SMQ Santa Maria Petroleum

Silver Mountain Mines Inc. (TSX VENTURE:SMQ) (CNSX:SMM) ("Silver Mountain" or
the "Company") is pleased to announce that the Toronto Venture Exchange
("TSX-V") has approved Silver Mountain's application to list its common shares
on the TSX-V. Effective Wednesday, February 15, 2012, the Company's shares will
commence trading on the TSX-V under the symbol "SMQ". Silver Mountain will be
classified as a Tier 2 Mining Issuer.


Steve Konopelky, Silver Mountain's President and CEO, said "Advancing our
listing to the TSX-V is a milestone achievement for Silver Mountain that
recognizes our ability to finance and advance the Company's development plan for
the 100% owned Ptarmigan properties. This listing will provide the Company with
the ability to reach a broader investor base."


About Silver Mountain Mines Inc. (CNSX:SMM)

Silver Mountain Mines Inc. is a Canadian based exploration and development
company with 100% ownership in over 9,200 hectares of a two type deposit system;
Silver Rich High Grade Epithermal Veins and a Massive / Semi-Massive Sulphide
Deposit (Carbonate Replacement Deposit). The Company is focused on exploring,
developing and re-opening the Ptarmigan Mine-Iron Cap silver and gold deposit in
South Eastern, British Columbia.


For further information on Silver Mountain Mines Inc. please visit the Company's
website www.silvermountainmines.com and SEDAR (www.sedar.com).


ON BEHALF OF THE BOARD

Steve Konopelky, President and CEO

This news release may contain forward-looking statements including but not
limited to comments regarding the timing and content of upcoming work programs,
geological interpretations, receipt of property titles, potential mineral
recovery processes, etc. Forward-looking statements address future events and
conditions and therefore involve inherent risks and uncertainties. Actual
results may differ materially from those currently anticipated in such
statements. These statements are based on a number of assumptions, including,
but not limited to, assumptions regarding general economic conditions, interest
rates, commodity markets, regulatory and governmental approvals for Silver
Mountain Mines Inc's projects, and the availability of financing for Silver
Mountain Mines Inc.'s development projects on reasonable terms. Factors that
could cause actual results to differ materially from those in forward looking
statements include market prices, exploitation and exploration successes, the
timing and receipt of government and regulatory approvals, and continued
availability of capital and financing and general economic, market or business
conditions. Silver Mountain Mines Inc. does not assume any obligation to update
or revise its forward-looking statements, whether as a result of new
information, future events or otherwise, except to the extent required by
applicable law.

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