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Shareholder Update from Golden Arrow Executive Chairman, President and CEO

"The option agreement with Silver Standard Resources (SSO.TO) (SSRI) for the combination of Golden Arrow's Chinchillas Project with Silver Standard's Pirquitas Mine is still in progress (see Golden Arrow News Release dated October 1, 2015). As the 18 month option draws to a close on March 30, 2017, we await Silver Standard's decision. We are appreciative for the professional and transparent technical cooperation between Silver Standard and Golden Arrow which has allowed the advancement of our Chinchillas deposit to this advanced mine planning and prefeasibility stage. Golden Arrow is committed to the Business Combination Agreement and we look forward to fully achieving a final resolve by March 30, 2017."

SilverCrest Reports First Drill Results from Babicanora Vein; Multiple Intercepts Greater Than 1,000 gpt AgEq*

SilverCrest Metals Inc. ("SilverCrest" or the "Company") is pleased to announce its first drill hole results for the Babicanora Vein within the Las Chispas Property (the "Property") located in Sonora, Mexico. As part of the Company's Phase II Exploration Program, underground drilling at the Babicanora Vein is testing the historic silver-gold mine (see attached Photos and Figures).

SilverCrest Reports More High Grade Underground Sampling Results at Las Chispas; Update on Phase II Drill Program

SilverCrest Metals Inc. (“SilverCrest” or the “Company”) is pleased to provide an update on the underground rehabilitation and drill programs at its Las Chispas Property (“Las Chispas”) located in Sonora, Mexico, and report on additional high grade underground sampling results on the 550 level of the Las Chispas Vein.

Northern Vertex – Gold-Silver Moss Mine Project in Arizona

• Construction Ready • Open-pit, Low strip, Heap leach gold-silver deposit • Pilot Production Confirmed Recoveries and Mining Process • Robust Economics – 48% after-tax IRR • Targeting +42,000 Gold EQoz/YR • Resource Expansion and Exploration Drilling Upside

SilverCrest Appoints John Wright to Board

Mr. Wright was a founder, director and former President and Chief Operating Officer of Pan American Silver Corp. He has also been a director of Lumina Copper Corp., Northern Peru Copper Corp., Regalito Copper Corp. and Capstone Mining Corp. The first 10 years of his career were spent with Teck Cominco where he worked at the Trail Smelter operations and later participated in the management of the feasibility studies, marketing and mine construction at the Afton, Highmont, Bull Moose and David Bell Mines. Mr. Wright is a Metallurgical Engineer and Honours graduate of Queens University in Ontario.

Golden Arrow Resources Message from the Chairman

As of the end of September 2016, Silver Standard has invested approximately $11M USD to advance the project towards pre-feasibility. In 2016, work completed included: a Phase VI drill program, an upgraded resource estimate, metallurgical studies, engineering studies, environmental monitoring, and community relations programs.The Environmental Report, which is the major mine permit application, was submitted to the authorities in September.

SilverCrest Provides Corporate Update

SilverCrest Metals Inc. ("SilverCrest" or the "Company") is pleased to announce that N. Eric Fier, President of the Company has returned from his partial leave of absence due to medical reasons and will resume his full‑time duties as Chief Executive Officer, effective January 1, 2017.

SilverCrest Announces New Discovery at Las Chispas; Varela Veins with Multiple Results of Greater Than 1,400 gpt AgEq

SilverCrest Metals Inc. ("SilverCrest" or the "Company") is pleased to announce an update on the underground rehabilitation program at its Las Chispas Property ("Las Chispas") located in Sonora, Mexico. SilverCrest's initial focus was on the Las Chispas, William Tell and Babicanora veins. Exploration has been expanded to include a new, recently discovered target at the historic Varela Mine. This mine has two near-parallel veins that are approximately 300 metres west of the William Tell Vein.

Fortuna reports consolidated financial results for the third quarter 2016

Fortuna Silver Mines Inc. (FSM)(FVI.TO) today reported revenue of $65.2 million, net cash provided by operating activities of $28.5 million, and net income of $11.8 million in the third quarter of 2016.

SilverCrest Receives Underground Drilling and Bulk Sample Permit; Extensive Phase II Exploration Program to Commence in November 2016

“We are very encouraged with the early success from our initial drilling campaign at Las Chispas, which has confirmed continuity of high grades over potential mineable thicknesses. With the underground drilling permit, we will start drill-defining resources and preparing for a broader Phase II exploration program. Our current focus is to systematically drill the Las Chispas and William Tell veins in a grid pattern for resource estimation, test vein extensions and to further explore the Babicanora area. SilverCrest’s schedule is to establish a maiden resource estimation in the first half of 2017. We see further upside in this historic silver-gold mining district with prospective discoveries of multiple unidentified veins, and drill testing Babicanora which is considered the largest target in the district.”

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