Mr. Eric Fier reports

SILVERCREST REPORTS RESULTS OF 2023 AGM AND PROVIDES TECHNICAL REPORT UPDATE

Silvercrest Metals Inc. has released the results of its annual general meeting of shareholders (AGM) held in Vancouver, B.C., on June 15, 2023.

A total of 89,558,591 votes were represented at the AGM, amounting to 60.83 per cent of the issued common shares as of the record date.

Shareholders approved fixing the number of directors at seven and re-elected seven directors pursuant to a vote by show of hands. An attached table summarizes proxy votes for the election of the seven directors.

PricewaterhouseCoopers LLP was appointed auditor of the company pursuant to a vote by show of hands, with tabulation of proxy votes resulting in 88,995,009 (99.37 per cent) voting in favour.

In addition, a non-binding advisory resolution to accept the company's approach to executive compensation (say on pay), as more particularly described in the management information circular of the company dated April 28, 2023, was approved pursuant to a vote by show of hands, with tabulation of proxy votes resulting in 66,327,407 (98 per cent) voting in favour.

Effective June 15, 2023, Graham C. Thody has stepped down from board chair, but will remain a director. The board has elected director John H. Wright to the position of board chair.

Silvercrest's independent consultants are continuing to advance the updated technical report. This work is progressing well, with the results from this study now expected to be released in July, 2023.

About Silvercrest Metals Inc.

Silvercrest is a Canadian precious metals producer headquartered in Vancouver, B.C., with a continuing initiative to increase its asset base by expanding current resources and reserves, acquiring, discovering and developing high-value precious metal projects, and, ultimately, operating multiple silver-gold mines in the Americas. The company's principal focus is its Las Chispas operation in Sonora, Mexico. 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.

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