Silver Mountain Mines Inc. Reports Additional High Grade Results From Its 2012 Drill Program

Silver Mountain Mines Inc. (TSX VENTURE:SMM) ("Silver Mountain" or the
"Company") is pleased to report on the remaining 32 drill holes completed as
part of the Company's 2012 diamond drill program on its 100% owned Ptarmigan
Property near Radium, British Columbia. The program successfully identified
additional high grade, silver-bearing vein and semi-massive to massive
pyrite-enriched, manto-style mineralization.


The most significant mineralized zones tested by the 2012 drill program were in
the Ptarmigan Mine area and a mineralized fault structure in the East Ptarmigan
area. Drill result highlights from the Ptarmigan Mine area include 1,576 grams
per tonne (g/t) silver (Ag) and 0.74 g/t gold (Au) over 0.60 metres (m) in PT
12-72, also 433g/t Ag and 0.54 g/t Au over 1.40 m including 666 g/t Ag and 0.79
g/t Au over 0.90 m in PT12-74, and 9,680 g/t Ag, 8.48 g/t Au and 4.22% copper
(Cu) over 0.30 m in PT12-75 (Section 3). Drill result highlights from the East
Ptarmigan zone include 119 g/t Ag and 0.63 g/t Au over 4.43 m in PT12-84
(Section 6) and 168 g/t Ag and 12.6% lead (Pb) over 4.05 m in PT12-86 (see Long
Section 2 - East Ptarmigan Area).


The following table summarizes the highlighted drill intercepts:



----------------------------------------------------------------------------
DDH             From      To  Length      Ag      Au      Pb      Zn      Cu
                 (m)     (m)     (m)   (g/t)   (g/t)     (%)     (%)     (%)
----------------------------------------------------------------------------
PT12-72        52.90   53.50    0.60   1,576    0.74    0.20    0.07    0.80
----------------------------------------------------------------------------
PT12-74        41.00   42.40    1.40     433    0.54    0.00    0.01    0.20
----------------------------------------------------------------------------
including      41.50   42.40    0.90     666    0.79    0.00    0.01    0.30
----------------------------------------------------------------------------
PT12-75        34.60   35.25    0.65   29.71    2.10    0.34    0.19    0.01
----------------------------------------------------------------------------
including      34.60   35.00    0.40    5.52    3.32    0.01    0.00    0.00
----------------------------------------------------------------------------
PT12-75        43.20   43.50    0.30   9,680    8.48    0.05    0.17    4.22
----------------------------------------------------------------------------
PT12-84        60.60   67.75    7.15   80.10    0.41    1.52    0.01    0.06
----------------------------------------------------------------------------
including      60.75   65.18    4.43  119.08    0.63    2.24    0.01    0.09
----------------------------------------------------------------------------
PT12-86        42.15   46.20    4.05     168    0.07   12.60    0.04    0.09
----------------------------------------------------------------------------
including      42.15   44.85    2.70     247    0.10   18.73    0.05    0.13
----------------------------------------------------------------------------



(i)True widths have not been calculated and are therefore not known at this time

Drill holes PT 12-69 to PT 12-76 were drilled in the vicinity of the Ptarmigan
Mine which, together with previously announced results (see News Release dated
October 16, 2012), comprises a total of 21 drill holes completed in this
specific area during 2012. PT12-56 to PT12-73, inclusive, were drilled to test
pyrite-rich, semi-massive to massive sulphides documented in Level 1. Drill
results are interpreted to suggest that the mineralized rod identified extends
from surface mineralization at Adit #2 (average grade 413 g/t Ag, 1.47 g/t Au
over 3.9 m), approximately 90 m south to massive sulphide mineralization
remaining in the Level 1 workings (approximately 14 m below the level of Adit
#2). The massive sulphide mineralization exposed in Level 1 correlates to the
intercepts documented in the 2012 drill holes, above Level 1. Furthermore,
mineralization documented further south, both in Level 1 and PT10-28, is
interpreted to suggest the mineralized rod may extend up to 170 m down plunge to
the south.


Results released today confirm high grade silver-rich mineralized intervals
previously announced (see News Release dated October 16, 2012) of 452 g/t Ag
over 6.80 m, 839 g/t Ag over 2.90 m, 1,642 g/t Ag over 1.10 m and 4,806 g/t Ag
and 6.99 g/t Au over 0.29 m. True thickness of the mineralized rod is not known,
however, is estimated to vary between 5.5 m and 8.0 m based on cross-sections.
The north-south trending faults interpreted to control the mineralized zones
have a mapped strike length of approximately 1.4 kilometers (km) (see 2012 Fault
Mineralization Map on the Company's website
http://www.silvermountain.com/maps.asp), with mineralization open to depth and
along strike. 


In-fill drilling (PT12-59 to PT12-73) at the Ptarmigan Mine was completed with
spacing between fans ranging between 1 and 4 m (see Long Section - Ptarmigan
Mine) to establish the signature and orientation of the irregularly shaped
mineralized rod, plunging to the south at approximately 15 degrees. 


High grade mineralization averaging 2.9 g/t Au and 4,024 g/t Ag was historically
mined between 1955 and 1960 from an interpreted en echelon vein system along
Adit #3. Drill holes PT 12-72 to PT 12-76 were drilled to assess continuity of
mineralization associated with these veins along strike south of Adit #3.
PT12-74 returned a 1.4 m interval grading 433 g/t Ag and 0.54 g/t Au including
666 g/t Ag and 0.79 g/t Au over 0.90 m and PT12-75 returned a 0.30 m high grade
intercept of 9,680 g/t Ag, 8.48 g/t Au and 4.22% Cu interpreted to correlate to
mineralization in Adit #3. Mineralization, associated with a large siliceous
alteration halo and controlled by the Adit #3 fault, is interpreted to extend
approximately 1,000 m south and to depth. Furthermore, analogous grades of
mineralization were documented from samples recovered in 2010-2011 from the Iron
Cap area (1,000 g/t Ag and 30.2 % Pb from Iron Cap adit #5) correlated to the
Adit #3 fault (see 2012 Fault Mineralization Map on the Company's website). 


The mineralized fault structure drilled in the East and Upper Ptarmigan area
during 2012 comprises semi-massive to massive pyrite, galena and subordinate
sulphosalts. It is interpreted to represent mineralization dominated by faulted,
massive to semi-massive pyrite manto mineralization, subsequently annealed by
lead and/or silver-bearing vein-style mineralization along steeply dipping fault
zones. Holes PT12-77 to 95 and PT12-99 to 100 were drilled to test a well
mineralized fault structure in the East Ptarmigan zone. Holes PT12-96 and 97
were drilled to further test mineralization in the Upper Ptarmigan zone (see
summary of results on the Company's website
http://www.silvermountainmines.com/reports.asp).


Management strongly believes the success of our work to date supports the
Company's ongoing commitment to delineate tonnage and further advance its bulk
extraction initiatives for its 2013 exploration program using capital currently
on hand.


All geological maps, charts, cross-sections and results of the 2012 program DDH
program are presented on the Company's website -
http://www.silvermountainmines.com/maps.asp. 


QA-QC All samples were submitted to AGAT Laboratories ("AGAT") for analysis, an
independent certified laboratory and preparation facility which maintain an ISO
17025 accreditation by the Standards Council of Canada (SCC). All samples were
securely stored at the Ptarmigan Mine site or within sight of the Project
Manager and/or Supervising Geologist, at all times. Assays were secured in rice
bags, delivered to AGAT Laboratory in Calgary, Alberta, from where they were
shipped to their Vancouver Laboratory for analysis.


The content of this news release has been reviewed by Rick Walker, B.Sc., M.Sc.,
P. Geo., a Qualified Person for the purposes of NI 43-101, with the ability and
authority to verify the authenticity and validity of the data herein.


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 9,200 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) or contact
Mr. Steve Konopelky, President & CEO of the Company.


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
Silver Mountain Mines (TSXV:SMM)
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