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SilverCrest Files PEA Technical Report on the Las Chispas Property

Newsfile Corp.

Vancouver, British Columbia--(Newsfile Corp. - July 8, 2019) - SilverCrest Metals Inc. (TSXV: SIL) (NYSE American: SILV) ("SilverCrest" or the "Company") is pleased to announce the filing of a technical report titled, "Technical Report and Preliminary Economic Assessment for the Las Chispas Property, Sonora, Mexico" (the "PEA"), with an effective date of May 15, 2019. The PEA was independently completed for the Company by Tetra Tech Canada Inc., in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects. The results of the PEA were previously announced in the Company's news release dated May 15, 2019.

The PEA is available under SilverCrest's SEDAR profile at www.sedar.com or on the Company's website at www.silvercrestmetals.com.

ABOUT SILVERCREST METALS INC.

SilverCrest is a Canadian precious metals exploration company headquartered in Vancouver, BC, that is focused on new discoveries, value-added acquisitions and targeting production in Mexico's historic precious metal districts. The Company's current focus is on the high-grade, historic Las Chispas mining district in Sonora, Mexico. SilverCrest is the first company to successfully drill-test the historic Las Chispas Project resulting in numerous discoveries. The Company is led by a proven management team in all aspects of the precious metal mining sector, including taking projects through discovery, finance, on time and on budget construction, and production.

N. Eric Fier, CPG, P.Eng
Chief Executive Officer
SilverCrest Metals Inc.

For Further Information:

SilverCrest Metals Inc.
Contact: Jacy Zerb, Investor Relations Manager
Telephone: +1 (604) 694-1730
Fax: +1 (604) 357-1313
Toll Free: 1-866-691-1730 (Canada & USA)
Email: info@silvercrestmetals.com
Website: www.silvercrestmetals.com
570 Granville Street, Suite 501
Vancouver, British Columbia V6C 3P1

Neither TSX Venture Exchange nor its Regulation Services Provider (as defined in the policies of the TSX Venture Exchange)accepts responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/46104