SMR Shine Minerals Corporation

Silvermex Resources Ltd. (TSX VENTURE:SMR) ("Silvermex") announces that it has
arranged a private placement of $6,300,000. The private placement consists of
14,000,000 Units (the "Units") at a price of $0.45 per Unit. Each Unit consists
of one common share and one non-transferable share purchase warrant (a
"Warrant"). Each Warrant will entitle the holder to purchase one additional
common share of Silvermex at a price of $0.65 for a period of 24 months from the
date of closing.


Under the private placement offering in Canada, Silvermex may make an over
allotment of up to 1,000,000 Units for additional gross proceeds of up to
$450,000.


The financing is being completed on both a brokered and non-brokered basis.
Canaccord Financial Ltd. ("the Agent") will act as Agent for the sale of
4,500,000 Units. The non-brokered portion will consist of 9,500,000 Units.
Global Hunter Securities LLC will act as co-lead placement agents and joint
book-running managers for the non-brokered portion of the private placement.


The Agent's compensation will include a cash commission of 8% of the gross
proceeds of the brokered portion of the offering, which the Agent may elect to
be paid in Units, and warrants ("Agent's Warrants") equal to 8% of the Units
issued in the private placement. The Agent will also be paid a corporate finance
fee. Finder's fees will also be payable on the non-brokered portion in
accordance with the policies of the TSX Venture Exchange.


Completion of the private placement is subject to regulatory approvals. 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 placement.


The net proceeds of the private placement will be used to fund; the preliminary
economic assessment, detailed metallurgical studies, in-fill drilling, mine and
mill engineering, bulk sampling, permitting, and infrastructure upgrades on
Silvermex's San Marcial/Rosario project in Mexico, and for general working
capital.


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

Duane Nelson, CEO and Director

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 our 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.

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