SilverCrest Expands Las Chispas Resource: Indicated Resource: 1.0 Million Tonnes 1,234 gpt AgEq for 39.8 Million Oz AgEq, Inferred Resource: 3.6 Million Tonnes 581 gpt AgEq for 68.1 Million Oz AgEq


VANCOUVER, BC – March 14, 2019 – SilverCrest Metals Inc. (“SilverCrest” or the “Company”) is pleased to announce an updated mineral resource estimate for the Las Chispas Property, located in Sonora, Mexico, effective February 8, 2019 (the “Third Mineral Resource Estimate” or “February 2019 Resources”). The infill drilling program at Las Chispas has delineated an initial Indicated Mineral Resource estimate of 1.0 million tonnes grading 6.98 grams per tonne (“gpt”) gold (or “Au”) and 710.6 gpt silver (or “Ag”), or 1,234 gpt silver equivalent (“AgEq”; based on 75 (Ag):1 (Au), defined in the table below), containing 39.8 million ounces of AgEq. Inferred Mineral Resources are estimated at 3.6 million tonnes grading 3.32 gpt Au and 332.5 gpt Ag, or 581 gpt AgEq, containing 68.1 million ounces of AgEq. Of the 30 known veins in the district, ten veins were included in the updated resource estimate: Babicanora, Babicanora Hangingwall (HW), Babicanora Footwall (FW), Babicanora Norte, Babi Sur, Granaditas, Las Chispas, Giovanni (including La Blanquita and Giovanni Mini), William Tell, and Luigi. For comparative purposes, please refer to the technical reports titled “Technical Report and Mineral Resource Estimate for the Las Chispas Property, Sonora, Mexico” effective February 12, 2018, as amended May 9, 2018 (the “Maiden Resource Report”) and “Technical Report and Updated Mineral Resource Estimate for the Las Chispas Property, Sonora Mexico”, effective September 13, 2018 (the “Second Resource Report”).

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