SilverCrest Announces Las Chispas Vein Extensions to Depth and New Vein Discovery

SilverCrest_nr_20191009

VANCOUVER, BC – October 9, 2019 – SilverCrest Metals Inc. (“SilverCrest” or the “Company”) is pleased to announce expansion drill results for three veins (Giovanni, La Blanquita and Las Chispas) and the discovery of a new vein, La Blanquita Dos, in the Las Chispas Area of the Las Chispas Project (“Las Chispas”) located in the state of Sonora, Mexico. The drilling announced today has expanded the high-grade footprints of several veins in the Las Chispas Area (see attached Figures). These multi-vein results show deeper mineralization which could expand the current resource estimate. The 31 expansion drill holes released today are in addition to the 105 drill holes in the Las Chispas Area previously announced and used in the technical report titled “Technical
Report and Preliminary Economic Assessment for the Las Chispas Property, Sonora, Mexico”, dated effective May 15, 2019, as amended July 19, 2019 (the “PEA”). The PEA is available on SEDAR (www.sedar.com) and on the Company’s website (www.silvercrestmetals.com).

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