Thursday, December 13, 2018

Investorideas.com Newswire - #Mining Stock News: #SilverCrest (TSXV: $SIL.V; NYSE: $SILV) Announces Additional Positive In-fill Drill Results at Las Chispas

#Mining Stock News: #SilverCrest (TSXV: $SIL.V; NYSE: $SILV) Announces Additional Positive In-fill Drill Results at Las Chispas

8.2 Metres @ 3,193 gpt ageq

5.6 metres @ 1,442 gpt ageq

Vancouver, British Columbia - December 13, 2018 (Investorideas.com Newswire) SilverCrest Metals Inc. (TSXV: SIL.V; NYSE American: SILV) ("SilverCrest" or the "Company") is pleased to announce further Phase III in-fill drill results for the Las Chispas Property (the "Property") located in Sonora, Mexico. The current drill program is designed to increase resources through expansion drilling and improve confidence in the resource with closely spaced in-fill drilling in the Babicanora Vein, including the high-grade Area 51 zone. All 12 newly reported in-fill core holes in this release were targeting mineralization in the Area 51 zone. In addition to the seven in-fill drill results previously reported on November 1, 2018, these 12 in-fill core holes show further encouraging results. The weighted average (true width, uncut, undiluted) of today's in-fill holes is 3.4 metres grading 12.39 gpt gold (or "Au") and 795.7 gpt silver (or "Ag"), or 1,725 gpt silver equivalent ("AgEq", based on assumptions defined in table below). For comparison, in the September 13, 2018 resource estimate, Area 51 had an estimated weighted average true width of 2.7 metres, grading 7.13 gpt gold and 614 gpt silver or 1,148 gpt AgEq.

N. Eric Fier, CPG, P.Eng, and CEO, remarked, "With further positive results from closely spaced in-fill drilling, we continue to confirm the continuity of high-grade mineralization in the Babicanora Vein, including the Area 51 zone. These additional drill holes are indicating wider mineralized thicknesses in several areas than previously modelled and are starting to identify discrete multi-kilograms per tonne mineralized shoots. In addition, Holes BA18-101, 105, and 106 show better grades in areas of previously modelled lower grade mineralization. Hole BA18-108 shows expanded high-grade mineralization towards the surface exposure of the vein. These additional holes are critical to the potential expansion of resources. All 19 in-fill drill results reported to date have intercepted grades above the Company's cut-off of 150 gpt AgEq. With 9 surface drill rigs operating, SilverCrest will continue with both its in-fill and expansion drill program focused on further de-risking the current resources and finding new discoveries in the Babicanora area. In conjunction with the ongoing drill campaign, we are aggressively working on the third resource estimate and a Preliminary Economic Assessment ("PEA")."

The most significant result for this release is Hole BA18-100 intersected 8.2 metres (estimated true width) grading 27.70 gpt Au and 1,115.6 gpt Ag, or 3,193 gpt AgEq. Also noteworthy are holes BA18-105, at 5.6 metres grading 9.41 gpt Au and 736.5 gpt Ag, or 1,442 gpt AgEq, and BA18-102 at 2.5 metres grading 15.97 gpt Au and 1,743.1 gpt Ag, or 2,941 gpt AgEq. The following table summarizes the most significant drill intercepts for all 12 in-fill drill holes to this news release (uncut, undiluted).

Babicanora Vein (Area 51) In-Fill Drill Intercepts:

Note: all numbers are rounded.
* AgEq based on 75 (Ag):1 (Au) calculated using long-term silver and gold prices of US$18.50 per ounce silver and US$1,225 per ounce gold, with average metallurgical recoveries of 86.6% silver and 98.9% gold.

All assays were completed by ALS Chemex in Hermosillo, Mexico, and North Vancouver, BC, Canada.

In-fill drilling along with original drill intercepts is starting to define discrete high-grade shoots within the Babicanora Vein. With success of closely-spaced drilling around Hole BA17-51 (discovery hole for Area 51 zone), the Company has identified a multi-kilograms per tonne AgEq mineralized shoot ("Shoot 51") consisting of eight (8) core hole intercepts with a spacing of 25 to 35 metres apart (see Shoot 51 in attached Figures). Mineralization in Shoot 51 is structurally and lithologically-controlled with coarse argentite, electrum, native silver and gold. Weighted average intercept grade and true width of this area (approx. 100 metres by 75 metres) is 5.3 metres at 15.89 gpt Au and 1,471.5 gpt Ag, or 2,663 gpt AgEq. Also, a second discrete mineralized shoot consisting of six (6) core hole intercepts is being defined around Hole BA17-43 ("Shoot 43") with a weighted average intercept grade and true width of this area (approx. 100 metre by 75 metres) being 4.1 metres at 11.55 gpt Au and 1,269.1, or 2,135 gpt AgEq.

Figure 1: Long Section (Inclined) of Babicanora Vein Las Chispas Property, Looking Southwest

Figure 2: Long Section (Inclined) of Babicanora Vein Area 51, Looking Southwest (Insert)

Figure 3: Las Chispas District with Babicanora Plan Map, December 2018

The Company continues its Phase III exploration program with nine drills operating on site. Drills are focused on expanding mineralization for inclusion in the next updated resource estimate anticipated in Q1, 2019 and in-fill drilling (estimated 25 metre spacing) to reclassify Inferred Resources to Measured and Indicated. An additional 10,000 to 15,000 metres of drilling are planned for inclusion in the next updated resource. Other ongoing site work includes PEA work, ground breaking for the Area 51 decline, an extensive metallurgical test program, drilling large diameter wells for site water, and permitting for various additional work.

The Qualified Person under National Instrument 43-101 Standards of Disclosure for Mineral Projects for this news release is N. Eric Fier, CPG, P.Eng, and CEO for SilverCrest, who has reviewed and approved its contents.

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.

FORWARD‐LOOKING STATEMENTS

This news release contains "forward-looking statements" within the meaning of Canadian securities legislation. These include, without limitation, statements with respect to: the strategic plans, timing and expectations for the Company's exploration, rehabilitation and drilling programs of the Las Chispas Property, including drilling test water wells, permitting for various work, and optimizing and updating the Company's resource model; information with respect to high grade areas and size of veins projected from underground sampling results and drilling results; and the accessibility of future mining at the Las Chispas Property. Such forward-looking statements or information are based on a number of assumptions, which may prove to be incorrect. Assumptions have been made regarding, among other things: the conditions in general economic and financial markets; availability of skilled labour; timing and amount of expenditures related to rehabilitation and drilling programs; and effects of regulation by governmental agencies. The actual results could differ materially from those anticipated in these forward-looking statements as a result of risk factors including: the timing and content of work programs; results of exploration activities; the interpretation of drilling results and other geological data; receipt, maintenance and security of permits and mineral property titles; environmental and other regulatory risks; project cost overruns or unanticipated costs and expenses; and general market and industry conditions. Forward-looking statements are based on the expectations and opinions of the Company's management on the date the statements are made. The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date the statements were made. The Company undertakes no obligation to update or revise any forward-looking statements included in this news release if these beliefs, estimates and opinions or other circumstances should change, except as otherwise required by applicable law.

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

For Further Information:

SilverCrest Metals Inc.
Contact: Fred Cooper, Investor Relations
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.

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Monday, December 10, 2018

Investorideas.com Newswire - #Mining Stock News: #SilverCrest (TSXV: $SIL.V; NYSE: $SILV) Announces Closing of Strategic Investment by SSR Mining and Exercise of Warrants

#Mining Stock News: #SilverCrest (TSXV: $SIL.V; NYSE: $SILV) Announces Closing of Strategic Investment by SSR Mining and Exercise of Warrants

Vancouver, British Columbia - December 10, 2018 (Investorideas.com Newswire) SilverCrest Metals Inc. (TSXV: SIL.V; NYSE American: SILV) ("SilverCrest" or the "Company") is pleased to announce that it has closed its private placement with SSR Mining Inc. ("SSRM") previously announced on November 29, 2018.

SSRM purchased 8,220,645 common shares of the Company at a price of C$3.73 per share for a total investment of C$30,663,006 in a non-brokered private placement financing. The common shares issued pursuant to the private placement have a statutory hold period of four months and one day expiring April 8, 2019. The private placement remains subject to final approval of the TSX Venture Exchange.

SilverCrest is also pleased to announce that it has received proceeds of C$7,375,755 as a result of the exercise of 2,458,585 previously issued common share purchase warrants (the "Warrants"). Each Warrant was exercisable for one common share at a price of C$3.00. One-half Warrant was issued with each common share in the Company's bought deal financing completed on December 6, 2016, and expired on December 6, 2018.

With the warrant exercise and the closing of the private placement with SSRM, SilverCrest has C$46 million of cash and is in a robust financial position to advance the Las Chispas Project in Sonora, Mexico.

The Company expects to be fully funded to complete the following work on the Las Chispas Project in 2019: 1) a resource update in Q1, 2019, 2) completion of a Preliminary Economic Assessment ("PEA") in Q1, 2019, 3) the construction of an exploration decline and drifting into the high-grade Area 51 zone of the Babicanora Vein, 4) an aggressive infill and expansion drilling program to upgrade and potentially increase the high-grade precious metal resource, and 5) with a positive PEA, a Pre-Feasibility Study by the end of 2019.

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 metals mining sector, including taking projects through discovery, finance, on time and on budget construction, and production.

FORWARD‐LOOKING STATEMENTS

This news release contains "forward‐looking statements" within the meaning of Canadian securities legislation. Such forward‐looking statements concern the intended use of proceeds. Such forward‐looking statements or information are based on a number of assumptions, which may prove to be incorrect. Assumptions have been made regarding, among other things: conditions in general economic and financial markets; timing and amount of capital expenditures; and effects of regulation by governmental agencies. The actual results could differ materially from those anticipated in these forward looking statements as a result of the risk factors including: the timing and content of work programs; results of exploration activities of mineral properties; the interpretation of drilling results and other geological data; and general market and industry conditions. Forward‐looking statements are based on the expectations and opinions of the Company's management on the date the statements are made. The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, readers are cautioned not to place undue reliance on these forward‐looking statements, which speak only as of the date the statements were made. The Company undertakes no obligation to update or revise any forward‐looking statements included in this news release if these beliefs, estimates and opinions or other circumstances should change, except as otherwise required by applicable law.

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

For Further Information:

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.

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Thursday, November 29, 2018

Investorideas.com Newswire - #Mining Stock News: #SilverCrest (TSXV: $SIL.V; NYSE: $SILV) Announces C$31 million Strategic Investment by SSR Mining

#Mining Stock News: #SilverCrest (TSXV: $SIL.V; NYSE: $SILV) Announces C$31 million Strategic Investment by SSR Mining

Vancouver, British Columbia - November 29, 2018 (Investorideas.com Newswire) SilverCrest Metals Inc. (TSXV: SIL.V; NYSE American: SILV) ("SilverCrest" or the "Company") is pleased to announce that SSR Mining Inc. ("SSR") has agreed to purchase 8,220,645 common shares of the Company at a price of $3.73 per share for a total investment of $30,663,006 in a non-brokered private placement financing. After giving effect to the private placement, SSR will own 9.9% of the outstanding common shares of SilverCrest on a non-diluted basis. The private placement is expected to close on or about December 7, 2018, subject to receipt of necessary regulatory approvals. The common shares issued to SSR upon closing of the private placement will have a statutory hold period of four months and one day from the closing date. The Company will use the proceeds from the private placement for the exploration and development of the Las Chispas Project and related costs.

N. Eric Fier, CPG, P.Eng, and CEO, remarked, "We are pleased to welcome SSR as a new investor in SilverCrest. With this investment, SilverCrest will have more than C$40 million available to explore and advance the Las Chispas project. The investment by SSR is an important endorsement of the Las Chispas project from a mining company that has an established reputation and track record of financial discipline and operating performance which can help to further de-risk and optimize the Las Chispas project. We look forward to having a positive working relationship with SSR as we move Las Chispas forward."

In connection with the investment, SSR and SilverCrest have entered into a binding investment agreement, the provisions of which include the following, among other terms, for so long as SSR holds 5% or more of the outstanding common shares of SilverCrest:

A standstill limiting SSR to acquire up to a maximum of 9.9% of the common shares of SilverCrest;
Participation rights to maintain pro rata share ownership interest;
A right of first refusal on any proposed royalty, stream or offtake agreement; and
Certain information rights to Las Chispas technical and scientific data.

With this investment, SilverCrest expects to be fully funded to complete the following work on the Las Chispas project in 2019; 1) a resource update in Q1, 2019, 2) completion of a Preliminary Economic Assessment ("PEA") in Q1, 2019, 3) the construction of an exploration decline into the high-grade Area 51 zone of the Babicanora Vein, 4) an aggressive infill and expansion drilling program to upgrade and potentially increase the high-grade precious metal resource, and 5) with a positive PEA, a Pre-Feasibility Study by the end of 2019.

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 metals mining sector, including taking projects through discovery, finance, on time and on budget construction, and production.

FORWARD‐LOOKING STATEMENTS

This news release contains "forward‐looking statements" within the meaning of Canadian securities legislation. Such forward‐looking statements concern the intended use of proceeds and the scheduled closing date for the Offering. Such forward‐looking statements or information are based on a number of assumptions, which may prove to be incorrect. Assumptions have been made regarding, among other things: conditions in general economic and financial markets; timing and amount of capital expenditures; and effects of regulation by governmental agencies. The actual results could differ materially from those anticipated in these forward looking statements as a result of the risk factors including: the timing and content of work programs; results of exploration activities of mineral properties; the interpretation of drilling results and other geological data; and general market and industry conditions. Forward‐looking statements are based on the expectations and opinions of the Company's management on the date the statements are made. The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, readers are cautioned not to place undue reliance on these forward‐looking statements, which speak only as of the date the statements were made. The Company undertakes no obligation to update or revise any forward‐looking statements included in this news release if these beliefs, estimates and opinions or other circumstances should change, except as otherwise required by applicable law.

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

For Further Information:

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.

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Wednesday, November 21, 2018

Investorideas.com Newswire - #Mining Stock News: #SilverCrest (TSXV: $SIL.V; NYSE: $SILV) Files Mineral Resource Technical Report on the Las Chispas Property

#Mining Stock News: #SilverCrest (TSXV: $SIL.V; NYSE: $SILV) Files Mineral Resource Technical Report on the Las Chispas Property

Vancouver, British Columbia - November 21, 2018 (Investorideas.com Newswire) SilverCrest Metals Inc. (TSXV: SIL.V; NYSE American: SILV) ("SilverCrest" or the "Company") is pleased to announce the filing of a technical report titled, "Technical Report and Updated Mineral Resource Estimate for the Las Chispas Property, Sonora, Mexico" (the "Las Chispas Report"), dated November 19, 2018, with an effective date of September 13, 2018. The Las Chispas Report was completed for SilverCrest by N. Eric Fier, CPG, P.Eng., and CEO of the Company, in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects. The summary results of the Las Chispas Report were previously announced in the Company's news release dated September 19, 2018 and there are no material differences in the Mineral Resources disclosed in the Las Chispas Report and disclosed in the news release.

The Las Chispas Report is available under the Company's profile on SEDAR at www.sedar.com or on the Company's website at www.silvercrestmetals.com.

ABOUT SILVERCREST METALS INC.

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

For Further Information:

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.

SilverCrest Metals Inc. (TSXV: SIL.V; NYSE: SILV) is a featured company on Investorideas.com

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Tuesday, November 13, 2018

Investorideas.com Newswire - #Mining Stock News: #SilverCrest (TSXV: $SIL.V; NYSE: $SILV) Appoints Pierre Beaudoin as COO

#Mining Stock News: #SilverCrest (TSXV: $SIL.V; NYSE: $SILV) Appoints Pierre Beaudoin as COO

Vancouver, British Columbia - November 13, 2018 (Investorideas.com Newswire) SilverCrest Metals Inc. (TSXV: SIL.V; NYSE American: SILV) ("SilverCrest" or the "Company") is pleased to announce the appointment of Pierre Beaudoin as Chief Operating Officer for the Company. Pierre will dedicate his full attention to the development of the Las Chispas property, and as such, he will be stepping down from the SilverCrest Board in December.

Mr. Beaudoin is a precious metals mining executive with more than 30 years' experience in diversified mining, mineral processing, design, mine construction and start-up. He recently led the construction, start-up, and operation of the Detour Lake Mine, currently Canada's largest gold operation. Mr. Beaudoin previously led valuation studies for several of Barrick's large assets (Chile, Africa, and USA). Mr. Beaudoin started his career as a Mineral Processing professional and has spent more than 20 years working in processing plants in Canada, Australia, Chile, Peru, and the USA.

N. Eric Fier, CPG, P.Eng, and CEO, remarked, "With our continued success at Las Chispas, we are excited to add the necessary people and skill sets to complement our highly experienced and dedicated team. We welcome Pierre's contribution as we move towards breaking ground on the new decline into the Area 51 zone (Babicanora Vein). Also, Pierre will be supervising preparation of the Preliminary Economic Assessment, targeted for completion in Q1 of 2019. This will allow our exploration team to focus on the ongoing expansion and infill drilling program for an updated resource estimate and resource re-categorization. We are excited to have Pierre join the team as COO to help manage this critical period of development for the Company and we also thank him for his contributions at the board level."

The Company has granted stock options under its Stock Option Plan to Mr. Beaudoin for the purchase of 200,000 common shares at an exercise price of $3.30 per common share for a term of five years expiring November 13, 2023. The stock options vest as to 25% on each of February 13, 2019, May 13, 2019, August 13, 2019 and November 13, 2019, and are subject to necessary regulatory approvals.

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 metals 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:

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.

SilverCrest Metals Inc. (TSXV: SIL.V; NYSE: SILV) is a featured company on Investorideas.com

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Friday, November 02, 2018

Investorideas.com - Investor Ideas Adds New CSE-Listed Mining, Tech and Gaming Stocks (CSE: $GENI.C, $NLR.C, $RAD.C, $NTAR.C)

Investor Ideas Adds New CSE-Listed Mining, Tech and Gaming Stocks (CSE: $GENI.C, $NLR.C, $RAD.C, $NTAR.C)

Point Roberts, WA and Delta, BC - November 2, 2018 (Investorideas.com Newswire) Investorideas.com, a global news source and leading investor resource announces this week’s additions to its global stock directories in mining, tech and gaming.

Investorideas.com is a go- to destination for retail investors and tracks companies in high-profile trading sectors and makes ongoing additions to its stock directories for its followers and members . (https://www.investorideas.com/membership/)

This week's new mining companies are working in Canada, Nevada and Asia.

The latest tech company is involved in software and smartphone applications, while the newest gaming company also crosses into tech territory with its augmented reality (AR) solutions for marketing.

Investor Ideas will soon be exploring the AR & VR (augmented and virtual reality) sectors with the addition of a new section within its tech sector stock list - coming soon!

New Mining Companies:

Genius Metals Inc. (CSE:GENI) is a Canadian mineral exploration company focused on the acquisition, exploration and, if warranted, development of natural resource properties of merit in Canada.

Northern Lights Resources Corp. (CSE:NLR) is a growth oriented company focusing on exploring and developing high quality resource projects globally. The Company currently has two advanced exploration projects. The Medicine Springs Project - Nevada is a previous producer with extensive historical drilling including high grade oxide silver, zinc and lead intercepts and is prospective for high grade oxide and sulphide silver, zinc and lead mineralization. The Del Undur Project is a polymetallic deposit located close to the Russian and Chinese border. The project hosts titanium mineralization.

New Tech Companies:

Radial Research Corp. (CSE:RAD) is a technology company that develops online and download technologies and services, including software, websites and smartphone applications, with its initial focus being a language training smartphone application called "Movie Method".

New Gaming Companies:

NexTech AR Solutions Corp. (CSE:NTAR) Operating and advancing a portfolio of Gaming and All-in-One apps known as the "All-In-One-App Portfolio" using its augmented reality technology and providing other augmented reality enhanced marketing services and solutions including through its ARitize platform and AR learning model.

The directories are not meant as recommendations but as a research tool to discover opportunities and trading ideas in a particular sector.

About Investorideas.com - News that Inspires Big Investing Ideas

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Additional info regarding BC Residents and global Investors: Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: https://www.bcsc.bc.ca/release.aspx?id=6894. Global investors must adhere to regulations of each country.

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Thursday, November 01, 2018

Investorideas.com Newswire - CORRECTION: #Mining Stock News: #SilverCrest (TSXV: $SIL.V; NYSE: $SILV) Reports Best Drill Hole Intercept to Date, More High-Grades at Las Chispas

#SilverCrest (TSXV: $SIL.V; NYSE: $SILV) Reports Best Drill Hole Intercept to Date, More High-Grades at Las Chispas

This document corrects and replaces the press release that was issued earlier today. The correction is limited to the first bullet point in the sub-headline, where it should read "9.9 Metres Grading 3,212 gpt AgEq", instead of "9 Metres Grading 3,212 gpt AgEq"

9.9 Metres Grading 3,212 gpt AgEq
3.5 Metres Grading 4,570 gpt AgEq
11.1 Metres Grading 879 gpt AgEq

Vancouver, British Columbia - November 1, 2018 (Investorideas.com Newswire) SilverCrest Metals Inc. (TSXV: SIL.V; NYSE American: SILV) ("SilverCrest" or the "Company") is pleased to announce further Phase III drill results for the Las Chispas Property (the "Property") located in Sonora, Mexico. As planned, the first seven (7) in-fill drilling results are from the Babicanora Vein including Area 51 and Babicanora Central zones. Results for the first five (5) holes from Area 51 show higher grades and greater vein widths overall than previously reported for nearby drill results (see details below and attached Figures). The planned in-fill program is designed to upgrade the current inferred resource at Las Chispas by improving the drill density to approximately 25 metre centres for confirmation of continuity, grade and thickness of the vein. Although these in-fill holes are within the high-grade footprint of the updated resource announced on September 19, 2018 titled "SilverCrest Expands Las Chispas Inferred Resource 4.3 Million Tonnes at 3.68 gpt Au and 347 gpt Ag, or 623 gpt AgEq for 87 Million Oz AgEq; Includes 1.6 Million Tonnes at 1,091 gpt AgEq for 56 Million Oz AgEq", they were not yet part of the resource.

N. Eric Fier, CPG, P.Eng, and CEO, remarked, "We continue to de-risk Las Chispas with the startup of closely-spaced in-fill drilling for the Babicanora Vein, including the high-grade Area 51 zone. By announcing our best drill hole intercept to date suggests that significant additional potential could be discovered at Las Chispas. Furthermore, we are intercepting high-grade vein mineralization within 5 to 10 metres of our projected target, which helps to increase our confidence in vein location and continuity. With the addition of these first in-fill holes in the Babicanora Vein, we now have an impressive 119 drill intercepts (variable sample widths from 0.5 to 3.2 metres) grading greater than 1,000 gpt AgEq, 30 intercepts greater than 5,000 gpt AgEq and 15 intercepts greater than 10,000 gpt AgEq with our highest single grade being 36,764 gpt AgEq over 0.5 metres from a total of 351 core holes (94,735 metres) drilled to date at Las Chispas. SilverCrest will continue with both its in-fill drilling focused on de-risking our current resources and expansion drilling focused on new discoveries as we systematically work on completing the next updated resource and our Preliminary Economic Assessment ("PEA") in Q1, 2019."

The most significant result for this release is our best intercept (grade x thickness) since commencement of the exploration program in February 2016. Hole BA18-96 intersected 9.9 metres (true width) grading 14.4 gpt Au and 2,132.4 gpt Ag, or 3,212 gpt AgEq. Also noteworthy are holes BA18-94 at 3.5 metres grading 33.06 gpt Au and 2,092.1 gpt Ag, or 4,570 gpt AgEq and BA18-95 at 11.1 metres grading 3.99 gpt Au and 580.2 gpt Ag, or 879 gpt AgEq. The following table summarizes the most significant drill intercepts for this news release (uncut, undiluted).

Babicanora Vein In-Fill Drill Intercepts:

All assays were completed by ALS Chemex in Hermosillo, Mexico, and North Vancouver, BC, Canada.

Holes BA18-93 to 97 contain variable amounts of coarse argentite, native silver, electrum and free gold (see attached Figures).

A comparison of the weighted average grade (uncut, undiluted) and true widths of the previous drill hole results in the "Area of Influence" (see attached Figures) versus the combined previous and new drill hole results shows an increase of 35% in width and 13% in AgEq grade based on the following:

Weighted average for previous drill results (10 holes): 2.9 metres grading 9.06 gpt Au and 980.5 gpt Ag, or 1,661 gpt AgEq.
Weighted average for new drill results (5 holes, table): 6.0 metres grading 11.41 gpt Au and 1,368.9 gpt Ag, or 2,224 gpt AgEq.
Weighted average for previous and new drill results (15 holes): 3.9 metres grading 10.33 gpt Au and 1,189.8 gpt Ag, or 1,964 gpt AgEq.

This general comparison is based on the first five in-fill holes to be reported in the Area 51 zone. Further in-fill drilling is underway, and initial results may not be indicative of additional future results.

The Company continues its Phase III exploration program with eight (8) drills operating on site, seven on surface and one underground. Drills are focused on expanding mineralization for inclusion in the next updated resource anticipated in Q1, 2019, and in-fill drilling (estimated 25 metre spacing) to reclassify Inferred Resources to Measured and Indicated. An additional 15,000 to 20,000 metres of drilling are planned for inclusion in the next updated resource. Other ongoing site work includes PEA work, final design work for the Area 51 decline, an extensive metallurgical test program, drilling large diameter wells for site water, and permitting for various additional work.

Figure 2: Long Section (Inclined) of Babicanora Vein Area 51, Looking Southwest

Figure 3: Las Chispas District with Babicanora Plan Map, October 2018

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.

FORWARD-LOOKING STATEMENTS

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

For Further Information:

Contact: Fred Cooper, Investor Relations
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

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This document corrects and replaces the press release that was issued earlier today. The correction is limited to the first bullet point in the sub-headline, where it should read "9.9 Metres Grading 3,212 gpt AgEq", instead of "9 Metres Grading 3,212 gpt AgEq"

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