Silvercrest Mines Inc. announced it has signed an option agreement with Evrim Resources Corp. whereby SilverCrest can acquire a 100% interest in Evrim's Ermitaño Property in the State of Sonora, Mexico. SilverCrest can earn a 100% interest in the Ermitaño Property by paying $75,000 upon signing (paid) and $50,000 each anniversary thereafter, completing a minimum of $500,000 in exploration expenditures in the first year, and delivering a Production Notice within five years specifying mine and construction plans with accompanying permits.

Upon completion of exercise, the annual payments will cease and Evrim will retain a 2% Net Smelter Royalty (“NSR”). The Ermitaño Property consists of two concessions (I and II) totaling 165 square kilometres of contiguous mineral tenure located approximately 145 kilometres from Hermosillo and contiguous with SilverCrest's Santa Elena Mine Property in Sonora, Mexico. Access to the property is by paved highway and secondary roads.

Ermitaño I and II are subject to an underlying third party NSR of 2%. The Ermitaño I and II concessions are located along the same trend of mineralization currently being exploited at the Santa Elena Mine. The concessions host the same early Tertiary andesite and rhyolite volcanic rocks with major structures that host the Santa Elena silver and gold low sulphidation epithermal mineralization.

Exploration work will be completed on the property by the Company in 2014.