Report of acquisition of beneficial ownership of common shares of SilverCrest Metals Inc.

VANCOUVER, Dec. 6, 2016 /CNW/ - Donald Smith Value Fund, L.P. (the "Fund") reports that it has acquired beneficial ownership of 900,000 common shares and 450,000 common share purchase warrants of SilverCrest Metals Inc. ("SilverCrest") through a prospectus offering on December 6, 2016 of 4,550,000 units of SilverCrest at Cdn.$2.20 per unit, each unit consisting of one common share and one‑half of a warrant of SilverCrest for total consideration paid of Cdn.$1,980,000. 

The Fund currently has deemed beneficial ownership of 5,850,000 common shares (including 1,950,000 common shares issuable upon exercise of warrants), representing 11.93% of the deemed outstanding common shares.

The Fund has acquired the common shares and warrants through the prospectus offering for investment purposes.  The Fund may acquire additional common shares and warrants or dispose of common shares and warrants (through market or private transactions or exercises of the warrants) from time to time.

A copy of the related early warning report may be obtained from the SEDAR website (www.sedar.com) or from Ann Hogan at Donald Smith Value Fund, L.P. at (212) 284‑0990.

Donald Smith Value Fund, L.P.

	"Donald Smith"
Per:	__________________________
	Donald Smith, Managing Member

SOURCE SilverCrest Metals Inc.

Ann Hogan, Donald Smith Value Fund, L.P., (212) 284‑0990