Silvermex Intersects High Grade Gold at La Guitarra-306.99 g/t Au and 1,033.60 g/t Ag or 18,225 g/t Silver Equivalent Over 1.45 m

VANCOUVER, March 27, 2012 - Silvermex Resources Inc. ("Silvermex") (TSX:SLX) announces further underground drill results from five drill holes at its producing La Guitarra property, located in the Temascaltepec Mining District, in the State of Mexico.

These latest drill results demonstrate the presence of a significant new ore extension on the main La Guitarra Vein and have returned assays with bonanza grades of gold and silver while the Doncellas Vein in the hanging wall of the La Guitarra vein continues to return significant mineralization. Drilling has demonstrated the potential extension of the ore shoot 150 meters in depth and 100 meters in strike with the ore shoot still open to the NW and at depth.

The diamond drill holes all intersected high grade gold and silver with the most prominent being drill hole LGS-57, where it intersected 147.473 g/t Au and 607.703 g/t Ag over 3.2 m. This includes a 1.45 m interval of 306.99 g/t Au and 1,033.60 g/t Ag. This translates to a silver equivalent grade of 18,225.040 g/t.

Other notable intersections include drill hole LGS-56, where it intersected 5.35 m of 18.059 g/t Au and 67.694 g/t Ag. This includes a 1.25 m interval of 55.422 g/t Au and 158.036 g/t Ag. This translates to a silver equivalent grade of 3,261.683 g/t.


Table 1. Underground Drill Results

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                         Inter-
                           val  True                        AgEQ
            From     To    Len-  Wid-     Au       Ag        gpt
Hole          (m)    (m)   gth    th     gpt      gpt      (56:1) Vein
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LGS-50      41.40  41.55  0.15  0.10   0.440   183.80    208.493  Doncellas
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LGS-50      66.95  67.30  0.35  0.20   0.123   165.20    172.031  La
                                                                  Guitarra
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LGS-56      79.10  84.45  5.35  5.00  18.059    67.69  1,078.993  La
                                                                  Guitarra
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 including  79.10  80.10  1.00  0.93  22.242    64.90  1,310.452  La
                                                                  Guitarra
---------------------------------------------------------------------------
 including  83.20  84.45  1.25  1.15  55.422   158.04  3,261.683  La
                                                                  Guitarra
---------------------------------------------------------------------------
LGS-57      49.60  50.75  1.15  0.95   0.532   173.90    203.692  Doncellas
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LGS-57     113.10 116.30  3.20  2.85 147.473   607.70  8,866.210  La
                                                                  Guitarra
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 including 113.85 114.35  0.50  0.46  33.852    51.20  1,946.856  La
                                                                  Guitarra
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 including 114.35 115.80  1.45  1.35 306.990 1,033.60 18,225.040  La
                                                                  Guitarra
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 including 115.80 116.30  0.50  0.40   6.995   217.40    609.120  La
                                                                  Guitarra
---------------------------------------------------------------------------
LGS-58      37.30  37.60  0.30  0.20   0.703   177.70    217.068  Doncellas
---------------------------------------------------------------------------
LGS-58     134.60 135.40  0.80  0.60  12.247   131.40    817.232  La
                                                                  Guitarra
---------------------------------------------------------------------------
LGS-59      72.60  73.40  0.80  0.60   0.061   285.00    288.416  Doncellas
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LGS-59     122.25 122.60  0.35  0.22   6.091   378.40    719.497  La
                                                                  Guitarra
---------------------------------------------------------------------------
LGS-60      87.35  87.70  0.35  0.20   0.029   155.20    156.769  Doncellas
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LGS-60     103.50 104.85  1.35  1.05   0.461   370.19    396.033  La
                                                                  Guitarra
---------------------------------------------------------------------------

- AgEQ - silver equivalents based on $1,456 gold and $26 silver (56:1 ratio). Recoveries have not been considered.


These intercepts are located between elevations of 1,700 m and 1,600 m. This drilling has demonstrated the potential extension of the ore shoot 150 m in depth and 100 m in strike with the ore shoot still open to the NW and at depth. This indicates that significant mineralization extends below the deepest recorded mining on the La Guitarra Vein.

Duane Nelson, CEO of Silvermex, reports: "We are very pleased with the bonanza type intercepts we are seeing in this new section of the mine. Never before have we seen gold grades over 300 g/t over such wide strike lengths and depths like this. We have already started to modify our mine plan to focus on developing this area. We are confident we can access the upper portion of the high grade ore body by the third quarter of this year."

Sampling of the drill core was overseen by one of the La Guitarra geologists who marked off the drill core at appropriate intervals based upon the geology and mineralization present. Sample intervals normally vary from 0.2 -- 1.0 m in length. No sample exceeded 1.5 m in overall length. All core samples were sent to Inspectorate Labs sample preparation in Durango, Durango, Mexico. Assays for gold were done by 1 Assay Tonne Fire Assay AA Finish and 4 Acid ICP-AES for silver and other elements. Gold assays that exceed 5 g/t by AA are redone using a gravimetric finish. Silver assays in excess of 100 g/t are redone using Fire Assay Gravimetric. Four acid ICP analyses were conducted at the main laboratory of Inspectorate in Reno, Nevada, USA. Certified standards, blanks, and duplicate samples were inserted in every batch of 20 samples sent to the laboratory.

Pursuant to National Instrument 43-101, Douglas Blanchflower, P. Geo., Geological Consultant to Silvermex, is the Qualified Person ('QP') responsible for the disclosure in this news release.


Company Profile

Silvermex Resources Inc. is a publicly traded mining company focused in Mexico and led by a highly qualified team of professionals from some of the most notable companies in the silver mining sector. The Company's portfolio of projects ranges from early stage exploration to production. Its core asset is the producing La Guitarra silver-gold mine located in the Temascaltepec Mining District of Mexico. Silvermex is currently working to identify future production centers through extensive exploration programs to further develop the district. Silvermex is well financed to further develop resources organically from its multiple projects as well as from the acquisition of additional assets that will drive production growth.


ON BEHALF OF THE BOARD

Duane Nelson
CEO & Director



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Contact

Silvermex Resources Inc.
Fiona Grant, Manager, Investor Relations
604-682-4004
www.silvermexresources.com