TSX: SIL | NYSE American: SILV VANCOUVER, BC, Jan. 4, 2021 /PRNewswire/ - In anticipation of making a final construction decision based on a Feasibility Study ("Feasibility Study") for the Las Chispas Project ("Las Chispas"), SilverCrest Metals Inc. ("SilverCrest" or the "Company") is pleased to announce that its Canadian subsidiary has entered into a credit agreement (the "Credit Agreement") with an affiliate of RK Mine Finance ("RK") to provide a secured project financing facility (the "Facility") for a total of US$120 million for the purpose of funding the construction of Las Chispas. Concurrently, one of the Company's Mexican subsidiaries has entered into a fixed price Engineering, Procurement and Construction contract (the "EPC Contract") with Ausenco Engineering Canada Inc. ("Ausenco"), and one of its affiliates, for construction of the Las Chispas process plant.