SilverCrest Metals Inc. (“SilverCrest” or the “Company”) (TSX VENTURE:SIL) is pleased to announce that it has entered into an agreement with a syndicate of underwriters (the “Underwriters”) led by National Bank Financial Inc. (“NBF”) pursuant to which the Underwriters have agreed to purchase, on a bought deal basis, 4,550,000 units of the Company (the “Units”) at a price of C$2.20 per Unit (the “Issue Price”) for gross proceeds to the Company of approximately C$10 million (the “Offering”). Each Unit will consist of one common share of SilverCrest (a “Common Share”) and one half of one common share purchase warrant (each whole common share purchase warrant, a “Warrant”). Each Warrant will entitle the holder to acquire one common share (a “Warrant Share”) of SilverCrest at an exercise price of C$3.00. The Warrants will have a term of 24 months from the closing of the Offering.