SMM Silver Mountain Mines Inc

Silver Mountain Mines Inc. (TSX VENTURE:SMM) ("Silver Mountain" or the
"Company") announces the closing of the non-brokered private placement
flow-through share offering dated November 26, 2013, where the Company raised
$437,450. 


Each Unit consists of one common share ("Common Share") of the Company to be
issued on a flow-through basis (each, a "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 the date December 31st, 2016
(the "Expiry Date") except that, 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.


 "We are very pleased with Silver Mountain's previously announced 2013 drill
program to assess the Dunwalk anomalies on its Ptarmigan Property (see News
Release dated November 26, 2013). The drill results will support the Company's
initiatives to further evaluate the gravity data and plan for the 2014
exploration program,"stated Steve Konopelky, President and CEO. 


The Company also has a cash position of $1.65 million with zero debt. The
Company has signed a contract with FronTier Merchant Capital Group ("FronTier"),
a Toronto-based financial marketing firm. The objective of the contract is to
increase the visibility of Silver Mountain's business plan with the financial
community and to assist the Company in its ongoing financing efforts. The
consideration is $5,000 per month over a 12 month term. FronTier has also been
granted 250,000 stock options under the Company stock option incentive plan.
This appointment is subject to the approval of the TSX Venture Exchange. 


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 9,300 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 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
+1 403 229 9140
www.silvermountainmines.com

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