Wednesday, December 24, 2008
Silvermex Resources Ltd. announces preliminary assessment and financing

Silvermex Resources Ltd. ("Silvermex") announces that it will commence preliminary economic assessments on its advanced stage properties in Mexico in January, 2009. During 2008, Silvermex completed extensive exploration and drill programs on its San Marcial and Penasco Quemado properties and extensive underground sampling at La Frazada. Approximately 2,000 meters of drilling at San Marcial resulted in the increase of the indicated mineral resource to 18.0 million ozs silver and the inferred resource to 4.4 million ozs silver. This updated resource includes an upgrade of the old resource of 14.26 million ounces of silver into the indicated category from the inferred category.

These programs have allowed Silvermex in October 2008 to announce updates to the NI 43-101 resource estimates on its 3 primary, advanced-stage properties. Measured and Indicated resources now total 32.8 million ounces silver, 40.8 million lbs lead and 86.9 million lbs zinc. Inferred resources now total 9.8 million ounces silver, 30.0 million lbs lead and 65.5 million lbs zinc. This represents a 343% growth in silver resources over the last 24 month period.

As disclosed in news releases dated October 9, October 14 and October 15, 2008, the updated NI 43-101 silver resources (ozs) per project are as follows:

Category	San Marcial	La Frazada	Penasco Quemado	Totals
Measured:	0	2,615,493	2,591,752	5,207,245
Indicated:	18,021,221	2,156,335	7,468,166	27,645,722
Total M&I:	18,021,221	4,771,828	10,059,918	32,852,967
Inferred:	4,371,018	4,132,520	1,366,749	9,870,287

The updated resources per metal are as follows:

Category	Silver (ozs)	Gold (ozs)	Lead (lbs)	Zinc (lbs)
Measured:	5,207,245	1,797	5,657,445	15,834,150
Indicated:	27,645,722	1,264	35,230,132	71,123,399
Total M&I:	32,852,967	3,061	40,887,577	86,957,549
Inferred:	9,870,287	2,231	30,054,276	65,499,878

In order to finance the preliminary assessments, and for general working capital, Silvermex is pleased to announce that it has engaged Canaccord Adams as its agent, (the "Agent") for a private placement of up to 15,000,000 Units (the "Units") at a price of $0.10 per Unit to raise gross proceeds of up to $1,500,000. Each Unit will consist of one common share and one-half of a non-transferable share purchase warrant (a "Warrant"). Each whole Warrant will entitle the holder to purchase one additional common share of Silvermex at a price of $0.15 for a period of 18 months from the date of closing.

The Agent's compensation will include a cash commission of 9% of the gross proceeds of the Offering, which the Agent may elect to be paid in Units, and warrants ("Agent's Warrants") equal to 9% of the Units issued in the private placement. The Agent will also be paid a corporate finance fee of $25,000 and 100,000 units, having the same terms as the private placement units.

Completion of the private placement is subject to the completion of satisfactory due diligence by the Agent with respect to Silvermex, completion and execution of appropriate documentation, receipt of subscriptions, and receipt of any required regulatory approvals.

Silvermex has also agreed to accept up to $300,000 on a non-brokered basis on the same terms as the Units. Finder's fees may be payable on the non-brokered portion.

All of the securities issued in the private placements will have a hold period in Canada of four months from the closing of the private placements.


On Behalf of the Board of Directors of
Silvermex Resources Ltd.

Per: "Bruce Bragagnolo"

Bruce Bragagnolo
CEO and Director

For further information, contact:

Duane Nelson .
Director
Vancouver, B.C. Canada
Tel: 604-638-8978
duane@silvermexresources.com

Darcy Krohman, P.Geo., C.A.
Vice-President & CFO
Vancouver, BC, Canada
Tel: 604-638-8971
darcy@silvermexresources.com

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

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.