SilverCrest Provides Corporate Update

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Dec 12, 2016, 09:00 ET

TSX-V: SIL

VANCOUVER, Dec. 12, 2016 /PRNewswire/ - SilverCrest Metals Inc. ("SilverCrest" or the "Company") is pleased to announce that N. Eric Fier, President of the Company has returned from his partial leave of absence due to medical reasons and will resume his full‑time duties as Chief Executive Officer, effective January 1, 2017.

Dunham Craig, Interim Chief Executive Officer of the Company will continue to assist with CEO responsibilities on an interim basis until January 1, 2017.

Graham Thody, Chairman of the Board, stated: "We are very pleased that Eric has made an excellent recovery from a medical procedure, and speaking for the entire Board and management team, we are very excited to see Eric resume his leadership role with the Company on a full-time basis. We wish to thank Dunham for so ably assuming the CEO role during Eric's absence."

The Company is also pleased to announce that Anne Yong, currently the Company's Controller, will succeed Barney Magnusson as Chief Financial Officer, who will step down from the CFO role to become Executive Vice‑President effective January 1, 2017. Mr. Magnusson will also remain as a Director of SilverCrest.

N. Eric Fier, President and CEO, stated: "I would like to thank Barney for his outstanding contribution to the Company as CFO and I look forward to working with him in his new role as Executive Vice‑President. I also look forward to working with Anne in her new capacity as CFO. Her experience and knowledge of SilverCrest as well as her financial acumen makes her the perfect fit for her new role."

Mrs. Yong is a CPA, CA with over ten years of accounting knowledge gained from industry, public practice and government regulatory work experiences. Prior to her role as Controller with the Company, she was the Corporate Compliance and Disclosure Officer of SilverCrest Mines Inc. She has brought to the SilverCrest team her technical expertise and experiences as a Public Company Assurance Group Manager of a Vancouver Chartered Professional Accounting ("CPA") firm, primarily servicing reporting issuers listed on the TSX and TSX Venture Exchange. During her seven years with this CPA firm, she also completed a 13-month secondment with the British Columbia Securities Commission as a Securities Analyst gaining valuable knowledge in B.C. and Canadian regulatory and financial reporting requirements for public company issuers as well as prospectus filing requirements in Canada.

The Company also announces the grant of stock options under its Stock Option Plan to purchase an aggregate of 1,525,000 common shares of the Company at an exercise price of $2.30 per share for a five year term expiring December 9, 2021. The stock options were granted to directors, officers, employees and consultants of the Company and are subject to any necessary regulatory approvals.

The stock options shall vest as to 25% of the Optioned Shares on each of March 9, 2017, June 9, 2017, September 9, 2017 and December 9, 2017, respectively.

SilverCrest Metals Inc. (TSX-V: SIL) is a Canadian precious metals exploration company headquartered in Vancouver, BC, that is focused on new discoveries, value-added acquisitions and targeting production in Mexico's historic precious metal districts. The Company is led by a proven management team in all aspects of the precious metal mining sector, including the pioneering of a responsible "phased approach" business model taking projects through discovery, finance, on time and on budget construction, and production with subsequent increased value to shareholders.

N. Eric Fier, CPG, P.Eng
President & CEO
SilverCrest Metals Inc.

Neither TSX Venture Exchange nor its Regulation Services Provider (as defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE SilverCrest Metals Inc.