SilverCrest Closes $17,250,345 Bought Deal Financing, Over-Allotment Option Exercised in Full

SilverCrest_nr_20180517

VANCOUVER, BC – May 17, 2018 – SilverCrest Metals Inc. (“SilverCrest” or the “Company”) is pleased to announce the completion of its prospectus offering announced on April 26, 2018 whereby the Company issued a total of 8,214,450 common shares at a price of $2.10 per common share for gross proceeds of $17,250,345, including exercise of the over-allotment option in full (the “Offering”). The Offering was led by PI Financial Corp. and Cormark Securities Inc., and included Beacon Securities Limited, Eight Capital, National Bank Financial Inc., BMO Capital
Markets, Desjardins Securities Inc. and Canaccord Genuity Corp. as underwriters. The Company paid the underwriters a cash commission of up to 6% of the gross proceeds of the Offering.

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