SMM Silver Mountain Mines Inc

Silver Mountain Mines Inc. (TSX VENTURE:SMM) ("Silver Mountain" or the
"Company") is pleased to announce that the company has received the permit to
drill the DunWalk Area (see News Release dated November 13, 2013) on its 100%
owned Ptarmigan Property, located in southeast British Columbia. In addition,
the Company also announces a non-brokered private placement of up to 8,000,000
flow-through units for total cash proceeds of up to $480,000 (the "Offering"). 


Each Unit consists of one common share ("Common Share") of the Company to be
issued on a flow-through basis ("Flow-Through Share") and one half (1/2) of a
Common Share purchase warrant. Each full Warrant entitles the holder thereof to
acquire, subject to adjustment, one Common Share at a price of $0.15 per Common
Share on or before 4:30 p.m. (MST) on December 31st, 2016 (the "Expiry Date").
In the event the Common Shares of the Corporation as quoted on the TSX Venture
Exchange close at or above $0.20 per Common Share for twenty one (21)
consecutive trading days, then the Company may, at its election, accelerate the
Expiry Date upon not less than 30 days written notice to each subscriber. 


The securities issued in the Offering will be subject to a hold period of four
months plus one day from closing and are further subject to such other
applicable regulatory and TSX Venture Exchange approval and completion of
definitive documentation. 


"There is a window of opportunity to drill the anomalies right now. The gravity
data modelled in the DunWalk Area has returned pipe-like shapes and these
potential precious and/or base metal-enriched, massive sulphide mineralization
targets need to be evaluated in order to plan the 2014 program," says Steve
Konopelky, President and CEO of Silver Mountain. 


The Company may pay up to a 7% finder's fee relative to the Offering. The
Company will use the proceeds of the private placement for exploration work,
including the DunWalk drill program and for working capital.


About Silver Mountain Mines Inc. (TSX VENTURE:SMM)

Silver Mountain Mines Inc. is a Canadian based exploration and development
company with 100% ownership of a 9,986 hectare property centered on the
historical silver rich Ptarmigan Mine in south eastern, British Columbia. The
property hosts two styles of mineralization: silver rich, high-grade
polymetallic epithermal veins and manto style massive / semi-massive sulphide
mineralization. 


For further information on Silver Mountain Mines Inc. please visit the Company's
website http://www.silvermountainmines.com and SEDAR (www.sedar.com).


This news release may contain forward-looking statements including but not
limited to comments regarding the timing and content of upcoming work programs,
geological interpretations, potential mineral recovery processes, etc.
Forward-looking statements address future events and conditions and therefore
involve inherent risks and uncertainties. Actual results may differ materially
from those currently anticipated in such statements. These statements are based
on a number of assumptions and factors that could cause actual results to differ
materially from those in forward looking statements Silver Mountain Mines Inc.
does not assume any obligation to update or revise its forward-looking
statements, whether as a result of new information, future events or otherwise,
except to the extent required by applicable law. Neither the TSX-Venture
Exchange nor its Regulation Services Provider, as per the term defined in the
policies of the TSX Venture Exchange, accepts responsibility for the adequacy or
accuracy of the release. 


ON BEHALF OF THE BOARD

Steve Konopelky, President and CEO

FOR FURTHER INFORMATION PLEASE CONTACT: 
Silver Mountain Mines Inc.
Mr. Steve Konopelky
President & CEO
www.silvermountainmines.com

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