Corporate PresentationDecember 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 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 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., President & Chief Operating Officer for SilverCrest Mines Inc., who has reviewed and approved its contents.

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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

•Attractive profit margins; fully funded

ROBUST FINANCIAL POSITION

•Expertise to explore, develop and operate mining projects

SEASONED MANAGEMENT

•Santa Elena: Producing silver gold mine expanding to 3.5 Moz AgEq in 2014

•La Joya: Development Stage Project at PEA stage

•Organic Growth Through Low Cost Acquisitions

WELL POSITIONED FOR GROWTH

•Build a senior silver-gold producer (+10 Moz AgEq.) through disciplined business strategy

MAIN OBJECTIVE

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

FO

UN

DER

S

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Overview of SilverCrest

BUILDING THE NEXT MID-TIER SILVER-GOLD PRODUCER IN MEXICO

•1,865,222 million Ag Eq oz

•550K oz Ag | 21.9K oz Au

First 9 Months 2013

Production

•$ 7.82 per Ag Eq oz ($430 Au Eq)

•$13.15 per Ag Eq oz (ALL IN)

First 9 Months 2013

Cash Cost

•$ 42.03 million (Revenues)

•$ 12.8 million (Net Earnings)

•30%

First 9 Months 2013

Revenues,Earnings, Margin

•19.7 million Ag oz

•327,430 Au oz

•open pit, underground, leach pads

ReservesSanta Elena

(April 30,2013)

•Santa Elena (Underground):•Indicated: 7.9 mill Ag oz, 116,000 Au oz

•La Joya:•Inferred: 198.6 million Ag Eq oz

Resources*(April 30, 2013)

•1 Operating (Santa Elena)

•1 Development – PEA (La Joya)

•Exploration properties in Mexico

Asset Stages

•2013: 2.4 million Ag Eq oz

•2014: 3.5 million Ag Eq oz

Estimated Production

•Mexico: Sonora & Durango

Geographic Location

NOTE: Ag Eq based on 55:1 ratio

Capital Structure & Trading History

SVL SHARE STRUCTURE

Issued & Outstanding: 108,918,205Options: 6,250,000Fully Diluted Shares: 115,168,205Average Option Price: CAD $1.70

TSX.V NYSE MKT

90 - Day Avg. Daily Volume: 160,403 255,79752 Week High / Low: $2.79 / $1.19 $2.87/$1.13

Share Price (Nov. 28, 2013): CAD $1.72Market Cap: CAD $187MWorking Capital (Sept. 30, 2013): $30.9 MLine of Credit (Scotiabank; LIBOR +3%; undrawn) $40 M

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SHAREHOLDER DISTRIBUTIONS Fully Diluted (as of November 18, 2013)

8%

32%

60%

Management & Direc-tors

Institutions

Retail

$2.24

$1.20

$1.64

12 Month Relative Price Performance

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Financial Performance

Revenue & Cash Flow Cash Flow per month in first 9 months of $2.3 M

Strong Working Capital of $30.9 M

¹ Higher grade areas were mined in this quarter. ¹ Higher working capital due to bought deal financing and cash flow from operations.

Cash Flow Per Share Earnings Per Share

Q3 2011

Q4 2011

Q1 2012

Q2 2012

Q3 2012

Q4 2012

Q1 2013

Q2 2013

Q3 2013

0.000.020.040.060.080.100.120.140.16

Quarterly Earnings Per Share (Basic) - $

Q4 2011

Q1 2012

Q2 2012

Q3 2012

Q4 2012

Q1 2013

Q2 2013

Q3 2013

0.000.020.040.060.080.100.120.140.16

Quarterly Cash Flow Per Share - $

-

5.00

10.00

15.00

20.00

25.00

RevenueCash flow

USD

($ m

illio

ns)

0102030405060

Working Capital

Working Capital

USD

($ m

illio

ns)

September 30, 2013

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Cash Operating Cost & ALL IN Cash Operating Cost

2013 EST Budget 2012

Cash operating cost ¹ $ 19,822,454 18,307,681General and Admin expenses $ 7,273,798 5,568,582Santa Elena Reserve & Resource definition drilling $ 4,705,000 5,644,469 Santa Elena Sustaining capital $ 901,540 1,703,919

Total 2013 est. expense $ 32,702,792 31,224,651

Ag equiv. ounces sold 2,432,136 2,477,623

Cash Cost per Ag equiv. ounce sold $ 8.50 7.39

ALL IN cash cost per Ag equiv. ounce sold ² $ 13.45 12.60¹ 2013 EST does not reflect inventory adjustments² ALL IN” includes total direct costs + sustaining capital + corporate G&A expense + exploration expense.

Reserve and Resource Growth (AgEq oz*)(Includes Santa Elena, La Joya and Cruz de Mayo)

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2006 2007 2008 2009 2010 2011 2012 2013

Inferred 17565 25418 28005 28069 28069 32866 125952 223712

Indicated 13805 43548 10994 24782 24782 39436 9163 16779

Reserve 0 0 30605 30605 30605 27032 21695 37743

25,000

75,000

125,000

175,000

225,000

275,000

ReserveIndicatedInferred

AgEq

oz*

(000

)

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.

FOCUSED ON SYSTEMATIC GROWTH

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Santa Elena Historical Production Data

(*) 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: 60.1:1

2010 2011 2012 20130

500,000

1,000,000

1,500,000

2,000,000

2,500,000

Ag oz Produced

AgEq oz of Au Produced

Ag

Eq

oz

pro

du

ced

*

(First 9 months 2013)

2013 Market Guidance: 2.4 million oz AgEq consisting of 725,000 oz of Ag and 30,000 oz of Au.45% increase expected in 2014.

Mexico Properties Santa Elena Property

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Santa Elena Mine Expansion

1. SANTA ELENA HIGH GRADE OPEN PIT

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Access Road to Site;7km from National

HIghway

Access road to UndergroundPortal

3-stage Crusher

Waste Dumps

Crusher Screen DecksAnd Conveyors

Process Plant Construction

Merrill Crowe Processing PlantAnd Laboratories

Ore Reclamation Tunnels

4 Hour Drive to Tucson, AZ

2 Hour Drive to Hermosillo and International Airport

Excellent Infrastructure and Access

Future 2nd UndergroundAccess Portal

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Santa Elena Open Pit and Underground

Open Pit Operation

U/G Development proceeding according to schedule

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Santa Elena Expansion - Construction

Ball Mill Arrived On Site

Leaching and CCD Tanks

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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 12.6 8.1 3.5 1.0

Drilling & Pre-Feasibility 10.7 4.7 5.0 1.0

(*) Excludes $5 M contingency included in PFS

82.0 ⁽*⁾ 66.0 14.0 2.0

Pre Feasibility released in July 2013 Decline ramp and UG development in process Construct, 3,000 tonnes per day conventional mill by Q1 2014 Mill feed from Open Pit and Underground/Leach Pads in 2014

Santa Elena Mine Expansion – Pre-Feasibility Study, April 2013

1. SANTA ELENA HIGH GRADE OPEN PIT

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Item Base Case Spot Price

Gold Price (US$/oz.) $ 1,450 $ 1,250

Silver price (US$/oz.) $ 28 $ 19.5 IRR (%) 88% 49%

DCF NPV @ 5% in millions $223.7 $108.7 Payback (production years) 1.1 1.7

Base Case Economic Analysis Results ¹ Production

Gold Ounces Sold - post refiner 262,739 Silver Ounces Sold - post refiner 12,118,926

Revenue US$(000) Gross Sales $684,931

Operating Expenses Total Operating Costs ² $282,223

Freight & Refining $5,579 Capital Expenses

Total Capital Costs ³ $87,813 Pre-Tax Cash Flow

Total Cash Flow ⁴ $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 mine3 Excludes sunk costs ,of 24.3 million up to April 30, 2013, closure costs and working capital, including contingency4 Includes deductions of $5 million for closure costs and $1.8 million for working capital

- Life of Mine

US$(000)

Santa Elena Expansion Production Profile (3000 tpd Mill) Long Hole Stoping Upfront

Long1. SANTA ELENA HIGH GRADE OPEN PIT

17

0

1,000,000

2,000,000

3,000,000

4,000,000

5,000,000

6,000,000

7,000,000

Ag Eq Oz's of Au Produced Ag Oz's Produced

Au : Ag - 55:1

Ounces

POTENTIAL FOR EXTENDING OR INCREASING PRODUCTION:A) Additional Santa Elena ResourcesB) La Joya Coming On Stream

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.

Curr

ently

- O

pen

Pit

OP/HL OP/MillU/G-HL Blend Expansion #2

Open Pit

Santa Elena Mine – El Cholugo and Tortuga Discoveries

A

A’

B

B’

Underground Ramp

TortugaIn Pit Wall

El CholugoIn Pit Wall

100m

N

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Tortuga El

Cholugo

Main Mineralized Zone

*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

Santa Elena Mine Expansion – MMZ Long Section A-A’ *

OPENOPEN

OPEN

Current Ramp

Original SurfaceLocation

El Cholugo & El Cholugo Dos13.4 m @ 1.8 gpt Au, 207 gpt Ag 1.2 m @ 3.9 gpt Au, 1,239.5 gpt Ag

Tortuga5.3 m @ 10.5 gpt Au, 572.5 gpt Ag

Ongoing U/G drilling(1st Production Stopes)

148

152

166

160

181144

175

183182142 179

180155

171158

176

145 168

173

161151

165

OPEN

200m

Ultimate Pit

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La Joya Project

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Conceptual Starter Pit

Geological Model & Completed Phase I & II Drill Program

Location: Durango, Mexico

Excellent Infrastructure & Access: Highway, Railway and Power Lines nearby

2 Hour Drive From Durango City & International Airport

La Joya Preliminary Economic Assessment – Sept. 2013

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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

xxxxxx17.60xxxxxxxx960xxxxxxx2.40

xxxxxx19.80xxxxxxx1080xxxxxxx2.70

xxxxxx22.00xxxxxx1200xxxxxx3.00x

xxxxx24.20xxxxxxx1320xxxxxxx3.30x

xxxxx26.40xxxxxxx1440xxxxxxx3.60x

xxxxx28.60xxxxxxx1560xxxxxxx3.90

PRE TAX NPV @ 5%

LA JOYA PRELIMINARY ECONOMIC ASSESSMENTSENSITIVITY 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)

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

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

Pre-tax operating cash flow of $342.5 million; first 4 years averaging $60 million per year

9 year LOMP with 15.5 M tonnes grading 50 gpt Ag, 0.33% Cu and 0.19 gpt Au

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

La Joya Resource Estimate & 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.

Metallurgical Testing – Baseline*

Current Resource Estimate (60 gpt cut-off used for PEA)

3RD CLEANER CONCENTRATE (Excluding Leaching)

COMPOSITE HEAD ASSAY ASSAY RECOVERY(%)

ORE TYPE 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.

La Joya Exploration Potential

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10,600 hectare land package within the Fresnillo Silver Trend

Operating mines nearby

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Institutional Holdings Analyst Coverage

Institutional Investors

Sprott Inc

Libra Advisors

Wellington Management

AGF Investments

JP Morgan Chase

I.G. Investment Management

Tocqueville Asset Management

683 Capital Management

Great West Life Assurance

BMO Investments

Ingalls & Snyder

Firm Analyst

Cormark Securities Graeme Jennings

Dundee Capital Chris Lichtenheldt

Euro Pacific Capital Inc. Heiko Ihle

Haywood Securities Benjamin Asuncion

PI Financial Corp Philip Ker

Raymond James

Roth Capital

Chris Thompson

Joe Reagor

Stonecap Securities Christos Doulis

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 by 2014 Good Organic Growth Opportunities Expanding Resources & Reserves

Upcoming Catalysts Annual Production Data & Financial Statements “Meet or Beat” Market Guidance Santa Elena Expansion Updates Santa Elena Exploration Results, incl. U/G drill results Initial Mill Start Up in Q1 2014

25Above: Crushing and Screening Area | Below: Santa Elena Construction

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Peer Comparables – AgEq All-In Cash Costs

SLW SVL EDR FR PAA FVI CDE SSO0

5

10

15

20

25

30

35

6.32

16.47

25.3223.55

27.91

25.13 25.16

30.83

6.02

14.49

22.0720.74

25.72

23.2524.59

31.02

5.86

12.72

17.64 17.86

19.8920.97 21.00

30.50

Q1 Q2 Q3

All

-in

cas

h c

ost

s (U

S$/

oz)

Source: Dundee Capital Markets, “Silver Equities” report dated November 25, 2013

Contact Us

Tel: (604) 694-1730 Toll Free: 1-866-691-1730 Fax: (604) 694-1761

info@silvercrestmines.com www.silvercrestmines.comSuite 501 - 570 Granville StreetVancouver, BC V6C 3P1

SILVERCRESTMINES.COM MEDIA PRESENTATIONS

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