Friday, October 03, 2008
Amended News Release
104 g/t Silver Across 93 Meters Returned From San Marcial Silver Property Drill Program

Silvermex Resources Ltd. ("Silvermex) announces it has completed a seven hole, 1,756 meter diamond drill program on its San Marcial silver property located in southern Sinaloa state, Mexico. The results confirmed the down dip extension and the high grade nature of the silver, lead and zinc mineralization hosted within the San Marcial vein and breccias zone. An updated mineral resource estimate is currently being completed and is expected within 10 days.

As previously reported the San Marcial mineralized zone has been traced over 1,800 meters of strike and 500 meters of depth and hosts an inferred mineral resource of 14.6 million ounces of silver (2,310,000 tonnes grading 191.79 g/t Ag (6.08 oz/t), 0.32% lead and 0.66% zinc - see News Release dated December 21, 2007). Company management is very encouraged by the results of the current program that consisted of two confirmation and five step out holes that tested the strike and down dip continuity of the system. The holes were completed in the vicinity of hole SM04, completed by previous operators, that returned 66.0 meters grading 205.9 g/t Ag.

SM08-08 was drilled between SM-15 and SM-11, holes completed by previous operators. The hole, intended to be terminated at a depth of 150 meters, was continued to 215 meters after encountering a wide mineralized zone. Between 83.0 and 186.3 meters the hole encountered a 93.3 meter interval that returned average grades of 104.2 g/t (3.30 oz/t), silver (Ag), 0.474% lead (Pb) and 0.7858% Zinc (Zn), including a 19.45 meter interval that returned 234.4 g/t Ag. Assay results from hole SM08-08 are reported in Table 1 below:

Table 1. Hole SM08-08 Assay Results

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Hole No.   From(m)    To(m)  Width(m)   Ag g/t   Cu ppm    Pb ppm    Zn ppm
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SM08-08     93.00   186.30     93.30    104.20    84.00   4744.00   7858.00
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Includes    93.00    98.55      5.55     63.70    55.00    243.00    266.00
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Includes    98.55   118.00     19.45    234.40    62.00   6410.00  13365.00
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Includes   118.00   134.00     16.00     37.30    44.00   1859.00   1962.00
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Includes   134.00   140.00      6.00    193.30   122.00   6403.00   5160.00
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Includes   140.00   150.00     10.00     45.70   107.00   5576.00   5403.00
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Includes   150.00   152.00      2.00    168.60   202.00   3477.00   7418.00
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Includes   152.00   178.40     26.40     38.80    74.00   1013.00   2123.00
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Includes   178.40   184.90      6.50    169.30   184.00    213.00  24161.00
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Hole SM08-12 was drilled along strike, 200 meters south east of SM08-08 in the southern portion of the resource block. The hole encountered 43.60 meter interval that returned average grades of 140 g/t Ag, 0.136% Pb and 0.349% Zn. SM08-12 was drilled between holes SM-04 and SM-12, also completed by previous operators, and confirmed the high silver values previously intersected. Hole SM04 had encountered a 15 meter interval grading 637 g/t Ag and a 2.50 meter interval grading 1,179 g/t Ag down dip from hole SM-12. Assays results from hole SM08-12 are reported in Table 2 below:

Table 2. Hole SM08-12 Assay Results

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Hole No.   From(m)    To(m)  Width(m)   Ag g/t   Cu ppm    Pb ppm    Zn ppm
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SM08-08     17.40    61.00     43.60    140.00   175.00   1357.00   3489.00
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Includes    17.40    21.95      4.55     23.10     5.00      7.00    237.00
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Includes    21.95    26.75      4.80    346.00   292.00   5258.00   9319.00
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Includes    26.75    32.75      6.00     61.70   153.00   1093.00   2635.00
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Includes    32.75    34.75      2.00    346.00   144.00   2336.00  14297.00
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Includes    34.75    36.83      2.08     75.80   185.00   1463.00   3732.00
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Includes    36.83    43.80      6.97    365.50   480.00   1864.00   2542.00
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Includes    43.80    61.00     17.20     33.10    65.00    371.00   1554.00
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Five core drill holes were completed to test the projection of the mineral structure both along strike and down dip. SM08-01 was located 100 meters along strike from the northern extent of the current resource. The hole was located to test the continuity of the mineralized zone to the northwest 75 meters below the surface (i.e. 830 meters asl (above sea level)). Holes SM08-04 and SM08-05 were located to test the mineralized structure 50 meters along strike from the north extent of the limits of the current mineral resource, 50 and 100 meters respectively below the point of intersection of SM08-01. The results returned very anomalous but uneconomic grades of silver, lead and zinc including 10.95 meters grading 24.6 g/t Ag, 105.35meters grading 4.5 g/t Ag, 107.0 meters grading 7.1 g/t Ag, 20.90 meters grading 1.38% Zn and 11.50 meter grading 1.43% Zn. Hole SM08-10, the deepest hole completed during the current program, was located to test the down dip continuity of the mineralization 675 meters asl. Several mineralized intervals between 224.20 and 273.65 meters were encountered confirming the presence of economic silver, lead and zinc grades at least 100 meters below the lower limit of the current inferred mineral resource. Results included 156.1 g/t Ag and 0.92% Zn between 224.20 and 228.85 meters and 132.7 g/t Ag between 236.85 and 238.85 meters. The final hole, SM08-13, was completed along strike beyond the southern limit of the known mineralization. The hole returned 50.0 g/t Ag across 31.35 meters between 214.25 and 245.60 meters. The silver mineralization is regularly distributed, occurring as fine veinlets and dissemination of sulfides in quartz veins hosted in a brecciated shear zone between 214.25 and 228.50 meters. Stockwork and disseminated sulphide mineralization is also clearly evident in the strongly brecciated host rock.

The drill program confirmed the continuity of the mineralization over a strike length of 600 meters and a vertical extent of at least 250 meters. The zone remains open both along strike and down dip. As in similar deposits the high grade mineralization occurs in veins and fissure fillings and tends to be irregular, often occurring in pods and favorable structures.

Company management are very encouraged by the results and expect they will contribute a significant increase in the mineral resource base of the San Marcial Project.

Qualified Person

Pursuant to National Instrument 43-101, Darcy Krohman, P.Geo., C.A,. Executive Vice-President and CFO of Silvermex Resources Ltd. is the Qualified Person (QP) responsible for the disclosure in this news release.

For Further information, contact:

Arturo Bonillas, B.Sc.(Eng)
President
Hermosillo, Sonora, Mexico
Tel: 011-52-662-262-1132
arturo@silvermexresources.com

Darcy Krohman, P.Geo., C.A.
Executive Vice-President & CFO
Vancouver, BC, Canada
Tel: 604-682-4004
darcy@silvermexresources.com

For Investor Relations, contact:

Jason Leikam
Corporate Development
Vancouver, BC, Canada
Tel: 604-638-8979
jason@silvermexresources.com

This News Release contains forward-looking statements. Forward looking statements are statements which relate to future events. In some cases, you can identify forward-looking statements by terminology such as "may", "should", "expects", "plans, "anticipates", believes", "estimates", "predicts", "potential", or "continue or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our or our industry's actual results, level of activity, performance or achievements to be materially different from any future results, levels of activity, performance, or achievements expressed or implied by these forward-looking statements.

While these forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect out current judgment regarding the direction of our business, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggests herein. Except as required by applicable law the Company does not intend to update any forward-looking statements to conform these statements to actual results.