First Drill Hole Results From Las Chispas

VANCOUVER, BC - SilverCrest Metals Inc. reported the first drill hole results at its Las Chispas Project located in Sonora State, Mexico. Las Chispas is in a historic silver-gold mining district. Information indicates that only three veins, the Las Chispas, William Telland Babicanora, of the fourteen historically reported veins at Las Chispas had documented production, between 1880 and 1930. SilverCrest's initial focus is on these three veins. None of the known veins have been drilled prior to the Company's current campaign. For more information, please refer to our website at www.silvercrestmetals.com.

N. Eric Fier, CPG, P.Eng, President & CEO said, "The initial Las Chispas drill hole results received to date indicate grades of up to 18.55 gpt Au and 2,460 gpt Ag or 3,851.3 gpt AgEq, and also show mineralized widths up to 7.2 meters in estimated true thickness. These first results have exceeded expectations and appear to confirm that historic mining completed in the early 1900's has left behind substantial unexplored, unmined and easily accessible high grade mineralization. Until now, we have only been guided by what we could access from the estimated 11.5 kilometers of historic underground workings with approximate mined widths of 1 to 3 meters. Our drilling adjacent to historic workings now suggests that 1 to 3 meters may be the minimum widths of the Las Chispas vein. By combining our recent underground sampling and new drill results for the first of several veins to be explored, we have begun to discover the hidden potential of this district-wide play.”