Corporate PresentationJune 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

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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

• 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 4.0 – 4.4 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 strategyMAIN 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 EuropeGraham 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. 4

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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 1Q15Cash flow from operations (1) (3) 13,768,201$ 7,255,215$ Cash cost per AgEq ounce sold (2) (3) 9.64$ 8.49$ All-in sustaining cash cost per AgEq ounce sold (2) (3) 14.35$ 11.25$

Revenues 45,132,599$ 19,512,360$ Net earnings (loss) (1,515,975)$ 2,511,581$ (non-cash impairment charge of $4.96 million in 2014)

Operating Highlights: 2014 1Q15Silver ounces produced 1,157,021 465,391 Gold ounces produced 27,609 13,255 Silver equivalent ounces produced (2) (Record Production in 2014!) 2,813,559 1,349,527

Capital Structure & Trading History

SVL SHARE STRUCTURE

Issued & Outstanding: 118,753,205Options: 10,635,000Fully Diluted Shares: 129,388,205Weighted Avg. Option Price: CAD $1.75

TSX NYSE MKT90 - Day Avg. Daily Volume: 136,585 162,26052 Week High / Low: $2.42 / $1.24 $2.25/$1.00

Share Price (June 15, 2015): CAD $1.31Market Cap: CAD $155MWorking Capital (Mar 31, 2015): $45.4 MCash and Cash Equivalents (Mar 31, 2015) $35.2 MAvailable Line of Credit (drawn $15 mill of $30 mill) $15 M

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SHAREHOLDER DISTRIBUTIONS * Fully Diluted (as of May 01, 2015)

* Source: Bloomberg, SilverCrest

9%

42%

49%

Management & DirectorsInstitutionsRetail

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Financial Performance Revenue & Cash Flow Strong Working Capital of $45.4M

¹ Higher working capital due to bought deal financing

Cash Flow Per Share Earnings Per Share

¹ Due to lower mine operating earnings and non-cash impairment charges totalling $4.96 million.

Q1 2014 ¹

Q2 2014

Q3 2014

Q4 2014

Q1 2015

0

10

20

30

40

50

60

70

Working Capital

USD

($ m

illio

ns)

Q1 2014 Q2 2014 Q3 2014 Q4 2014 Q1 20150.00

0.01

0.02

0.03

0.04

0.05

0.06

0.07

Quarterly Cash Flow Per Share - $

Q1 2014 Q2 2014 Q3 2014 Q4 2014¹ Q1 2015

-0.06-0.05-0.04-0.03-0.02-0.010.000.010.020.03

Quarterly Earnings Per Share (Basic) - $

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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

ESTIMATED PRODUCTION for 2015Based on 3,000 tpd nominal rate;

PRODUCTION GUIDANCE for 2015: 4.0 – 4.4 Million AgEq ounces

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Santa Elena Q1 2015 Production Data

(1) Silver and gold ounces produced for Q1 2014 consist of ounces recovered from the leach pad which commenced decommissioning during Q2 2014.(2) Estimated recoveries for Q1, 2015 and Q4, 2014 are as reported, based on calculated grade. (3) ) Silver equivalent (“AgEq”) ratio for Q1, 2015 of 66.7 was 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: Q1 2015 Q1 2014 (1) % Change Q4 2014 % Change

Tonnes milled (t) 271,392 - 100% 268,287 1%

Average tpd milled 3,015 - 100% 2,916 3%

Average silver grade processed (g/t) 88.27 - 100% 73.83 20%

Average gold grade processed (g/t) 1.66 - 100% 1.17 42%

Silver recovery (%) (2) 60% - 100% 62% -3%

Gold recovery (%) (2) 91% - 100% 89% 2%

Silver ounces produced 465,391 201,101 131% 397,509 17%

Gold ounces produced 13,255 7,545 76% 8,983 48%

AgEq ounces produced (3) 1,349,527 704,353 92% 996,656 35%

Silver ounces sold 413,250 198,800 108% 422,250 -2%

Gold ounces sold 11,748 7,650 54% 8,968 31%

AgEq ounces sold (3) 1,196,842 709,055 69% 1,020,416 17%

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 GPTCONTAINED

AU OZCONTAINED

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 3,220,000INFERRED 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.

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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

2015 2016 2017 2018 2019 2020 2021 20220

1,000,000

2,000,000

3,000,000

4,000,000

5,000,000

6,000,000

Ag ounces soldAgEq of Au ounces sold

AgEq

oz s

old*

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, AZ

2 Hour Drive to Hermosillo and International Airport

Excellent Infrastructure and Access

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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

8 km radius

Santa Elena 30/60 Program – Ermitano I Concession

Ermitano East Target

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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

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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). 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

Sprott Inc 5.7%

Libra Advisors 4.7%

RBC Global Asset Management 4.6%

AGF Investments 3.8%

Global X Management Co 3.2%

Columbia Wanger Asset Management 2.9%

Global Strategy Financial 1.6%

Tocqueville Asset Management 1.2%

Canada Pension Plan Investment 1.0%

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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 Quarterly Financials and Production Data Santa Elena Operations Exploration Updates Organic exploration programs on several targets

within 10 km of Santa Elena Potential Property Acquisitions – 30/60 km program

at Santa Elena

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SVL vs. Silver Producer Peer Group - AISCC

Source: Raymond James Ltd., Canada Research, December 18, 2014

EDR : Endeavour Silver

FR : First Majestic

PAAS : Pan American Silver

SCZ : Santacruz Silver

SVM : Silvercorp Metals

MND : Mandalay Resources

FVI : Fortuna Silver

THO : Tahoe Silver

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Silver Producer Peer Group Valuations – 2015E

Source: Raymond James Ltd. Data, Canada Research, Mining & Natural Resources, dated June 01, 2015; charts by SilverCrest

PAAS FVI FR SVM SVL EDR

11.8

10

7.46.9

6.4

4.8

P/CF - 2015E

PAAS FVI FR SVL EDR SVM

9.3

6.5 6.2

4.6 4.4

3.3

EV/EBITDA - 2015E

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

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