SilverCrest Closes $10 Million Bought Deal Private Placement

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Vancouver, British Columbia–(Newsfile Corp. – December 19, 2017) – SilverCrest Metals Inc. (TSXV: SIL) (OTCQX: SVCMF) (“SilverCrest” or the “Company”) is pleased to announce the completion of the bought deal private placement offering announced on November 30, 2017 whereby the Company issued a total of 9,572,810 units of the Company (“Units”) at a price of $1.05 per Unit (the “Issue Price”) for gross proceeds of $10,051,450 (the “Offering”). Each Unit consists of one common share of SilverCrest and one‑half of one common share purchase warrant (each whole warrant, a “Warrant”). Each Warrant entitles the holder to acquire one common share of SilverCrest at an exercise price of $1.45 until December 19, 2019. The Offering includes exercise in full of the underwriters’ option to purchase additional Units at $1.05 per Unit.