ISS Proxy Advisory Services Recommends Genco Resources Ltd. and Silvermex Resources Ltd. Shareholders Vote in Favour of the Plan

Silvermex Resources Ltd. (TSX VENTURE:SMR) ("Silvermex") and Genco Resources
Ltd. (TSX:GGC) ("Genco"). Genco Resources Ltd. and Silvermex Resources Ltd.
announced today that ISS Proxy Advisory Services (formerly Riskmetrics) a
leading provider of proxy research, who provides advice and voting
recommendations to many larger financial institutions, has published a report
recommending that their subscribers vote "FOR" the special resolution approving
the plan of arrangement.


"We are pleased to have received a positive recommendation in favor of the plan
of arrangement from an independent source," said Duane Nelson Director, CEO of
Silvermex.


The combined company will possess a fully operational mine and a substantial
silver reserve and resource base. The transaction will provide shareholders with
an experienced, production-focused, management team with a successful record of
enhancing shareholder value. The combined company will be well capitalized with
over $6 million in cash. 


The Silvermex Annual and Special Meeting of shareholders will be held at the
offices of Lang Michener LLP, 1500 Royal Centre 1055 West Georgia Street in
Vancouver at 10:00 a.m. (Vancouver time) on Tuesday, November 9, 2010 to
consider the proposed Arrangement. Shareholders are urged to carefully read the
information circular mailed to them in connection with the proposed Arrangement.


James R. Anderson, Acting CEO of Genco said, "We are delighted with the positive
response received to date from fellow shareholders and ISS. I look forward to
seeing the demonstrated skills of Silvermex management at work in unlocking the
value of La Guitarra."


The Genco Special Meeting of the shareholders will be held at the company
offices, suite 525 999 West Hastings Street in Vancouver at 10:00 a.m.
(Vancouver time) on Tuesday, November 9, 2010 to consider the proposed
Arrangement. Shareholders are urged to carefully read the information circular
mailed to them in connection with the proposed Arrangement.


It is extremely important that all shareholders exercise their right to vote.
Proxies must be received no later than 10:00 a.m. (Vancouver time) on November
5, 2010. Shareholders who have questions regarding the contents of the
information circular or require assistance in completing their proxy forms are
urged to contact the proxy solicitation agent, The Laurel Hill Advisory Group
toll-free at 1-877-304-0211.


About Silvermex

Silvermex Resources is a well funded exploration and development company focused
on advancing the recently consolidated Rosario/San Marcial Mining Camp in south
eastern Sinaloa, Mexico. This mining concession consists of 2 past producing
mines and numerous known high-grade deposits. The project has significant
resources and historic reserves with extensive production related infrastructure
in place. Silvermex is led by a highly experienced and successful team,
comprised of top executives from leading corporations in the silver mining
sector. 


About Genco

Genco Resources Ltd. is a publicly traded mining company focused on developing
its core asset, the producing La Guitarra silver-gold property located in the
Temascaltepec Mining District of Mexico. La Guitarra Mine presently consists of
two underground operation centres and a flotation mill with a proven capacity of
320 tonnes per day. Genco is evaluating options for the expansion of existing
mining operations at La Guitarra Mine. 


This News Release contains forward-looking statements. Forward looking
statements are statements which relate to future events. In some cases, you can
identify forward-looking statements by terminology such as "may", "should",
"expects", "plans", "anticipates", believes", "estimates", "predicts",
"potential", or "continue" or the negative of these terms or other comparable
terminology. These statements include assumptions regarding the proposed
transaction between Silvermex and Genco, including that it will be completed in
accordance with the terms and conditions of the Agreement. These statements are
only predictions and involve known and unknown risks, uncertainties and other
factors that may cause actual results, level of activity, performance or
achievements to be materially different from any future results, levels of
activity, performance, or achievements expressed or implied by these
forward-looking-statements. These risks include that the transaction is not
completed or that the combined company is not able to achieve expected results,
as well as other risks and uncertainties described in Silvermex's and Genco's
public filings.


While these forward-looking statements, and any assumptions upon which they are
based, are made in good faith and reflect management's judgment regarding future
events, actual results will almost always vary, sometimes materially, from any
estimates, predictions, projections, assumptions or other future performance
suggests herein. Except as required by applicable law the company does not
intend to update any forward-looking statements to conform these statements to
actual results.
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