Permit Approval At The Las Chispas Project

VANCOUVER  - SilverCrest Metals Inc. has received approval from the Secretaria de la Defensa Nacional (SEDENA) for the operational storage and use of explosives (the "General Explosives Permit") at the Las Chispas Project in Sonora State, Mexico. Prior to receiving the General Explosives Permit, the Company held a temporary explosives permit for construction until late June 2019. The General Explosives Permit is valid for the Life-Of-Project while exploring, developing or potentially producing and is subject to various standard purchase, consumption, reporting and safety provisions. The receipt of this permit allows SilverCrest to further advance underground exploration for the Babicanora Vein in both the Santa Rosa Decline and Babicanora Historic Adit. SilverCrest has also acquired local water rights for Las Chispas, which are transferrable to a more efficiently located operational well(s) at the Company's discretion. The Company is also pleased to announce that it has exercised its last outstanding option agreement to fully acquire the remaining four of the 28 concessions at Las Chispas, thereby obtaining 100% ownership in all Las Chispas mining concessions containing vein mineral resources.

N. Eric Fier, CPG, P.Eng, and CEO, said, "We continue to de-risk Las Chispas by achieving several significant milestones that are timely and noteworthy as we move forward to a construction decision, including; 1) the receipt of the General Explosives Permit with continuation of the planned underground exploration in the Babicanora Vein (Area 51 zone) and ongoing rehabilitation of the Babicanora Historic Adit for a secondary access to the vein, 2) acquisition of water rights, and 3) attaining 100% ownership of our mining concessions across all vein mineral resources. Also, with the rainy season in Sonora coming to an end, the Company is ramping back up from 14 drills to 17 over the next month. The Company estimates completion of an additional 50,000 meters of drilling in H2 2019, allocating 15 drills on surface and two (2) underground. With more than 100 drill holes awaiting assay results for release, an aggressive H2 2019 drill program, ongoing work related to the Feasibility Study, and a cash position of C$49 million, SilverCrest is well positioned through the balance of the year and into 2020."

While waiting for receipt of the General Explosives Permit, approximately 1.5 months, the Company reallocated operational resources for underground enhancements and additional rehabilitation at both the Babicanora and Las Chispas areas in preparation for further development work, which has now recommenced with drifting on the Babicanora Vein.

SilverCrest continues to advance the extensive work program required to deliver a Feasibility Study for Las Chispas, targeted for H1 2020. The company’s address is 570 Granville Street, Suite 501, Vancouver, British Columbia V6C 3P1, (604) 694-1730, fax: (604) 357-1313, www.silvercrestmetals.com.