Mining Stock Alert: SilverCrest (TSX.V: SVL) (NYSE MKT: SVLC) Announces Updated Santa Elena Reserves and Resources

VANCOUVER, BRITISH COLUMBIA - May 29, 2013 (Investorideas.com Mining Stocks Newswire) SilverCrest Mines Inc. (TSX.V:SVL) ( NYSE MKT: SVLC) (CW5.F) ("SilverCrest" or the "Company") is pleased to announce updated Reserve and Resource estimations for its Santa Elena Mine in Sonora, Mexico. The updated Probable Reserves (underground, open pit and leach pad) are estimated at 8.2 million tonnes grading 74.9 gpt Ag and 1.24 gpt Au containing 19.7 million ounces of silver and 327,430 ounces of gold, representing a 103% increase in contained silver and 50% increase in contained gold over previous Probable Reserves stated below. Updated Indicated Resources (exclusive of Probable Reserves) are estimated at 2.1 million tonnes grading 114.9 gpt Ag and 1.69 gpt Au containing 7.9 million ounce of silver and 116,000 ounces of gold, representing a 127% increase in contained silver and 99% increase in contained gold over previous Indicated Resources stated below. Details of the updated Reserves and Resources are summarized in the following tables and will be included in the Santa Elena Expansion Pre-Feasibility Study (Technical Report) to be filed on SEDAR within 45 days of this release.
J. Scott Drever, President commented: "We are extremely pleased with the results of our updated Reserve and Resource estimates for the underground, open pit and heap leach pad definition and resource expansion drill program. The significant increase in Reserves has clearly defined processing feed for our planned 3,000 tonne per day processing facility (Milling & CCD leaching) for an additional 8 years. What is even more exciting is that we have yet to define the limits of the Main Mineralized Zone and have only begun to explore the newly discovered high grade El Cholugo and El Cholugo Dos zones. We look forward to a banner year in 2014 with the commissioning of the new processing facility in Q1 2014 and the expansion of our annual metals production to an estimated 3.5 to 4.0 million ounces of silver equivalent (55:1 Ag:Au)."
Note: All numbers are rounded. Underground and Leach Pad Reserves and Resources are based on 3 year historic metal price trends of US$28/oz silver, US$1450/oz gold and metallurgical recoveries of 92% Au and 67.5% Ag with a metal ratio of Ag:Au at 70:1 used for grade cutoff determination. All Mineral Resources and Reserves conform to NI 43-101, 43-101CP, and CIM definitions for Resources and Reserves. Inferred Resources have been estimated from geological evidence and limited sampling and must be treated with a lower level of confidence than Indicated Resources.
1 Open Pit and Leach Pad Probable Reserves were classified by SilverCrest. Underground Reserves and Resources were classified by EBA, a Tetra Tech Company.
2 Underground Probable Reserve is based on a cutoff grade of 1.47 gpt AuEq with an average 10% dilution and 90% mine recovery. Average true thickness of the designed stopes is 13.4 metres.
3 Open Pit Reserve is based on a cutoff grade of 0.20 gpt AuEq in a constrained pit shell with applied capping of 8 gpt Au and 300 gpt Ag.
4 Leach Pad Reserve based on production and drill hole data for volumetrics and grade model using a cutoff grade of 0.5 gpt AuEq. No capping was applied.
5 Underground Resources are exclusive of Probable Reserves and based on 1 gpt AuEq grade shell, a cutoff grade of 1.4 gpt AuEq, and applied capping of 12 gpt Au and 600 gpt Ag.
1 based on $1,000/oz of gold and $18/oz of silver, cut-off grade of 0.38 gpt gold equivalent with applied metallurgical recoveries.
2 based on $1,000/oz of gold and $18/oz of silver, cut-off grade is 1.77 gpt gold equivalent with applied metallurgical recoveries.
Before production commenced, the Santa Elena open pit defined a mine life of approximately 6.5 years (including ramp up) having a Reserve of 5.1 million tonnes grading 1.72 gpt Au and 73.4 gpt Ag (refer to Technical Report dated April 1, 2011). In April 2011, the open pit Reserve was depleted by approximately 6 months of production and optimized with a remaining 4.79 million tonnes grading 1.81 gpt Au and 75.9 gpt Ag (refer to Technical Report dated April 1, 2011). By January 2012, the open pit was depleted from 2011 production and re-optimized with a resultant Reserve of 3.45 million tonnes grading 1.96 gpt Au and 87.3 gpt Ag showing lesser tonnes and higher grade. Re-optimization of the open pit between April 2011 and April 2013 has reclassified approximately 880,000 tonnes of open pit Reserve to underground Resources which was converted mostly (excluding stope pillars) to the new underground Reserves. The main purpose for re-optimization was to avoid a higher open pit strip ratio at higher cost in future years in the mine life but still be able to mine the displaced Reserves from underground.

SANTA ELENA UPDATED RESERVE AND RESOURCE DATABASES
Based on available data, the current dominant silver-gold mineralization at the Santa Elena Mine is hosted within the Main Mineralized Zone (MMZ) which is a low-sulfidation calcium-rich epithermal deposit that strikes nearly east-west for an estimated distance of 1.3 kilometres with an average true width of approximately 15 metres. The continuous mineralized zone has been drill-tested to a minimum depth of 500 metres from surface and open in most directions. The near-parallel El Cholugo and El Cholugo Dos zones are located approximately 20 to 50 metres below the footwall of the MMZ. These two new discoveries appear to be splays off the MMZ with similar silver-gold mineralization.
The updated underground Reserves and Resources have been independently estimated by EBA, a Tetra Tech Company, utilizing 2012 and 2013 drilling results along with previous independently-validated data (see SEDAR for previous NI 43-101 compliant Technical Reports). Drilling in 2012 and early 2013 was focused on conversion and expansion of underground Resources to Reserves with an average drill hole spacing of approximately 35 metres. Drilling data from 2012 and 2013 used for underground Resource estimate included 138 holes (45,011 metres) and 96 previous holes (14,865 metres). A total of 2,941 composite samples were used as the basis for the block model.
The updated open pit Reserves and Resources have been estimated by SilverCrest utilizing Company extensive production data (blastholes), exploration drilling data and computer modelling. All Indicated Resources in the currently operating open pit have been converted to Reserves as of April 30, 2013.
The Leach Pad Reserves (spent ore) have been estimated by the Company utilizing crusher composite samples, drill data from verification holes on the pad, bottle roll tests to process design specifications and SilverCrest production leach curves. In early May 2013, the Company completed 25 large diameter drill holes (355 metres) on the pad to obtain additional information for the purposes of validation of production data. All spent ore material on the leach pad will be reprocessed through the new processing facility once operational. Only the material currently on the pad and leached (300 day cycle completed or estimated full cycle) has been declared as Reserves. Approximately 750,000 tonnes of open pit material is planned to be placed on the pad during the remainder of 2013 and will undergo only partial leaching before being reprocessed through the new facility. Once this material is placed on the pad and leaching has been discontinued, it will be declared as leach pad Reserves for processing and metal recovery in late 2014 and beyond.
Extensive metallurgical test work including ongoing operations data show that all declared Reserves are amenable to conventional leaching either by heap leach technology or standard CCD milling with a Merrill Crowe recovery system for dore bar production. Estimated recovery grades are stated below in Reserves Criteria table.
SANTA ELENA UPDATED RESERVE AND RESOURCE MODELLING
The Santa Elena underground, open pit and leach pad Mineral Resource estimates were completed using Gemcom GEMS modelling software and are compliant with National Instrument 43-101 and conform to guidelines and definitions established by the Canadian Institute of Mining and Metallurgy (CIM). Using CIM Definition Standards for Mineral Resources and Mineral Reserves, Mineral Resources have been classified as being either Indicated or Inferred based on the number of samples used for estimation relative to the block location and the overall search distance confidence derived from the variogram analysis. Inferred Resources should not be used as the basis for evaluation of economic viability of the project. Details of these criteria will be presented in the Technical Report to be filed on SEDAR.
The Underground Mineral Resource estimates are based on verified information from historical and recent Company sources, up to and including drill hole SE-13-145. The block model includes the Main Mineralized Zone, El Cholugo and El Cholugo Dos. Solid boundaries for the mineralization were interpreted within a geological vein solid and constrained using a minimum 1 gpt AuEq cut-off from raw drill hole assay intervals. The Main Mineralized Zone grade shell was segmented into three major domains to accommodate flexures and structural orientation changes. The raw assay data was composited to 1 metre within the grade shell and was interpolated into a 5 metre x 5 metre x 5 metre block size model using Ordinary Kriging. Grade caps of 12 gpt Au and 600 gpt Ag were determined from log-probability and histogram analysis and applied after compositing. The search ellipse ranges were based on geological field observation, semi-variogram analysis and iterative interpolation. Grade interpolation within the vein hosted mineralization utilized two passes with anisotropic search ellipses oriented along the interpreted domain trend with major axes ranges of 90 and 117 metres, and semi-major ranges of 69 and 89 metres, respectively. A minimum of 2 composites, to a maximum of 15, were required to interpolate block grades with no more than 5 composites reporting from any one drill hole. Based on limited laboratory and in situ specific gravity testing, a value of 2.60 g/cm3 was applied as a specific gravity for all vein hosted mineralized material in the model.
The Open Pit Mineral Resource estimates are based on verified information from historical and recent Company sources. Solid boundaries for the mineralization were constrained at 0.20 gpt AuEq cut off and the open pit limits defines the mineralized material dated as December 31, 2012. All open pit Mineral Resources are declared as Reserves. Open pit production from January 1 to April 30, 2013 was subtracted from the December 2012 Resource estimation. The Resource estimation was completed using Gemcom GEMS software applying Ordinary Kriging. Raw data (blast holes, core and RC samples) were composited to a 5 metre length for blast holes and 2 metre length for in-pit core and RC samples. These composites were assessed for spatial and geostatistical purposes. A capping of 8 gpt Au and 300 gpt Ag was applied to core and RC data only. The composite data was interpolated into a 5 metre x 5 metre x 5 metre block size model using Ordinary Kriging in two passes. The first one using only blast hole data with an average spacing of 4 metres and interpolating grades to a maximum distance of 15 metres from the sample location. The second pass used only core and RC drilling data spaced on average 50 metres to interpolate 5 metre x 5 metre x 5 metre blocks located in distances beyond 15 metres from the sample location. The blasthole resource model was compared against the production data for verification purposes.
The Leach Pad Reserves (spent ore) have been estimated by the Company utilizing daily production, grade and mass records obtained at the crushing plant when conveying mineralized material to the pad. These records represent a complete production dataset since start up of the operations at Santa Elena. A detailed leach pad survey was completed in April 2013 to provide volumes of material placed on the pad. This volume was compared with weightometer data collected on the crushing plant to validate tonnes on the pad using well known specific gravity on the leach pad of 1.85 g/cm3. SilverCrest has completed 25 large diameter Becker Hammer, Tandem Mounted hydraulic drill holes (355 metres- drill holes spaced on a 25 metre by 25 metre grid) on the pad to obtain additional information for the purposes of validation of production data. Raw assay data were interpolated into a 100 metre x 100 metre x 6 metre block size model. An inverse distance squared methodology was used with a single domain and search ellipse. The search ellipse ranges were based on drill hole spacing, field observation, geostatistical analysis and iterative interpolation. No grade capping was applied. Grade interpolation within the two surfaces utilized an anisotropic ellipse oriented along the interpreted zone with major and semi-major axis ranges of 200 metres and a minor axis range of 200 metres. A minimum of 2 composites, to a maximum of 12, were required to interpolate block grades with no more than 3 composites reporting from any one drill hole in multi stage search radiuses to populate all blocks. The validation results support the estimation by the Company utilizing daily production data.
SANTA ELENA RESERVE CRITERIA
The Santa Elena Reserve estimates as stated above were completed using GEMS resource models for defining open pit, underground and leach pad Reserves along with criteria as presented in the following table.
1 Based on 3 year historic metal price trends
2 Underground mining costs, dilution and mine recovery are based on stope type, either long hole (68% of design stopes) or cut and fill (32% of designed stopes) mining method.
3 Processing includes crushing, milling, site refining and dry stack tailings disposal.
4 Estimated based on current operations and may vary on an annual basis.
5 Recoveries for leach pad based on 2009 Metcon test work and recent Company production leach cycles for life of pad. During the period from 2010 through 2012 (solution ramp up), an average recovery of 57% Au and 30% Ag was achieved. Refer to Technical Report dated May 11, 2011 on SEDAR. Leach pad CCD mill recoveries are based on in-situ remaining ounces on the pad.
Pre-Feasibility level results including Santa Elena economic analysis is expected to be announced within 45 days of this news release. The extended mine life with updated Reserves is anticipated to be 8 more years at the proposed 3,000 tonne per day milling rate.
The Santa Elena Mine has good potential for additional Resources with the deposit open in most directions. Further infill and expansion drilling is recommended to potentially increase Resources and convert to Reserves.
The Qualified Persons for the Santa Elena Resource and Reserve estimations who have reviewed and approved the contents of this news release are N. Eric Fier, CPG, P.Eng. and Chief Operating Officer for the Company, James Barr., P.Geo. and Mike Tansey, P.Eng. from the consulting firm of EBA, a Tetra Tech Company, and John Fox, P.Eng. of Laurion Consulting Inc. SilverCrest is now classified as a "producing issuer" as defined in NI 43-101, as a result of which the Technical Report is not required to be prepared by or under the supervision of an Independent Qualified Person. The Santa Elena Expansion Pre-Feasibility Study (Technical Report) in compliance with NI 43-101 is currently being prepared by the Qualified Persons and will be filed on SEDAR no later than 45 days from the date of this release.
SilverCrest Mines Inc. (TSX-V: SVL; NYSE MKT: SVLC) is a Canadian precious metals producer headquartered in Vancouver, BC. SilverCrest's flagship property is the 100%-owned Santa Elena Mine, located 150 km northeast of Hermosillo, near Banamichi in the State of Sonora, Mexico. The mine is a high-grade, epithermal gold and silver producer, with an estimated life of mine cash cost of US$8 per ounce of silver equivalent (55:1 Ag:Au). SilverCrest anticipates that the 2,500 tonnes per day facility should recover approximately 4,805,000 ounces of silver and 179,000 ounces of gold over the 6.5 year life of the open pit phase of the Santa Elena Mine. A three year expansion plan is underway to double metals production at the Santa Elena Mine and exploration programs are rapidly advancing the definition of a large polymetallic deposit at the La Joya property in Durango State.
FORWARD-LOOKING STATEMENTS
This news release contains "forward-looking statements" within the meaning of Canadian securities legislation and the United States Securities Litigation Reform Act of 1995. Such forward-looking statements concern the Company's anticipated results and developments in the Company's operations in future periods, planned exploration and development of its properties, plans related to its business and other matters that may occur in the future. These statements relate to analyses and other information that are based on expectations of future performance, including silver and gold production and planned work programs. Statements concerning reserves and mineral resource estimates may also constitute forward-looking statements to the extent that they involve estimates of the mineralization that will be encountered if the property is developed and, in the case of mineral reserves, such statements reflect the conclusion based on certain assumptions that the mineral deposit can be economically exploited.
Forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors which could cause actual events or results to differ from those expressed or implied by the forward-looking statements, including, without limitation: risks related to precious and base metal price fluctuations; risks related to fluctuations in the currency markets (particularly the Mexican peso, Canadian dollar and United States dollar); risks related to the inherently dangerous activity of mining, including conditions or events beyond our control, and operating or technical difficulties in mineral exploration, development and mining activities; uncertainty in the Company's ability to raise financing and fund the exploration and development of its mineral properties; uncertainty as to actual capital costs, operating costs, production and economic returns, and uncertainty that development activities will result in profitable mining operations; risks related to reserves and mineral resource figures being estimates based on interpretations and assumptions which may result in less mineral production under actual conditions than is currently estimated and to diminishing quantities or grades of mineral reserves as properties are mined; risks related to governmental regulations and obtaining necessary licenses and permits; risks related to the business being subject to environmental laws and regulations which may increase costs of doing business and restrict our operations; risks related to mineral properties being subject to prior unregistered agreements, transfers, or claims and other defects in title; risks relating to inadequate insurance or inability to obtain insurance; risks related to potential litigation; risks related to the global economy; risks related to the Company's status as a foreign private issuer in the United States; risks related to all of the Company's properties being located in Mexico and El Salvador, including political, economic, social and regulatory instability; and risks related to officers and directors becoming associated with other natural resource companies which may give rise to conflicts of interests. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in the forward-looking statements. The Company's forward-looking statements are based on beliefs, expectations and opinions of management on the date the statements are made. For the reasons set forth above, investors should not place undue reliance on forward-looking statements.
The information provided in this news release is not intended to be a comprehensive review of all matters and developments concerning the Company. It should be read in conjunction with all other disclosure documents of the Company. The information contained herein is not a substitute for detailed investigation or analysis. No securities commission or regulatory authority has reviewed the accuracy or adequacy of the information presented.
J. Scott Drever, President
SILVERCREST MINES INC.
Contact:
SilverCrest Mines Inc.
Fred Cooper
(604) 694-1730 ext. 108
Toll Free: 1-866-691-1730
(604) 694-1761 (FAX)
info@silvercrestmines.com
www.silvercrestmines.com
570 Granville Street, Suite 501
Vancouver, British Columbia V6C 3P1
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Mexican Mining Stock Alert: US Precious Metals (USPR) Reports Deal with Mesa Acquisitions/Alba Petroleos

May 28, 2013 (Investorideas.com Mining stocks newswire) US Precious Metals, Inc. (OTCQB: USPR) reports that May 22, 2013 it entered into an agreement with Mesa Acquisitions Group, LLC. in association with Alba Petroleos ( www.albapetroleos.com.sv ) to further explore and develop USPRs Mexican concessions.

Mesa Acquisitions/Alba Petroleos has committed to expend up to approximately $50 million to explore and develop pre-determined portions of two of our Mexican concessions known as Solidaridad 1 & Solidaridad 2 located in Michoacan , Mexico . In addition, they will construct the necessary plant and/or bring in the necessary equipment to process the head ore. In return, they will receive 10 million shares of USPR common stock and receive a 30% interest of the project. USPR will retain 70% of the project.
The work will be implemented and funded by our joint venture partners in 3 stages
Stage 1: Immediate dispatch of high tech satellite imaging to identify mineralization and to confirm the Company's two previous drilling campaigns. This phase will commence immediately.
Stage 2: Develop the infrastructure necessary to commence mining and milling operations, including road, water, and power installation and staging area development for employees on site. This phase is expected to commence upon completion of Phase 1.
The cost to implement Phase 1& 2 is estimated to be $10 million.
Stage 3: Commence surface mining and sub-surface (underground) mining and build out of processing facilities. This phase is dependent on the timelines on Phase 1 & 2.
The cost to implement Phase 3 is estimated to be $40 million.
Chief Operating Officer Ruben Figueredo and Chief Technical Officer Juan Serrat, who were hired by USPR through Mr. George Mesa's (principal of Mesa Acquisitions Group LLC) recommendation a year ago, will work closely with Mr. Mesa's team to achieve our benchmarks in a timely fashion. On September 21, 2012, USPR appointed Mr. Mesa as Director of Security for its Mexican mining claims.
Jerry Pane, USPR's Chairman, stated "I am very excited to be in the position today to launch the development of our Michoacan, Mexico property. Having worked very closely with Mr. Mesa during the past couple of years, we have seen the endless hours he and his team have spent at our site developing a comprehensive plan of action. It brings great comfort to know that this is the beginning of USPR achieving its short and long term goals. In conjunction with our recently announced agreement to acquire Resource Technology Corp. ("RTC") USPR is poised to maximize value for all our shareholders."
Stay informed on U.S Precious Metal developments by getting FREE news alerts & updates delivered directly to your mobile phone by texting USPR to 545454 from your cellular device
About USPR:
US Precious Metals, Inc. is an exploration stage company engaged in the acquisition, exploration and development of mineral properties. We focus on gold, silver and copper primarily located in the State of Michoacán , Mexico where we own exploration and exploitation concessions to approximately 37,000 contiguous acres of mineral rights. In addition, USPR recently announced the agreement to acquire Resource Technology Corp. ("RTC"). RTC has a plasma processing agreement using plasma processing technology and is a 1/3 net revenue share partner in the extraction of precious metals from three ore supply agreements enabling it to receive 1/3 of the resulting revenues.
About Alba Petroleos:
Alba Petróleos is an international conglomerate located in Venezuela , and is owned in 40% by municipalities governed by President Funes' Party, and in 60% by PDV Caribe, a subsidiary of PDVSA of Venezuela. The company is involved in multiple industries throughout South America and further afield. www.albapetroleos.com.sv
About Mesa Acquisitions Group, LLC:
Mesa Acquisitions Group, LLC is a private entity owned by Mr. George Mesa, and is located in Miami , Florida.
Disclaimer: This Press Release may contain, among other things, certain forward-looking statements, including, without limitation, (i) statements with respect to the Company's plans, objectives, expectations and intentions; and (ii) other statements identified by words such as "may", "could", "would", "should", "believes", "expects", "anticipates", "estimates", "intends", "plans" or similar expressions. These statements are based upon the current beliefs and expectations of the Company's management and are subject to significant risks and uncertainties. Actual results may differ from those set forth in the forward-looking statements. These forward-looking statements involve certain risks and uncertainties that are subject to change based on various factors (many of which are beyond the Company's control). USPR news alerts send via SMS Text Message are free; however standard message & data rates may apply. Check with your wire carrier for more details.
U.S. Precious Metals, Inc.
http://usprgold.com (Our new website is currently under construction due to the exciting new developments we are experiencing. We anticipate that we will be back online in the very near future)
Investor Relations:
FN Media Group
ir@fnmediagroup.com
(954)968-9322
SOURCE: U.S. Precious Metals, Inc.
Published at Investorideas.com newswire
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BC Residents and Investor Disclaimer: Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894

Chinese Social Media Stocks Investor Alert: ( TCTZF), (UMEWF), (BIDU), (RENN)

Point Roberts, WA - May 28, 2013 (Investorideas.com newswire) Investorideas.com staff: Investorideas.com, an investor research portal specializing in sector research for independent investors issues an alert for Chinese social media stocks
Tencent Holdings Ltd. (TCTZF), (SEHK 00700) services include QQ, Weixin and WeChat for communications; Qzone for social networking; QQ Game Platform for online games; QQ.com for information; as well as our eCommerce open platform.. The company reported first quarter results May 15 th . Total revenues were RMB13,547.6 million (USD2,161.1million[1]), an increase of 11.5% over the fourth quarter of 2012 ("QoQ") or an increase of 40.4% over the first quarter of 2012 ("YoY"). The stock has made some big moves for investors in the past month, with a low range of just under $30 to trading as high as $40 and now currently trading at $38.
UMeWorld Limited (OTC: UMEWF) recently announces the launch of its newly redesigned website, UMeLook.com . The stock moved from under .40 to currently trading at .$0.48 on the news. UMeWorld's mission is to facilitate the interaction between people -- "You" and "Me," through its digital platform. Currently, UMeWorld operates UMeLook (www.umelook.com), an online video platform focused on bringing foreign video content to China. UMeLook is deployed through a sophisticated CDN (Content Delivery Network) with broad coverage throughout mainland China, Hong Kong & Taiwan. UMeLook plans to be a source of foreign video content for the Chinese viewer across any Internet-enabled device in China. UMeWorld intends to focus its future operations on digital media and the digital education market.
Baidu, Inc. (NasdaqGS: BIDU) is trading at $98.07, gaining $1.62(1.68%) as of 10:45AM EDT on over 2 Million shares. On May 7th they announced the acquisition of the online video business of leading Internet video provider PPS for US $370 million.
Baidu and PPS expect the transaction to close in the second quarter of 2013, subject to customary closing conditions. Upon completion of the transaction, the PPS online video business will be consolidated into Baidu's financial statements. PPS's online video business will be merged with Baidu's own video platform iQiyi.
Renren Inc. (NYSE: RENN) is trading at $3.0597, gaining 0.0797(2.67%) as of 10:49AM EDT this morning over 1 Million shares. The company, a leading real-name social networking internet platform in China, reported its unaudited financial results for the first quarter ended March 31, 2013 earlier this month. Total net revenues were US$46.6 million, a 45.2% increase from the corresponding period in 2012.
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BC Residents and Investor Disclaimer: Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894
800-665-0411 - Source - www.Investorideas.com or Disclaimer: Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894

Solar Stock Q&A with CEO of XsunX, Inc. (OTCQB: XSNX) Discussing Paradigm Shift in Solar Industry

Point Roberts, WA - May 22, 2013 (Investorideas.com newswire) Investorideas.com staff: Investorideas.com, an investor research portal specializing in investing ideas in leading sectors including renewable energy stocks, issues an exclusive Q&A interview with Mr. Tom Djokovich, CEO of the solar company, XsunX, Inc. (OTCQB: XSNX). Mr. Djokovich shares insight into the paradigm shift within the solar industry and how his company has adjusted accordingly.

Q: Investorideas.com
In a recent press release you discussed a paradigm shift within the solar industry. Investors have seen firsthand how stocks reflected massive changes in this sector. Can you expand on that thought and on how your company has adjusted to these changes?
A: XsunX CEO Tom Djokovich
The good news is that PV installations worldwide are on track to increase about 19% this year, and most analysts see near 17% CAGR through 2020. Almost every nation or region now has a long-term renewable energy plan that includes a significant portion to solar. This is fantastic for the industry and XsunX. However, these numbers come on the heels of several years of overcapacity during which we saw intense completion, significant plant closures, and prices declining to levels that are below the typical production costs of many PV manufacturers. This had created huge declines in investor confidence.
During this period of shakeout and market rationalization, we felt that attempting to compete without any real differentiation could lead to rapid failure. So, XsunX adapted by focusing on the development of our CIGSolar® technology as a next-generation replacement technology for the use of silicon. With silicon, the dominant technology in use today, having been squeezed to virtually a zero margin business, the assumptions we made at the initial launch of our technology development (that low cost CIGS solar cells could replace silicon and revive margins), are still true today.
Q: Investorideas.com
The company also reported that Dr. John R. Tuttle had joined the Company's Advisory Board. Can you give an overview of his background and what he brings to the table for XsunX?
A: XsunX CEO Tom Djokovich
In my opinion, Dr. Tuttle is an entrepreneur and cutting edge scientist wrapped into one and that's not easy to find in the PV sector. He has over 30 years' experience during which he was a Senior Scientist at NREL, where his research guided the fabrication of thin-film CIGS PV devices, elevating the science with multiple world-record efficiencies, and he has shown success as an entrepreneur building a PV tech business from the ground up.
There are a lot of talented engineers and scientists in the industry that will deliver exactly what you ask for without regard for practicality. If you want examples, just look at the Solyndra project - great engineering - impractical application of the technology. In today's market, we were looking for someone that could help identify opportunities and ways to adapt our technology into markets that some may be overlooking. John is that type of person.
Q: Investorideas.com
Can you give us a brief overview of CIGSolar® technology and how that plays into the changes in the solar industry as you foresee it?
A: XsunX CEO Tom Djokovich
The general science of CIGS ( Copper Indium Gallium (di) Selenide) thin film solar cells is well known. The issues have been in transitioning world-class laboratory results into world-class, large-scale manufacturing systems. Therefore, you might say it isn't as much of a science challenge as an engineering application challenge. In looking at the problem, we decided to take a page from the hard disc-drive industry (a thin film industry) and apply some of the lessons' they have learned.
There are several ways to make CIGS and we use co-evaporation - the method that has produced the best efficiency results. Scaling co-evaporation has presented challenges, so our idea was to scale the number of controlled points of evaporation and not the evaporation technology itself. This is in essence what the hard disc industry did when they replaced large area manufacturing techniques with mass small area manufacturing methods. The results were passed along to consumers in the form of higher memory capacity and lower pricing. That's the effect we believe our CIGSolar® technology can provide to the industry.
Q: Investorideas.com
Tom, what do you see as both the biggest obstacles and opportunities for your company and the sector in general?
A: XsunX CEO Tom Djokovich
First, let me say that I think that the stars are aligning again for the industry. Several years of over-capacity has in many ways produced positive effects such as the elimination of numerous inefficient manufacturers, cost reductions that continue to make solar more and more attractive as a viable alternative to coal and nuclear, and a hundred gigawatts of installed capacity with hundreds more planned has increased PV's relevance as a mainstream source of power production.
The challenge that we see is working through the residual effects of the billions of dollars that were lost by investors and manufacturers in investments made into other thin film technologies such as amorphous silicon. The rapid decline in silicon pricing cut any value proposition offered by amorphous or non-coevaporation CIGS off at the knees. It took the market by surprise and what we are working to accomplish is to rebuild the confidence of investors in next-generation thin film manufacturing techniques.
The good news is that silicon pricing has stabilized - that makes it easier to predict longer-term value propositions in new technologies such as our CIGSolar®. In addition, with long-term renewable energy plans being adopted in developing regions worldwide we see more opportunities for CIGSolar®. The cost differences between deploying silicon manufacturing and CIGSolar® infrastructure are significant. This is why we have been responding to firms in those regions interested in deploying CIGSolar® as their technology choice.
About XsunX (OTCQB: XSNX)
XsunX, Inc. is working to commercialize a new manufacturing process to produce low cost, high efficiency thin-film Copper Indium Gallium (di) Selenide (CIGS) thin film solar cells. Our patent-pending processing technology, which we call CIGSolar®, focuses on the mass production of thin-film CIGS solar cells utilizing a proprietary multi-area thermal deposition process to minimize processing defects to create highly uniform CIGS films. These cells match silicon solar cell dimensions and can be offered as a non-toxic, high-efficiency and lowest-cost alternative to the use of silicon solar cells. The company is offering licenses for the use of the CIGSolar® process technology, and plans to generate revenue through licensing fees and manufacturing royalties for the use of the CIGSolar® technology.
For more information please call XsunX at 888-797-4527, or visit the company's website at www.xsunx.com
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Social Media Stock UMeLook (OTC: UMEWF) Brings online video platform focused on bringing foreign video content to China.

May 22, 2013 (Investorideas.com newswire) Social Media Stock Alert: UMeWorld Limited ( OTC: UMEWF ) announces the launch of a newly redesigned UMeLook.com which focuses on navigation and visuals that are intended to make the website more appealing and addictive to the web "surfer".
China has a population of 550 million "webizens", many of whom are glued to tablets or smartphones as they make their daily commute; mobile Web users last year totaled 420 million, an increase of nearly 18% from the previous year. However, the competition for "eyeballs" is fierce. Unlike many local online video companies who focus on local TV series and movies, UMeLook is uniquely positioned to provide foreign UGC video content of 3 to 8 minutes duration. UMeLook is targeting Chinese viewers between the ages of 18 and 45 years old who are interested in foreign information, products and brands.
"The new updates to UMeLook.com are just the beginning," Michael Lee, President & CEO of UMeWorld Limited. "We will continue to optimize the user experience as we receive their feedback; more importantly, the stage is set for our next major milestone, transforming UMeLook.com into a global e-commerce platform and assisting small and medium brands worldwide, to expand into the Chinese market".
About UMeWorld
UMeWorld's mission is to facilitate the interaction between people -- "You" and "Me," through its digital platform. Currently, UMeWorld operates UMeLook (www.umelook.com), an online video platform focused on bringing foreign video content to China. UMeLook is deployed through a sophisticated CDN (Content Delivery Network) with broad coverage throughout mainland China, Hong Kong & Taiwan. UMeLook plans to be a source of foreign video content for the Chinese viewer across any Internet-enabled device in China. UMeWorld intends to focus its future operations on digital media and the digital education market.
Forward Looking Statement
Statements in this press release that relate to the Company's expectations with regard to the future impact on the Company's results from new products in development are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are subject to risks and uncertainties. Words such as "expects," "intends," "plans," "may," "could," "should," "anticipates," "likely," "believes" and words of similar import also identify forward-looking statements. Forward-looking statements are based on current facts and analyses and other information that are based on forecasts of future results, estimates of amounts not yet determined and assumptions of management. Readers are urged not to place undue reliance on the forward-looking statements, which speak only as of the date of this release since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. We assume no obligation to publicly update or revise any forward-looking statements in order to reflect any event or circumstance that may arise after the date of this release, even if new information becomes available in the future. For a more detailed description of the risk and uncertainties affecting the Company, reference is made to the Company's reports filed from time to time with the Securities and Exchange Commission.
For more information, please contact:
UMeWorld Limited
E-mail: info@UMeWorld.com
Published at Investorideas.com newswire
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Solar Stock XsunX, Inc. (OTCQB: XSNX) Reports Dr. John Tuttle Comes on Board to Strengthen CIGS Technological and Business Capabilities

ALISO VIEJO, CA - May 20, 2013 (Investorideas.com renewable energy newswire) Solar stock, XsunX, Inc. (OTCQB: XSNX), the developer of CIGSolar®, a patent-pending technology for the mass production of CIGS solar cells that offers a capital-efficient, low-cost alternative to the use of silicon solar cells, today announced that the Dr. John R. Tuttle had joined the Company's Advisory Board. "John's extensive entrepreneurial background and comprehensive knowledge of the Cleantech industry is the perfect addition to XsunX at just the right time," stated XsunX CEO, Tom Djokovich.

Over the last several years, the Company has been developing its CIGSolar® technology while navigating the solar industry-wide restructuring. Recently XsunX began its transition from focusing on its CIGSolar baseline system design and build-out to marketing of its CIGSolar® technology. The next logical step was the addition of a seasoned industry innovation and business development veteran to aid in this transition and further development of XsunX's business relationships with customers and investors.
"There's been a paradigm shift occurring at virtually every level of the solar industry including, and most significantly, how business, the capital markets, and project finance assess the value of the solar industry as a whole and, more specifically, the value of any particular technology," added XsunX CEO Tom Djokovich. "Our current requirement was to find someone with world-class CIGS experience and someone who could also 'think outside of the box' -- or in the CIGS business -- outside of the vacuum chamber to commercialize technology. Dr. Tuttle's years of noteworthy experience at NREL elevating the science and capabilities of CIGS, and his experience transitioning innovation into operational results provides XsunX with the hands-on capabilities that we were looking for," concluded Mr. Djokovich.
Dr. Tuttle brings 30 years of experience in the semiconductor & photovoltaic industries to XsunX, and for the last several years has focused on assisting with operational and capital management of early-stage companies in the Cleantech sector. Previously, he was the co-founder, Chief Executive & Chairman of DayStar Technologies, Inc. where he took the company from 3 employees to an operational organization with world-class development and pilot production facilities, achieving an over 900% value creation for its IPO shareholders.
From 1986-1997, Dr. Tuttle held the position of Senior Scientist at NREL where his research guided the fabrication of thin-film CIGS PV devices with multiple world-record efficiencies. He has authored/co-authored over 70 publications, 14 Patent's / Patent applications, and conducted over 100 presentations about technology & business development. Dr. Tuttle holds a Ph.D. in EE from the University of Colorado , an M.S. from the Colorado School of Mines and a B.S in Applied and Engineering Physics from Cornell University . Dr. Tuttle is joining as Senior Scientific and Business Advisor to XsunX.
About XsunX
XsunX, Inc. is working to commercialize a new manufacturing process to produce low cost, high efficiency thin-film Copper Indium Gallium (di) Selenide (CIGS) thin film solar cells. Our patent-pending processing technology, which we call CIGSolar®, focuses on the mass production of thin-film CIGS solar cells utilizing a proprietary multi-area thermal deposition process to minimize processing defects to create highly uniform CIGS films. These cells match silicon solar cell dimensions and can be offered as a non-toxic, high-efficiency and lowest-cost alternative to the use of silicon solar cells. The company is offering licenses for the use of the CIGSolar® process technology, and plans to generate revenue through licensing fees and manufacturing royalties for the use of the CIGSolar® technology.
For more information please call XsunX at 888-797-4527, or visit the company's website at www.xsunx.com
Safe Harbor Statement
Matters discussed in this press release contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other unknown factors that could cause the Company's actual operating results to be materially different from any historical results or from any future results expressed or implied by such forward-looking statements. In addition to statements that explicitly describe these risks and uncertainties, readers are urged to consider statements that contain terms such as "may," "will," "should," "believes," "expect," "intend," "anticipate," "plan," "estimate" to be uncertain and forward-looking. The forward-looking statements contained herein are also subject to risks and uncertainties that are described in our most recent annual report on Form 10-K under the heading "Risk Factors" and our subsequent filings with the Securities and Exchange Commission. We do not undertake any obligation to update publicly any forward-looking statements whether as a result of the receipt of new information, future events, or otherwise.
contact:
XsunX
888-797-4527
www.xsunx.com
Published at Investorideas.com newswire
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Solar Stocks Snapshot; Solar City (SCTY), XsunX, Inc. (OTCQB: XSNX), Canadian Solar (CSIQ), LDK Solar (LDK)

Point Roberts, WA - May 20, 2013 (Investorideas.com renewable energy newswire) Investorideas.com staff: Investorideas.com, an investor research portal specializing in investing ideas in leading sectors including renewable energy stocks issues a snapshot for solar stocks for last week�s trading session.

SolarCity Corporation (NasdaqGM: SCTY) closed strong in Friday's session, ending at $45.00, gaining 9.31 or 26.09% on over 7/8 million shares.
The company announced a lease financing agreement with Goldman Sachs (GS) to fund more than $500 million in solar power projects; an estimated 110 megawatts in generation capacity for homeowners and businesses.
Last week XsunX, Inc. (OTCQB: XSNX), the developer of CIGSolar®, a patent-pending technology for the mass production of CIGS solar cells that offers a capital-efficient, low-cost alternative to the use of silicon solar cells, announced that the Dr. John R. Tuttle had joined the Company's Advisory Board. "John's extensive entrepreneurial background and comprehensive knowledge of the Cleantech industry is the perfect addition to XsunX at just the right time," stated XsunX CEO, Tom Djokovich. The stock traded above average volume on the news.
Canadian Solar Inc. (NasdaqGS: CSIQ) closed Friday at $7.84, gaining 0.76 or 10.73% on volume of 2,933,898 shares. Last week the company announced the successful expansion of its partner Romano Sustainable Solutions in Africa. Romano, a pioneer company in the South African photovoltaic (PV) industry, was recently awarded the engineering, procurement and construction (EPC) contract for a 360 kW PV solar system installation. The roof top installation will be on the Johannesburg headquarters of Eskom, the largest producer of electricity in Africa.
LDK Solar Co., Ltd. (NYSE: LDK) closed Friday at $1.52, up 0.14 or 10.14% on 3,431,009 shares. On Thursday they announced signing a wafer supply contract with Realforce Power Co., Ltd, a photovoltaic (PV) company located in Shandong Province, China. Under the terms of the agreement, LDK Solar will provide 120 million 6-inch wafers, totalling approximately 500 megawatts (MW), with shipments commencing in May 2013 through December 2014
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Oilfield Services / Frac Water Stock Trading Alert; HII Technologies, Inc. (HIIT) Announces First Quarter 2013 Results

HOUSTON - May 15, 2013 (Investorideas.com Newswire) HII Technologies, Inc. (the "Company") (OTCBB: HIIT), an oilfield services company headquartered in Houston, Texas, today announced financial results for the first quarter ending March 31, 2013.

As stated in the Company's Quarterly Report on Form 10-Q filed on May 15, 2013, first quarter 2013 revenues were $2,609,773, which generated a gross profit margin of $532,292. These revenues consist of AES Water Solutions as well as initial revenue contribution from South Texas Power and the AES Safety Services divisions, which were launched in late December 2012 and January 2013 respectively. AES Water Solutions generated revenues of $536,371 for the comparable period in 2012. Accordingly, this represents revenue growth for AES of more than 380% for the first quarter 2013, on a pro forma basis, from the comparable period in 2012.
For the first quarter ending March 31, 2013, the Company had Adjusted EBITDA of approximately $101,390, (EBITDA defined as earnings before interest, depreciation, amortization, non-cash stock option expenses, and one-time non-operational expense items), a non-GAAP measure. A reconciliation table of the Adjusted EBITDA is provided below. The Net Loss for the first quarter 2013 was $114,389.
Brent Mulliniks, President of AES Water Solutions stated, "We experienced good growth in the first quarter from both increased demand with existing customers and from expanded operations. AES incurred additional expenses as it established new areas of operations in the Permian Basin and the Cline Shale in West Texas as well as the Eagle Ford Shale in South Texas." Mr. Mulliniks continued, "New revenues are now being generated as a result of these expenditures."
"All three divisions, Water, Power and Safety, exceeded their revenue targets for the first quarter 2013," said Matthew Flemming, CEO of HII Technologies. "Our investments in people and equipment which used cash flow from existing operations should continue to fuel organic growth. Also, the Company continues to evaluate new technologies and potential acquisitions."
Mr. Flemming also confirmed that the Company's expansion into West and South Texas with AES Water Solutions frac water supply operations added new customers and generated additional revenues while reducing its overall customer concentration. Mr. Flemming continued, "The Company procured trailers, manifolds, and related equipment as well as sourced new labor for these strategic markets. Currently, we anticipate further growth in all three divisions in these active resource areas going forward."
As reported in the Company's Quarterly Report on Form 10-Q for the period ending March 31, 2013, Current Assets increased by approximately $796,000 to approximately $2,540,000 from the previous quarter ended December 31, 2012. The Company's Stockholder's Equity (Total Assets minus Total Liabilities) decreased by approximately $63,000 to approximately $808,000, sequentially from the previous quarter ended December 31, 2012. These balance sheet changes were the result of increased revenues and cash flow partially offset by expansion costs and other one-time expenses.
First Quarter 2013 Income Statement
The table below sets forth the Company's Statement of Operations, for the first quarter ending March 31, 2013 (in thousands):
The first quarter revenues exceeded the earlier estimate made by the Company's preliminary Q1, 2013 results press release by more than 18%. The full discussion of the Company's financial results is available within the Company's Quarterly Report on Form 10-Q filed May 15, 2013.
Adjusted EBITDA Reconciliation Table
Following is a reconciliation of income from continuing operations attributable to the Company as presented in accordance with United States generally accepted accounting principles (GAAP) to EBITDA.
For more information, management's analysis of its financial information and the Company's risk factors, please read the Company's First Quarter 2013 Quarterly Report on Form 10-Q and its 2012 Annual Report on Form 10-K at the Edgar web site at www.SEC.gov and www.HIITinc.com.
Annual Meeting
HII Technologies is holding its annual stockholders meeting on Monday, June 17, 2013 in Houston, Texas. The Company is mailing a notice of meeting and proxy statement along with a copy of our annual report to all stockholders of record as of the record date April 29, 2013. A copy of the notice of meeting and proxy statement has been filed with the Securities and Exchange Commission as well. The Company will issue another press release at a later date with more details of this meeting.
About HII Technologies, Inc.
HII Technologies, Inc. is a Houston, Texas based oilfield services company with operations in Texas, Oklahoma, Ohio and West Virginia. The Company is positioned to take advantage of the significant anticipated growth in horizontal drilling and hydraulic fracturing within the United States' active shale and unconventional "tight oil" plays by deploying new oilfield related technologies to enhance the value of services it offers its customers. The Company's frac water supply services subsidiary does business as AES Water Solutions, its onsite oilfield contract safety consultancy does business as AES Safety Services, and its mobile oilfield power subsidiary does business as South Texas Power (STP). The holding company, HII Technologies' objective is to bring proven technologies to these operating divisions to build a long-term competitive advantage. Read more at www.HIITinc.com, www.AESwatersolutions.com and www.Oilfield-Generators.com.
Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Any statements as to matters that are not of historic fact are forward-looking statements. These forward-looking statements are based on HII's current expectations, estimates and projections about HII, its industry, its management's beliefs and certain assumptions made by management, and include statements regarding estimated capital expenditures, future operational and activity expectations, international growth, and anticipated financial performance in 2013. No assurance can be given that such expectations, estimates or projections will prove to have been correct. Whenever possible, these "forward-looking statements" are identified by words such as "expects," "believes," "anticipates" and similar phrases.
Readers are cautioned that any such forward-looking statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict, including, but not limited to: risks that HII will be unable to achieve its financial, capital expenditure and operational projections, including quarterly and annual projections of revenue and/or operating income and risks that HII's expectations regarding future activity levels, customer demand, and pricing stability may not materialize (whether for HII as a whole or for geographic regions and/or business segments individually); risks that fundamentals in the U.S. oil and gas markets may not yield anticipated future growth in HII's businesses, or could further deteriorate or worsen from the recent market declines, and/or that HII could experience further unexpected declines in activity and demand for its hydraulic frac related water transfer business, its safety consultancy business or its generator and related equipment rental service businesses; risks relating to HII's ability to implement technological developments and enhancements; risks relating to compliance with environmental, health and safety laws and regulations, as well as actions by governmental and regulatory authorities; risks that HII may be unable to achieve the benefits expected from acquisition and disposition transactions, and risks associated with integration of the acquired operations into HII's operations; risks, in responding to changing or declining market conditions, that HII may not be able to reduce, and could even experience increases in, the costs of labor, fuel, equipment and supplies employed and used in HII's businesses; risks relating to changes in the demand for or the price of oil and natural gas; risks that HII may not be able to execute its capital expenditure program and/or that any such capital expenditure investments, if made, will not generate adequate returns; and other risks affecting HII's ability to maintain or improve operations, including its ability to maintain prices for services under market pricing pressures, weather risks, and the impact of potential increases in general and administrative expenses.
Because such statements involve risks and uncertainties, many of which are outside of HII's control, HII's actual results and performance may differ materially from the results expressed or implied by such forward-looking statements. Given these risks and uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. Other important risk factors that may affect HII's business, results of operations and financial position are discussed in its most recently filed Annual Report on Form 10-K, recent Quarterly Reports on Form 10-Q, recent Current Reports on Form 8-K and in other Securities and Exchange Commission filings. Unless otherwise required by law, HII also disclaims any obligation to update its view of any such risks or uncertainties or to announce publicly the result of any revisions to the forward-looking statements made here. However, readers should review carefully reports and documents that HII files periodically with the Securities and Exchange Commission.
Disclaimer/ Disclosure: The Investorideas.com is a third party publisher of news and research Our sites do not make recommendations, but offer information portals to research news, articles, stock lists and recent research. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. This site is currently compensated by featured companies, news submissions and online advertising.
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Mining Stock News: SilverCrest (TSX.V: SVL) (NYSE MKT: SVLC) Reports Q1, 2013 Financial Results Cash Flow from Operations of $8.8 Million ($0.08 Per Share) Net Earnings $6.0 Million ($0.06 Per Share)

VANCOUVER, BRITISH COLUMBIA - May 15, 2013 (Investorideas.com Mining Stocks Newswire) SilverCrest Mines Inc. (TSX.V:SVL) ( NYSE MKT: SVLC) (CW5.F) ("SilverCrest" or the "Company") is pleased to announce its financial results for the first quarter ended March 31, 2013. All financial information is prepared in accordance with IFRS and all dollar amounts are expressed in U.S. dollars unless otherwise specified. The information in this news release should be read in conjunction with the Company's unaudited condensed consolidated interim financial statements for the three months ended March 31, 2013 and associated management discussion and analysis ("MD&A") which are available from the Company's website at www.silvercrestmines.com and under the Company's profile on SEDAR at www.sedar.com.

J. Scott Drever, President stated; "We are pleased with the steady start to 2013, for which operating costs and production were consistent with budget and mine plan, however, our financial performance in comparison to the extraordinary stellar first quarter of 2012, was impacted by lower metal prices and our decision to accelerate waste removal resulting in less ore processed and ultimately fewer ounces of gold sold compared to the first quarter 2012. Our operating team continues to tightly control operating costs, which resulted in the average cash operating cost of ($7.69) per ounce during the first quarter which was less than the corporate guidance of $8.50 per silver equivalent ounce. We are comfortable that, as the strip ratio declines during the second half of 2013 and the ore grades in the pit continue to increase, we will meet our corporate market guidance of 625,000 ounces of silver and 33,000 ounces of gold for 2013."
FINANCIAL HIGHLIGHTS OF Q1, 2013, Compared to Q1, 2012:

• Cash flow from operations (1) decreased 28% to $8.8 million ($0.08 per share).
• Cash operating cost per silver equivalent ounce sold (2) increased 10% to $7.69, but below market guidance of $8.50.
• Revenues reported - IFRS (3) decreased 22% to $15.3 million.
• Metal sales of 157,088 ounces of silver were up 12% and 7,370 ounces of gold were down 25%.
• Bullion inventory at March 31, 2013, included 43,278 ounces of silver and 2,106 ounces of gold.
• Realized spot metal prices were down for ounces sold - silver price fell 12% and gold price fell 5%.
• Net earnings were similar at $6.0 million ($0.06 per share), compared to $6.1 million ($0.07 per share).
• Cash, cash equivalents and short term investments were $41.1 million - Working capital was $48.9 million (at March 31, 2013).

Comparison of the three months ended March 31, 2013 to March 31, 2012
Net earnings were $6,002,276 ($0.06 per share basic) for the first quarter, consistent with $6,070,520 ($0.07 per share basic) in the first quarter of 2012.
Silver and gold revenues totalled $15,329,642 (2012 - $19,599,570) in the first quarter. Silver and gold revenues on a cash basis decreased by 17% to $14,776,451 (2012 - $17,776,691), primarily from a reduction in the number of gold ounces sold and lower realized spot prices.
Silver sales for the quarter were 157,088 ounces (2012 - 139,771), or 12% higher than the same period in 2012, but the average realized price was 12% lower at $30 (2012 - $34) per ounce. Total gold sales were 7,370 ounces (2012 - 9,788) or 25% below 2012. The Company sold 5,896 spot gold ounces (2012 - 6,471) at lower market spot realized prices of $1,626 (2012 - $1,720) per ounce. The Company delivered 1,474 gold ounces (2012 - 1,958) to Sandstorm at $350 per ounce.
Cost of sales amounted to $4,368,519 (2012 - $4,491,131). The cash cost per silver equivalent ounce sold amounted to $7.69, Au:Ag 55.8:1 (2012 - $7.00, Au:Ag 51.2:1). Corporate market guidance estimate for 2013 continues at $8.50 per silver equivalent ounce, (Au:Ag 55:1). The increase in cash cost per silver equivalent ounce sold was driven by higher operating costs during the second half of 2012 and lower gold sales, which corresponded to an increase in the average silver equivalent ounce value loaded on the leach pad and recorded in cost of sales. The overall cash cost per silver equivalent ounce increased, despite a decrease of approximately $0.50 per silver equivalent ounce from a lower silver to gold price ratio during the first quarter compared with the same quarter in 2012.
General and administrative expenses increased by 14% to $1,340,926 (2012 - $1,172,197) primarily due to an increase in regulatory expense and remuneration, resulting from the addition of new Corporate personnel and increased compensation for management.

(1) Cash flow from operations before changes in working capital items. This is a Non-IFRS performance measure.
(2) Silver equivalent ounces consist of the number of ounces of silver sold plus the number of ounces of gold sold multiplied by the ratio of the spot gold price to the spot silver price at the quarter end dates (Q1 2013; 55.8:1, Q1 2012; 51.2:1).
(3) IFRS 18 - Revenue should be recorded at its fair value, which for gold and silver is the market spot price on the date revenue is recognized.
(4) The MBL Hedging Facility was fully repaid in fiscal 2012, so this non-cash adjustment has now been eliminated.

NON-IFRS PERFORMANCE MEASURES
The discussion of financial results in this press release includes reference to cash operating cost per silver equivalent ounce sold which is a non-IFRS performance measure. The Company presents this measure to provide additional information regarding the Company's financial results and performance. Please refer to the Company's MD&A for the three months ended March 31, 2013, for a reconciliation of this measure to reported IFRS results.
OUTLOOK FOR 2013
SilverCrest's immediate focus is to continue to efficiently operate its flagship Santa Elena low cost open pit silver and gold mine, complete the construction of a new 3,000 tonne-per-day mill facility on schedule and on budget, and complete an update of the Santa Elena Resources, Reserves and Life of Mine Plan ("LOMP"). The Company will also advance the delineation of the large silver, copper, gold deposit at the La Joya Property by completing a PEA and further definition drilling of additional resources at La Joya and other exploration targets in its vicinity.
Santa Elena Open Pit Production Targets

• Meet estimated 2013 production of 625,000 ounces of silver and 33,000 ounces of gold (2.4 million ounces of silver equivalent, Ag:Au 55:1) (Q1 2013; 153,481 silver ounces and 7,225 gold ounces or 556,671 ounces of silver equivalent, Ag:Au 55.8:1).
• Achieve estimated 2013 direct operating costs of $20.7 million (Q1 2013; $5.4million).
• Maintain estimated cash operating cost of $8.50 per ounce silver equivalent sold (Ag:Au 55:1). (Q1 2013; $7.69 per ounce silver equivalent).
• Limit estimated operational sustaining capital expenditure to $1.0 million. (Q1 2013; approx $0.4 million incurred).

Santa Elena Expansion Targets

• Complete construction of new conventional 3,000 tpd CCD processing facility on schedule and on budget - Capital assigned for 2013 is $53.2 million. (Q1 2013; approx $25.5 million committed and $10.7m incurred).
• Complete underground decline development of main ramp to 1,500 metres to enable physical access to ore underground for direct mill feed in 2014 - Capital assigned for 2013 is $7.8 million. (Q1 2013; approx $0.8m incurred).
• Complete Pre-Feasibility Study on Expansion Plan (mill, underground and re-processing leach pad material), including Resources, Reserve and LOMP revisions.
• Complete surface drilling of approximately 15,000 metres to expand additional resources and reclassify to reserves - Capital assigned for 2013 is $3.2 million. (Completed: Q1 2013; approx 20,850 metres and $3.0 million incurred, additional drilling of approx 7,000 metres was completed based on success of further discoveries).
• Systematic and aggressive review of new targets near Santa Elena for acquisition and exploration. Subsequent to March 31, 2013 a new property ("San Juan") was acquired (100%) at minimal cost that is approximately 45 kilometres from the Santa Elena Mine. The San Juan Mine was a past producer with reported silver grades over 1 kilogram per tonne. This property is being evaluated for initial drilling in 2013. Mapping and surface sampling results to date show a mineralized system over 3 kilometres along strike with multiple near surface silver-gold targets. Capital assigned for 2013 is minimal and is covered under a general Mexico reconnaissance budget of $1.0 million.

La Joya Project Targets

• File Updated Resource Estimate NI43-101 Technical Report in Q1 2013 with initial positive metallurgical results. (Completed).
• Complete and File a PEA NI43-101 Technical Report evaluating the high grade portion of the deposit as a potential "Starter" Pit. (Commenced).
• Complete Phase III drilling program revised to approximately 40 core and reverse circulation drill holes for in-fill and expansion of current resources. (Capital assigned for 2013 revised to $3 million).
• Complete final staged payments of approximately $4.0 million under the La Joya agreements to acquire 100% of the 10 mineral concessions under option. The final payments can be made by a combination of cash and shares.
• Continue to Explore the Coloradito, La Esperanza and Santo Nino targets, which are adjacent to the Main Mineralized Trend.
• Explore geophysical targets, La Paloma and El Pino within the current land position.

The Qualified Person under National Instrument (NI 43-101) Standards of Disclosure for Mineral Projects for this News Release is N. Eric Fier, CPG, P.Eng, and Chief Operating Officer for SilverCrest Mines Inc., who has reviewed and approved its contents.
SilverCrest Mines Inc. (TSX-V: SVL; NYSE MKT: SVLC) is a Canadian precious metals producer headquartered in Vancouver, BC. SilverCrest's flagship property is the 100%-owned Santa Elena Mine, located 150 km northeast of Hermosillo, near Banamichi in the State of Sonora, Mexico. The mine is a high-grade, epithermal gold and silver producer, with an estimated life of mine cash cost of US$8 per ounce of silver equivalent (55:1 Ag:Au). SilverCrest anticipates that the 2,500 tonnes per day facility should recover approximately 4,805,000 ounces of silver and 179,000 ounces of gold over the 6.5 year life of the open pit phase of the Santa Elena Mine. A three year expansion plan is underway to double metals production at the Santa Elena Mine and exploration programs are rapidly advancing the definition of a large polymetallic deposit at the La Joya property in Durango State.
FORWARD-LOOKING STATEMENTS
This news release contains "forward-looking statements" within the meaning of Canadian securities legislation and the United States Securities Litigation Reform Act of 1995. Such forward-looking statements concern the Company's anticipated results and developments in the Company's operations in future periods, planned exploration and development of its properties, plans related to its business and other matters that may occur in the future. These statements relate to analyses and other information that are based on expectations of future performance, including silver and gold production and planned work programs. Statements concerning reserves and mineral resource estimates may also constitute forward-looking statements to the extent that they involve estimates of the mineralization that will be encountered if the property is developed and, in the case of mineral reserves, such statements reflect the conclusion based on certain assumptions that the mineral deposit can be economically exploited.
Forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors which could cause actual events or results to differ from those expressed or implied by the forward-looking statements, including, without limitation: risks related to precious and base metal price fluctuations; risks related to fluctuations in the currency markets (particularly the Mexican peso, Canadian dollar and United States dollar); risks related to the inherently dangerous activity of mining, including conditions or events beyond our control, and operating or technical difficulties in mineral exploration, development and mining activities; uncertainty in the Company's ability to raise financing and fund the exploration and development of its mineral properties; uncertainty as to actual capital costs, operating costs, production and economic returns, and uncertainty that development activities will result in profitable mining operations; risks related to reserves and mineral resource figures being estimates based on interpretations and assumptions which may result in less mineral production under actual conditions than is currently estimated and to diminishing quantities or grades of mineral reserves as properties are mined; risks related to governmental regulations and obtaining necessary licenses and permits; risks related to the business being subject to environmental laws and regulations which may increase costs of doing business and restrict our operations; risks related to mineral properties being subject to prior unregistered agreements, transfers, or claims and other defects in title; risks relating to inadequate insurance or inability to obtain insurance; risks related to potential litigation; risks related to the global economy; risks related to the Company's status as a foreign private issuer in the United States; risks related to all of the Company's properties being located in Mexico and El Salvador, including political, economic, social and regulatory instability; and risks related to officers and directors becoming associated with other natural resource companies which may give rise to conflicts of interests. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in the forward-looking statements. The Company's forward-looking statements are based on beliefs, expectations and opinions of management on the date the statements are made. For the reasons set forth above, investors should not place undue reliance on forward-looking statements.
The information provided in this news release is not intended to be a comprehensive review of all matters and developments concerning the Company. It should be read in conjunction with all other disclosure documents of the Company. The information contained herein is not a substitute for detailed investigation or analysis. No securities commission or regulatory authority has reviewed the accuracy or adequacy of the information presented.
J. Scott Drever, President
SILVERCREST MINES INC.
Contact:
SilverCrest Mines Inc.
Fred Cooper
(604) 694-1730 ext. 108
Toll Free: 1-866-691-1730
(604) 694-1761 (FAX)
info@silvercrestmines.com
www.silvercrestmines.com
570 Granville Street, Suite 501
Vancouver, British Columbia V6C 3P1
Published at Investorideas.com Newswire
Disclaimer / Disclosure : The Investorideas.com is a third party publisher of news and research Our sites do not make recommendations, but offer information portals to research news, articles, stock lists and recent research. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. This site is currently compensated by featured companies, news submissions and online advertising. Disclosure: SilverCrest Mines has compensated Investorideas.com for the distribution and publishing of this news release (annual news publication 9700) http://www.investorideas.com/About/Disclaimer.asp
BC Residents and Investor Disclaimer : Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894

Biometrics Stock Alert: Homeland Security Corporation (OTC: HSCC) Acquires Security and Biometric Assets and Solutions

WRIGHTWOOD, CA - May 14, 2013 (Investorideas.com newswire) Homeland Security Corporation (OTCMarkets:HSCC), a security technology company announced today the acquisition of all the security and biometric assets of Sense Security Technologies. Sense Technologies is a custom developer and solution provider of integrated hardware and proprietary software targeting the Transportation, Pharmaceutical, Law Enforcement, Healthcare, Travel and Tourism, Time and Attendance, Access Control, and Medical Marijuana Industries, including various State marijuana security/compliance markets.

On March 18th the company announced it had formed a joint venture with Sense Technologies for the development, sale and support of additional identification methods, including Biometrics and Access control solutions to HSCC's existing product line. The company has now formalized this joint venture into an acquisition, using shares/equity to complete the transaction.
The assets of Sense Security Technologies will now allow HSCC to enter the law enforcement, Time and Attendance, Access Control, and multiple other markets using biometric and card based technologies, including the Medical Marijuana industry for the development of security enhanced vending devices.
The assets specifically will include the following applications and technologies: Biometrics – fingerprint, IRIS, facial, Access control – fingerprint, IRIS, smartcard, mag, proximity card, Time and attendance – card or biometrics and Perimeter security – RFID.
Additionally HSCC has acquired all of the source code, documentation, customer base, industry contacts and suppliers.
Recently appointed President, Mr. Dore Perler said, "With the transition of the joint venture to an acquisition within the company, the company now has diverse base of assets within the security sector. We are now confident moving forward we can execute our new plan to become a competitor within the security sector."
About Homeland Security Corporation
HSC is a leading innovator, consultant and implementer of security driven technologies that can be deployed in any environment to meet a client's security or regulatory needs. Our primary mission is to protect people, property, infrastructure, and our clients' high value assets by mitigating threats, guiding regulatory agencies, and integrating new and novel technologies.
SAFE HARBOR
Included in this release are certain "forward-looking" statements, involving risks and uncertainties, which are covered by the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, along with statements regarding Homeland's performance. Such statements are based on management's current expectations and are subject to certain factors, risks and uncertainties that may cause actual results, events and performance to differ materially from those anticipated.
http://www.homelandsecuritycorporation.com/
Please note the current website is under development
Investor relations Contact:
Darren Bankston
404-313-2198
Published at Investorideas.com Newswire
More info on HSCC at Investorideas.com Visit: http://www.investorideas.com/CO/HSCC/
Disclaimer/ Disclosure: The Investorideas.com is a third party publisher of news and research Our sites do not make recommendations, but offer information portals to research news, articles, stock lists and recent research. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. This site is currently compensated by featured companies, news submissions and online advertising. All investment involves risk and loss of investment. Disclosure: HSCC has compensated investorideas.com the equivalent of $ten thousand per month in 144 shares for publishing news and content. Disclosure: http://www.investorideas.com/About/News/Clientspecifics.asp HSCC is not a fully reporting company. More info can be viewed at otcmarkets.com and the company websites.
BC Residents and Investor Disclaimer: Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894

Mobile Commerce Trends and Stocks to Watch; (OTCBB: MBIT), (DDR), (SPG)

Point Roberts, WA - May 13, 2013 (Investorideas.com newswire) Investorideas.com staff: Investorideas.com, an investor research portal specializing in investing ideas in leading sectors including tech and mobile stocks issues a news and trading alert for mobile commerce and mobile marketing trends in retail and some of the recently announced deals that are changing the way retail consumers are reaching out to consumers.
Yesterday a deal was announced between MobileBits Corporation (OTCBB: MBIT) and DDR Corp. (NYSE: DDR), the owner and manager of 445 value-oriented shopping centers representing 116 million square feet in 39 states, Puerto Rico and Brazil.
MobileBits Corporation (MBIT) provider of SAMY ℠ , the award winning mobile marketing and engagement network, announced a strategic agreement with DDR Corp. (DDR), to roll-out the SAMY solution to all DDR retail centers.
In an effort to complement and enhance their current mobile technology solutions, MobileBits intends to integrate the ValuText location-based functionality into the SAMY solution, resulting in additional opportunities for merchants and consumers to interact. The existing 800 ValuText retailers representing more than 10,000 merchant locations and over 1,200 campaigns will benefit immediately by the transaction. SAMY will also be made available to all 14,000 individual DDR brand tenants and SAMY marketing assets will be deployed to all DDR shopping centers nationwide to support the rollout.
SAMY is an innovative 'mobile mall' application that allows shoppers to gain instant access to the latest discounts, coupons and loyalty cards via their mobile devices.
This follows a trend established with real estate giant Simon Property Group, Inc. (NYSE:SPG), a company that owns or has an interest in 373 retail real estate properties comprising 256 million square feet of gross leasable area in North America, Europe and Asia and shopkick to provide a rewards based shopping app deployed to 100 malls. .
The shopkick app is already one of the 5 most widely used shopping apps in the country, according to Nielsen, along with giants like eBay (EBAY) and Amazon (AMZN).
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This site is currently compensated by featured companies, news submissions and online advertising. Disclosure: MBIT pays Investorideas.com an average of $150 per news release. Investorideas.com was not compensated for this article.
BC Residents and Investor Disclaimer : Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894
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Investor Alert: Enterprise Group, Inc. (TSX: E) (OTC: ETOLF) Moves on First Quarter News

May 10, 2013 (www.investorideas.com newswire) Investorideas.com, an investor research portal specializing in sector research for independent investors issues an investor alert for infrastructure stock Enterprise Group, Inc.(TSX:E) (OTC:ETOLF). Yesterday the Company reported first quarter results for the period ended March 31, 2013, and its seventh consecutive quarter of profitability.

Enterprise Group, Inc. is a consolidator of construction services companies operating in the energy, utility and transportation infrastructure industries. The Company's focus is primarily utility & infrastructure construction and specialized equipment rental. The Company's strategy is to acquire complementary service companies in Western Canada, consolidating capital, management and human resources to support continued growth. Enterprise became a Western Canadian leader in flameless heat technology in September 2012 with its acquisition of Artic Therm International Ltd. and is poised to become a technological leader in underground infrastructure construction upon closing of its pending infrastructure construction acquisition
QUARTERLY HIGHLIGHTS
Net profit for the quarter surpassed not only any historical quarter but also exceeded any full fiscal year's profitability in the history of the Company.
Net income for the quarter was $3,167,000, or 34% of revenue, compared to $169,000 in the same quarter last year, an increase of $2,998,000.
Earnings per share for the quarter was $0.05 per share compared to $nil in the same quarter last year.
Revenue for the quarter increased by $5,273,000 to $8,904,000 compared to the same period last year.
EBITDAS (1) for the quarter increased by $3,306,000 to $3,901,000 or 44% of revenue, compared to the same period last year.
Gross profit for the quarter was $5,202,000 or 58.4% compared to $1,226,000 or 33.8% for the same period last year.
The Company's utilities/infrastructure construction division renewed a three year, multi-million dollar service contract with one of Canada's premier power suppliers and due to the high level of service and quality of work, this division was awarded a second contract from the same customer that is similar in size and scope. These contracts were signed in February of 2013.
The Company added depth to its management team hiring Warren Cabral, CA as Chief Financial Officer to assist with the future growth of the Company.
To assist in executing the Company's strategy, in February $1,050,000 was raised in a non brokered private placement of 4,200,000 units at $0.25 per unit. Each unit is comprised of one common share and one common share purchase warrant. Each whole warrant entitles the holder to acquire one common share at an exercise price of $0.35 for a period of six months from the closing of the offering, subject to accelerated expiry in certain circumstances.
Also in February, the Company signed a letter of intent to acquire a specialized underground infrastructure construction company for $12,000,000. This acquisition is aligned with the Company's strategy to focus on infrastructure and specialty rental operations and will assist to mitigate the seasonality of the Company's existing operations. The purchase price of the acquisition is just over two times EBITDA of the target company.
To finance this acquisition, in March the Company entered into an arrangement to raise $6,000,000 of unsecured convertible debentures. The debentures have a two year term at 6% interest and will be convertible into common shares at a price of $.50 per share.
Additionally, subsequent to the quarter end, on May 2, 2013, the Company accepted a term sheet presented by PNC Bank Canada Branch (PNC) to increase its current senior secured finance facility from $12,500,000 to a maximum of $20,000,000.
Full news: http://www.investorideas.com/news/2013/energy/05092.asp
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BC Residents and Investor Disclaimer : Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894
800-665-0411 - Source - www.Investorideas.com