Silvermet Announces Normal Course Issuer Bid

THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT
AUTHORIZED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES.


Silvermet Inc. ("Silvermet" or the "Company") (TSX VENTURE:SYI) announced today
that it has filed a Notice of Intention to make a Normal Course Issuer Bid
("NCIB") with the TSX Venture Exchange.


Under the Normal Course Issuer Bid and subject to regulatory approval, the
Company will purchase up to 14,552,872 common shares which number of common
shares is equal to 10% of the Company's public float, over the twelve (12) month
period ended March 11, 2013 through D&D Securities Inc.


As announced in its news release dated February 29, 2012 Silvermet generated
record production and sales in 2011. In addition, Silvermet recently secured
approval for the acquisition of land in Turkey suitable for the construction of
new production facilities which on commencement of operations, will materially
increase production volumes and earnings.


Silvermet is of the opinion that the market price of its common shares does not
reflect fair value and as such purchases made under the NCIB represent good
value to Silvermet and its shareholders.


About Silvermet:

Silvermet's principal business activity is the recycling of electric arc furnace
dust ("EAFD") obtained from steel companies through a Waelz kiln to recover zinc
concentrates that are then sold to zinc smelters throughout the world. The
Company owns 49% of a joint venture, Befesa Silvermet Turkey S.L. ("BST"), which
operates a Waelz kiln facility located in Iskenderun, Turkey.


Caution concerning forward-looking statements: The information in this release
may contain forward-looking information under applicable securities laws. This
forward-looking information is subject to known and unknown risks, uncertainties
and other factors that may cause actual results to differ materially from those
implied by the forward-looking information. Factors that may cause actual
results to vary include, but are not limited to, inaccurate assumptions
concerning the exploration for and development of mineral deposits, political
instability, currency fluctuations, unanticipated operational or technical
difficulties, changes in laws or regulations, the risks of obtaining necessary
licenses and permits, changes in general economic conditions or conditions in
the financial markets and the inability to raised additional financing. Readers
are cautioned not to place undue reliance on this forward-looking information.
The Company does not assume the obligation to revise or update this
forward-looking information after the date of this release or to revise such
information to reflect the occurrence of future unanticipated events except as
may be required under applicable securities laws. The TSX Venture Exchange does
not accept responsibility for the adequacy or accuracy of this release.

Silvermet Inc. (TSXV:SYI)
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