Mr. W. John DeCooman Jr. of SSR Mining reports

SSR MINING ANNOUNCES INVESTMENT IN SILVERCREST METALS INC.

SSR Mining Inc. has entered into an agreement with Silvercrest Metals Inc. to purchase, by way of private placement, 8,220,645 common shares of Silvercrest at a price of $3.73 per common share for total consideration of $30,663,006.

Paul Benson, president and chief executive officer of SSR Mining, said: "Silvercrest's Las Chispas project is a compelling investment proposition for SSR Mining by providing exposure to an exciting high-grade development project with exploration upside in a favourable mining jurisdiction. We look forward to building a relationship with Silvercrest, who have demonstrated a successful track record of discovering economic deposits that develop into operating mines while establishing strong local support of stakeholders including the government, ejidos and communities."

The private placement is expected to close on or about Dec. 7, 2018, following which SSR Mining will own 9.9 per cent of the issued and outstanding common shares of Silvercrest on a non-diluted basis. The subscription agreement entered into by the parties contains certain investor rights which protect SSR Mining. Closing of the private placement is subject to the receipt by Silvercrest of all necessary regulatory approvals, including the approval of the TSX Venture Exchange and the NYSE American Stock Exchange. All common shares issued under the private placement will be subject to a four-month-and-a-day hold period under applicable Canadian securities laws that will expire on April 8, 2019.

About SSR Mining Inc.

SSR Mining is a Canadian-based precious metals producer with three operations, including the Marigold mine in Nevada, United States, the Seabee gold operation in Saskatchewan, Canada, and the 75-per-cent-owned-and-operated Puna operations joint venture in Jujuy, Argentina. The company also has two feasibility-stage projects and a portfolio of exploration properties in North and South America.

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