SilverCrest Announces Additional Positive Metallurgical Recoveries for Las Chispas

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VANCOUVER, BC – April 18, 2019 – SilverCrest Metals Inc. (“SilverCrest” or the “Company”) is pleased to announce positive metallurgical test results for the Las Chispas Property (the “Property”) located in Sonora, Mexico. Previous metallurgical testing of Las Chispas mineralization suggested precious metal recoveries for three separate composites of two veins using standard bottle roll leach tests showing 98.9% for gold (“Au”) and 86.6% for silver (“Ag”). These new detailed metallurgical test results show estimated recoveries for gold ranging from 98.4% to 98.9% and for silver ranging from 91.4% to 94.8%, or recovery for silver equivalent (“AgEq”; based on 75 (Ag): 1 (Au), defined in table below) from 94.0% to 96.5%, confirming high gold recoveries and improved silver recoveries. These test results were based on a process flowsheet, using conventional methods comprised of gravity concentration and intensive leaching followed by gravity tails standard leaching. The upcoming Preliminary Economic Assessment (“PEA”) will use AgEq recoveries approximately 4% lower than the average of three master composites until further detail test-work is completed in 2019.

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