SilverCrest Metals Inc. Announces Amended Share Allocations under its Stock Incentive Plans

VANCOUVER, BC – June 4, 2021 – SilverCrest Metals Inc. (“SilverCrest” or the “Company”) today announced that its Board of Directors has approved amendments to the Company’s new Equity Share Unit Plan (the “SU Plan”) and its existing Stock Option Plan (“Option Plan”) further to comments on the SU Plan received from an independent proxy advisory firm in order to align these two stock incentive plans with leading governance practices. The SU Plan, as amended, is subject to shareholder approval which is being sought at the Company’s annual general meeting to be held on Tuesday, June 15, 2021. The amendments to the Option Plan do not require shareholder approval.

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