SilverCrest Expands High-Grade Babicanora Norte Vein & Adds More Veins

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VANCOUVER, BC – July 24, 2018 – SilverCrest Metals Inc. (“SilverCrest” or the “Company”) is pleased to announce further Phase III drill results for the Las Chispas Property (the “Property”) located in Sonora, Mexico. Step-out drilling of the Babicanora Norte Vein, since the Company’s news release on May 29, 2018, announcing the discovery of this vein, has intersected additional high-grade silver-gold mineralization (see attached Figures). The Babicanora Norte Vein is parallel to the Babicanora Vein and approximately 300 metres northeast. The vein appears to connect with the Granaditas area, which has multiple drill-tested veins to the southeast. We are increasing the number of identified epithermal veins on the Property to 30 from 23 (see attached Figures). Eleven (11) of these veins have been partially drilled and intersected high-grade silver-gold mineralization, including the Babicanora, Babicanora FW, Babicanora Norte, Las Chispas, Giovanni, which includes La Blanquita, William Tell, Varela, Granaditas, Luigi and Amethyst veins. Five of the 30 veins were included in the maiden resource (see “Technical Report and Mineral Resource Estimate for the Las Chispas Property, Sonora, Mexico”, effective February 12, 2018, and amended May 9, 2018 (the “Technical Report and MRE”)).

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