SilverCrest Expands High-Grade Granaditas Vein, Discovers New Vein

SilverCrest_nr_20180823

VANCOUVER, BC – August 23, 2018 – SilverCrest Metals Inc. (“SilverCrest” or the “Company”) is pleased to announce new drill results for the Granaditas and the new Granaditas Dos Vein on the Las Chispas Property (the “Property”) located in Sonora, Mexico. The compilation of these new drill holes expands the high-grade footprint for the Granaditas Vein and introduces the Granaditas Dos Vein (see attached Figures). These veins are approximately 40 metres apart and may intersect to the southeast. As previously reported, there are now 30 known epithermal veins on the Property, including 12 significant veins which have drill-intersected high-grade mineralization, consisting of the Babicanora, Babicanora Footwall, Babicanora Norte, Las Chispas, Giovanni including La Blanquita, William Tell, Varela, Granaditas, Granaditas Dos, Luigi and Amethyst veins. Five of the 30 veins have been included in the maiden resource (refer to “Technical Report and Mineral Resource Estimate for the Las Chispas Property, Sonora, Mexico”, effective February 12, 2018 and amended May 9, 2018). SilverCrest expects at least eight veins to be included in the resource update expected in Q3 2018.

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