SilverCrest Announces C$75 Million Non-Brokered Private Placement

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VANCOUVER, BC – April 13, 2020 – SilverCrest Metals Inc. (“SilverCrest” or the “Company”) is pleased to announce a non‑brokered private placement of 10,000,000 common shares of the Company at a price of C$7.50 per share for gross proceeds of C$75 million (the “Private Placement”).  The common shares issued under the Private Placement will be purchased by accredited or institutional investors. SilverCrest will pay a cash finder’s fee of 3% on certain placements in connection with subscriptions from certain subscribers introduced by finder’s at arm’s length to the Company.  The Company is reserving the right to increase the Private Placement to issue a total of up to 13,333,334 common shares at C$7.50 per share to raise a total of up to C$100 million.

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