SILVERCREST METALS

de Mayo 2 and El Gueriguito, combining for a total area of 452 hectares.

The Cruz de Mayo Property was transferred to SilverCrest Metals as part of the friendly acquisition of SilverCrest Mines by First Majestic.

SilverCrest Metals is focused on new discoveries, value-added acquisitions and production assets in Mexico’s historic precious metal districts.

Its ongoing initiative is to increase its asset base by expanding current resources and reserves, acquiring and developing high value precious metals projects and ultimately operating multiple silver-gold mines in the Americas.

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.

SilverCrest Metals has reported a positive future, particularly for its Las Chispas property, highlighting four key benefits to ownership:

Significantly De-Risked – Construction completed, on time and on budget; commercial production achieved in Q4, 2022.

Net Cash Positive, Reducing Debt –

Reduced debt by 60% within four months of declaring commercial production, $70M revolver available.

Silver Supply Deficit – Silver Institute forecasting that demand outstrips supply by 195 Moz in 2023.

Significant Strategic Value – In production, margins allow for resilience across cycles, buy vs build.

www.silvercrestmetals.com