SMM Silver Mountain Mines Inc

Silver Mountain Mines Inc. (TSX VENTURE:SMM) ("Silver Mountain" or the
"Company") announce the Company's 2014 summer drill program and a non-brokered
private placement of up to 12,000,000 flow-through units at a price of $0.06 per
unit, to raise up to $720,000. (the "Offering"). 


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 December 31st, 2017 (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. 


The 2014 proposed program in the Ptarmigan basin and Dunwalk areas is expected
to be up to 10,000 meters (m) of drilling at an average depth of 350 m per hole,
further ground gravity survey and additional sampling on other known mineralized
areas previously identified from other programs.


As previously reported, the final compilation of our data sets has defined
deeper drill targets in the Ptarmigan basin where high-grade, precious
metal-enriched Mantos are found on the periphery of major fault controlled
systems. The most significant mineralized zones tested by the 2012 drill program
were in the Ptarmigan Mine area and a mineralized fault structure in the East
Ptarmigan area. Drill result highlights from the Ptarmigan Mine area include:
1,576 grams per tonne (g/t) silver (Ag) and 0.74 g/t gold (Au) over 0.60 m in PT
12-72; 433g/t Ag and 0.54 g/t Au over 1.40 m, including 666 g/t Ag and 0.79 g/t
Au over 0.90 m in PT12-74; and, 9,680 g/t Ag, 8.48 g/t Au and 4.22% copper (Cu)
over 0.30 m in PT12-75 (released November 15, 2012).


"Our expectation of intersecting semi-massive to massive, high grade precious
metals in the 2014 drill program could lead to a significantly expanded
mineralized zone," 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 2014 drilling program, on its 100% owned Ptarmigan Property,
located in southeast British Columbia, and for general 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) or contact
Mr. Steve Konopelky, President & CEO of the Company. 


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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