Form 51-102F3
Material Change Report

Item 1.	Name and Address of Company
	SilverCrest Metals Inc. (the “Company”)
	Suite 501, 570 Granville Street
	Vancouver, British Columbia
	V6C 3P1 Canada
Item 2.	Date of Material Change
	August 15, 2019
Item 3.	News Release
	The News Release dated August 15, 2019 was disseminated through Newsfile.
Item 4.	Summary of Material Change
	The Company completed its prospectus offering by issuing a total of 4,326,300 common shares of the Company at a price of $5.85 per common share for gross proceeds of $25,308,855, including exercise of the underwriters’ over-allotment option in full.
Item 5.1	Full Description of Material Change
	The Company completed its prospectus offering announced on July 23, 2019 whereby the Company issued a total of 4,326,300 common shares of the Company (“Shares”) at a price of $5.85 per Share for gross proceeds of $25,308,855, including exercise of the underwriters’ over-allotment option in full (the “Offering”). The Offering was led by National Bank Financial Inc. and Desjardins Capital Markets on behalf of a syndicate of underwriters that included Cormark Securities Inc., PI Financial Corp., RBC Dominion Securities Inc., BMO Nesbitt Burns Inc., Eight Capital, Beacon Securities Limited, Roth Capital Partners, LLC and Scotia Capital Inc. The Company paid the underwriters an aggregate cash commission of $1,252,942.
	The Company plans to use the net proceeds of the Offering for continued exploration and advancement of the Las Chispas Project to feasibility level and for working capital purposes.
Item 5.2	Disclosure for Restructuring Transactions
	Not applicable.
Item 6.	Reliance on subsection 7.1(2) of National Instrument 51-102
	Not applicable.
Item 7.	Omitted Information
	Not applicable.
Item 8.	Executive Officer
	Anne Yong, Chief Financial Officer
	Telephone: (604) 694-1730
Item 9.	Date of Report
	August 19, 2019