SilverCrest Metals Releases Multiple Sample Results Greater than 2,500 gpt Silver Equivalent from Underground Sampling at Las Chispas Mexico - Video Available on InvestmentPitch.com

Vancouver, British Columbia--(Newsfile Corp. - August 24, 2016) - SilverCrest Metals (TSXV: SIL) has released additional assay results from underground channel sampling at its Las Chispas Project in Mexico.

Las Chispas, located in Sonora State, is in a historic silver-gold mining district which presently hosts two nearby precious metal producers.

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For those of you new to the SilverCrest Metals' story, the company was formed following the October 2015 acquisition of SilverCrest Mines, and its Santa Elena Mine, by First Majestic Silver Corp.

Earlier this month, the company released some impressive drill results, including 4.6 metres grading 963 grams per tonne silver equivalent, including 0.8 metres grading 3,851 grams per tonne silver equivalent from Hole LC16-05.

The latest channel samples are from the William Tell vein, located approximately 120 metres west of the Las Chispas vein, which is easily accessible by shared access to both veins. The most significant composited sample results for the William Tell South 650 level average 1.1 metres wide at 3.2 grams per tonne gold and 518 grams per tonne silver, or 761 grams per tonne silver equivalent, over a continuous 21 metre strike length, in a developed but unmined area on the 650 level. The most significant un-composited sampling for the William Tell North 450 level averages 2.1metres wide at 5.7 grams per tonne gold and 258 grams per tonne silver, or 685 grams per tonne silver equivalent, over a continuous 30 metre strike length.

Historic information indicates that only three veins of the 14 historically reported veins at Las Chispas had documented production, between 1880 and 1930.

N. Eric Fier, President stated: "We continue to expand our high grade footprint at Las Chispas with the latest results from the ongoing underground rehabilitation and channel sampling program as we continue to gain further access to historic workings. Our onsite team has safely descended to the historic 650 level of the William Tell vein with subsequent ongoing mapping and sampling. Our channel sample results on the 650 level are showing sub interval bonanza grades in excess of 2,500 grams per tonne silver equivalent over 0.20 metre to 1.12 metre widths."

Management believes the Phase 1 drilling program intercepted the unmined faulted extension of the William Tell vein. Additional drilling will be required to confirm this, and determine the extent, if any, of the intercepted mineralization.

The company will be releasing additional results from the balance of the 22 holes drilled in Phase 1 when they are available.

With permitting near completion, the planned 2,000 metre underground drill program should commence in late 3rd quarter or early 4th quarter. The underground drill program will focus on delineation of a potential bulk sample and infill drilling in preparation for the initial Las Chispas resource estimation.

The shares are trading at $2.85 and with 40.7 million shares outstanding, the company is capitalized at $116 million.

For more information, please visit the company's website www.SilverCrestMetals.com, contact Fred Cooper, Investor Relations, at 604-694-1730 or 1-866-691-1730, or email info@SilverCrestMetals.com.

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