SilverCrest Metals Inc. announced additional in-fill and expansion drill results from the Babi Sur Vein ("Babi Sur", or the "Vein") of the Las Chispas Project ("Las Chispas") located in the state of Sonora, Mexico. In-fill and expansion drilling has increased the Company's confidence of wider and higher-grade continuity of mineralization for the Babi Sur Vein. Expansion drilling has also increased the high-grade mineralized footprint of the Vein. The 71 drill holes released (85% in-fill for resource conversion and 15% expansion) are in addition to the 33 drill holes. Since the release of the March 2019 Resource Estimate, an additional 104 drill holes have been completed in the Babi Sur Vein. The Vein has a total of 140 drill holes which will be used in an updated resource and initial reserve estimate as part of the ongoing Feasibility Study to be released in late first half, 2020. The current resource estimate for the Babi Sur Vein is inferred resources only with ongoing in-fill drilling for conversion to measured and indicated resources. The Vein has a modelled average vein width (true) of 0.95 metres and cut diluted grade of 4.10 grams per tonne ("gpt") gold (or "Au") and 268.1 gpt silver (or "Ag"), or 575 gpt silver equivalent. The Babi Sur drill holes within the revised high grade footprint announced in this release have a weighted average estimated true width of 1.7 metres grading 9.82 gpt Au and 382.5 gpt Ag, or 1,119 gpt AgEq (uncut undiluted), with hole intercepts distributed along the same estimated mineralized length as presented in the Technical Report and Preliminary Economic Assessment for the Las Chispas Property, Sonora, Mexico effective May 15, 2019 and as amended on July 19, 2019. These new drill results suggests that the vein's true width is wider than previously estimated from 0.95 metres up to 1.4 to 1.7 metres, with an average grade above 750 gpt AgEq. In-fill drilling has also connected several discrete zones previously delineated, establishing better vein continuity, which should reduce underground development costs to access and mine the Vein. The most significant results for this release are hole BAS19-138, at 2.5 metres (est. true width) grading 90.98 gpt Au and 108.2 gpt Ag, or 6,931 gpt AgEq and hole BAS19-119, which intersected 7.8 metres grading 10.53 gpt Au and 78.6 gpt Ag, or 877 gpt AgEq. Also, noteworthy is hole BAS19-99 at 2.8 metres grading 12.91 gpt Au and 1,141 gpt Ag, or 2,109 gpt AgEq. For the Babi Sur veins, holes BAS19-65, 66, 74 to 77, 80, 82, 85, 97, 102, 106, 109, 110, 112, 115, 116, 118, 120, 122, 126, 129, 130, 132, 134, and 136 intersected veining but were below the Company's cutoff grade of 150 gpt AgEq. The Babi Sur Vein and Babi Sur HW Vein are still open to depth and down plunge. Unnamed veins are under review for possible continuity and announcement of additional vein discoveries. Approximately 10 additional in-fill and expansion holes, for a minimum of 3,000 metres, are planned for the Babi Sur veins in first quarter of 2020. Of the 19 drills currently operating at Las Chispas; four are drilling on the Babi Sur Vein for resource conversion and expansion, three are working on the Babicanora and Babicanora FW veins finalizing in-fill holes for updated resources and reserve estimation, one is on the Babi Vista Vein for in-fill and expansion, seven are on the Babicanora Norte Vein for in-fill and expansion, and four are drilling the Giovanni Vein, Las Chispas Vein and Area 118 for in-fill and expansion. The Company is on schedule to deliver the updated drill hole database to Gmining Services Inc. in late February for updated resource estimation and reserve estimation in the ongoing Feasibility Study anticipated in late first half of, 2020. The Qualified Person under National Instrument 43-101 Standards of Disclosure for Mineral Projects for this news release is N. Eric Fier, CPG, P.Eng, and CEO for SilverCrest, who has reviewed and approved its contents.