Emerging High Grade Silver ProducerApril 2022

NYSE American: SILVTSX: SIL

2

Cautionary Statements

Forward-looking statementsThis presentation contains “forward‐looking statements” and “forward-looking information” (collectively “forward-looking statements”) within the meaning of applicable Canadian and United States securities legislation. These include, withoutlimitation, statements with respect to: the economics and project parameters presented in the Feasibility Study, including IRR, AISC, NPV, and other costs and economic information; mineral resource and reserve estimates contained in theTechncial Report; possible events, conditions or financial performance that is based on assumptions about future economic conditions and courses of action; the strategic plans, timing, costs and expectations for the Company’s futuredevelopment and exploration activities on the Las Chispas Property, including the start up of production at the Las Chispas Mine by mid-2022, permitting for various work, and optimizing and updating the Company’s resource & reserve model;information with respect to high grade areas and size of veins projected from underground sampling results and drilling results at the Las Chispas Property and El Picacho Property; and the accessibility of future mining at the Las ChispasProperty. Assumptions have been made regarding, among other things: impact of the COVID-19 pandemic; the reliability of mineralization estimates, mining and development costs; the conditions in general economic and financial markets;availability and costs of mining equipment and skilled labour; accuracy of the interpretations and assumptions used in calculating resource estimates; operations not being disrupted or delayed by unusual geological or technical problems; abilityto develop and finance the Las Chispas Project; and effects of regulation by governmental agencies. The actual results could differ materially from those anticipated in these forward‐looking statements as a result of the risk factors set forth belowand elsewhere in this presentation: uncertainty as to the impact and duration of the COVID-19 pandemic; fluctuations in precious metals prices, price of consumed commodities and currency markets; uncertainty as to actual capital costs,operating costs, production and economic returns, and uncertainty that development activities will result in profitable mining operations; risks related to mineral resource figures being estimates based on interpretations and assumptions whichmay result in less mineral production under actual conditions than is currently estimated; the interpretation of drilling results and other geological data; receipt, maintenance and security of permits and mineral property titles; environmental andother regulatory risks; project cost overruns or unanticipated costs and expenses; and general market and industry conditions. The assumptions used in the preparation of such statements, although considered reasonable at the time ofpreparation, may prove to be imprecise and, as such, readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date the statements were made. The Company undertakes no obligation toupdate or revise any forward-looking statements included in this presentation, except as otherwise required by applicable law.

Cautionary Note to US InvestorsThis presentation includes Mineral Reserves and Mineral Resources classification terms that comply with reporting standards in Canada and the Mineral Reserves and the Mineral Resources estimates are made in accordance with NationalInstrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”). NI 43-101 is a rule developed by the Canadian Securities Administrators that establishes standards for all public disclosure an issuer makes of scientific andtechnical information concerning mineral projects. These standards differ significantly from the requirements of the SEC applicable to domestic United States reporting companies. Consequently, Mineral Reserves and Mineral Resourcesinformation included in this news release is not comparable to similar information that would generally be disclosed by domestic US reporting companies subject to the reporting and disclosure requirements of the SEC. Accordingly, informationconcerning mineral deposits set forth herein may not be comparable with information made public by companies that report in accordance with US standards.

Non-IFRS MeasuresSilverCrest has included certain non-IFRS performance measures as detailed below. In the mining industry, these are common performance measures but may not be comparable to similar measures presented by other issuers. TheCompany believes that, in addition to conventional measures prepared in accordance with IFRS, certain investors use this information to evaluate the Company's performance and ability to generate cash flow. Accordingly, it is intended to provideadditional information and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS. All-in Sustaining Cash Costs – The Company defines AISC once in production as the sum ofoperating costs (as defined and calculated above), royalty expenses, sustaining capital, corporate expenses and reclamation cost accretion related to current operations. Corporate expenses include general and administrative expenses, net oftransaction related costs, severance expenses for management changes and interest income. AISC excludes growth capital, reclamation cost accretion not related to current operations, interest expense, debt repayment and taxes. For thepurpose of the Feasibility Study, AISC does not include corporate G&A and exploration expenditures for the Project. While there is no standardized meaning of the measure across the industry, the Company's definition conforms to the all-insustaining cost definition as set out by the World Gold Council in its guidance dated June 27, 2013. The World Gold Council is a non-regulatory, non-profit organization established in 1987 whose members include global senior mining companies.The Company believes that this measure will be useful to external users in assessing operating performance and the ability to generate free cash flow from current operations. Net Free Cash Flow – SilverCrest calculates net free cash flow bydeducting cash capital spending from net cash provided by operating activities. The Company believes that this measure provides valuable assistance to investors and analysts in evaluating the Company’s ability to generate cash flow after capitalinvestments and build the cash resources of the Company. The most directly comparable measure prepared in accordance with IFRS is net cash provided by operating activities less net cash used in investing activities.

Qualified PersonUnder NI 43-101, the Qualified Person for this presentation is N. Eric Fier, CPG, P.Eng. and CEO for SilverCrest Metals Inc., who has reviewed and approved its contents.

Terms of ReferenceFeasibility Study (or “FS”) - The technical report titled “Technical Report & Feasibility Study on the Las Chispas Project, Sonora, Mexico”, with an effective date January 4, 2021 and prepared by Ausenco Engineering Canada Inc., is available underthe Company’s profile on SEDAR on www.sedar.com.

Silver Equivalent ("AgEq") is based on an Au:Ag ratio of 86.9:1 calculated using $1,410/oz Au and $16.60/oz Ag, with average metallurgical recoveries of 96% Au and 94% Ag. This ratio is applied throughout this presentation to Mineral Resourcesand Reserves, production and AISC per oz.

Base Case metal prices used in this analysis are $1,500 per Au oz and $19.00 per Ag oz.

3

Near Term Production – Processing plant start-up in Q2, 2022. Feasibility Study forecasted 2023 production of 13.8 Moz AgEq (~73 koz Au and 7.3 Moz Ag)(1)

Strong Balance Sheet – US$152M(2) cash and US$30M project financing available with production commencing in Q2, 2022.

Scarce High-Quality Asset – Rare high-quality asset, 100% precious metals exposure with silver dominant revenue stream(3)

Low Cost = Resilient Margins through cycles, including forecasted average annual project level free cash flow of US$110M at commodity prices ~18% below current levels(4)

Robust Drill Bit Leverage – Reserve finding cost per ounce of ~US$1/oz AgEq(5)

Reasons to Own – Creating Healthy Leverage

(1) Please review section titled “Feasibility Study” on Slide 2 which covers the Company's Cautionary Statement (2) As of March 31, 2022 (3) Please reference the disclosures provided on Slide 20 and 21 (4) As of February 15, 2021, based on average Feasibility Study Base Case cash flow 2023-2029 (5) Based on Feasibility Study Reserves and total spend on exploration from until 2015 until Q4, 2020

Executive Team Board Of Directors

4

Experienced Leadership

N. Eric Fier, CPG, P.EngChief Executive Officer & Director

30+ years experience, Geological & Mining Engineer

Chris Ritchie, MBAPresident

15+ years experience, Capital Markets & Risk Management

Pierre BeaudoinChief Operating Officer

30+ years experience, Operating & Project Development and Mineral Processing

Anne Yong, CPA, CAChief Financial Officer

10+ years experience, Assurance, Financial Reporting & Compliance

Rosy Fier, CPGVP Exploration

10+ years experience, Geological & Mining Engineer

Tara Hassan, P.EngVP Corporate Development

15+ years experience, Mining Engineer and Capital Markets

Cliff Lafleur, P.EngVP Technical Services

20+ years experience, Mining Engineer

Graham C. Thody, CPA, CAChairman, Director & Audit Committee Chair

John H. Wright, BSc., P.EngDirector & Corp. Governance and Nominating Committee Chair

Hannes Portmann, CPA, CA, B.Sc.Director & Compensation Committee Chair

Ani Markova, MBA, CFA, CDI.DDirector & SESS Committee Chair

Laura Diaz, Lawyer, Masters ESG (in progress)Director

(1) Full biographies in appendix

Director

5

5x

9x

16x

22x

94x

Anne Yong, CFO

Pierre Beaudoin, COO

S. Rosy Fier, VP Exploration

Chris Ritchie, President

N. Eric Fier, CEO

Retail

Institutional

52%

38%

4%6%

Corporate Structure

Source: Bloomberg and S&P Market Intelligence (1) As of March 31, 2022 (2) As of March 31, 2022 (3) Weighted average exercise price (4) As of March 31, 2022 (5) As of December 31, 2021 (6) Ownership summary based on Shares Issued & Outstanding Basic (7) Calculation based on share price and share ownership as of March 31, 2022 and 2022 base salaries (8) As of February 28, 2022, Includes data for both SIL and SILV

Capital Structure (US$, Unless Otherwise Noted)Exchanges Listed NYSE American: SILV, TSX: SIL

NYSE American Share Price $8.91(1)

TSX Share Price C$11.14(1)

Shares Issued & Outstanding - Basic 145.9M(2)

Shares Issued & Outstanding - Fully Diluted 152.0M(2)

Options Expiring - 2022 0.4M at C$1.88/sh(3)

Options Expiring - 2023 1.9M at C$2.73/sh(3)

Fully Diluted Market Capitalization $1,354M(1)

Cash $152M(4)

Debt Facility Drawn $90M(4)

Debt Facility Undrawn $30M(4)

2022 Remaining Capex $43M(5)

Insiders

Index (GDXJ & TSX Comp)

Value of Shares Purchased to Annual Base Salary(7) Short Interest(8)

Ownership Summary(6)

0%

2%

4%

6%

0

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12-Feb-21 12-May-21 12-Aug-21 12-Nov-21 12-Feb-22

Perc

ent o

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ition

(M

)

6(1) Please reference the disclosures provided on Slide 20 (2) As of December 31, 2021 (3) As of March 31, 2022 (4) Please review section titled “Feasibility Study” on Slide 2 which covers the Company's Cautionary Statement

Risk MitigationGrade is King – Las Chispas ranks second highest globally on silver equivalent reserve grade(1)

Construction and Capital Risk Decreasing – More than 85% complete and less than ~30% of capital remaining(2) leading to low over run risk

Strong Financial Position – US$152M cash and US$30M undrawn debt remaining(3)

Extensive Underground Development Completed – Early access to multiple veins and significant waste development

Stockpiles Decrease Ramp-up Risk – Estimated to total ~8 months of production at the end of Q3, 2022(4)

Potential RewardRobust Free Cashflow Profile at Modest Prices – 2023 project level free cash flow estimated to exceed US$150M at Feasibility Study Base Case prices(4)

Scarcity Value of High Margin Silver Assets – Only top 10 global silver-primary mine held by a single-asset producer(1)

Fast Payback at Low Prices – Quick transition to financial strength with estimated payback of less than 1 year at spot(4)

Potential For New Investors as Construction Risk Diminishes

Sector Sentiment Weak But Improving

A Vehicle with Rapidly Improving Risk Reward Dynamic

7

Near Term Production & Cash Flow on the Horizon

Installation of Diesel Back-up Power

Construction to Reach +95% Completion

Las Chispas and Picacho Target

Generation

Advance Operational Readiness Plan

Process Plant Start-up

Connection to Power Grid

Water Stewardship and TCFD Disclosure

Las Chispas and Picacho Target

Generation

First Pour

Process Plant Ramp-up to 1,000 tonnes/

day

Ongoing Exploration

Advance Community Infrastructure Projects

1,250 tonnes/day Processing Exit Rate

Commercial Production

Updated Las Chispas Technical Report

Ongoing Exploration

First Full Year of Production

Mining Rate to Average ~830

tonnes/day

Free Cashflow Generation

Ongoing Exploration

Project Commissioning

Process Plant Ramp-Up

CommercialProduction

Free CashflowConstruction

Note: Please review sections titled "Forward-looking statements" and "Feasibility Study" on slide 2 which covers the Company's Cautionary Statements

Q3 2022 Q4 2022 2023Q2 2022Q1 2022

8

On Budget, Ahead of Schedule Construction

Process Plant Leach Tanks

(1) As of December 31, 2021 (2) Please review section titled “Feasibility Study” on Slide 2 which covers the Company's Cautionary Statement

Ahead of Schedule at 2021 YE – Overall construction completion was 86.2%(1) vs. scheduled completion of 79.3%(2)

Capital Costs Remain on Budget – with 75.2% of US$137.7M(2) capital cost estimate committed(1)

Underground Development Driving Stockpile Growth – 17.5 km completed(1) at the project since 2019

Process plant ramp up to be supported by 85,500 tonnes and 162,600 tonnes of high-grade and low-grade surface stockpiles respectively

Plant Start-up Could be Earlier Than Expected – With construction completion ahead of schedule, start-up could be earlier in Q2, 2022 than expected

Operational Readiness Plan Underway – Mining contract signed, key processing plant positions hired, workforce ramp-up to peak in Q1, 2022

Filters Stockpiles

9

Diesel Back-up Power in Place – Generators installed and tested. Capable of providing enough power to start-up and operate plant at full capacity

513 Bed Single Occupancy Camp – Completed in H1, 2021 the on-site isolated camp has ensured no serious COVID-19 outbreaks at site or in the community and led to increased productivity

Facility to now be used through 2022 given success

Bridge and Access Road Complete – Access to site established ahead of schedule and design incorporated potential climate change risks

Key Infrastructure - Completed

BridgeSingle Occupancy CampDiesel Back-up Power

10

Powerline Scheduled for Connection in Q2, 2022 – Full grid energization remains on track for Q2, 2022

Dry Stack Tailings – Well advanced with HDPE liner installation expected to be completed by the end of Q1, 2022

Assay Lab – Located in nearest local community (Arizpe, Sonora), will be run by an external party, process all mine samples and have capacity for additional samples from exploration programs

When operational the lab will provide 20-30 full-time local positions

Key Infrastructure - In Progress

(1) As of December 31, 2021

Assay LabDry Stack Tailings Power Line

68% Complete(1) 72% Complete (1) 74% Complete (1)

11

Robust Economics, Resilient Margins

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AgEq

Gra

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ctio

n (M

oz)

Annual Production

Ag Production AgEq production AgEq Head Grade

(1) All averages based on full years (2023-2029) of production only Note: Please review sections titled "Forward-looking statements" and "Feasibility Study" on slide 2 which covers the Company's Cautionary Statements

ProductionAverage Annual Total Production 12.4 Moz AgEq(1)

Average Annual Silver Production 6.4 Moz Ag(1)

Average Annual Gold Production 69 koz Au(1)

Throughput 1,250 tpdP&P Reserve 3.4 M tonnesMine Life 8.5 years

CostsAll-In-Sustaining Costs (AISC) US$6.68/oz AgEq(1)

Initial Capital US$138MLife of Mine (LOM) Sustaining Capital US$124M

Economics Base CaseGold Price US$1,500/ozSilver Price US$19/ozPost-tax NPV (5%) US$486MPost-tax IRR 52%Payback 1 Year

2021 Feasibility Study

12

Stockpiles – Flexibility and De-Risking

050

100150200250300350400450500

'22 '23 '24 '25 '26 '27 '28 '29 '30

Tonn

es (0

00 t)

Las Chispas Annual Throughput

Mined Processed Stockpile Balance

(1) As of December 31, 2021Note: Please review sections titled "Forward-looking statements" and "Feasibility Study" on slide 2 which covers the Company's Cautionary Statements

0%10%20%30%40%50%60%70%80%90%

100%

'22 '23 '24 '25 '26 '27 '28 '29 '30

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es (0

00 t)

Processing Plant Feed Sources

Stockpile Mine

Ramp-up De-Risked by Stockpiles – Combination of historic low-grade stockpiles (162,600 t)(1) and high-grade preproduction stockpiles (85,500 t)(1) are estimated to total ~8 months of production at the end of Q3, 2022

Pressure Reduced from Underground Ramp-up – Sizable stockpiles allow for mine to be ramped-up at a more measured paceMining rates expected to reach 750 tonnes per day by end of 2022 and forecasted to reach design rates in 2025

13

Significant Cash Flows At Modest Price Assumptions

FS Gold and Silver SensitivitiesParameter FS Base FS Upside(1)

Gold (US$/oz) 1,500 1,946

Silver (US$/oz) 19.00 27.36

Economic Results (After-Tax)NPV 5% (US$M) 486.3 802.5

IRR 52% 74%

Payback period (years) 1.0 0.7

Undiscounted LOM FCF (US$M) 656.4 1,054.0

-150-100

-500

50100150200250

2021 2022 2023 2024 2025 2026 2027 2028 2029 2030

US$

M

After-Tax Project Free Cash Flow

FS Base case FS Upside

(1) Based on spot prices on the Effective Date of Feasibility Study (January 4, 2021) (2) Based on 2023-2029 Feasibility Study project cash flow Note: Please review section titled “Feasibility Study” on Slide 2 which covers the Company's Cautionary Statements

Quick Payback – 1 year at conservative prices

Attractive and Resilient Project Level Free Cash Flow Profile(2) – Annual average life of mine of ~US$110M/yrat US$1,500/oz Au and US$19/oz Ag (Base Case)

Increases to ~US$145M/yr at Feasibility Study spot prices

2022Remaining Capital – US$43M Base Case Feasibility Study Operations Forecast

Sustaining Capital – US$10.2MOperating Revenue – US$33.9MOperating Costs – US$30.4M

2023First Full Year of Production – 13.8 Moz AgEq(~73 koz Au and 7.3 Moz Ag)Project Level Free Cash Flow – US$163M at Base Case pricesCashflow Benefits from Tax Treatment – Net operating losses drive project high free cash flow

14

2022 Study Update – What to Expect

Note: Please review sections titled "Forward-looking statements" and "Feasibility Study" on slide 2 which covers the Company's Cautionary Statements

Las Chispas Impact2021 Drilling – 120,000 metres completed primarily infill focused

Tonnage Targeted for Conversion – Inferred Resources of 540,000 tonnes containing ~20 Moz AgEq (7.18 gpt Au and 515.7 gpt, or 1,140 gpt AgEq)

Mining Contract and Method – New 5-year mining contract and new mine design could impact costs

Industry ImpactIndustry Inflation – Feasibility Study based on Q3, 2020pricing, study to reflect inflation globally and in Mexico (estimated to be 7% in 2021)

Labour Market ChangesTightening Labour Market – Shortage of skilled labourOutsourcing Legislation – New Mexico wide legislation introduced in 2021 that could impact costs through inclusion in profit sharing

De-risking and Flexibility – Drilling focused on confirming and converting high grade ounces near mine development

Update Costs to Current Pricing – Numerous changes, including inflation, will be incorporated to provide updated costs for operation

Maintain Throughput – Mine and process throughput are expected to be maintained at 1,250 tonnes per day

Study Objectives

15

Exploration – 2021 Review, 2022 Focus

(1) Please review section titled “Feasibility Study” on Slide 2 which covers the Company's Cautionary Statement

Las ChispasInfill Drilling Focus –120,000 m drilling completed primarily focused on converting high-grade Inferred resources near current or planned underground workings with focus on Babi Vista SplayGetting Ready for Production – Drilling supported:

Grade control efforts in veins which have been accessed earlyConfirming highest grade vein areasAvoiding sterilization

Picacho2021 Review

Supporting Transition to Operations – Exploration team supporting transition to production to ensure strong transfer of knowledge of geology and modellingH1, 2022 Target Generation – +10 km of vein strike length identified at both Las Chispas and Picacho requiring early stage exploration efforts

Mapping and sampling will be prioritized at both projectsTargets to be identified and prioritized prior to drilling

H2, 2022 Drilling – Budget at Las Chispas and Picacho to be determined based on target generation and operational ramp-up

Commenced Earlier Stage Targeting – Combination of mapping, sampling, and drilling at less advanced targets to support 2021 and 2022 exploration efforts

Infill Drilling Historic Resource Area – Drilled 75,000 m targeting the historic Picacho deposit

2022- US$7M H1, 2022 Budget

16

Materiality Assessment & Strategy Framework Complete

Waste & Hazardous Materials Management

Ecological Impacts

GHG Emissions

Air Quality

Energy Management

Water & Wastewater Management

Materials Sourcing & Efficiency

Planning for Closure

Business Model Resilience

Physical Impacts of Climate Change

Cyber Security

Management of the Legal & Regulatory Environment

Competitive Behavior

Access to Natural Resources

Stakeholder Engagement

Business Ethics

Critical Incident Risk Management

Employee Engagement

Labor PracticesDiversity & Inclusion

Employee Wellbeing, Health & Safety

Human Rights Community Relation and Social Impacts of Investments and Services

*2022 Priorities

17

Establishing and Integrating our ESG Framework

2021 AchievementsAssay Lab in Arizpe – To employ 20-30 people, majority to be sourced from the community

Supporting Local Businesses – 20 businesses directly involved in the project; total of 93 employees

COVID-19 – Confined camp limiting exposure to the community

New Underground Mining Contract – ~35% of new LHD fleet is electric starting in 2022, one of the first Mexico

TCFD – Physical risk assessment completed – water stewardship work underway

2022 FocusBaseline Data – Establish & track for ongoing measurement of progress

Governance – Create an integrated structure

Disclosure / Stakeholder Engagement – Increase communication on work completed, manage risks and opportunities

TCFD – Disclose physical and transition risk assessments

Water Stewardship Plan – Disclose, communicate with stakeholders and initiate action

18

Taskforce On Climate-Related Financial Disclosures (TCFD)

Develop a baseline report for future disclosures

Understand the key physical and transition climate risks material to the business and community

Implement mitigation strategies to leave the community in a better place than when we came

Identify climate

related risks

Define climate scenarios for stress testing

Evaluate financial impacts

Develop mitigation

strategies COMPLETED FOR LAS CHISPAS AND HOST COMMUNITY

Objectives

Annual mean temperature is forecasted to increase in the area including and surrounding Las Chispas under RCP8.5(no global decarbonization)

Precipitation patterns in the area are forecasted to become more extreme leading to increasing frequency and severity of floods and droughts under RCP8.5

Insights

Governance

Strategy

Risk Management

Metrics and

Targets

19

Liquidity, Share Price Decreased While Risk Came Off

Source: Company filings, S&P Market Intelligence (1) Includes data for both SIL and SILV

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-20%

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20%

40%

60%

80%

Jul-20 Oct-20 Jan-21 Apr-21 Jul-21 Oct-21 Jan-22

Daily

Tra

ding

Val

ue (U

S$M

)(1)

Rela

tive

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ance

(%)

Trading Value Silver Price GDXJ NYSEAM:SILV

Average Daily Volume 50% Lower Since H1’21(1) Profit taking coincided with sector downturn and initiation of construction

~$2.9B Traded Above US$9/sh Since Start of H2, 2020(1) – Considerable selling at higher levels, liquidity allowed for significant repositioning

Sector and stock are weak as we exit construction… while gold and silver are strong

20

5 Yrs10 Yrs

6 Yrs 3 Yrs12 Yrs

8 Yrs 8.5 Yrs3 Yrs

9 Yrs 6 Yrs 7 Yrs 1 Yrs0

4

8

12

16Life of Mine

Las Chispas – Top 10 Silver Primary Project(1)

Source for Silver Peers: Company filings, S&P Capital IQ Pro and Scotiabank Global Banking and Markets.(1) Based on top 10 producing projects by 2020 silver production with public disclosure on a primary silver basis from S&P Market Intelligence; (2) Production converted to AgEq at SilverCrest FS reserve pricing (gold: US$1,410/oz, silver: US$16.60/oz) and 2020 pricing for base metals (lead: US$0.83/lb, zinc: US$1.00/lb); reserves converted at SilverCrest FS pricing and LT consensus pricing (lead: US$0.89/lb, zinc: US$1.16/lb);(3) Production based on annual average LOM from latest technical report; (4) Mine life at beginning of 2021

1 Unique Asset - Las Chispas is the only top 10 global silver-primary mine held by a single-asset producer

2 Ranks Well on Mine Life - 8.5 year mine life positions Las Chispas in top 4 silver primary assets globally

589

1,146

550

279

684

313

879

316

479

226

434 361

0

400

800

1,200

0

20

40

Saucito(Fresnillo)

Greens Creek(Hecla)

Fresnillo(Fresnillo)

San Julian(Fresnillo)

Juanicipio(56% Fresnillo 44% MAG)

Dukat(Polymetal)

Las Chispas(SilverCrest)

San Jose(Fortuna)

La Colorada(Pan American)

Puna(SSR Mining)

Uchucchacua(Buenaventura)

Pallancata(Hochschild)

AgEqGrade (gpt)

AgEq (Moz)2020 Annual Production Reserve Grade (gpt AgEq)

(2) (2)

(3) (3)

(4)

21

0.941.18

5 YEARSilverCrest Silver Peers0% 20% 40% 60% 80% 100%

Gatos Silver

Silvercorp

MAG Silver

Fortuna

Hecla

Fresnillo

Pan American

Coeur Mining

SilverCrest

Endeavour Silver

First Majestic

Aya Gold & Silver Inc.

Ag % Au % Base Metal %

High Quality Asset in Scarce Silver Universe

Source for Silver Peers: Company filings, S&P Capital IQ Pro(1) Revenue by metal is calculated based on 2020 production converted to AgEq at SilverCrest FS reserve pricing (gold: US$1,410/oz, silver: US$16.60/oz) and 2020 pricing for bases metals (lead: US$0.83/lb, zinc: US$1.00/lb, copper: US$2.76); (2) Based on lookback from November 10, 2021; (3) Silver peers include Coeur, First Majestic, MAG Silver, Endeavour Silver, Fortuna, Hecla, Gatos Silver, Fresnillo, Aya Silver, Silvercorp and Pan American.

Revenue > 50% Silver & 100% Precious Metals

Limited Listed Silver Companies with 100% Precious Metals Exposure

(3) (3)

(2)

1.141.30

1 YEAR

SilverCrest Silver Peers

Revenue by Metal (1) Beta to Silver

Tel: ((604) 694-1730 Toll Free: 1-866-691-1730 Fax: (604) 357-1313

Email: info@silvercrestmetals.com Website: www.silvercrestmetals.comAddress: Suite 501 - 570 Granville Street Vancouver, BC V6C 3P1Thank You

Appendix

24

Executive Team Biographies

Executive TeamN. Eric Fier, CPG, P.Eng. CEO & DirectorMr. Fier is a Certified Professional Geologist (USA) and Engineer (Canada) with over 30 years of experience in the international mining industry including exploration, acquisition, development and production of numerous mining projects in Guyana, Chile, Brazil, Central America, Mexico and Peru.. He has in-depth knowledge of project evaluation and management, reserve estimation and economic analysis, construction, as well as operations management. Mr. Fier previously worked as Chief Geologist with Pegasus Gold Corp., Senior Engineer & Manager with Newmont Mining Corp. and Project Manager with Eldorado Gold Corp. and is also currently the Executive Chairman and VP of Finance of Goldsource Mines Inc. (“Goldsource”). Prior to the formation of SilverCrest Metals he was a co-founder and COO of SilverCrest Mines Inc. ("SilverCrest Mines"), which was acquired by First Majestic Silver Corp in October, 2015. He was largely responsible for the successful implementation of a systematic and responsible “phased approach” business model, that built the Santa Elena project into a successful and profitable mine.

Christopher Ritchie, MBA PresidentMr. Ritchie is a financial markets professional with 15+ years of experience in resource based capital markets including investment banking, marketing, corporate strategy, network and risk management. Mr. Ritchie earned a B.A from Miami University (Ohio) in 1997 and a MBA in finance from Dalhousie University in 2000. Mr. Ritchie spent just under three years in risk management at Marsh & McLennan and Liberty International before he moved into trading and institutional equity sales at UBS, Canaccord Financial and National Bank Financial. Mr. Ritchie has developed extensive networks that enable him to support companies of differing sizes and across industries to cost efficiently raise capital, develop communications strategies and create market awareness. Prior to joining SilverCrest Metals, Mr. Ritchie (through National Bank Financial and Canaccord Genuity) was a key financial advisor and partner to the previous and current SilverCrest teams through the development of Santa Elena, the sale of the SilverCrest Mines to First Majestic Silver Corp. and three financings for SilverCrest Metals. This relationship provided strong continuity as he successfully transitioned to his role as President in January 2018.

Pierre Beaudoin Chief Operating Officer Mr. Beaudoin is a mineral processing professional with over 30 years of international operating and project development experience. He joined Detour Gold in 2010 as Sr. VP of Capital Projects and led the design and construction of the Detour Lake Mine. In 2013, he was appointed COO of Detour Gold where he retired in 2017. Prior, Mr. Beaudoin spent the previous 16 years with Barrick Gold. During his last 6 years with Barrick, he worked in the Capital Projects Group, where he led the study teams on Buzwagi in Tanzania (commissioned in 2009), on Donlin Creek in Alaska and Cerro Casale in Chile. From 1996 to 2004, Mr. Beaudoin held management positions at the processing plants of Barrick operations in Canada (Ontario and Quebec) and in Western Australia (KCGM). Before he joined Barrick Gold, he worked for Lac Minerals Ltd. and Noranda Minerals.

Anne Yong, CPA, CA Chief Financial OfficerMrs. 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.

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Executive Team Biographies

Executive TeamStephany (“Rosy”) Fier, CPG Vice President, ExplorationMs. Fier is a mining and geological engineer with more than 10 years’ experience in exploration, construction and mine production in Mexico, Canada, USA, and Central America. She has been the Exploration Manager for the Company since its inception in 2015 and has lead the SilverCrest team in the discovery of a high-grade precious metal vein system at the Las Chispas Property. Previously, Ms. Fier held several roles with SilverCrest Mines Inc. at the Santa Elena Mine in Sonora, Mexico, from 2009 to 2015. These roles included exploration manager, resource modeller, construction supervisor, and production engineer for both open pit and underground mining.

Tara Hassan, P.Eng VP Corporate DevelopmentMs. Hassan is a mining engineer with over 15 years of industry experience including mine operations, project development, capital markets and mining technology. She spent the bulk of her career as an equity research analyst covering the precious metals sector. During her time as an analyst Ms. Hassan worked at a range of investment dealers from boutique to large banks, with her research focused on small to mid-capital explorers, developers and producers in the precious metals space. Before entering the financial services industry, Ms. Hassan worked as a mining engineer for Inco and Placer Dome. At these companies, she held operating, engineering and project-focused roles, working at eight different mines and gaining experience in a wide variety of underground and open-pit mining situations. Ms. Hassan is a Professional Engineer (Ontario) and holds a Bachelor of Science degree in Mining Engineering from Queen’s University in Kingston, Ontario.

Cliff Lafleur VP Technical ServicesMr. Lafleur is a Licensed Professional Mining Engineer with over 20 years of international experience holding roles of increasing responsibility in technical and operations management for precious and base metal mining and companies. As an international consultant for over 5 years he completed assignments for more than 25 mining operations and projects gaining a thorough understanding of mineral reserves, mine planning and project evaluation. He entered operations with First Nickel Inc in 2007, ultimately becoming Mine Manager in 2011 and led the feasibility study and execution of the Lockerby Depth Project. Mr. Lafleur was Director of Technical Services at Primero Mining Corp starting in 2014 and most recently Director of Resource Management and Mine Engineering at Torex Gold Resources starting in 2017. The focus of these roles was the implementation of technical standards and processes across the disciplines of planning, engineering, geology and operations at mines in Canada and Mexico as well as strategic and growth planning at the company level. While at Torex, he led the design and supported the construction of Torex Gold’s ELG Underground Mine.

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Board of Directors Biographies

Board of DirectorsGraham C. Thody CPA, CA, Non-Executive Chairman, DirectorMr. Thody is a member of the British Columbia Institute of Chartered Accountants as well as the Canadian Institute of Chartered Accountants. He was President and CEO of UEX Corporation from November 2009 until his retirement in January 2014. He is currently a director of several reporting companies which are involved in mineral exploration and development throughout North, Central and South America.

N. Eric Fier CEO, Director*See profile in Executive Team Biographies

Ross O. Glanville P.Eng., MBA, CPA, CGA, DirectorMr. Glanville has over 40 years of resource-related experience in numerous countries, and has been involved in the exploration, financing, development, and operation of a number of mines. Mr. Glanville has served on the Boards of Directors of five companies with producing mines, and still serves as a director of three of these companies.

John H. Wright P.Eng., DirectorMr. Wright is a Metallurgical Engineer and Honours graduate of Queens University in Ontario. Mr. Wright was a founder, director and former President and Chief Operating Officer of Pan American Silver Corp. and was also a director of Lumina Copper Corp., Northern Peru Copper Corp., Regalito Copper Corp. and Capstone Mining Corp. He spent the 1st 10 years of his career with Teck Cominco where he worked at the Trail Smelter operations and later participated in the management of the feasibility studies, marketing and mine construction at the Afton, Highmont, Bull Moose and David Bell Mines.

Hannes Portmann CPA, CA, B.Sc., DirectorMr. Portmann is a mining executive with significant management and capital markets experience. Mr. Portmann has served in the role of Chief Financial Officer & Business Development at Marathon Gold Corporation since October 2019. Prior to Marathon Gold, he spent 10 years with New Gold Inc. (and predecessor companies) where he moved into progressively more senior roles, ultimately serving as President and Chief Executive Officer of the intermediate gold producer from January 2017 through May 2018. Previously, as Executive Vice President, Business Development, Mr. Portmann’s primary areas of responsibility were: corporate development, investor relations, human resources and exploration. Prior to New Gold, he was a member of the Merrill Lynch investment banking mining group and the assurance and advisory practices of PricewaterhouseCoopers LLP. Mr. Portmann is a Chartered Professional Accountant and holds a Bachelor of Science in Mining Engineering from Queen’s University and a Masters of Management and Professional Accounting from the Rotman School of Management, University of Toronto.

Ani Markova MBA, CFA, CDI.D, DirectorAni has over 20 years of capital markets involvement and more than 25 years of overall work experience, she has extensive experience in qualitative and quantitative financial analysis, capital allocation and marketing. Ms. Markova is an award-winning portfolio manager who managed up to $2 billion of mutual fund assets and has spent more than 15 years investing in the global mining sector and commodity markets while at AGF Investments Inc. In addition, Ms. Markova has experience reporting to corporate boards in the financial industry and working with non-profit community boards as a treasurer. She is actively engaged with public companies on Environmental, Social and Governance (ESG) topics and integration of such factors in their investment decision making processes.

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Board of Directors Biographies

Board of DirectorsLaura Diaz Masters. ESG (in progress), DirectorMs. Diaz is a partner at a law firm based in Mexico City and serves as a Mining Project Advisor in areas of mineral exploration, development and production. Ms. Diaz has worked in the mining industry for over 25 years as Legal Counsel or independent director to Canadian and U.S. public mining companies. Ms. Diaz more recently held the position of General Director of Mines with the Ministry of Economy in Mexico. Considered an expert in corporate commercial and mining law in Mexico, Ms. Diaz has authored numerous publications addressing topics such as mining law, climate change, mining royalties, and has spoken in many mining conferences since 2013 on these topics. Ms. Diaz is an active member of the Association of Mining Engineers, Metallurgists and Geologists of Mexico (AIMMGM), Women in Mining (WIM) Mexico, and Prospector & Developers Association of Canada (PDAC), Canada. She also holds a Master’s in Social Responsibility and Diploma in Sustainable Law from the University of Anahuac, Law Degree from University of Femenina de Mexico, and Diploma in Contracts, Diploma in American Law and European Union Law from the University of Iberoamericana.

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Resource Tonnes (000) gpt AgEq Moz AgEq

M&I 2,824 1,191 108.1

Inferred 1,240 745 29.7

Reserve Tonnes (000) gpt AgEq Moz AgEq

Proven 336 1,091 11.8

Probable 3,015 855 82.9

P&P 3,351 879 94.7

High Grade Reserves and Resources

(1) Stockpile data as of December 31, 2020, Stockpile included in Reserve (2) Based on top 10 producing projects by 2020 silver production with public disclosure on a primary silver basis from S&P Market Intelligence. See Slide 7 Note: Please review section titled “Feasibility Study” on Slide 2 which covers the Company's Cautionary Statements

Stockpile(1) Tonnes (000) gpt AgEq Moz AgEq

High-grade 54.5 1,041 1.8

Historic 162.6 215 1.1

High Grade Reserve – One of the highest grade primary silver projects in the world(2)

Reserve Defined in Less than 5 Years – 70% of total drilling completed in '19 & '20

Upside Beyond Reserve – Only 15 of more than 45 known veins included in the Reserve Estimate

Stockpile Supports Ramp-up – Underground development initiated Q1 2019. Total stockpiles at end of 2022 estimated to represent nearly 8 months of plant feed and will be utilized throughout ramp-up and initial years of mine life.

Potential to Convert High-Grade Ounces – Targets like Babi Vista Splay represent opportunities for conversion of high-grade ounces near current and planned infrastructure.