NOVEMBER 15, 2012, Calgary, Alberta – Silver Mountain Mines Inc. (TSX-V:SMM) ("Silver Mountain" or the "Company") is pleased to report on the remaining 32 drill holes completed as part of the Company’s 2012 diamond drill program on its 100% owned Ptarmigan Property near Radium, British Columbia. The program successfully identified additional high grade, silver-bearing vein and semi-massive to massive pyrite-enriched, manto-style mineralization.
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 metres (m) in PT 12-72, also 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 (Section 3). Drill result highlights from the East Ptarmigan zone include 119 g/t Ag and 0.63 g/t Au over 4.43 m in PT12-84 (Section 6) and 168 g/t Ag and 12.6% lead (Pb) over 4.05 m in PT12-86 (see Long Section 2 - East Ptarmigan Area).