SilverCrest Metals : 2022 ESG Report

Environmental, Social

and Governance ("ESG")

Report

Reporting Year 2022

Table of Contents

About this Report	2
About Us & Map of Company's Assets	3
2022 Performance	4
President's Message	5
Materiality	9
Strategy	10
Environmental Performance	11
Social Performance	15
Governance	19
Disclaimer and Forward-Looking Statements	22

About this Report

2022 ESG Report

This is the foundational ESG report for SilverCrest Metals Inc ("SilverCrest" or the "Company"). SilverCrest is reporting on the following guidelines:

CDP - Carbon Disclosure Project GRI - Global Reporting Initiative

GRI - Mining and Metals Supplement

ICMM - The International Council on Mining and Metals

ONYEN - Institutional and Investor Questions

SASB - Sustainability Accounting Standards Board

UNGC - United Nations Global Compact

Unless otherwise noted, all data contained in this report covers the following period: From 2022-01-01 to 2022-12-31. This ESG Report is connected to SilverCrest's financial reporting period.

The primary focus of this report is SilverCrest's ESG information related to its Las Chispas Operation (the "Las Chispas Operation"), located in Sonora, Mexico. As startup of processing at the Las Chispas Operation occurred in Q2, 2022 and commercial production was declared in November 2022, the ESG information may not be representative of a mature mining operation.

Audit Status: Self-Declared

Affiliations: GRI-2-5

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About Us

SilverCrest is headquartered in Vancouver, BC, Canada, and is an emerging silver and gold producer operating near Arizpe, Sonora, Mexico. Sonora is one of the most prolific mining states in Mexico. The announcement of commercial production at our Las Chispas Operation in November of 2022 marks the second time that the SilverCrest team has taken an asset all the way from discovery to production in the same region. Through our predecessor company, our team entered the region with the Santa Elena project in 2005 and we are fortunate to be able to enjoy and continue the relationships started almost 20 years ago.

The Las Chispas Operation is a high-gradesilver-gold project. Our strong understanding of the robust regional geology, combined with our successful construction efforts during COVID-19 has led to a significant reduction of risk as we ramp up operations during our first full year of production. Our team has an enviable track record of success in the discovery, development and production phases of the business while showing a strong commitment to improving the well- being of those living in the communities in which we operate.

Our successes would not have been possible without the support from a very long list of stakeholders. In return, our objective is to provide a healthy and strong social, economic and environmental impact to that same long list of stakeholders and more. In addition, we truly believe that the production of silver and gold provides a necessary alternative to fiat currencies for wealth preservation in addition to the well-known attributes of silver in the critical energy transition process.

We are proud of what we have accomplished alongside our outstanding partners, and we are excited to tackle the next set of challenges and opportunities in front of us.

Map of Company's Assets

2022 ESG Report

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2022 Performance

Freshwater consumed	GHG Emissions (tonnes of carbon
(thousand cubic litres)	dioxide equivalent ("tCO2e"))
		Scope 1:	Scope 2:
232,358	11,137	8,098
Total energy consumed,	Percentage of females in the
electricity and hydrocarbons	organization (includes employees,
	(GJ)	officers and directors of SilverCrest)
220,758	21% female
Number of work-related fatalities	Lost Time Injury Frequency Rate
Employees:	Contractors:	Employees:	Contractors:
0	0	0.00	0.62
Total Recordable Injury	All-Incident Rate
Frequency Rate
Employees:	Contractors:	Employees:	Contractors:
2.05	4.33	5.0	14.0

Near Miss	Average hours of health, safety,
Frequency Rate	and emergency response training
Employees:	Contractors:	Employees:	Contractors:
7.40	19.47	18.20	24.36

2022 ESG Report

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President's Message

Christopher Ritchie

President

At SilverCrest, we recognize that the path to sustainable mining is one of continuous improvement. As we navigate the complexities of the mining industry, we remain guided by our commitment to responsible mining practices, robust health and safety systems, environmental stewardship, and social responsibility. We were proud to announce, in November of 2022, that the Las Chispas Operation successfully achieved commercial production, ahead of schedule and under budget, which was in no small part made possible by our commitment to these principles. We constantly strive to innovate and adapt in order to meet, and where possible to exceed, the expectations of our stakeholders and the communities in which we operate.

2022 ESG Report

identified that in Mexico 74% of water is used for agriculture compared to less than 1% that is used for mining. Given our close contact and involvement with the community, we are aware that a strong majority of the local community relies on farming and ranching for its livelihood. We viewed this as an opportunity to address this critical risk and to add value to the communities in which we operate. As such, SilverCrest has developed and started to implement its Water Stewardship Plan which will invest US$1.5 million into local water infrastructure projects over a five-year period (from 2022 - 2026). The positive impacts gained by improving water related infrastructure projects in the community will be significantly greater than any water-saving measures that we could introduce at site. These water infrastructure projects, which are designed to conserve and improve water quality and access, are expected to lead to greater economic stability and climate resilience in the local communities.

Our Las Chispas Operation is located in Sonora, Mexico. Water scarcity is a critically high risk in Mexico that will only worsen without substantial investment. In 2022, we conducted a Task Force for Climate-Related Financial Disclosures ("TCFD") climate risk analysis, not only for Las Chispas, but also for the surrounding area which identified water scarcity as the main climate risk in the region. In addition, a recent report on 'Water Scarcity Across Mining Operations in the Americas', from the Bank of Nova Scotia,

In this inaugural ESG Report, we highlight the strides we have made to establish and integrate the systems required to minimize our environmental footprint, engage and support the local communities, and pave the way for a more sustainable and resilient future for all.

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