SilverCrest Expands Las Chispas Inferred Resource 4.3 Million Tonnes at 3.68 gpt Au and 347 gpt Ag, or 623 gpt AgEq for 87 Million Oz AgEq; Includes 1.6 Million Tonnes at 1,091 gpt AgEq for 56 Million Oz AgEq


VANCOUVER, BC – September 19, 2018 – SilverCrest Metals Inc. (“SilverCrest” or the “Company”) is pleased to announce the updated mineral resource estimation for the Las Chispas Property, located in Sonora, Mexico. Inferred Mineral Resources are estimated at 4.3 million tonnes grading 3.68 grams per tonne (“gpt”) gold (or “Au”) and 347 gpt silver (or “Ag”), or 623 gpt silver equivalent (“AgEq”; based on 75 (Ag):1 (Au) calculated using long-term silver and gold prices of US$18.50 per ounce silver and US$1,225 per ounce gold, with average metallurgical recoveries of 86.6% silver and 98.9% gold). The Inferred Resource Estimate contains 511,800 ounces gold and 48.3 million ounces silver, or 86.7 million ounces of AgEq, using a 150 gpt AgEq cut-off grade and minimum true vein width of approximately 1.5 metres. The combination of the Area 51 zone (Babicanora Vein) and adjacent Babicanora Norte Vein hosts a combined Inferred Resource of 1.6 million tonnes grading 6.97 gpt gold and 568 gpt silver, or 1,091 gpt AgEq containing 56.3 million ounces of AgEq. Of the 30 veins in the district, eight veins were used for the updated resource estimate: Babicanora (including Area 51 zone), Babicanora Norte, Granaditas, Las Chispas, Giovanni (including La Blanquita), William Tell, and Luigi. For comparative purposes, please refer to the technical maiden resource report titled “Technical Report and Mineral Resource Estimate for the Las Chispas Property, Sonora, Mexico”and effective February 12, 2018, as amended May 9, 2018 (“Maiden Resource Report”).

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