Silvermet Reports Shut Down of Operations

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Silvermet Inc. ("Silvermet" or the "Company") (TSX VENTURE:SYI) announced today
that operations have been halted due to a strike by unionized personnel at the
Waelz kiln facility located in Iskenderun, Turkey.


Negotiations with union representatives are continuing. Stephen G. Roman
Chairman, President and CEO commented: "We look forward to the resolution of
outstanding issues and the resumption of operations. In the meantime, management
is moving regularly scheduled maintenance forward to coincide with the current
shut down in order to shorten maintenance related shut downs for the remainder
of the year. We will provide further updates as warranted by developments."


About Silvermet:

Silvermet's principal business activity is the recycling of electric arc furnace
dust ("EAFD") obtained from steel companies through a Waelz kiln to recover zinc
concentrates that are then sold to zinc smelters throughout the world. The
Company owns 49% of BST, which operates a Waelz kiln facility located in
Iskenderun, Turkey.


Additional Information:

Additional information can be accessed at the Company's website www.silvermet.ca
or through the Company's public filings at www.sedar.com.


Caution concerning forward-looking statements: The information in this release
may contain forward-looking information under applicable securities laws. This
forward-looking information is subject to known and unknown risks, uncertainties
and other factors that may cause actual results to differ materially from those
implied by the forward-looking information. Factors that may cause actual
results to vary include, but are not limited to, inaccurate assumptions
concerning the exploration for and development of mineral deposits, political
instability, currency fluctuations, unanticipated operational or technical
difficulties, changes in laws or regulations, the risks of obtaining necessary
licenses and permits, changes in general economic conditions or conditions in
the financial markets and the inability to raised additional financing. Readers
are cautioned not to place undue reliance on this forward-looking information.
The Company does not assume the obligation to revise or update this
forward-looking information after the date of this release or to revise such
information to reflect the occurrence of future unanticipated events except as
may be required under applicable securities laws. The TSX Venture Exchange does
not accept responsibility for the adequacy or accuracy of this release.