Silvermex and Silver Standard Resources Inc. Amend Option Agreement for San Marcial

(TSX VENTURE:SMR) Silvermex Resources Ltd. ("Silvermex") is pleased to announce
the amendment of the option agreement with Silver Standard Resources Inc.
("Silver Standard") for the purchase of the San Marcial Silver project in
southern Sinaloa, Mexico. 


Under the terms of the amended agreement, Silvermex will pay Silver Standard the
amount of $6 million in cash or shares, at Silver Standard's election, on or
before February 1st, 2012. The balance of the purchase price, estimated to be
$7,750,000, shall be payable by way of the issuance of 1 million shares plus a
royalty of 1% of net smelter returns.


About Silvermex 

Silvermex Resources is a well funded exploration and development company focused
on advancing the recently consolidated Rosario/San Marcial Mining Camp in south
eastern Sinaloa, Mexico. This mining concession consists of 2 past producing
mines and numerous known high-grade deposits. The project has significant
resources and historic reserves with extensive production related infrastructure
in place. Silvermex is led by a highly experienced and successful team,
comprised of top executives from leading corporations in the silver mining
sector. 


On Behalf of the Board of Directors of Silvermex Resources Ltd.

Duane Nelson, CEO & Director

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 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. Management has assumed that these
will be our major projects going forward. Risks include that we are unable to
satisfy environmental or other regulators, that we determine that our resources
are not commercially viable, or that we have difficulties due to unavailability
of labour or equipment. 


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.