June 28, 2011

The common shares of Silver Mountain Mines Inc. have been approved for listing on CNSX. Following the qualification of the Company's common shares and exercise of special warrants, there are approximately 35.1 million shares outstanding with a public float of approximately 21.4 million shares.

Silver Mountain Mines is a Canadian-based mineral exploration company. Its principal property is a 100% undivided interest in the Ptarmigan Property, which is located about 35 km west of Radium, British Columbia within the Kootenay Mountains in the Golden Mining Division District.

Listing and disclosure documents for Silver Mountain Mines will be available in the CNSX Listings Disclosure Hall.

Trading Date: Wednesday, June 29, 2011
Symbol: SMM
CUSIP: 828034 10 8
ISIN: CA 828034 10 8 9

Applications are being accepted for Market Makers for "SMM". If you have any questions or require further information please contact Radhika at (416) 572-2000 X 2435 or E-mail: radhika.ramkarran@cnsx.ca