July 7, 2008 – Vancouver, B.C., Canada – Genco Resources Ltd.

("Company",

"Genco") is pleased to report that the Company remains on schedule to complete its previously

announced feasibility study in the third quarter of 2008. Genco CFO, Wayne Moorhouse, and

Corporate Finance Department head, Gordon Blankstein, are now focused on financing of the

planned expanded operations.

Genco President, Gregory K. Liller states "At La Guitarra we continue to work with our partners

at Kappes, Cassiday and Associates, in order to have the feasibility study completed in the third

quarter of this year. As of July 1

we have added a third shift at the La Guitarra Mill, and during

the first three days of July the mill processed in excess of 320 tonnes per day. Moving forward

we anticipate operating the mill at or near its 340 tonne per day design capacity. The increased

mill feed comes from both development ore and expanded areas of production developed over

the past twelve months."

For further information:

James R. Anderson, Co-Chairman

Robert C. Gardner, Co-Chairman

Phone: 604-682-2205

E-mail:

gencoinfo@telus.net