SilverCrest Announces Positive Feasibility Study Results and Technical Report Filing for the Las Chispas Project

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VANCOUVER, BC – February 2, 2021 – SilverCrest Metals Inc. (“SilverCrest” or the “Company”) is pleased to announce positive results from a Feasibility Study (the “Feasibility Study”) for the Las Chispas Project (“Las Chispas” or the “Project”) in Sonora, Mexico. Details of the Feasibility Study, including an updated Mineral Resource Estimate and an initial Mineral Reserve Estimate, are provided in a technical report filed under the Company’s SEDAR profile entitled, “NI 43-101 Technical Report & Feasibility Study on the Las Chispas Project” with an effective date of January 4, 2021 (the “Technical Report”). The Technical Report has been prepared by Ausenco Engineering Canada Inc (“Ausenco”) with the assistance of several other independent engineering companies and consultants.

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