VANCOUVER, BC – March 5, 2020 – SilverCrest Metals Inc. (“SilverCrest” or the “Company”) is pleased to announce metallurgical test results with increased precious metal recoveries and enhanced process design changes for the ongoing Feasibility Study (“FS”) at the Las Chispas Property (“Las Chispas”) located in Sonora, Mexico. After nine months of extensive further metallurgical test work involving all veins in the current resource and multiple metallurgical domains, the results show an increase of recoveries to 96.1% gold (“Au”) and 93.9% silver (“Ag”), or 95.0% silver equivalent (“AgEq”); based on a ratio of 75 (Ag): 1(Au), with average metallurgical recoveries of 95% Au and 90% Ag. These results represent an increased recovery of 3.4% AgEq over the previous metallurgical test results, as presented in the Technical Report and Preliminary Economic Assessment for the Las Chispas Property, Sonora, Mexico, dated effective May 15, 2019, as amended July 19, 2019 (“PEA”), of 94.4% Au and 89.9% Ag, or 91.6% AgEq.