SMM Silver Mountain Mines Inc

Silver Mountain Mines Inc. (TSX VENTURE:SMM) ("Silver Mountain" or the
"Company") announces the filing of its first quarter financial statements on
Sedar (www.sedar.com or the Company's website www.silvermountainmines.com). The
Company also announces that its Board of Directors has determined to evaluate a
range of strategic alternatives, aimed at enhancing shareholder value. Silver
Mountain has established a special committee of independent directors to oversee
the strategic alternative review process to review and advise with respect
thereto. Strategic alternatives may include, among other alternatives: a
purchase of assets, participation in other assets (either in one transaction or
in a combination of transactions), a merger, recapitalization, amalgamation or
any combination thereof. The strategic alternative review process has been
initiated as a result of market conditions and opportunities but there are no
assurances that a transaction will be undertaken or if a transaction is
undertaken, as to its terms or timing. 


The Company has not set a definitive schedule to complete its evaluation and
does not intend to disclose developments with respect to this process unless and
until the evaluation has been completed or a definitive agreement has been
reached.


Steve Konopelky, CEO of Silver Mountain, remarked "On behalf of the Board and
management, we have decided to consider the various strategic alternatives with
a view to enhancing shareholder value given the substantial opportunities that
exist in the market". Our goal is not to be just another junior mining company,
but to become a strategic junior mining leader that is proactive in creating
growth opportunities and maintaining fiscal responsibility. 


The Ptarmigan property is a quality exploration mining property drilling,
testing and assaying results to date indicate the Ptarmigan property holds high
grades of silver and gold; however the property requires further evaluation in
advance of any extraction program. In light of the currently challenging
financial market conditions, a tailored exploration program consisting of ground
work, geophysics and resource evaluations will commence in July of 2013. The
Company currently has the funds available to complete this program. The
Ptarmigan ore body has been opened and exposed using the current Adit system and
the 2009-2012 drill program. The Company believes that an important step in the
extraction program and finalizing its application for extraction, which is
anticipated in the in the second quarter of 2013 is additional, testing and
defining the tonnage to be extracted.  


About Silver Mountain Mines Inc. (TSX VENTURE:SMM) 

Silver Mountain Mines Inc. is a Canadian based exploration and development
company with 100% ownership of a 9,300 hectare property centered on the
historical silver rich Ptarmigan Mine in south eastern, British Columbia. The
property hosts two styles of mineralization: silver rich, high-grade
polymetallic epithermal veins and manto style massive / semi-massive sulphide
mineralization. 


For further information on Silver Mountain Mines Inc. please visit the Company's
website http://www.silvermountainmines.com and SEDAR (www.sedar.com).


This news release may contain forward-looking statements including but not
limited to comments regarding the timing and content of upcoming work programs,
geological interpretations, potential mineral recovery processes, etc.
Forward-looking statements address future events and conditions and therefore
involve inherent risks and uncertainties. Actual results may differ materially
from those currently anticipated in such statements. These statements are based
on a number of assumptions and factors that could cause actual results to differ
materially from those in forward looking statements Silver Mountain Mines Inc.
does not assume any obligation to update or revise its forward-looking
statements, whether as a result of new information, future events or otherwise,
except to the extent required by applicable law.


ON BEHALF OF THE BOARD

Steve Konopelky, President and CEO

FOR FURTHER INFORMATION PLEASE CONTACT: 
Silver Mountain Mines Inc.
Mr. Steve Konopelky
President & CEO
+1 403 229 9140
www.silvermountainmines.com

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