CORRECTION: SilverCrest Reports Best Drill Hole Intercept to Date, More High-Grades at Las Chispas

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Vancouver, British Columbia–(Newsfile Corp. – November 1, 2018) – SilverCrest Metals Inc. (TSXV: SIL) (NYSE American: SILV) (“SilverCrest” or the “Company”) is pleased to announce further Phase III drill results for the Las Chispas
Property (the “Property”) located in Sonora, Mexico. As planned, the first seven (7) in-fill drilling results are from the Babicanora Vein including Area 51 and Babicanora Central zones. Results for the first five (5) holes from Area 51 show higher grades and
greater vein widths overall than previously reported for nearby drill results (see details below and attached Figures). The planned in-fill program is designed to upgrade the current inferred resource at Las Chispas by improving the drill density to
approximately 25 metre centres for confirmation of continuity, grade and thickness of the vein. Although these in-fill holes are within the high-grade footprint of the updated resource announced on September 19, 2018 titled “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 MillionOz AgEq; Includes 1.6 Million Tonnes at 1,091 gpt AgEq for 56 MillionOz AgEq”, they were not yet part of the resource.

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