announces

the filing of its 2010 annual report on Form 40

F with the United States Securities and Exchange

Commission (“SEC”), pursuant to section 13 of the United States Securities Exchange Act of 1934.

The Form 40

F includes the Company’s audited financial statements for the year ended December 31,

2010, the Management’s Discussion and Analysis, and the Annual Information Form for 2010, as well as

the inclusion of note disclosure of the significant differences between Canadian and United States

Generally Accepted Accounting Principles. "We are very pleased to have achieved the milestone of this

40

F filing within the United States", said Duane Nelson, CEO. "We thank our staff, auditors, lawyers and

all those involved in preparation of the documentation for their rapid and diligent work.”

The Company’s Canadian regulatory filings are available on SEDAR at

, U.S. regulatory

filings are available on EDGAR at

or alternatively on the Company's website at

. Hard copies of the audited financial statements and accompanying notes

are available, free of charge, to shareholders upon written request.

gold mine located in the Temascaltepec Mining District of

Mexico. Silvermex is currently working to increase production at the mine to full capacity and is

conducting extensive exploration to further develop the district. Silvermex is well financed to further

develop resources organically from its multiple projects as well as from the acquisition of additional

assets that will drive production growth.

ON BEHALF OF THE BOARD

“

Duane Nelson”

or contact

Fiona Grant, Manager, Investor Relations at 604

4004.

Neither the Toronto Stock Exchange nor its Regulation Services Provider (as that term is defined in the

policies of the TSX Exchange) accepts responsibility for the adequacy or accuracy of this release.