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      Silvermex and Genco Shareholders Approve Combination Transaction

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Vancouver, British Columbia: Silvermex Resources Ltd. ("Silvermex")
(TSX-V: SMR) and Genco Resources Ltd. ("Genco") (TSX: GGC) are pleased
to announce that the previously announced business combination
transaction between Silvermex and Genco pursuant to a plan of
arrangement under the Business Corporations Act (British Columbia) (the
"Arrangement") has been approved by their respective shareholders.  The
Arrangement provides for the acquisition by Genco of all of the issued
and outstanding common shares of Silvermex, with each Silvermex
shareholder receiving one common share of Genco for each Silvermex
common share.  Prior to the completion of the Arrangement, Genco will
subdivide all of its outstanding common shares on a 1.1-for-one basis
(the "Subdivision").

At the annual general and special meeting of Silvermex shareholders
held today, the special resolution approving the Arrangement was
approved by 99.3% of the votes cast by shareholders entitled to vote on
the resolution.  All other resolutions proposed at the annual general
and special meeting were duly passed by the shareholders of Silvermex.

At the special meeting of Genco shareholders also held today, ordinary
resolutions approving the Subdivision and the issuance of Genco common
shares in connection with the Arrangement were approved by 99.0% and
99.5%, respectively, of the votes cast by shareholders entitled to vote
on the resolutions.  Genco anticipates that its common shares will
begin trading on the Toronto Stock Exchange on a post-Subdivision basis
on or prior to the completion of the Arrangement.

The Arrangement is expected to be completed on or about November 16,
2010, and is subject to customary regulatory consents and other
approvals, including final approval of the Supreme Court of British
Columbia.

Further details regarding the Arrangement are set out in Silvermex's
Notice of Special Meeting and Management Information Circular dated
October 6, 2010 and Genco's Notice of Special Meeting and Management
Information Circular dated October 8, 2010, which are available at
www.sedar.com.

About Silvermex

Silvermex Resources Ltd. is an exploration and development company
focused on advancing the recently consolidated Rosario/San Marcial
Mining Camp in south eastern Sinaloa, Mexico.  This mining concession
consists of two past producing mines and numerous known high-grade
deposits. The project has significant resources and historic reserves
with extensive production related infrastructure in place. Silvermex is
led by a highly experienced and successful team, comprised of top
executives from leading corporations in the silver mining sector. 

About Genco

Genco Resources Ltd. is a publicly traded mining company focused on
developing its core asset, the producing La Guitarra silver-gold
property located in the Temascaltepec Mining District of Mexico. La
Guitarra Mine presently consists of two underground operation centres
and a flotation mill with a proven capacity of 320 tonnes per day.
Genco is evaluating options for the expansion of existing mining
operations at La Guitarra Mine.

For Further information, contact:

Duane Nelson      
Director, Chief Executive Officer   
Silvermex Resources Ltd.    
Vancouver, BC, Canada    
Tel: 604-512-8118      
duane@silvermexresources.com   

James R. Anderson
Acting Chief Executive Officer
Genco Resources Ltd.
Vancouver, BC, Canada
Telephone: (604) 682-2205 ext 223
info@gencoresources.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.

Except for the statements of historical fact contained herein, the
information presented in this News Release constitutes "forward-looking
statements" or "forward-looking information" within the meaning of
Canadian securities legislation (together referred to as
"forward-looking statements"). These statements relate to the
completion of the Subdivision and the Arrangement and related matters.
Such statements were based upon certain assumptions made by Silvermex
and/or Genco with respect to the expected timeline for receipt of
outstanding consents and approvals. The forward-looking statements are
subject to risks, uncertainties and other factors that may cause actual
results to be materially different from those expressed or implied by
such forward-looking statements, including any delays in the receipt of
consents or approvals.  Although Silvermex and Genco have attempted to
identify important factors that could cause actual actions, events or
results to differ materially from those described in forward-looking
statements, there may be other factors that cause actions, events or
results not to be as anticipated, estimated or intended.  There can be
no assurance that such statements will prove to be accurate as actual
results and future events could differ materially from those
anticipated in such statements.  Accordingly, readers should not place
undue reliance on forward-looking statements contained in this News
Release and in any document referred to in this News Release.

Forward-looking statements are made based on management's beliefs,
estimates and opinions on the date the statements are made and neither
Silvermex nor Genco undertakes any obligation to update forward-looking
statements if these beliefs, estimates and opinions or other
circumstances should change, except as required by applicable law.