SilverCrest Mines Inc. (TSX‐V: SVL; NYSE MKT: SVLC) is a Canadian precious metals producer headquartered in Vancouver, BC. SilverCrest’s flagship property is the 100%‐owned Santa Elena Mine, located 150 km northeast of Hermosillo, near Banamichi in the State of Sonora, México. The mine is a high‐grade, epithermal gold and silver producer, with an estimated life of mine cash cost of US$8 per ounce of silver equivalent (55:1 Ag: Au). SilverCrest anticipates that the 2,500 tonnes per day open pit heap leach facility at the Santa Elena mine should recover approximately 625,000 ounces of silver and 33,000 ounces of gold in 2013. An expansion plan is well underway to nearly double the annual metals production in 2014 at the Santa Elena Mine (open pit and underground). Exploration programs have rapidly advanced the definition of a large polymetallic deposit at the La Joya property in Durango State with stated resources nearing 200 million ounces of Ag equivalent.

1. Corporate Presentation
January 2014

2. Disclaimer
The 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 STATEMENTS
This 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 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 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 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., President & Chief Operating
Officer for SilverCrest Mines Inc., who has reviewed and approved its contents.
2

3. SilverCrest – Building The Next Mid-Tier Producer
SIMPLE & PROVEN BUSINESS
MODEL
ROBUST FINANCIAL
POSITION
SEASONED MANAGEMENT
WELL POSITIONED FOR
GROWTH
MAIN OBJECTIVE
• “Phased Approach”
• Good access and infrastructure
• Low initial cost and systematic exploration
• Environmental and community respect
• Attractive profit margins; fully funded
• Expertise to explore, develop and operate mining projects
• Santa Elena: Producing silver gold mine expanding to 3.3 - 3.6
Moz AgEq in 2014
• La Joya: Development Stage Project at PEA stage
• Organic Growth Through Low Cost Acquisitions
• Build a senior silver-gold producer (+10 Moz AgEq.) through
disciplined business strategy
3

4. FOUNDERS
Experienced & Successful Management Team
J. Scott Drever, BSc., Chairman & CEO (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., President & 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.
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

5. Overview of SilverCrest
BUILDING THE NEXT MID-TIER SILVER-GOLD PRODUCER IN MEXICO
2013
Production
First 9 Months
2013
Cash Cost
First 9 Months
2013
Revenues,
Earnings, Margin
Estimated
Production
•2,661,979 million Ag Eq oz*
•779K oz Ag | 31K oz Au
Reserves
Santa Elena
(April 30,2013)
•$ 7.82 per Ag Eq oz ($430 Au Eq)
•$13.15 per Ag Eq oz (ALL IN)
Resources
(April 30, 2013)
•19.7 million Ag oz
•327,430 Au oz
•open pit, underground, leach pads
•Santa Elena (Underground):
•Indicated: 7.9 mill Ag oz, 116,000 Au oz
•La Joya:
•Inferred: 198.6 million Ag Eq oz
•$ 42.03 million (Revenues)
•$ 12.8 million (Net Earnings)
•30%
Asset Stages
•1 Operating (Santa Elena)
•1 Development – PEA (La Joya)
•Exploration properties in Mexico
•2014: 3.3 - 3.6 million Ag Eq oz*
Geographic
Location
•Mexico: Sonora & Durango
*NOTE: Ag Eq based on 60.5:1 ratio
5

6. Capital Structure & Trading History
TSX.V
SVL SHARE STRUCTURE
Issued & Outstanding:
Options:
Fully Diluted Shares:
Average Option Price:
109,018,205
8,885,00
117,903,205
CAD $1.70
MKT
90 - Day Avg. Daily Volume:
52 Week High / Low:
152,967
$2.75 / $1.19
Share Price (Jan. 16, 2014):
Market Cap:
Working Capital (Sept. 30, 2013):
Line of Credit (Scotiabank; LIBOR +3%; undrawn)
NYSE
208,068
$2.78/$1.13
CAD $2.10
CAD $229M
$30.9 M
$40 M
SHAREHOLDER DISTRIBUTIONS
Fully Diluted (as of December 31, 2013)
8%
Management &
Directors
32%
60%
Institutions
Retail
6

7. Financial Performance
Cash Flow per month in first 9 months of $2.3 M
Strong Working Capital of $30.9 M
Revenue & Cash Flow
Working Capital
20.00
10.00
Revenue
5.00
Cash flow
Q3 2011
Q4 2011
Q1 2012 ¹
Q2 2012
Q3 2012
Q4 2012
Q1 2013
Q2 2013
Q3 2013
-
¹ Higher grade areas were mined in this quarter.
60
50
40
30
20
10
0
Working Capital
Q3 2011
Q4 2011
Q1 2012
Q2 2012
Q3 2012
Q4 2012 ¹
Q1 2013
Q2 2013
Q3 2013
15.00
USD ($ millions)
USD ($ millions)
25.00
September 30, 2013
¹ Higher working capital due to bought deal financing and cash flow from operations.
Cash Flow Per Share
Earnings Per Share
0.20
0.15
0.15
0.10
0.10
0.05
0.05
0.00
0.00
Q4
Q1
Q2
Q3
Q4
Q1
Q2
Q3
2011 2012 2012 2012 2012 2013 2013 2013
Quarterly Cash Flow Per Share - $
Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3
2011 2011 2012 2012 2012 2012 2013 2013 2013
Quarterly Earnings Per Share (Basic) - $
7

8. Cash Operating Cost & ALL IN Cash Operating Cost
2013 EST Budget
Cash operating cost ¹
2012
General and Admin expenses
Santa Elena Reserve & Resource definition drilling
Santa Elena Sustaining capital
$
$
$
$
19,822,454
7,273,798
4,705,000
901,540
18,307,681
5,568,582
5,644,469
1,703,919
Total 2013 est. expense
$
32,702,792
31,224,651
2,432,136
2,477,623
Ag equiv. ounces sold
Cash Cost per Ag equiv. ounce sold
$
8.50
7.39
ALL IN cash cost per Ag equiv. ounce sold ²
$
13.45
12.60
¹ 2013 EST does not reflect inventory adjustments
² ALL IN” includes total direct costs + sustaining capital + corporate G&A expense + exploration expense.
8

9. Reserve and Resource Growth (AgEq oz*)
(Includes Santa Elena, La Joya and Cruz de Mayo)
300,000
250,000
AgEq oz* (000)
200,000
150,000
Reserve
Indicated
100,000
Inferred
50,000
0
2006
2007
2008
2009
2010
2011
2012
2013
Reserve
0
0
30,605
30,605
30,605
27,032
21,695
37,743
Indicated
13,805
43,548
10,994
24,782
24,782
39,436
9,163
16,779
Inferred
17,565
25,418
28,005
28,069
28,069
32,866
125,952
223,712
Note: (*) Silver equivalency is based on Ag:Au 55:1 for Santa Elena (Ag Au dore producer) and Cruz de Mayo; for La Joya it includes silver, copper and gold :Ag:Au is 50:1, Ag:Cu
is 86:1 (La Joya is a silver copper concentrate with gold credits project at the PEA stage); all numbers are rounded.
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.
9

10. Santa Elena Historical Production Data
2014 Estimated Production:
3.3-3.6 million oz AgEq (using
60:1 Ag:Au ratio)
(*) 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
10

11. Mexico Properties
Santa Elena Property
11

12. Santa Elena Mine Expansion
4 Hour Drive
to Tucson, AZ
1. SANTA ELENA HIGH GRADE OPEN PIT
2 Hour Drive to
Hermosillo and
International Airport
Access Road to Site;
7km from National
HIghway
Waste Dumps
3-stage Crusher
Future 2nd Underground
Access Portal
Merrill Crowe Processing Plant
And Laboratories
Process Plant
Construction
Ore Reclamation Tunnels
Crusher Screen Decks
And Conveyors
Access road to Underground
Portal
Excellent Infrastructure and Access
12

13. Santa Elena Open Pit and Underground
U/G Development proceeding according to schedule
Open Pit Operation
13

14. Santa Elena Expansion - Construction
Leaching and CCD Tanks
Ball Mill Arrived On Site
14

15. Santa Elena Mine Expansion Plan Capex Schedule
($ Millions)
TOTAL
2014
EST 2013
2012
2011
(Budget)
Mill Complex (1)
62.6
13.8
43.5
5.3
0
Underground Development
14.8
5
5.6
3.2
1
Underground Mine Equipment
7.7
7
0.7
0
0
Resource Expansion Drilling & Pre-Feasibility
13.9
1.5
5.8
5.6
1
99
27.3
55.6
14.1
2
(1) $10 million is carried over from 2013 approved budget.
 UG development progressed to 2,265 metres, incl. lateral development and decline ramp
 3,000 tpd conventional mill start-up late Q1 2014; potentially commissioning in Q2 2014
 Mill feed initially from open pit and then transitioning to underground/leach pad ore mix
later in 2014
15

16. Santa Elena Mine Expansion – Pre-Feasibility Study, April
Item
Base Case
Spot Price
2013
Gold Price (US$/oz.)
1. SANTA ELENA HIGH GRADE OPEN PIT
Silver price (US$/oz.)
IRR (%)
DCF NPV @ 5% in millions
Payback (production years)
$ 1,450
$ 1,250
$ 28
88%
$223.7
1.1
$ 19.5
49%
$108.7
1.7
Base Case Economic Analysis Results ¹ - Life of Mine
Production
Gold Ounces Sold - post refiner
Silver Ounces Sold - post refiner
Revenue US$(000)
Gross Sales
Operating Expenses
Total Operating Costs ²
Freight & Refining
Capital Expenses
Total Capital Costs ³
Pre-Tax Cash Flow
Total Cash Flow ⁴
262,739
12,118,926
US$(000)
$684,931
$282,223
$5,579
$87,813
$302,481
1 The economic analysis considers SilverCrest delivering a remaining 31,000 ounces of gold at a price of US$350/oz. under the Sandstorm Agreement. It does not include the effect of the
option held by Sandstorm to participate in the future underground mine production.
2 Operating cost per AgEQ oz. sold varies between $9.6 and $12.6 over the life of mine
3 Excludes sunk costs ,of 24.3 million up to April 30, 2013, closure costs and working capital, including contingency
4 Includes deductions of $5 million for closure costs and $1.8 million for working capital
16

17. Santa Elena Expansion Production Profile (3000 tpd Mill)
Long Hole Stoping Upfront
1. SANTA ELENA HIGH GRADE OPEN PIT
Long
Ag Eq Oz's of Au Produced
Currently - Open Pit
Ounces
7,000,000
6,000,000
5,000,000
4,000,000
Ag Oz's Produced
POTENTIAL FOR EXTENDING OR INCREASING
PRODUCTION:
A) Additional Santa Elena Resources
B) La Joya Coming On Stream
3,000,000
2,000,000
1,000,000
0
2013
OP/HL
2014
OP/Mill
2015
2016
U/G-HL Blend
Expansion #2
2017
2018
2019
2020
2021
Au : Ag - 55:1
NOTE : Production Profile based on “Expansion PFS April 2013” results.
An estimated 750,000 tonnes of open pit ore will be placed on the pad in 2013 and accounted for in early 2014 as additional ore for reprocessing during the
mine life.
17

18. Santa Elena Mine – El Cholugo and Tortuga Discoveries
B
Tortug
a
Underground
Ramp
El
Cholugo
A’
A
Open Pit
Tortuga
In Pit Wall
B’
Main Mineralized Zone
El Cholugo
In Pit Wall
N
100m
18

19. Santa Elena Mine Expansion – MMZ Long Section A-A’ *
Tortuga
5.3 m @ 10.5 gpt Au, 572.5 gpt
Ag
Original Surface
Location
U/G drilling completed
(1st Production Stopes)
Ultimate Pit
Current Ramp
OPEN
148
155 180
142 158 182 179
161
145
183
168 171
151
152
165
176
173
OPEN
144
OPEN
181
175
160
El Cholugo & El Cholugo Dos
166
OPEN
13.4 m @ 1.8 gpt Au, 207 gpt Ag
1.2 m @ 3.9 gpt Au, 1,239.5 gpt Ag
200m
*Looking North – Ultimate pit and U/G development: Est. Reserves in pink and Est. Resources in grey.
Drill holes: red dots 2005-2011, blue 2012-13, green stars Newly Reported
19

20. La Joya Project
Location: Durango, Mexico
Geological Model & Completed Phase I & II Drill
Program
Conceptual Starter
Pit
Excellent Infrastructure & Access:
Highway,
Railway and Power
Lines nearby
2 Hour Drive From Durango City &
International Airport
20

21. La Joya Preliminary Economic Assessment – Sept. 2013
$350,000,000
$300,000,000
60.0%
LA JOYA PRELIMINARY ECONOMIC ASSESSMENT
SENSITIVITY ANALYSIS - COMMODITY PRICES
PRE TAX NPV - IRR
 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)
50.0%
 Pre-production CAPEX of $141 million, including $17
million contingencies
$250,000,000
40.0%
NPV @5% VALUE
IRR %
$200,000,000
 Cash cost for the first 3 years average $10 per oz AgEq
30.0%
 Pre-tax operating cash flow of $342.5 million; first 4 years
averaging $60 million per year
20.0%
 9 year LOMP with 15.5 M tonnes grading 50 gpt Ag,
0.33% Cu and 0.19 gpt Au
$150,000,000
PRE TAX NPV @ 5%
$100,000,000
10.0%
$50,000,000
$0
Ag US$/oz
Au US$/oz
Cu US$/lb
BASE CASE - STARTER PIT
xxxxxx17.60 xxxxxx19.80 xxxxxx22.00 xxxxx24.20x xxxxx26.40x xxxxx28.60x
xxxxxxxx960 xxxxxxx1080 xxxxxx1200 xxxxxx1320x xxxxxx1440x xxxxxx1560x
xxxxxxx2.40 xxxxxxx2.70 xxxxxx3.00x xxxxxx3.30x xxxxxx3.60x xxxxxx3.90
 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
0.0%
 Production of an attractive high grade silver-copper
concentrate (averaging 35% Cu and 4kg/t Ag) with gold
credits
21

22. La Joya Resource Estimate & Metallurgy
Current Resource Estimate (60 gpt cut-off used for PEA)
ZONE
Ag Eq* Cut-off
gpt
Total
15
Tonnage
(000)
Cu %
Ag Eq gpt
Ag Oz
(000)
Au oz
(000)
Cu lbs (000)
Ag Eq* Oz
(000)
Ag gpt
Au gpt
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.
Metallurgical Testing – Baseline*
3RD CLEANER CONCENTRATE (Excluding Leaching)
COMPOSITE
ORE TYPE
HEAD ASSAY
ASSAY
RECOVERY(%)
Cu%
Ag g/t
Au g/t
Cu%
Ag g/t
Au g/t
Cu
Ag
Au
Manto
0.35
47
0.19
36.6
4460
12.9
86
77
55
Structure
0.46
64
0.27
33.7
4300
9.61
84
77
40
(*) Source of metallurgical study results :PEA summary dated Oct 21, 2013.
22

23. La Joya Exploration Potential
 10,600
hectare land
package
within the
Fresnillo
Silver Trend
 Operating
mines
nearby
23

24. Institutional Holdings
Institutional Investors
Analyst Coverage
Firm
Analyst
 Sprott Inc
 Cormark Securities
Graeme Jennings
 Libra Advisors
 Dundee Capital
Chris Lichtenheldt
 AGF Investments
 Euro Pacific Capital Inc.
Heiko Ihle
 Haywood Securities
Benjamin Asuncion
 PI Financial Corp
Philip Ker
 Raymond James
Chris Thompson
 Roth Capital
Joe Reagor
 Stonecap Securities
Christos Doulis
 Wellington Management
 JP Morgan Chase
 Global X Management
 Global Strategy Financial
 JP Morgan Asset Management
 Tocqueville Asset Management
 IG Investment Management
 US Global Investors Inc
24

25. Investment Highlights







Building The Next Mid-Tier Silver-Gold Producer
Unhedged High Grade, Low Cost Producer
Excellent Profit Margins, Strong Balance Sheet
Strong Earnings And Cash Flow
Significant Increase In Production in 2014
Good Organic Growth Opportunities
Expanding Resources & Reserves
Upcoming Catalysts






Annual Financial Statements
Focus on “Meet or Beat” Market Guidance
Santa Elena Expansion Updates
Santa Elena Exploration Results, incl. U/G drill results
Initial Mill Start Up in late Q1 2014
Potential Property Acquisitions – 30/60 km program
Above: Crushing and Screening Area | Below: Santa Elena Construction
25

26. Peer Comparables – AgEq All-In Cash Costs
35
31.02
30
All-in cash costs (US$/oz)
30.50
30.83
27.91
25.72
25.32
25
23.55
25.16 24.59
23.25
22.07
20.74
20
21.00
20.97
19.89
17.86
17.64
16.47
25.13
14.49
15
12.72
10
6.32
6.02 5.86
5
0
SLW
SVL
EDR
FR
Q1
PAA
Q2
FVI
CDE
SSO
Q3
Source: Dundee Capital Markets, “Silver Equities” report dated November 25, 2013
26

27. Contact Us
Tel: (604) 694-1730
Toll Free: 1-866-691-1730
Fax: (604) 694-1761
info@silvercrestmines.com
www.silvercrestmines.com
SILVERCRESTMINES.COM
MEDIA
PRESENTATIONS
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Suite 501 - 570 Granville Street
Vancouver, BC V6C 3P1
27