SMR Shine Minerals Corporation

Silvermex Resources Ltd. (TSX VENTURE: SMR) ("Silvermex") announces that it has arranged a private placement of $6,300,000. The private placement consists of 14,000,000 Units (the "Units") at a price of $0.45 per Unit. Each Unit consists of one common share and one non-transferable share purchase warrant (a "Warrant"). Each Warrant will entitle the holder to purchase one additional common share of Silvermex at a price of $0.65 for a period of 24 months from the date of closing.

Under the private placement offering in Canada, Silvermex may make an over allotment of up to 1,000,000 Units for additional gross proceeds of up to $450,000.

The financing is being completed on both a brokered and non-brokered basis. Canaccord Financial Ltd. ("the Agent") will act as Agent for the sale of 4,500,000 Units. The non-brokered portion will consist of 9,500,000 Units. Global Hunter Securities LLC will act as co-lead placement agents and joint book-running managers for the non-brokered portion of the private placement.

The Agent's compensation will include a cash commission of 8% of the gross proceeds of the brokered portion of the offering, which the Agent may elect to be paid in Units, and warrants ("Agent's Warrants") equal to 8% of the Units issued in the private placement. The Agent will also be paid a corporate finance fee. Finder's fees will also be payable on the non-brokered portion in accordance with the policies of the TSX Venture Exchange.

Completion of the private placement is subject to regulatory approvals. All of the securities issued in the private placements will have a hold period in Canada of four months from the closing of the private placement.

The net proceeds of the private placement will be used to fund; the preliminary economic assessment, detailed metallurgical studies, in-fill drilling, mine and mill engineering, bulk sampling, permitting, and infrastructure upgrades on Silvermex's San Marcial/Rosario project in Mexico, and for general working capital.

On Behalf of the Board of Directors of Silvermex Resources Ltd.

Duane Nelson, CEO and Director

This News Release contains forward-looking statements. Forward looking statements are statements which relate to future events. In some cases, you can identify forward-looking statements by terminology such as "may", "should", "expects", "plans", "anticipates", believes", "estimates", "predicts", "potential", or "continue" or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our or our industry's actual results, level of activity, performance or achievements to be materially different from any future results, levels of activity, performance, or achievements expressed or implied by these forward-looking-statements.

While these forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our business, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggests herein. Except as required by applicable law the Company does not intend to update any forward-looking statements to conform these statements to actual results.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contacts: Silvermex Resources Ltd. Duane Nelson CEO and Director 604-638-8971 duane@silvermexresources.com www.silvermexresources.com