SilverCrest Announces Best Drill Hole to Date; 8.6 Metres (True Width) at 7,873 gpt AgEq, Newly Defined Area 118 Zone

SilverCrest_nr_20191121

VANCOUVER, BC – November 21, 2019 – SilverCrest Metals Inc. (“SilverCrest” or the “Company”) is pleased to announce additional expansion drill results for the Las Chispas Property (the “Property”) located in Sonora, Mexico. The current drill program on the Las Chispas and Giovanni veins is designed to expand high-grade precious metal mineralization by stepping out from historic underground workings along the down plunging mineralized trend towards intact and previously unmined areas (see attached Figures). Today’s release includes results for six new holes and 17 previously announced holes totaling 23 holes. Thirteen of these 23 holes establish an initial high-grade footprint for this newly defined high-grade zone within a lower horizon of the Las Chispas and Giovanni veins. Hole LC19-118 establishes a new record for the Property returning 8.6 metres grading 7,873 gpt AgEq. This result is particularly impressive given that it is the first intercept of this magnitude returned from the Las Chispas Area, and it is outside the current resource estimate (see 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 the Company’s website (www.silvercrestmetals.com).

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