SilverCrest Draws an Additional US$30 Million on its US$120 Million Credit Facility

VANCOUVER, BC – December 30, 2021 – SilverCrest Metals Inc. (“SilverCrest” or the “Company”) is pleased to announce that, as planned, the Company’s Canadian subsidiary has completed the third scheduled drawdown of US$30 million on its previously announced US$120 million Project Financing Facility (“Credit Facility”) with an affiliate of RK Mine Finance (see news release dated January 4, 2021). This drawdown takes the total amount of debt accessed to date to US$90 million. The additional funds will be used towards the continued construction of the Company’s Las Chispas Project (“Las Chispas” or “Project”) located in Sonora, Mexico, with a targeted completion in Q2, 2022.

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