Mr. N. Eric Fier reports

SILVERCREST METALS ANNOUNCES COVID-19 PROTOCOLS

Silvercrest Metals Inc. has added protocols to minimize exposure to the novel coronavirus (COVID-19) in order to decrease risk to the company's employees, contractors, families and communities near the Las Chispas project located in Sonora, Mexico. In collaboration with government agencies, the company will temporarily suspend its continuing exploration and underground development work at Las Chispas at least until April 30, 2020, to limit potential exposure of personnel and nearby communities to the virus.

To date, and in compliance with the Mexico Presidential decree issued March 24, 2020, and Sonoran Ministries of Economy, Labor and Health decree issued March 29, 2020, the company has taken the following measures in an attempt to safeguard against and prevent the potential spread and impact of the virus:

• Temporarily closing all Silvercrest offices, with personnel working remotely from home;
• Restricting non-essential business travel;
• Restricting non-essential visitations to Las Chispas;
• Limiting concentration of workers in the workplace, in transportation and in the living quarters;
• Medical screening for COVID-19 symptoms for all persons prior to entry to Las Chispas;
• Educating employees and contractors on rigorous hand washing, personal hygiene and disinfecting;
• Requiring contractors to suspend the return of personnel from out of state;
• Preventively isolating personnel at higher risk to COVID-19 to work or train remotely from home;
• Providing broad and aggressive community engagement, near Las Chispas, on COVID-19 education initiatives, including the distribution of health leaflets related to government guidelines, posters, health and safety videos on social media, and support of community broadcasted announcements on best health practices;
• Collaborating with government agencies, Sonora Mining Association and other mining companies to create a working group of health care providers in order to co-ordinate efforts;
• Contributing to continuing community donations through a local foundation of government recommended medical supplies, including testing kits, disinfectant and sanitization products, washing stations, masks, and standard medicines;
• Assisting with the assembly, distribution and donation of protective masks for employees and the communities near Las Chispas;
• Maintaining full salaries and benefits, as suggested by the Mexico government, for the company's employees and selective personnel of associated contractors that will be assisting with local health programs and nearby community project work during suspension.

Chris Ritchie, president, remarked: "We are thankful to report that there are currently no known cases of COVID-19 for any of our employees, contractors, their families in the communities near the Las Chispas project. We are monitoring the situation and are pro-actively working with our people and community. We feel strongly that our local presence and activities alongside the government are critically important as we seek to prioritize health and safety where we live and work."

The COVID-19 pandemic has introduced uncertainty on the timing of a potential construction decision for the Las Chispas project, which may impact other planned activities. As a result, the company is not prepared to move forward on construction until there is a clear path to risk mitigation with additional construction financing, equipment manufacturing, goods and parts supply, delivery, and safe passage of people under the present threat of COVID-19.

The company intends to use this period of time to optimize and finish the feasibility study for a planned release target of third quarter 2020. This will allow the company to incorporate additional drill results received after the original March 1, 2020, cut-off date for the feasibility resource data, optimize resource vein estimations with subsequent improvement of the mine schedule and design, and complete further geologic compilation to increase its understanding of the high-grade precious metal epithermal model for the district. Silvercrest will be monitoring the COVID-19 pandemic to determine the timing for ramping up the company's 2020 planned site programs and completion of the continuing feasibility study.

Silvercrest currently has a cash balance of approximately $80-million (U.S.) (or equivalent of $114-million (Canadian)), no debt, minimal capital commitments, robust project economics and is well positioned in the face of an unpredictable market.

About Silvercrest Metals Inc.

Silvercrest is a Canadian precious metals exploration company headquartered in Vancouver, B.C., 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. The Las Chispas project consists of 28 100-per-cent-owned mineral concessions, where all the known mineral resources are located.

We seek Safe Harbor.