SilverCrest Closes Over-Subscribed Non-Brokered Private Placement For C$101 Million

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VANCOUVER, BC – April 17, 2020 – SilverCrest Metals Inc. (“SilverCrest” or the “Company”) is pleased to announce the completion of its non-brokered private placement of common shares of the Company (the “Offering”) which was originally announced on April 13, 2020 for C$75 million. The Company issued a total of 13,465,001 common shares at a price of C$7.50 per common share for gross proceeds of C$100,987,507.50, representing an over-subscription of approximately C$26 million. The Company plans to use the net proceeds of the Offering for continued exploration and development of the Company’s Las Chispas Project located in Sonora, Mexico, and for general working capital and administrative purposes.

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