Mr. N. Eric Fier reports

SILVERCREST ANNOUNCES FILING OF NI 43-101 TECHNICAL REPORT ON LAS CHISPAS

Silvercrest Metals Inc. has filed on SEDAR+ the updated independent technical report for the 100-per-cent-owned Las Chispas operation located in the state of Sonora, Mexico. The report was prepared in accordance with National Instrument 43-101.

The report titled "Las Chispas Operation Technical Report" is dated Sept. 5, 2023, has an effective date of July 19, 2023, and supports the disclosure made by Silvercrest in its July 31, 2023, press release titled "Silvercrest Announces Results of Updated Independent Technical Report." There are no material differences in the report from the results disclosed in the company's July 31, 2023, press release. The report can be found under the corporation's profile on SEDAR+ and on Silvercrest's website.

Qualified person

The qualified person under National Instrument 43-101 (Standards of Disclosure for Mineral Projects) for this news release is N. Eric Fier, CPG, PEng, chief executive officer for Silvercrest, who has reviewed and approved its contents.

About Silvercrest Metals Inc.

Silvercrest is a Canadian precious metal 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.