The Energy Report

Silvermex Resources Inc. TICKER: SLX:TSX; GGCRF:OTC Visit Company Website Silvermex Resources Inc. is an advanced-stage, silver-focused exploration and production company. Its portfolio includes key projects in Mexico, and the company's core asset is the producing La Guitarra silver-gold mine located in the Temascaltepec Mining District. Extensive exploration is underway to further develop the district's resource potential. Silvermex, led by professionals from the most notable companies in the silver mining sector, is well financed to drive production growth organically and through the acquisition of additional assets.

The information provided below is from analysts, newsletters and other contributors. Please contact the company and visit its website before making an investment decision.

Expert Analysis

The Gold Report Interview with David Morgan (12/14/11) "We like some small caps. Silvermex Resources Inc. is one that we've come back to. The stock did fairly well after our initial recommendation. . .we sold it [and] came back to it when it was very undervalued. . .sometimes persistence pays off in stocks, however. . .I know enough to know that there's a strong probability that at some point the stock will catch up.

Silvermex [has] one of the better management teams out there. I know Mike Callahan, Silvermex's president who was formerly an executive with Hecla Mining Co. I also know Art Brown, who was also with Hecla. Silvermex has a strong board. They want to make this company viable. They have something to prove."

The Gold Report Interview with Stephen Taylor (7/20/11) "Also, Silvermex Resources in Mexico is ramping up production now [at the La Guitarra silver mine] and is very good. We continue to like silver here. We think these are terrific names. . .The company has a shrewd, experienced team. It's a bunch of ex-Hecla Mining guys."

The Gold Report Interview with Jeff Mosseri (6/24/11) "Silvermex is doing what it should do; it acquired the La Guitarra silver mine, put it back into production and listed on the Toronto Stock Exchange since we last spoke. It's got superb management and a great board. They're defining the resource better; they're cleaning up the mine, which had not been very well taken care of up to this point. They will have $10M of cash flow this year and double that next year. The company can probably continue in that growth path for some time to come. It would not surprise me at all if this management, which came from Hecla Mining, would also have their eyes on interesting properties that haven't been able to be financed but have something very special. I wouldn't be surprised to see them on the acquisition path at some point. So, as we said before, we like riding with a good jockey, and we think the company has superb jockeys. We think this will grow very nicely." More >

Doug Morrison, Ubika Research (5/3/11) "What is interesting about Silvermex Resources? Silvermex Resources closed at $0.73, down 16.09% due to silver taking a 10% spanking on the day. The stock retreated from its 50-day moving average (MA) at $0.83 and has fallen below its 20-day MA at $0.75, but has strong support at the $0.70 level. . .between here and the $0.70 level represents an opportunity to create a long position in the stock."

• Corporate Fact Sheet (10/6/11)
• Corporate Presentation (1/9/12)

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