash flow from operations.

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5.00

10.00

15.00

20.00

25.00

RevenueCash flow

USD

($ m

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0102030405060

Working Capital

Working Capital

USD

($ m

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Financial Performance on a per share basis

2011 20120.00

0.05

0.10

0.15

0.20

0.25

0.30

0.35

0.40

0.45

Annual CFPS & EPS

CFPS EPS

Note: Earnings impacted by derivative losses

Q2 2011 Q3 2011 Q4 2011 Q1 2012 Q2 2012 Q3 2012 Q4 2012 Q1 20130.000.020.040.060.080.100.120.140.16

Quarterly Earnings Per Share (Basic) - $

Q2 2011 Q3 2011 Q4 2011 Q1 2012 Q2 2012 Q3 2012 Q4 2012 Q1 20130.00

0.02

0.04

0.06

0.08

0.10

0.12

0.14

0.16

Quarterly Cash Flow Per Share - $

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Cash Operating Cost & ALL IN Cash Operating Cost

2012 2011

Cash operating cost per income statement $ 18,307,681 9,526,888General and Admin expenses $ 5,568,582 4,093,438Santa Elena Reserve definition drilling $ 3,164,152 - Santa Elena Sustaining capital $ 1,703,919 1,450,589

All-in sustaining cash cost $ 28,744,334 15,070,915

Cash Cost per silver equivalent ounce¹ $ 7.39 7.79

ALL IN cash cost per silver equivalent ounce ¹ $ 11.60 9.60¹ Based on 2,477,623 silver equivalent ounces sold in 2012, and based on 1,570,106 silver equivalent ounces sold in 2011.“ALL IN” includes total direct costs + sustaining capital + corporate G&A expense (net of stock option expense) + exploration expense.

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Mine Operating Earnings Per Tonne Per tonne of ore loaded on pads 2013E 2012 2011

Revenue $ 53 ³ $ 61 $ 42 ¹

Cash cost $ (17) $ (16) $ ( 9) ²

Depletion, depreciation and accretion $ ( 6) $ ( 5) $ ( 3)

Mine operating earnings per tonne $ 30 $ 40 $ 29

¹ Footwall ore with a slower recovery cycle was placed on the pad initially in 2011.² Low strip ratio in 2011 due to mining of footwall material.³ Estimates of $1450 for Au and $26 for Ag were used.

CLASSIFICATION* TONNES AU GPT

AG GPT

CONTAINED AU OZ CONTAINED AG OZ

PROBABLE 3,920,510 1.57 108.1 198,170 13,624,640

PROBABLE 1,426,710 1.52 66.8 69,830 3,062,200

PROBABLE 2,844,530 0.65 33.3 59,420 3,048,200

SANTA ELENA UNDERGROUND DILUTED AND RECOVERABLE RESERVES**

SANTA ELENA OPEN PIT RESERVES***

INDICATED 2,142,820 1.69 114.9 116,000 7,919,000

INFERRED 1,489,750 1.50 155.6 72,000 7,453,000

SANTA ELENA UPDATED RESERVES AND RESOURCES

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SANTA ELENA LEACH PADS RESERVES****

SANTA ELENA UNDERGROUND RESOURCES*****

PROBABLE 8,191,760 1.24 74.9 327,430 19,735,050TOTAL SANTA ELENA RESERVES

Note: All numbers are rounded. Underground and Leach Pad Reserves and Resources are based on 3 year historic metal price trends of US$28/oz silver, US$1450/oz gold and metallurgical recoveries of 92% Au and 67.5% Ag with a metal ratio of Ag:Au at 70:1. All Mineral Resources and Reserves conform to NI 43-101, 43-101CP, and CIM 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.*Open Pit and Leach Pad Probable Reserves were classified by SilverCrest. Underground Reserves and Resources were classified by EBA, a Tetra Tech Company. **Underground Probable Reserve is based on a cutoff grade of 1.47 gpt AuEq with an average 11% dilution and 90% mine recovery. Average true thickness of the designed stopes is 13.4 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 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.*****Underground Resources are based on 1 gpt AuEq grade shell and cutoff grade of 1.4 gpt AuEq with applied capping of 12 gpt Au and 600 gpt Ag.

Mexico Properties Santa Elena Properties

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♦ ♦

♦

♦

♦ Existing Mines

Santa Elena Mine 1. SANTA ELENA HIGH GRADE OPEN PIT

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CCD Circuit Construction Site

3-Stage Crusher

Open Pit

Santa Elena Production Data

(1) Silver equivalence is based on market spot prices per ounce of silver and gold at the quarter end dates. All numbers are rounded.(2) Sandstorm Agreement: 20% gold stream at $350/oz

Santa Elena Mine Operating Highlights Q1 2013 Q4 2012 YTD 2012Silver ounces produced 153,481 153,863 579,609Gold ounces produced (2) 7,225 7,831 33,004

Silver equivalent ounces produced 556,667 588,948 2,371,755Silver ounces sold 157,088 171,714 588,312Gold ounces sold 7,370 8,444 34,834Silver equivalent ounces sold 568,380 640,856 2,477,623Tonnes ore mined 257,726 301,295 1,092,305Tonnes waste mined 1,100,362 924,927 4,640,700Waste / ore ratio 4.27 3.07 4.25Ore tonnes crushed 252,830 308,693 1,157,226Average ore tonnes crushed per day 2,809 3,355 3,162Average silver ore grade (gpt) loaded on pad 62.09 59.59 47.95Average gold ore grade (gpt) loaded on pad 1.54 1.42 1.43Silver ounces delivered to pad 504,711 591,441 1,784,118Gold ounces delivered to pad 12,536 14,089 53,296Ag: Au Ratio (1) 55.8:1 55.6:1 54.3:1

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Santa Elena Mine Expansion Plan Capex Schedule

($ Millions) TOTAL 2013(Budget)

2012 2011

Mill Complex 58.7 53.2 5.5 -

Underground Development 12.3 7.8 3.5 1.0

Drilling & Pre-Feasibility 9.5 3.5 5.0 1.0

80.5 64.5 14.0 2.0

Pre Feasibility in Q2|2013 Decline ramp, UG development and drilling in process Construct, 3,000 tonnes per day conventional mill by Q1 2014 Mill feed from Open Pit and Underground in 2014

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Potential Mill Feed Schedule 2013 - 2024

Source 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024

Open Pit (until August 2014)

Underground (to commence Q3|2014)

Heap Leach Reprocessing (to commence Q3|2014)

Cruz de Mayo

(1)

(2)

Note (1): Resources (hatched)Note (2): Open pit heap leach material still to be put on pad in 2013 (hatched)

Santa Elena Expansion - Mill Plan (Ultimate Foot Print)

Open Pit

Leach PadPhase 1

Leach Pad Phase 2

Merrill Crowe Plant

Future CrushingCircuit

Waste Dump

Future CCDCircuit , 3000 tpd

Underground Decline Portal

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Production Well

A

A'

Santa Elena Production Expansion - Long Section

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La Joya Project: Geological Model - Phase I & II Drill Program (completed)

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Conceptual Starter Pit

La Joya Exploration Potential

La Paloma

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La Joya NI 43-101 Resource Estimate & Preliminary Metallurgy

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ZONEAg Eq* Cut-off

gptTonnage

(000) Ag gpt Au gpt Cu % Ag Eq gptAg Oz (000)

Au oz (000) Cu lbs (000)

Ag Eq* Oz (000)

Total 15 126,700 23.5 0.17 0.19 48.7 95,900 716.2 533,200 198,600 30 71,200 34.4 0.22 0.28 69.8 78,700 524.8 436,800 159,800 60 27,900 57.5 0.28 0.48 112.2 51,600 258.8 288,400 100,800

**Classified by EBA, A Tetra Tech Company and conforms to NI 43-101, 43-101CP, and CIM definitions for resources. All numbers are rounded. Inferred Resources have been estimated from geological evidence and limited sampling and must be treated with a lower level of confidence than Measured and Indicated Resources. Mineralization boundaries used in the interpretation of the geological model and resource estimate are based on a cutoff grade of 15 gpt Ag Eq using the metal price ratios described below.

Note: all the metal grades are based on weighted average values.* Silver equivalency (Ag Eq) includes silver, gold and copper and excludes lead, zinc, molybdenum and tungsten values. Ag:Au is 50:1, Ag:Cu is 86:1, based on 5 year historic metal price trends of US$24/oz silver, US$1200/oz gold, US$3/lb copper.** Contact composite was collected and analyzed to target tungsten and molybdenum recoveries.

Batch Cleaner Flotation Test Results – Baseline

Current Resource Estimate (PEA focus on 60 gpt cut-off)

Composite Head Assay

3rd Cleaner Concentrate

Assay Recovery (%)

Cu % Ag gpt Au gpt Ag Eq* gpt Mo % Cu % Ag gpt Au gpt Ag Eq* gpt Mo % Cu Ag Au Mo Manto 0.34 45.0 0.15 81.7 0.004 36.3 4,700 3.40 7,991 0.27 86.7 84.3 18.2 59.6

Structure 0.46 58.0 0.25 110.0 0.003 34.3 3,980 9.45 7,402 0.17 82.7 76.7 42.4 59.7

Contact** 0.07 4.0 0.10 15.0 0.011 16.7 670 17.40 2,976 2.02 83.6 63.7 66.4 65.4

La Joya Resource Sections A-A’ (Looking NE)

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“Potential Starter Pit Parameters”: 8-10 year mine life Low strip ratio 5,000 – 7,000 tpd throughput Est. 4 to 5 million Ag Eq oz

Investment Highlights Unhedged High Grade, Low Cost Producer Excellent Profit Margins Strong Earnings And Cash Flow Significant Increase In Production by 2014 Good Organic Growth Opportunities Expanding Resources & Reserves Building The Next Mid-Tier Silver Producer Personnel In Place For Future Growth

Upcoming Catalysts 2013 Quarterly Production Data & Financial Statements Santa Elena Expansion Pre-Feasibility Study Revised Corporate Resources & Reserves Revised Life of Mine Plan Santa Elena Expansion Updates Santa Elena Exploration Results La Joya moving to PEA status in 2013

22Santa Elena CCD Tank Construction

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Institutional Holdings Analyst CoverageInstitutional Investors

Sprott Inc

Libra Advisors

Wellington Management

AGF Investments

JP Morgan Chase

IG Investment Management

Global X Management

Global Strategy Financial

Great West Life

US Global Investors

Firm Analyst

Canaccord Genuity Nicholas Campbell

Cormark Securities Graeme Jennings

Dundee Capital TBA

Euro Pacific Capital Inc. Heiko Ihle

Global Hunter Securities Jeff Wright

Haywood Securities Benjamin Asuncion

Jennings Capital Kwong-Mun Achong Low

PI Financial Corp Philip Ker

Raymond James Chris Thompson

Roth Capital Partners Brian Post

Stonecap Securities Christos Doulis

Scorpio Minng

Great Panther

SilverCrest

Aurcana Silver

Timmins

Fortuna Silver

Endeavour Silver

7.1

5.5

30.5

10

36.1

31.5

42.1

94.2

115.8

197.6

126.2

331.4

360.9

418.7

Peer Comparables - May 22, 2013Market Capitalization 2012 Earnings

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Peer Comparables – Market Capitalization & Earnings

Source: Company disclosure and Bloomberg

$ M

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ns

Contact Us

Tel: (604) 694-1730 Toll Free: 1-866-691-1730 Fax: (604) 694-1761info@silvercrestmines.com www.silvercrestmines.comSuite 501 - 570 Granville StreetVancouver, BC V6C 3P1

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