Silvermex Resources Initiates Preliminary Economic Assessments on Its La Frazada Silver Mine

Silvermex Resources Ltd. (TSX VENTURE:SMR) is pleased to announce that it has
initiated preliminary economic assessment studies on its 100% owned La Frazada
silver project located in the historic mining district of Real del Zopilote, in
the state of Nayarit, Mexico. The economic assessment will include
metallurgical, processing, mining and infrastructure requirements for potential
mining and mill operations. They will also focus on defining the economic
viability of the project and will take advantage of the existing underground
infrastructure and define the near surface potential of the deposits.


Production at the La Frazada silver mine dates back to 1890. In 1985 Compania
Minera Nival completed construction of a 280 tpd mill and development of an
extensive series of underground workings including a 1,300 meter tunnel that
allowed access to the La Jabalina vein at 6 different levels. These workings
were used to access a 900 meter long, 350 meter high ore shoot that appears to
be only partial mined. Prior to shut down of the mine in 1997, due to low metal
prices, it appears the operator had been preparing for a more extensive bulk
mining program as 5 meter wide ramps had been completed which would allow for
higher production rates.


As announced by news release dated October 14, 2008, the mineral resource at La
Frazada includes measured and indicated resources of 4.7 million ozs silver
(Ag), 3,189 oz Gold (Au), 31.3 million lbs. of zinc (Zn) and 11.1 million lbs of
lead (Pb) and an inferred mineral resources of 3.8 million oz Ag, 3,055 oz Au,
30.8 million pounds of Zn and 10.8 million lbs of lead (Pb).




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             Tonnes                               Ag (oz)  Pb (lb)  Zn (lb)
Category     X1,000   Ag (g/t)  Pb (%)   Zn (%)   X1,000   X1,000   X1,000
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Measured:     3,038    259.75    0.88    2.357     2,537    5,866   15,782
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Indicated:    2,790    240.46    0.86    2.521     2,156    5,297   15,498
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Total M& I:   5,828    250.50    0.69    2.436     4,693   11,163   31,280
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Inferred:     5,340    224.88    0.92    2.616     3,859   10,860   30,769
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The completed preliminary economic assessment studies will include information
from additional infill drilling and sampling, additional resource estimation,
preliminary mine designs, production schedules, metallurgy, process and project
infrastructure design, development of environmental management and permitting
programs, estimated project capital and operating costs, pre-tax cash flows,
project schedule and recommendations for additional work so the project can
proceed to pre-feasibility. Updated news releases will be issued as information
is gathered and completed for the individual sections of the study.


A metallurgical test program has been initiated for La Frazada and preliminary
results are expected in mid April. The company will take additional
representative bulk samples and the resulting material will be shipped to an
independent metallurgical laboratory to optimize processing and metal
recoveries. The results of these tests will be used to determine flow process,
plant design and equipment selection, this work is expected to be completed in
late in Q2 or early Q3 2009.


Bruce Bried, B.Sc., P.Eng., joins the Company as Senior Mining Consultant and
will oversee the evaluation, and economic assessments of the Company's advanced
stage projects, focusing initially on San Marcial and La Frazada silver
projects. Mr. Bried is a professional engineer with over 25 years experience in
engineering and operating mines, his specialty is underground vein gold and
silver mines.


A graduate of the Colorado School of Mines, Mr. Bried worked with Dickenson
Mines Ltd. from 1980 to 1992 where he managed their underground gold mine in Red
Lake, Ontario, and their underground silver mine in New Denver, BC. Between 1992
and 2001, he worked with Homestake Mining Company as Mine Superintendent at the
David Bell Mine, ON and at the Eskay Creek Mine, BC, and as Mine General Manager
at the Snip Mine, BC, and at the Lead Mine in SD. From 2002 to 2003 he consulted
to Kinross, Canarc, Endeavour and others on a number of projects. In 2004, he
was the Operating Manager of Kinross's Lupin Mine. During the 2005 to 2007
period he was VP of Operations for Endeavour Silver Corp and Canarc Resource
Corp. and then President of Canarc for the first half of 2008. Since June of
last year he has specialized in due diligence on a number projects in Mexico and
in the USA.


Readers are cautioned that there are no assurances that all or any part of the
Resource Estimate will be economically viable and although the information in
this press release is based on the best available data the Company has collected
to date, a material difference between the actual results and the Company's
expectations may arise once further exploration is completed.


Mineral resources that are not mineral reserves do not have demonstrated
economic viability. The economic assessment of the mineral resources is
preliminary in nature and there is no certainty that a preliminary economic
assessment will be realized.


Qualified Person

Pursuant to National Instrument 43-101, Mr. William Lewis, B.Sc., P.Geo. (Micon
International Inc.) is the independent Qualified Person responsible for the
mineral resource estimate.


Both Mr. William Lewis and Mr. Bruce Bried have read and approved this news release.

This News Release contains forward-looking statements. Forward looking
statements are statements which relate to future events. In some cases, you can
identify forward-looking statements by terminology such as "may", "should",
"expects", "plans, "anticipates", believes", "estimates", "predicts",
"potential", or "continue" or the negative of these terms or other comparable
terminology. These statements are only predictions and involve known and unknown
risks, uncertainties and other factors that may cause our or our industry's
actual results, level of activity, performance or achievements to be materially
different from any future results, levels of activity, performance, or
achievements expressed or implied by these forward-looking statements.


While these forward-looking statements, and any assumptions upon which they are
based, are made in good faith and reflect our current judgment regarding the
direction of our business, actual results will almost always vary, sometimes
materially, from any estimates, predictions, projections, assumptions or other
future performance suggests herein. Except as required by applicable law the
Company does not intend to update any forward-looking statements to conform
these statements to actual results.