SilverCrest Metals Inc. announced that, as planned, the Company's Canadian subsidiary has completed the third scheduled drawdown of USD 30 million on its previously announced USD 120 million Project Financing Facility ("Credit Facility") with an affiliate of RK Mine Finance. This drawdown takes the total amount of debt accessed to date to USD 90 million. The additional funds will be used towards the continued construction of the Company's Las Chispas Project ("Las Chispas" or "Project") located in Sonora, Mexico, with a targeted completion in second quarter 2022. To limit risk and enhance flexibility, SilverCrest has now drawn down 75% of the Credit Facility, in-line with the agreed drawdown schedule. By completing this drawdown, the remaining USD 30 million will remain available to the Company through August 31, 2022, during the planned second half, 2022 production ramp-up of Las Chispas. Project construction remains on time and in line with the previously disclosed capital cost estimate of USD 137.7 million. The Company still anticipates reaching the previously disclosed 80% of construction completed by the end of 2021 with full power available to facilities by second quarter, 2022.