Monday, November 19, 2007
Short Form Offering Completed

Silvermex Resources Ltd. (the "Company") is pleased to announce that it has completed its short form offering of 2,000,000 units (the "Offering Units") at a price of $1.00 per unit for gross proceeds of $2,000,000. Each unit consists of one common share and one half of one non-transferable share purchase warrant. Each whole warrant entitles the holder to purchase one additional common share for a period of 12 months at a price of $1.25 per share. The Company's agent for the short form offering was Canaccord Capital Corporation ("Canaccord") of Vancouver, British Columbia.

In consideration for its services, Canaccord was paid the following:

1. 160,000 units at a price of $1.00 per share (having the same terms as the Offering Units), representing the 8% Agent's commission taken in Agent's Units;

2. 160,000 non-transferable warrants exercisable at a price of $1.00 for a period of 12 months from closing, representing the 8% Agent's Warrants;

3. 37,500 units representing the corporate finance fee (having the same terms as the Offering Units).

The Company also agreed to pay all expenses reasonably incurred by Canaccord in connection with the offering, including the fees and expenses of Canaccord's solicitors.

The securities issued to purchasers who have subscribed for 40,000 units or more (425,000 units) and the Agent's corporate finance fee are subject to restrictive legends expiring on March 16, 2008.

The proceeds of the offering will be used to pay the expenses of the offering, including Canaccord's commission, exploration of the Company's properties, property payments, and general working capital.

For Further information, contact:
Bruce Bragagnolo
CEO & Secretary
Vancouver, BC, Canada
Tel: 604-638-8980
bruce@silvermexresources.com

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

For Investor Relations, contact:
Jason Leikam
Corporate Development
Vancouver, BC, Canada
Tel: 604-638-8979
jason@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.