Befesa Silvermet Joint Venture Arranges $49 Million Project Financing

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Silvermet Inc. ("Silvermet" or the "Company") (TSX VENTURE:SYI) is pleased to
announce that the European Bank for Reconstruction and Development ("EBRD"), has
approved a project finance loan of US$49 million, which amount is equal to 70%
of the estimated US$70 million cost for the new Adana zinc plant. Closing is
subject to completion of documentation and is expected in early April. The
project finance facility has a term of 9.5 years, with no repayments during the
first twenty-four (24) month construction period.


Through its joint venture with Befesa Zinc, Silvermet will be constructing its
first new Waelz kiln in Adana, Turkey. Permitting approval is expected over the
next month and construction should begin in April. The Adana plant will have
capacity to process 110,000 tonnes of electric arc furnace dust per annum which
will result in the production of 40,000 tonnes of Waelz oxide per annum
containing 60 million pounds of zinc, bringing the total zinc production of the
joint venture to approximately 90 million pounds per annum. The Adana plant is
expected to be commissioned by early 2015.


The joint venture partners will be contributing the remaining US$21 million
required for the Adana plant (Silvermet's 49% share is US$10.3 million).
Silvermet is presently evaluating various funding alternatives including using
present cash on hand for part of this funding.


The Befesa Silvermet joint venture is also progressing with the permitting of a
second new plant in Izmir, Turkey and construction is expected to begin on that
plant later this year.


Stephen G. Roman, President and CEO commented, "The senior project financing
facility announced today marks a significant corporate development milestone for
Silvermet. Our new increased processing capacity coincides with announced zinc
mine closures and an emerging consensus among zinc industry analysts forecasting
a tightening of zinc concentrate supply in the coming years."


About Silvermet

Silvermet's principal business activity is the recycling of electric arc furnace
dust ("EAFD"), a waste product created by steel mills, through a Waelz kiln to
produce a zinc concentrate that is sold to smelters throughout the world. The
Company owns a 49% interest in the operating company Befesa Silvermet Turkey
("BST"), which operates a Waelz kiln facility located in Iskenderun, Turkey.


Additional Information

Additional information can be accessed at the Company's website www.silvermet.ca
or through the Company's public filings at www.sedar.com.


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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Silvermet Inc.
Stephen G. Roman
Chairman, President & CEO
1 (416) 203-8336
info@silvermet.ca


Silvermet Inc.
Ian D. Atacan
Chief Financial Officer
1 (416) 203-8336
iatacan@silvermet.ca


Silvermet Inc.
8 King St. East, Suite 1700,
Toronto, ON, M5C 1B5, Canada
www.silvermet.ca
Silvermet Inc. (TSXV:SYI)
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