Replies to post #38 on Silvercrest Metals (SILV)

[mick]

Report of Foreign Issuer (6-k) Edgar (US Regulatory) - 1/24/2020 3:36:43 PM
Report of Foreign Issuer (6-k) Edgar (US Regulatory) - 1/21/2020 6:33:19 AM
Report of Foreign Issuer (6-k) Edgar (US Regulatory) - 1/16/2020 6:05:01 AM

[mick]

1. GENERAL
1.1 Date of Information
All information in this Annual Information Form is as of October 28, 2016, unless otherwise indicated, and the
information contained herein is current as of such date, unless otherwise stated.
1.2 Conversion Table
All data and information is presented in metric units. In this Annual Information Form, the following conversion
factors were used:
2.47 acres = 1 hectare 0.4047 hectares = 1 acre
3.28 feet = 1 metre 0.3048 metres = 1 foot
0.62 miles = 1 kilometre 1.609 kilometres = 1 mile
0.032 ounces (troy) = 1 gram 31.103 grams = 1 ounce (troy)
1.102 tons (short) = 1 tonne 0.907 tonnes = 1 ton
0.029 ounces/ton = 1 gram/tonne 34.286 grams/tonne = 1 ounce/ton
1 ppm = 1 gram/tonne
1 ounce/ton = 34.286 ppm
1% = 10,000 ppm
1.3 Technical Abbreviations
Ag silver Mo molybdenum
Ag Eq. silver equivalent NI 43-101 National Instrument 43-101 Standards
of Disclosure for Mineral Projects
Au gold NSR net smelter returns
Au Eq. gold equivalent opt ounces per ton
aver. average oz ounce(s)
cm centimetres Pb lead
Cu copper RC reverse circulation
g grams t tonne
gpt or g/t grams per tonne tpd tonnes per day
ha hectares tr trench
km kilometres W tungsten
m metres
1.4 Currency
All dollar ($) amounts stated in this Annual Information Form refer to Canadian dollars ($ or Cdn.$) unless United
States dollars (U.S.$) are indicated. On October 28 , 2016, the noon exchange rate for the United States dollar in
terms of Canadian dollars, as quoted by the Bank of Canada, was U.S.$1.00 = Cdn.$1.3385 (Cdn.$1.00 =
U.S.$0.7471). On December 31, 2015, the noon exchange rate for the United States dollar in terms of Canadian
dollars, as quoted by the Bank of Canada, was U.S.$1.00 = Cdn.$1.384 (Cdn.$1.00 = U.S.$0.7225).
1.5 Qualified Persons
N. Eric Fier, CPG, P. Eng, is a “qualified person” within the meaning of NI 43-101 and has reviewed and approved the
scientific and technical information relating to the Company's mineral properties disclosed in this Annual Information
Form. Mr. Fier is the President and Chief Executive Officer (on medical leave) and a director of SilverCrest Metals.
Other qualified persons are responsible for the technical and scientific information contained in the technical reports
incorporated by reference in this Annual Information Form. See “Interests of Experts – Names of Experts”

[mick]

#2, GENERAL DEVELOPMENT OF THE BUSINESS,WAS SPINOFF FROM FROM SILVERCREST MINING IN MERGER DEAL WITH
" The Company was established as part of an arrangement
(the “Arrangement”)
completed under the BCBCA on October 1, 2015, pursuant to which
First Majestic Silver Corp. (“First Majestic”)
acquired SilverCrest Mines after the Company was spun off
from SilverCrest Mines to the former shareholders of SlverCrest Mines.


3.1 History
Upon the Company’s incorporation on June 23, 2015, the Company was a wholly owned subsidiary of SilverCrest
Mines Inc. (“SilverCrest Mines”).
The Company was established as part of an arrangement (the “Arrangement”)
completed under the BCBCA on October 1, 2015, pursuant to which
First Majestic Silver Corp. (“First Majestic”)
acquired SilverCrest Mines after the Company was spun off from SilverCrest Mines to the former shareholders of
SilverCrest Mines.


The Arrangement resulted in the Company holding title to various exploration properties located
in Mexico that were formerly held by SilverCrest Mines.

The common shares of the Company (the “Common
Shares”) commenced trading on the TSX Venture Exchange (“TSX-V”) at opening on October 9, 2015, under the
symbol “SIL”.


At the time of the Arrangement, the Company considered its
Cruz de Mayo property (“Cruz de Mayo”) in Mexico to
be its material property.

During 2016, the Company’s main focus has been its Las Chispas property (“Las Chispas”)
in Mexico.


The Company’s other exploration properties include the Huasabas, Guadalupe,
Angel de Plata and Estacion Llano properties, all located in Mexico.


In connection with the Arrangement, the Company had available working capital of approximately $5,250,000.

In
November 2015, the Company completed a non-brokered private
placement of 16,665,143 units at a price of $0.15
per unit for gross proceeds of approximately $2.5 million.
Each unit consisted of one common share of the Company
and one half of a common share purchase warrant of the Company,
with each whole warrant being exercisable for
one common share of the Company at a price of $0.20 per share for
a term of two years.

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