Silvercrest Mines Inc. Engages Marketing Consultant
and Grants Stock Options
Vancouver, British Columbia - March 28, 2008 -
SilverCrest Mines Inc. (the "Company") is pleased to announce
that it has engaged StrataStar Marketing Group (SMG) of Denver, Colorado on
March 27, 2008 to act as marketing and investor relations consultant.
Mr. Gary Lindsey is the President of SMG.
The Company engaged SMG to review the Company's
investor relations materials and methods of communicating with its
shareholders, analysts, brokers and other professionals in the financial
services industry as well as markets not generally considered by the junior
resource industry. SMG will prepare a comprehensive marketing plan
incorporating newly developed promotional materials including the Company's
website and presentation materials for various industry meetings,
conferences and trade shows. SMG's engagement is for a 6-month period,
subject to renewal by mutual agreement of the parties. The Company
will pay SMG a monthly fee of $5,000 and reimburse SMG for all reasonable
expenses incurred in connection with the fulfillment of its obligations up
to $2500 per month, with any expenses in excess thereof being subject to
the Company's prior approval. In addition, the Company shall grant
SMG an incentive stock option to acquire up to 300,000 common shares
of the Company at an exercise price of $1.27 per share for a term of two
years.
SMG is a Colorado incorporated consulting company
with a business office located at 21618 E. Caley Drive, Centennial,
Colorado, USA., and is a strategic marketing and communication firm that
will increase SilverCrest's exposure to industry stakeholders and
investors.
In addition to the grant of stock options, the
President of SMG holds 38,000 common shares of the Company. None of SMG and
its principal shareholders, directors and officers is an associate or
affiliate of the Company, or is a director or officer of the Company. The
Company's engagement of SMG to perform marketing and investor relations
consulting services is subject to the approval of the TSX Venture Exchange.
The Company also announces the grant of stock
options to certain directors and officers to purchase up to an aggregate of
850,000 common shares of the Company at an exercise price of $1.27 per
share and for a term of five years.
All shares issuable pursuant to the exercise of
the stock options are subject to a four-month hold period commencing from
the date the options were granted.
J. Scott Drever, President stated; "We have
reached a critical period in the development of SilverCrest where it is
incredibly important that our shareholders and the broadest group of
investors possible be made aware of the recent growth in our gold and
silver resources and the rapid movement of the Company toward initial
production. StrataStar Marketing Group has a demonstrated expertise in this
area of corporate development and we look forward to working with Gary
Lindsey and his team to take SilverCrest to the next level."
SilverCrest Mines Inc. is a
"Silver Focused" exploration and development company with a
portfolio of high grade silver deposits and exploration properties located
in Mexico and El Salvador. This property portfolio, which includes reported
indicated and inferred silver resources and substantial exploration
potential, provides an important base from which SilverCrest can develop
its corporate objective of becoming a significant silver asset based
company. The Company's immediate initiative is to acquire and develop
substantial silver resources and ultimately to operate high grade silver
mines throughout North, Central and South America.
This news release contains forward-looking
statements, which address future events and conditions, which are subject
to various risks and uncertainties. The Company's actual results, programs
and financial position could differ materially from those anticipated in
such forward-looking statements as a result of numerous factors, some of
which may be beyond the Company's control. These factors include: the availability of funds;
the timing and content of work programs; results of exploration activities
and development of mineral properties, the interpretation of drilling
results and other geological data, the uncertainties of resource and
reserve estimations, receipt and security of mineral property titles;
project cost overruns or unanticipated costs and expenses, fluctuations in
metal prices; currency fluctuations; and general market and industry
conditions. Forward-looking statements are based on the expectations and
opinions of the Company's management on the date the statements are
made. The assumptions used in the preparation of such statements,
although considered reasonable at the time of preparation, may prove to be
imprecise and, as such, undue reliance should not be placed on
forward-looking statements.
On
Behalf of the Board of Directors of
SilverCrest Mines Inc.
"J. Scott
Drever"
J.
Scott Drever, President
For further
information, please contact:
Fred Cooper
Telephone:
(604) 691-1730
Fax:
(604) 691-1761
Email:
info@silvercrestmines.com
Website:
www.silvercrestmines.com
The
TSX-Venture Exchange has not reviewed and does not accept responsibility
for the accuracy or adequacy of this release
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